FedEx FDX Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| REVENUE by Business | ||||||
| FedEx Freight segment | $1.99B-6.9% | $2.14B-5.2% | $2.26B-1.7% | $2.3B+10.0% | $2.09B-4.0% | |
| Total Federal Express segment | $21.15B+3.5% | $20.43B+6.9% | $19.12B+0.7% | $18.98B-1.1% | $19.18B+1.8% | |
| Other by Business | ||||||
| FedEx Freight Segment | $190M+8.0% | $176M+2.3% | $172M+3.6% | $166M+1.8% | $163M-1.8% | |
| Total Federal Express segment | $3.34B+2.1% | $3.27B+4.4% | $3.13B+1.2% | $3.1B+2.1% | $3.03B+3.2% | |
| Operating Income (Loss) by Business | ||||||
| FedEx Freight segment | $8M-91.1% | $90M-75.0% | $360M-24.5% | $477M+82.8% | $261M-16.3% | |
| Total Federal Express segment | $1.57B+1.4% | $1.55B+36.3% | $1.14B-28.2% | $1.59B+22.6% | $1.29B+23.0% | |
| Separation and other costs by Business | ||||||
| FedEx Freight segment | $126M-17.1% | $152M+1,589% | $9M— | —— | $0— | |
| Total Federal Express segment | $37M+106% | $18M+260% | $5M— | —— | $0— | |
| Costs and Expenses by Business | ||||||
| FedEx Freight segment | $1.98B-3.2% | $2.05B+8.0% | $1.9B+4.2% | $1.82B-0.4% | $1.83B-2.0% | |
| Total Federal Express segment | $19.58B+3.7% | $18.88B+5.0% | $17.98B+3.4% | $17.39B-2.8% | $17.89B+0.6% | |
| Intercompany allocations by Business | ||||||
| FedEx Freight segment | $134M-12.4% | $153M-5.6% | $162M+15.7% | $140M-1.4% | $142M-0.7% | |
| Total Federal Express segment | -$206M+10.0% | -$229M+1.7% | -$233M-16.5% | -$200M-0.5% | -$199M+2.9% | |
| Purchased transportation by Business | ||||||
| FedEx Freight segment | $193M-2.0% | $197M-2.0% | $201M-2.0% | $205M+1.5% | $202M+2.5% | |
| Total Federal Express segment | $5.67B+3.4% | $5.48B+8.0% | $5.07B+3.3% | $4.91B-5.5% | $5.2B+2.5% | |
| Salaries and employee benefits by Business | ||||||
| FedEx Freight segment | $977M-0.6% | $983M+0.8% | $975M+0.9% | $966M+2.9% | $939M-3.8% | |
| Total Federal Express segment | $7.23B+6.0% | $6.82B+4.7% | $6.52B+5.6% | $6.17B-3.4% | $6.39B+1.0% | |
| Rentals and landing fees by Business | ||||||
| FedEx Freight segment | $74M-2.6% | $76M+2.7% | $74M+2.8% | $72M0.0% | $72M0.0% | |
| Total Federal Express segment | $1.06B+2.8% | $1.03B+1.5% | $1.01B+5.1% | $964M-3.8% | $1B+1.5% | |
| Fuel by Business | ||||||
| FedEx Freight segment | $104M-5.5% | $110M-2.7% | $113M0.0% | $113M+0.9% | $112M+0.9% | |
| Total Federal Express segment | $751M-3.6% | $779M+2.5% | $760M+1.3% | $750M-3.5% | $777M-6.9% | |
| D&A by Business | ||||||
| FedEx Freight segment | $112M-0.9% | $113M+2.7% | $110M+35.8% | $81M-28.3% | $113M+0.9% | |
| Total Federal Express segment | $971M+4.3% | $931M-2.4% | $954M+1.2% | $943M+1.8% | $926M+0.9% | |
| CapEx by Business | ||||||
| FedEx Freight segment | $152M+52.0% | $100M+213% | $32M-59.0% | $78M-39.5% | $129M-33.8% | |
| Total Federal Express segment | $782M+22.2% | $640M+12.7% | $568M-58.2% | $1.36B+61.1% | $844M+41.1% | |
| Maintenance and repairs by Business | ||||||
| FedEx Freight segment | $73M-18.0% | $89M+9.9% | $81M+5.2% | $77M-9.4% | $85M-3.4% | |
| Total Federal Express segment | $670M-13.3% | $773M+4.9% | $737M+6.3% | $693M+3.1% | $672M-6.0% | |
| REVENUE by Product | ||||||
| International domestic | $1.15B-8.3% | $1.26B+10.7% | $1.14B+1.8% | $1.12B+3.4% | $1.08B-9.4% | |
| International economy | $1.49B-1.5% | $1.51B+11.6% | $1.35B-6.5% | $1.45B-1.2% | $1.47B-7.7% | |
| International priority | $2.36B-0.9% | $2.38B+5.5% | $2.26B+2.5% | $2.2B+5.1% | $2.1B-6.0% | |
| Other | $339M-7.6% | $367M+47.4% | $249M+14.7% | $217M+0.5% | $216M-17.6% | |
| U.S. deferred | $1.59B+13.9% | $1.4B+9.7% | $1.27B+0.2% | $1.27B-8.3% | $1.39B+15.6% | |
| U.S. ground | $9.86B+7.5% | $9.17B+6.0% | $8.65B+0.8% | $8.59B-4.4% | $8.99B+8.8% | |
| U.S. priority | $2.9B+2.0% | $2.84B+2.7% | $2.77B+1.7% | $2.72B+2.8% | $2.65B+3.2% | |
| U.S. | $297M-2.3% | $304M+0.3% | $303M+1.7% | $298M+4.2% | $286M-25.3% | |
| Revenue by Product | ||||||
| International economy | $538M-7.6% | $582M+10.2% | $528M+2.9% | $513M+9.1% | $470M-11.2% | |
| International priority | $627M+1.6% | $617M+3.7% | $595M-1.3% | $603M+9.4% | $551M-13.9% | |
| REVENUE by Geography | ||||||
| International | $6.56B-2.9% | $6.75B+7.7% | $6.27B-0.4% | $6.3B+4.3% | $6.04B-8.4% | |
| U.S. Plans | $17.45B+4.3% | $16.72B+4.7% | $15.98B+0.3% | $15.92B-1.2% | $16.12B+4.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does FedEx break its business down?
- FedEx (FDX) reports revenue by business across 2 parts — FedEx Freight segment and Total Federal Express segment. Each is extracted from the segment footnotes and tracked over time.
- Where does FedEx's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in FedEx's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
