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-3.3% | $8.78B-3.5% | $8.82B-5.9% | $8.89B-5.7% | $8.98B-8.0% | |
| Total Federal Express segment | $79.68B+6.1% | $77.71B+4.2% | $76.12B+2.1% | $75.3B+0.9% | $75.12B+0.4% | |
| Other by Business | ||||||
| FedEx Freight Segment | $704M+5.1% | $677M0.0% | $667M-2.1% | $666M-2.1% | $670M-3.8% | |
| Total Federal Express segment | $12.84B+9.1% | $12.53B+7.8% | $12.2B+5.3% | $11.96B+3.3% | $11.76B0.0% | |
| Operating Income (Loss) by Business | ||||||
| FedEx Freight segment | $935M-38.4% | $1.19B-25.7% | $1.41B-20.7% | $1.49B-18.2% | $1.52B-14.3% | |
| Total Federal Express segment | $5.85B+27.0% | $5.57B+24.2% | $5.07B+13.5% | $4.89B+1.4% | $4.6B+0.9% | |
| Costs and Expenses by Business | ||||||
| FedEx Freight segment | $7.75B+3.5% | $7.59B+0.5% | $7.41B-2.4% | $7.4B-2.7% | $7.49B-3.3% | |
| Total Federal Express segment | $73.83B+4.7% | $72.14B+3.0% | $71.05B+1.9% | $70.42B+0.8% | $70.49B+0.3% | |
| Intercompany allocations by Business | ||||||
| FedEx Freight segment | $589M+3.6% | $597M+6.1% | $587M+5.7% | $573M+5.5% | $568.75M+4.8% | |
| Total Federal Express segment | -$868M-13.9% | -$861M-17.3% | -$837M-19.6% | -$791M-15.6% | -$762M-11.2% | |
| Purchased transportation by Business | ||||||
| FedEx Freight segment | $796M-3.1% | $805M-4.0% | $805M-6.5% | $807M-8.0% | $821.25M-11.4% | |
| Total Federal Express segment | $21.13B+6.2% | $20.66B+5.8% | $20.25B+4.9% | $19.97B+3.3% | $19.9B+2.5% | |
| Salaries and employee benefits by Business | ||||||
| FedEx Freight segment | $3.9B+0.5% | $3.86B-1.5% | $3.86B-1.8% | $3.87B-1.5% | $3.88B-1.9% | |
| Total Federal Express segment | $26.74B+6.7% | $25.9B+4.3% | $25.41B+3.0% | $25.09B+2.0% | $25.07B+2.0% | |
| Rentals and landing fees by Business | ||||||
| FedEx Freight segment | $296M+3.9% | $294M+3.9% | $290M+3.2% | $287M+2.5% | $285M+2.8% | |
| Total Federal Express segment | $4.06B+3.1% | $4.01B+2.6% | $3.97B+2.1% | $3.94B+2.0% | $3.94B+0.9% | |
| Fuel by Business | ||||||
| FedEx Freight segment | $440M-9.6% | $448M-13.4% | $449M-18.3% | $457M-20.0% | $486.75M-20.9% | |
| Total Federal Express segment | $3.04B-15.6% | $3.07B-20.5% | $3.12B-23.0% | $3.32B-19.8% | $3.6B-18.0% | |
| D&A by Business | ||||||
| FedEx Freight segment | $416M-4.6% | $417M-1.7% | $416M+0.7% | $416M+3.0% | $436M+9.1% | |
| Total Federal Express segment | $3.8B+2.2% | $3.75B+0.6% | $3.74B-0.3% | $3.72B-0.9% | $3.72B-0.3% | |
| CapEx by Business | ||||||
| FedEx Freight segment | $362M-23.7% | $339M-26.4% | $434M+14.0% | $437M-5.2% | $474.25M-2.2% | |
| Total Federal Express segment | $3.35B+1.7% | $3.41B-5.1% | $3.37B-18.7% | $3.51B-23.7% | $3.29B-31.6% | |
| Maintenance and repairs by Business | ||||||
| FedEx Freight segment | $320M-5.2% | $332M-0.9% | $331M+0.5% | $332M+0.6% | $337.5M+3.1% | |
| Total Federal Express segment | $2.87B+2.0% | $2.88B+0.6% | $2.82B-1.3% | $2.8B-1.7% | $2.82B-1.6% | |
| REVENUE by Product | ||||||
| International domestic | $4.66B+2.5% | $4.59B-0.5% | $4.52B-2.4% | $4.5B-3.5% | $4.55B-9.6% | |
| International economy | $5.8B+2.5% | $5.78B+9.0% | $5.86B+19.6% | $5.86B+26.0% | $5.66B+23.1% | |
| International priority | $9.21B+2.8% | $8.94B-2.5% | $8.79B-5.8% | $8.74B-7.6% | $8.95B-7.6% | |
| Other | $1.17B— | $1.05B— | $944M— | $966M— | —— | |
| U.S. deferred | $5.53B+11.7% | $5.33B+9.1% | $5.13B+4.9% | $5.01B+1.6% | $4.95B0.0% | |
| U.S. ground | $36.28B+8.4% | $35.4B+7.8% | $34.49B+4.8% | $33.89B+2.7% | $33.47B+1.8% | |
| U.S. priority | $11.23B+7.3% | $10.98B+5.3% | $10.7B+2.2% | $10.52B-0.2% | $10.47B-1.2% | |
| U.S. | $1.2B— | $1.19B— | $1.27B— | $1.54B— | —— | |
| Revenue by Product | ||||||
| International economy | $2.16B— | $2.09B— | $2.04B— | $1.98B— | —— | |
| International priority | $2.44B— | $2.37B— | $2.39B— | $2.32B— | —— | |
| REVENUE by Geography | ||||||
| International | $25.87B+4.5% | $25.35B+2.4% | $25.2B+4.1% | $25.01B+3.5% | $24.75B+1.3% | |
| U.S. Plans | $66.06B+5.1% | $64.74B+3.4% | $63.4B+0.4% | $62.92B-1.0% | $62.87B-1.6% |
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.
