What is FedEx's income tax?

FedEx (FDX) reported income tax of $510M in Q1 2026.

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

FedEx's income tax decreased by 11.3% year-over-year, from $575M to $510M.

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

Over 4 years (2022 to 2026), FedEx's income tax has grown at a 6.2% compound annual growth rate (CAGR), from $1.07B to $1.36B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

FedEx FDX Income Tax

Income Tax at other companies

Pitney BowesPBI

$22.34M+97.5%

Old Dominion Freight LineODFL

$79.42M-5.4%

ArcBestARCB

-$297K-128%

Forward AirFWRD

$1.79M-90.8%

AmazonAMZN

$9.56B+110%

United Parcel Service, Inc.UPS

$260M-22.6%

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$74.71B+41.0%

Enterprise value$84.7B-1.0%

P/E16.9×+3.9×

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

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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:IncomeTaxExpenseBenefit.

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 income tax?: FedEx (FDX) reported income tax of $510M in Q1 2026.
How has FedEx's income tax changed year-over-year?: FedEx's income tax decreased by 11.3% year-over-year, from $575M to $510M.
What is the long-term trend for FedEx's income tax?: Over 4 years (2022 to 2026), FedEx's income tax has grown at a 6.2% compound annual growth rate (CAGR), from $1.07B to $1.36B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.