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FedEx FDX Net Income

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Other financials

Income statement

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Revenue$25.0B+12.5%
Operating income$1.6B-13.5%
EPS (diluted)$6.64-2.6%

Balance sheet

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Cash & equivalents$13.3B+142%
Total debt$42.8B+16.7%
Total equity$31.6B+12.7%
Total assets$98.9B+12.9%

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$79.52B+45.1%
Enterprise value$108.99B+26.8%
P/E17.9×+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

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Return on equity14.8%+0.1pp
Debt / equity1.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: FedEx’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:14 PM EDT
Fiscal year
FY2026
Accession
0001048911-26-000105
Line itemYears ended May 31, 2026Years ended May 31, 2025Years ended May 31, 2024
Other, net(22)(63)(70)
TOTAL OTHER INCOME (EXPENSE)330224277
INCOME BEFORE INCOME TAXES5,7935,4415,836
PROVISION FOR INCOME TAXES1,3601,3491,505
NET INCOME$4,433$4,092$4,331
EARNINGS PER COMMON SHARE:
Basic$18.71$16.96$17.41
Diluted$18.55$16.81$17.21

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's net income?
FedEx (FDX) reported net income of $1.6B in Q1 2026.
How has FedEx's net income changed year-over-year?
FedEx's net income decreased by 3.1% year-over-year, from $1.65B to $1.6B.
What is the long-term trend for FedEx's net income?
Over 4 years (2022 to 2026), FedEx's net income has grown at a 3.8% compound annual growth rate (CAGR), from $3.83B to $4.43B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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