FedEx FDX Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| REVENUE by Business | ||||||
| FedEx Freight segment | $1.99B-4.7% | $2.14B-1.7% | $2.26B-3.1% | $2.3B-3.8% | $2.09B-5.3% | |
| Total Federal Express segment | $21.15B+10.3% | $20.43B+8.4% | $19.12B+4.4% | $18.98B+1.0% | $19.18B+2.7% | |
| Other by Business | ||||||
| FedEx Freight Segment | $190M+16.6% | $176M+6.0% | $172M+0.6% | $166M-2.4% | $163M-4.1% | |
| Total Federal Express segment | $3.34B+10.2% | $3.27B+11.4% | $3.13B+8.0% | $3.1B+6.9% | $3.03B+4.7% | |
| Operating Income (Loss) by Business | ||||||
| FedEx Freight segment | $8M-96.9% | $90M-71.2% | $360M-18.0% | $477M-5.9% | $261M-23.5% | |
| Total Federal Express segment | $1.57B+21.5% | $1.55B+47.4% | $1.14B+19.4% | $1.59B+21.5% | $1.29B+10.3% | |
| Separation and other costs by Business | ||||||
| FedEx Freight segment | $126M— | $152M— | $9M— | —— | $0— | |
| Total Federal Express segment | $37M— | $18M— | $5M— | —— | $0— | |
| Costs and Expenses by Business | ||||||
| FedEx Freight segment | $1.98B+8.5% | $2.05B+9.9% | $1.9B+0.4% | $1.82B-4.3% | $1.83B-3.9% | |
| Total Federal Express segment | $19.58B+9.5% | $18.88B+6.1% | $17.98B+3.6% | $17.39B-0.4% | $17.89B+2.4% | |
| Intercompany allocations by Business | ||||||
| FedEx Freight segment | $134M-5.6% | $153M+7.0% | $162M+9.5% | $140M+3.1% | $142M+4.6% | |
| Total Federal Express segment | -$206M-3.5% | -$229M-11.7% | -$233M-24.6% | -$200M-17.0% | -$199M-16.4% | |
| Purchased transportation by Business | ||||||
| FedEx Freight segment | $193M-4.5% | $197M0.0% | $201M-1.0% | $205M-6.5% | $202M-7.9% | |
| Total Federal Express segment | $5.67B+9.0% | $5.48B+8.2% | $5.07B+5.7% | $4.91B+1.6% | $5.2B+7.5% | |
| Salaries and employee benefits by Business | ||||||
| FedEx Freight segment | $977M+4.0% | $983M+0.7% | $975M-0.9% | $966M-1.5% | $939M-4.3% | |
| Total Federal Express segment | $7.23B+13.2% | $6.82B+7.8% | $6.52B+5.1% | $6.17B+0.3% | $6.39B+3.9% | |
| Rentals and landing fees by Business | ||||||
| FedEx Freight segment | $74M+2.8% | $76M+5.6% | $74M+4.2% | $72M+2.9% | $72M+2.9% | |
| Total Federal Express segment | $1.06B+5.5% | $1.03B+4.2% | $1.01B+2.7% | $964M-0.2% | $1B+3.8% | |
| Fuel by Business | ||||||
| FedEx Freight segment | $104M-7.1% | $110M-0.9% | $113M-6.6% | $113M-20.8% | $112M-21.5% | |
| Total Federal Express segment | $751M-3.3% | $779M-6.7% | $760M-20.3% | $750M-27.5% | $777M-24.9% | |
| D&A by Business | ||||||
| FedEx Freight segment | $112M-0.9% | $113M+0.9% | $110M0.0% | $81M-19.8% | $113M+11.9% | |
| Total Federal Express segment | $971M+4.9% | $931M+1.4% | $954M+2.0% | $943M+0.5% | $926M-1.3% | |
| CapEx by Business | ||||||
| FedEx Freight segment | $152M+17.8% | $100M-48.7% | $32M-8.6% | $78M-32.3% | $129M+11.9% | |
| Total Federal Express segment | $782M-7.3% | $640M+7.0% | $568M-19.2% | $1.36B+18.5% | $844M-26.5% | |
| Maintenance and repairs by Business | ||||||
| FedEx Freight segment | $73M-14.1% | $89M+1.1% | $81M-1.2% | $77M-6.7% | $85M+3.0% | |
| Total Federal Express segment | $670M-0.3% | $773M+8.1% | $737M+2.5% | $693M-2.7% | $672M-5.6% | |
| REVENUE by Product | ||||||
| International domestic | $1.15B+7.0% | $1.26B+5.6% | $1.14B+2.1% | $1.12B-4.5% | $1.08B-5.4% | |
| International economy | $1.49B+1.6% | $1.51B-4.8% | $1.35B-0.4% | $1.45B+16.2% | $1.47B+32.3% | |
| International priority | $2.36B+12.6% | $2.38B+6.8% | $2.26B+2.4% | $2.2B-9.0% | $2.1B-9.5% | |
| Other | $339M+56.9% | $367M+40.1% | $249M-8.1% | $217M— | $216M— | |
| U.S. deferred | $1.59B+14.7% | $1.4B+16.4% | $1.27B+10.6% | $1.27B+4.5% | $1.39B+5.3% | |
| U.S. ground | $9.86B+9.7% | $9.17B+11.1% | $8.65B+7.4% | $8.59B+5.1% | $8.99B+7.4% | |
| U.S. priority | $2.9B+9.6% | $2.84B+10.9% | $2.77B+6.8% | $2.72B+1.9% | $2.65B+2.0% | |
| U.S. | $297M+3.8% | $304M-20.6% | $303M-46.7% | $298M— | $286M— | |
| Revenue by Product | ||||||
| International economy | $538M+14.5% | $582M+10.0% | $528M+14.0% | $513M— | $470M— | |
| International priority | $627M+13.8% | $617M-3.6% | $595M+13.1% | $603M— | $551M— | |
| REVENUE by Geography | ||||||
| International | $6.56B+8.6% | $6.75B+2.4% | $6.27B+3.1% | $6.3B+4.2% | $6.04B-0.1% | |
| U.S. Plans | $17.45B+8.2% | $16.72B+8.8% | $15.98B+3.1% | $15.92B+0.3% | $16.12B+1.5% |
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.
