FedEx Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2022 | 2023 | 2024 | 2025 | 2026 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 93.51B | 90.16B | 87.69B | 87.93B | 94.72B | 7.7% | |
| Cost of Revenue | (73.34B) | (70.99B) | (68.74B) | (68.93B) | (74.10B) | 7.5% | |
Gross Profit | 20.17B | 19.17B | 18.95B | 19.00B | 20.62B | 8.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (13.64B) | (13.83B) | (12.60B) | (12.91B) | — | -100.0% | |
| Depreciation & Amortization | (3.97B) | (4.18B) | (4.29B) | (4.26B) | (4.37B) | 2.5% | |
Operating Income (EBIT) | 6.52B | 5.34B | 6.36B | 6.08B | 6.62B | 8.9% | |
| Non-Operating Items | |||||||
| Interest Income | 53.00M | 198.00M | 370.00M | 363.00M | — | -100.0% | |
| Interest Expense | (689.00M) | (694.00M) | (745.00M) | (789.00M) | (533.00M) | -32.4% | |
| Other Income/Expenses (Net) | -1.63B | 25.00M | -519.00M | -641.00M | -830.00M | 29.5% | |
Income Before Tax | 4.90B | 5.36B | 5.84B | 5.44B | 5.79B | 6.5% | |
| Income Tax Expense | (1.07B) | (1.39B) | (1.50B) | (1.35B) | (1.36B) | 0.8% | |
Net Income | 3.83B | 3.97B | 4.33B | 4.09B | 4.43B | 8.3% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $15 | $16 | $17 | $17 | $19 | 9.4% | |
| Weighted Avg Shares Outstanding | 263.00M | 254.00M | 248.00M | 243.00M | 239.00M | -1.6% | |
| Weighted Avg Shares Outstanding (Diluted) | 266.00M | 256.00M | 251.00M | 243.00M | 239.00M | -1.6% | |
EBITDA | 9.55B | 10.23B | 10.87B | 10.49B | 10.99B | 4.7% |
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