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FedEx FDX Total costs & expenses

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Segments

By segment

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Federal Express segment$19.92B+14.5%
FedEx Freight
Segment$2.25B+23.6%

Other financials

Income statement

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Revenue$25.0B+12.5%
Operating income$1.6B-13.5%
Net income$1.6B-3.1%
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$72.73B+41.7%
Enterprise value$102.2B+23.9%
P/E16.4×+3.9×
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:CostsAndExpenses.

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
Business optimization and realignment costs366756582
Goodwill and other asset impairment charges2321157
Other13,99912,96312,654
TOTAL OPERATING EXPENSES89,25782,70982,134
OPERATING INCOME5,4635,2175,559
OTHER INCOME (EXPENSE):
Interest expense(970)(789)(745)
Other retirement plans income885713722

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's total costs & expenses?
FedEx (FDX) reported total costs & expenses of $23.46B in Q1 2026.
How has FedEx's total costs & expenses changed year-over-year?
FedEx's total costs & expenses increased by 14.8% year-over-year, from $20.43B to $23.46B.
What is the long-term trend for FedEx's total costs & expenses?
Over 4 years (2022 to 2026), FedEx's total costs & expenses has grown at a 0.6% compound annual growth rate (CAGR), from $87.27B to $89.26B.
What does total costs & expenses mean?
This represents the aggregate of all operating and non-operating costs incurred by the company to generate revenue during a specific period. It includes items such as labor, transportation, fuel, maintenance, and depreciation. Analyzing this figure provides a comprehensive view of the company's overall cost structure and operational efficiency.

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