FedEx FDX Business Segments
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| REVENUE by Business | ||||||
| FedEx Freight segment | $8.68B-1.1% | $8.78B-0.4% | $8.82B-0.8% | $8.89B-1.0% | $8.98B-1.3% | |
| Total Federal Express segment | $79.68B+2.5% | $77.71B+2.1% | $76.12B+1.1% | $75.3B+0.2% | $75.12B+0.7% | |
| Other by Business | ||||||
| FedEx Freight Segment | $704M+4.0% | $677M+1.5% | $667M+0.2% | $666M-0.6% | $670M-1.0% | |
| Total Federal Express segment | $12.84B+2.5% | $12.53B+2.7% | $12.2B+1.9% | $11.96B+1.7% | $11.76B+1.2% | |
| Operating Income (Loss) by Business | ||||||
| FedEx Freight segment | $935M-21.3% | $1.19B-15.7% | $1.41B-5.3% | $1.49B-2.0% | $1.52B-5.0% | |
| Total Federal Express segment | $5.85B+5.0% | $5.57B+9.8% | $5.07B+3.8% | $4.89B+6.1% | $4.6B+2.7% | |
| Costs and Expenses by Business | ||||||
| FedEx Freight segment | $7.75B+2.0% | $7.59B+2.5% | $7.41B+0.1% | $7.4B-1.1% | $7.49B-1.0% | |
| Total Federal Express segment | $73.83B+2.3% | $72.14B+1.5% | $71.05B+0.9% | $70.42B-0.1% | $70.49B+0.6% | |
| Intercompany allocations by Business | ||||||
| FedEx Freight segment | $589M-1.3% | $597M+1.7% | $587M+2.4% | $573M+0.7% | $568.75M+1.1% | |
| Total Federal Express segment | -$868M-0.8% | -$861M-2.9% | -$837M-5.8% | -$791M-3.8% | -$762M-3.8% | |
| Purchased transportation by Business | ||||||
| FedEx Freight segment | $796M-1.1% | $805M0.0% | $805M-0.2% | $807M-1.7% | $821.25M-2.1% | |
| Total Federal Express segment | $21.13B+2.3% | $20.66B+2.0% | $20.25B+1.4% | $19.97B+0.4% | $19.9B+1.9% | |
| Salaries and employee benefits by Business | ||||||
| FedEx Freight segment | $3.9B+1.0% | $3.86B+0.2% | $3.86B-0.2% | $3.87B-0.4% | $3.88B-1.1% | |
| Total Federal Express segment | $26.74B+3.2% | $25.9B+1.9% | $25.41B+1.3% | $25.09B+0.1% | $25.07B+1.0% | |
| Rentals and landing fees by Business | ||||||
| FedEx Freight segment | $296M+0.7% | $294M+1.4% | $290M+1.0% | $287M+0.7% | $285M+0.7% | |
| Total Federal Express segment | $4.06B+1.4% | $4.01B+1.0% | $3.97B+0.7% | $3.94B0.0% | $3.94B+0.9% | |
| Fuel by Business | ||||||
| FedEx Freight segment | $440M-1.8% | $448M-0.2% | $449M-1.8% | $457M-6.1% | $486.75M-5.9% | |
| Total Federal Express segment | $3.04B-0.8% | $3.07B-1.8% | $3.12B-5.9% | $3.32B-7.9% | $3.6B-6.7% | |
| D&A by Business | ||||||
| FedEx Freight segment | $416M-0.2% | $417M+0.2% | $416M0.0% | $416M-4.6% | $436M+2.8% | |
| Total Federal Express segment | $3.8B+1.2% | $3.75B+0.3% | $3.74B+0.5% | $3.72B+0.1% | $3.72B-0.3% | |
| CapEx by Business | ||||||
| FedEx Freight segment | $362M+6.8% | $339M-21.9% | $434M-0.7% | $437M-7.9% | $474.25M+3.0% | |
| Total Federal Express segment | $3.35B-1.8% | $3.41B+1.2% | $3.37B-3.9% | $3.51B+6.4% | $3.29B-8.4% | |
| Maintenance and repairs by Business | ||||||
| FedEx Freight segment | $320M-3.6% | $332M+0.3% | $331M-0.3% | $332M-1.6% | $337.5M+0.7% | |
| Total Federal Express segment | $2.87B-0.1% | $2.88B+2.1% | $2.82B+0.6% | $2.8B-0.7% | $2.82B-1.4% | |
| REVENUE by Product | ||||||
| International domestic | $4.66B+1.6% | $4.59B+1.5% | $4.52B+0.5% | $4.5B-1.1% | $4.55B-1.3% | |
| International economy | $5.8B+0.4% | $5.78B-1.3% | $5.86B-0.1% | $5.86B+3.6% | $5.66B+6.8% | |
| International priority | $9.21B+3.0% | $8.94B+1.7% | $8.79B+0.6% | $8.74B-2.4% | $8.95B-2.4% | |
| Other | $1.17B+11.7% | $1.05B+11.1% | $944M-2.3% | $966M— | —— | |
| U.S. deferred | $5.53B+3.8% | $5.33B+3.8% | $5.13B+2.4% | $5.01B+1.1% | $4.95B+1.4% | |
| U.S. ground | $36.28B+2.5% | $35.4B+2.7% | $34.49B+1.8% | $33.89B+1.2% | $33.47B+1.9% | |
| U.S. priority | $11.23B+2.3% | $10.98B+2.6% | $10.7B+1.7% | $10.52B+0.5% | $10.47B+0.5% | |
| U.S. | $1.2B+0.9% | $1.19B-6.2% | $1.27B-17.3% | $1.54B— | —— | |
| Revenue by Product | ||||||
| International economy | $2.16B+3.2% | $2.09B+2.6% | $2.04B+3.3% | $1.98B— | —— | |
| International priority | $2.44B+3.2% | $2.37B-1.0% | $2.39B+3.0% | $2.32B— | —— | |
| REVENUE by Geography | ||||||
| International | $25.87B+2.0% | $25.35B+0.6% | $25.2B+0.7% | $25.01B+1.0% | $24.75B0.0% | |
| U.S. Plans | $66.06B+2.0% | $64.74B+2.1% | $63.4B+0.8% | $62.92B+0.1% | $62.87B+0.4% |
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.
