FEDEX CORP

FDX 10-Q · Q3 2026

FDX Q3 2026 request

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Income Statement

Income Statement
Metric Q3 2026 Q3 2025 YoY
Revenue 24,000 22,160 +8.3%
Show Product Lines breakouts
International domestic · Total Federal Express segment 1,153 1,078 +7.0%
International economy · Total Federal Express segment 538 470 +14.5%
International economy · Total Federal Express segment 1,488 1,465 +1.6%
International priority · Total Federal Express segment 627 551 +13.8%
International priority · Total Federal Express segment 2,361 2,097 +12.6%
Other · Total Federal Express segment 339 216 +56.9%
Total freight revenue · Total Federal Express segment 1,462 1,307 +11.9%
Total international export package revenue · Total Federal Express segment 3,849 3,562 +8.1%
Total package revenue · Total Federal Express segment 19,353 17,658 +9.6%
Total U.S. domestic package revenue · Total Federal Express segment 14,351 13,018 +10.2%
U.S. deferred · Total Federal Express segment 1,590 1,386 +14.7%
U.S. ground · Total Federal Express segment 9,860 8,986 +9.7%
U.S. priority · Total Federal Express segment 2,901 2,646 +9.6%
U.S. · Total Federal Express segment 297 286 +3.8%
Show Business Segments breakouts
FedEx Freight segment · Non Us 55 58 -5.2%
FedEx Freight segment · Operating Segments 1,991 2,089 -4.7%
Other · Non Us 235 229 +2.6%
Total Federal Express and FedEx Freight revenue · Operating Segments 23,145 21,270 +8.8%
Total Federal Express segment · Non Us 6,265 5,750 +9.0%
Total Federal Express segment · Operating Segments 21,154 19,181 +10.3%
Show Geography breakouts
Non Us 6,555 6,037 +8.6%
US 17,445 16,123 +8.2%
Show Consolidation Items breakouts
Corporate, Other, and Eliminations 855 890 -3.9%
Other and eliminations 855 890 -3.9%
Labor And Related Expense 8,819 7,879 +11.9%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 977 939 +4.0%
Total Federal Express segment · Operating Segments 7,231 6,390 +13.2%
Purchased Transportation Costs 6,084 5,634 +8.0%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 193 202 -4.5%
Total Federal Express segment · Operating Segments 5,665 5,196 +9.0%
Rentals And Landing Fees 1,235 1,178 +4.8%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 74 72 +2.8%
Total Federal Express segment · Operating Segments 1,057 1,002 +5.5%
Depreciation & Amortization 1,112 1,066 +4.3%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 112 113 -0.9%
Total Federal Express segment · Operating Segments 971 926 +4.9%
Fuel Costs 856 889 -3.7%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 104 112 -7.1%
Total Federal Express segment · Operating Segments 751 777 -3.3%
Cost Of Property Repairs And Maintenance 771 783 -1.5%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 73 85 -14.1%
Total Federal Express segment · Operating Segments 670 672 -0.3%
Separation And Other Costs 202 5 +3940.0%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 126
Total Federal Express segment · Operating Segments 37
Business Optimization Costs 65 179 -63.7%
Show Business Segments breakouts
Total Federal Express segment · Operating Segments 67 92 -27.2%
Show Business Optimization Description [Axis] breakouts
International Operational Transformation Programs 16
Other Cost And Expense Operating 3,508 3,255 +7.8%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 190 163 +16.6%
Total Federal Express segment · Operating Segments 3,339 3,031 +10.2%
Total Costs & Expenses 22,652 20,868 +8.5%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 1,983 1,828 +8.5%
Total Federal Express segment · Operating Segments 19,582 17,887 +9.5%
Operating Income 1,348 1,292 +4.3%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 8 261 -96.9%
Total Federal Express and FedEx Freight revenue · Operating Segments 1,580 1,555 +1.6%
Total Federal Express segment · Operating Segments 1,572 1,294 +21.5%
Show Consolidation Items breakouts
Corporate, Other, and Eliminations -232 -263 +11.8%
Interest Income Expense Nonoperating Net -138 -116 -19.0%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component 59 50 +18.0%
Other Non-Operating Income (Expense) -6 -45 +86.7%
Non-Operating Income (Expense) -85 -111 +23.4%
Income Before Taxes 1,263 1,181 +6.9%
Income Tax Expense (Benefit) 207 272 -23.9%
Net Income 1,056 909 +16.2%
Show Equity Components breakouts
Retained Earnings 1,056 909 +16.2%
EPS (Basic) 4.46 3.79 +17.7%
EPS (Diluted) 4.41 3.76 +17.3%
Common Stock Dividends Per Share Declared 1.45 1.38 +5.1%
Comprehensive Income 1,250 925 +35.1%
Other Comprehensive Income 194 16 +1112.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 194 16 +1112.5%
Wtd Avg Shares (Basic) 236 240 -1.7%
Wtd Avg Shares (Diluted) 239 242 -1.2%
Net Income Loss Available To Common Stockholders Basic 1,054 908 +16.1%

Balance Sheet

Balance Sheet
Metric Q3 2026 Q3 2025 YoY
Current Assets
Cash & Cash Equivalents 8,008 5,135 +55.9%
Restricted Cash Current 3,680
Receivables Net Current 11,807 10,230 +15.4%
Spare Parts Supplies And Fuel Less Allowances 631 617 +2.3%
Prepaid Expenses & Other Current Assets 1,351 1,232 +9.7%
Total Current Assets 25,477 17,214 +48.0%
Non-Current Assets
Property, Plant & Equipment 41,539 40,964 +1.4%
Operating Lease Right-of-Use Assets 16,391 16,468 -0.5%
Goodwill 6,758 6,332 +6.7%
Other Non-Current Assets 4,568 4,065 +12.4%
Total Assets 94,733 85,043 +11.4%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments 17,425 12,479 +39.6%
Total Federal Express segment · Operating Segments 74,570 72,252 +3.2%
Show Consolidation Items breakouts
Corporate, Other, and Eliminations 2,738 312 +777.6%
Other Assets
Property Plant And Equipment Gross 90,106 86,565 +4.1%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 48,567 45,601 +6.5%
Other Long Term Assets Noncurrent Excluding Property And Equipment 27,717 26,865 +3.2%
Current Liabilities
Long Term Debt And Capital Lease Obligations Current 2,422 611 +296.4%
Employee Related Liabilities Current 3,079 2,601 +18.4%
Accounts Payable 4,154 3,604 +15.3%
Operating Lease Liability Current 2,624 2,524 +4.0%
Accrued Liabilities 5,008 4,556 +9.9%
Total Current Liabilities 17,287 13,896 +24.4%
Deferred Revenue (Current) 22 23 -4.3%
Non-Current Liabilities
Deferred Tax Liabilities 3,841 4,308 -10.8%
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent 1,682 1,664 +1.1%
Self Insurance Reserve Noncurrent 4,320 3,914 +10.4%
Operating Lease Liabilities 14,145 14,366 -1.5%
Other Non-Current Liabilities 823 657 +25.3%
Liabilities Other Than Longterm Debt Noncurrent 24,811 24,909 -0.4%
Other Liabilities
Long Term Debt And Capital Lease Obligations 22,831 19,530 +16.9%
Stockholders' Equity
Common Stock 32 32 0.0%
Additional Paid In Capital Common Stock 4,614 4,245 +8.7%
Retained Earnings 42,864 39,754 +7.8%
Accumulated Other Comprehensive Income -1,220 -1,499 +18.6%
Treasury Stock Value -16,486 -15,824 -4.2%
Total Stockholders' Equity 29,804 26,708 +11.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 52 58 -10.3%
Accumulated Other Comprehensive Income -1,220 -1,499 +18.6%
Accumulated Translation Adjustment -1,272 -1,557 +18.3%
Additional Paid In Capital 4,614 4,245 +8.7%
Common Stock 32 32 0.0%
Retained Earnings 42,864 39,754 +7.8%
Treasury Stock Common -16,486 -15,824 -4.2%
Total Liabilities & Equity 94,733 85,043 +11.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2026 YTD Q3 2025 YoY
Operating Activities
Provision For Doubtful Accounts 694 382 +81.7%
Other Non-Cash Items 2,197 2,353 -6.6%
Stock-Based Compensation 136 116 +17.2%
Separation And Other Costs Net Of Payments 129 4 +3125.0%
Business Optimization Costs Net Of Payments -129 114 -213.2%
Increase Decrease In Receivables -1,090 -692 -57.5%
Increase Decrease In Other Operating Assets -241 -68 -254.4%
Increase Decrease In Accounts Payable And Accrued Liabilities -2,144 -3,387 +36.7%
Net Cash from Operations 5,660 4,517 +25.3%
Investing Activities
Payments To Acquire Productive Assets -2,335 -2,582 +9.6%
Show Business Segments breakouts
FedEx Freight segment · Operating Segments -284 -359 +20.9%
Total Federal Express segment · Operating Segments -1,990 -2,145 +7.2%
Show Consolidation Items breakouts
Corporate, Other, and Eliminations -61 -78 +21.8%
Payments To Acquire Investments -427 -197 -116.8%
Proceeds From Sale Maturity And Collections Of Investments 254 77 +229.9%
Proceeds From Sale Of Property Plant And Equipment 73 42 +73.8%
Net Cash from Investing -2,435 -2,660 +8.5%
Financing Activities
Proceeds From Issuance Of Debt 4,689
Repayments Of Long Term Debt And Capital Securities -714 -89 -702.2%
Proceeds From Issuance Or Sale Of Equity 774 472 +64.0%
Payments Of Dividends -1,028 -1,008 -2.0%
Share Repurchases -796 -2,517 +68.4%
Show Share Repurchase Program breakouts
Accelerated Share Repurchase Agreement -776 -2.5 -30940.0%
Proceeds From Payments For Other Financing Activities -49 -30 -63.3%
Net Cash from Financing 2,876 -3,172 +190.7%
Supplemental
Income Taxes Paid 1,509 1,197 +26.1%
Interest Paid 631 582 +8.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 85 -51 +266.7%
Net Change in Cash 6,186 -1,366 +552.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 11,688 5,135 +127.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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