FedEx Corporation (FDX) Financials
Key financial figures for FedEx Corporation (Q1 2027).
FedEx's September-quarter (Q3 CY2026, first quarter reported on its new December year end) revenue rose 12% to $22.9 billion with adjusted EPS of $3.74, while GAAP EPS of $1.21 was cut by a $1.2 billion loss on the retained FedEx Freight stake. Calendar-year relabel: FedEx moved its fiscal year end from May 31 to December 31 effective June 1, 2026, and the release reports the quarter as the third quarter of calendar 2026 (three months ended September 30, 2026), all on a continuing-operations basis with FedEx Freight (spun off June 1, 2026) shown as discontinued operations. Prior-year columns are recast, so this quarter is not comparable with the old May-fiscal-year series. Revenue and operating income: Revenue was $22,855 million versus $20,432 million a year earlier (+12%). On the outlook: Calendar 2026 outlook as of October 28, 2026: revenue growth of about 12% year over year (prior forecast about 11%); adjusted diluted EPS from continuing operations of $18.00 to $18.60 (prior $16.90 to $18.10); GAAP diluted EPS from continuing operations of $35.30 to $35.90 (prior $16.55 to $17.75, which excluded Freight-investment mark-to-market and the debt-extinguishment gain); effective tax rate about 22.5% (prior about 23%); pension contributions of $475 million and capital spending of $3.9 billion, both unchanged. Forecasts exclude additional retirement-plan and FedEx Freight investment mark-to-market adjustments. Figures are for Q3 2026, as FedEx Corporation reported them.
- Revenue
- $22.9B
- Net Income
- $290M
- EPS
- $1.23
- Total Assets
- $92.9B
- Operating Cash Flow
- $2.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q1 FY2027 | $22.9B | $290M | $1.21 | 4.67% | $1.5B |
| Q4 FY2026 | $25.0B | $1.6B | $6.60 | 8.35% | $1.8B |
| Q3 FY2026 | $24.0B | $1.1B | $4.41 | 6.73% | $1.0B |
| Q2 FY2026 | $23.5B | $956M | $4.04 | 5.87% | $1.2B |
| Q1 FY2026 | $22.2B | $824M | $3.46 | 5.84% | $1.1B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2026 | $94.7B | $4.4B | $18.55 | 6.99% | $5.1B |
| FY2025 | $87.9B | $4.1B | $16.81 | 6.92% | $3.0B |
| FY2024 | $87.7B | $4.3B | $17.21 | 7.25% | $3.1B |
Frequently asked questions
What was FedEx Corporation's revenue last quarter?
FedEx Corporation reported revenue of $22.86 billion for Q1 FY2027, up 2.7% from the same period a year earlier.
Is FedEx Corporation profitable?
Yes. FedEx Corporation reported net income of $290.0 million for Q1 FY2027, a net margin of 1.27% on revenue.
How has FedEx Corporation's margin trended?
Operating margin was 4.67% in Q1 FY2027, compared with 5.84% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did FedEx Corporation generate?
FedEx Corporation generated free cash flow of $1.46 billion in Q1 FY2027, after capital expenditure.
Full income statement, balance sheet and cash flow for FedEx Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.