What is FedEx's pre-tax income?

FedEx (FDX) reported pre-tax income of $2.11B in Q1 2026.

How has FedEx's pre-tax income changed year-over-year?

FedEx's pre-tax income decreased by 5.2% year-over-year, from $2.22B to $2.11B.

What is the long-term trend for FedEx's pre-tax income?

Over 5 years (2021 to 2026), FedEx's pre-tax income has grown at a -2.8% compound annual growth rate (CAGR), from $6.67B to $5.79B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

FedEx FDX Pre-Tax Income

Pre-Tax Income at other companies

Pitney BowesPBI

$80.47M+72.2%

Old Dominion Freight LineODFL

$317.68M-6.2%

ArcBestARCB

-$1.33M-132%

Forward AirFWRD

-$38.41M+7.7%

AmazonAMZN

$39.83B+83.7%

United Parcel Service, Inc.UPS

$1.12B-26.2%

Other financials

Income statement

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Revenue$25.0B+12.5%

Operating income$1.6B-13.5%

Net income$1.6B-3.0%

EPS (diluted)$6.60-3.2%

Balance sheet

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Cash & equivalents$13.3B+142%

Total debt$23.3B-38.9%

Total equity$31.6B+12.7%

Total assets$107.19B+22.3%

Cash flow

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Operating cash flow$3.3B+29.6%

CapEx$1.5B+0.1%

Free cash flow$1.8B+71.2%

Valuation

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Market cap$78.61B+45.1%

Enterprise value$88.59B+2.1%

P/E17.7×+4.5×

P/S0.8×+0.2×

Profitability

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Gross margin76%—

Operating margin5.8%-0.2pp

Net margin4.7%0.0pp

FCF margin5.4%+2.0pp

Returns & leverage

See full

Return on equity14.8%+0.1pp

Debt / equity0.7×-0.6×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: FedEx’s 8-K, filed June 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FedEx's pre-tax income?: FedEx (FDX) reported pre-tax income of $2.11B in Q1 2026.
How has FedEx's pre-tax income changed year-over-year?: FedEx's pre-tax income decreased by 5.2% year-over-year, from $2.22B to $2.11B.
What is the long-term trend for FedEx's pre-tax income?: Over 5 years (2021 to 2026), FedEx's pre-tax income has grown at a -2.8% compound annual growth rate (CAGR), from $6.67B to $5.79B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.