Industrials · Air Freight & Logistics
FedEx: revenue, profit and dividends
In fiscal 2026, FedEx had revenue of $94.7B, up 6.5% a year on average since 2016, and net income of $4.43B (4.7% of revenue). It paid a dividend of $5.80 a share. It has 14% fewer shares than in 2016.
Revenue, fiscal 2026
average annual revenue growth since 2016 · +7.7% vs 2025
- Ticker
- FDX · NYSE
- Sector
- Industrials
- Sub-industry
- Air Freight & Logistics
- Headquarters
- Memphis, Tennessee
- Founded
- 1971
- In the S&P 500 since
- December 31, 1980
- Latest fiscal year
- 2026, ended May 31, 2026
- SEC filer
- Fedex Corp · CIK 0001048911
Revenue and net income
Revenue went from $38B in 2008 to $94.7B in 2026.
Diluted earnings per share
Diluted EPS went from $0.31 in 2009 to $18.55 in 2026. Ten-year growth: 11.0% a year.
Dividends per share
Raised 2 years in a row, every year from 2025 to 2026. Ten-year growth: 19.2% a year.
Shares outstanding
14.3% fewer shares in 2026 than in 2016 (279M → 239M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $5.12B in 2026, 5.4% of revenue. Negative in 2017–2018, 2020.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $94.7B | $4.43B | 4.7% | $18.55 | $5.80 | 239M | $8.93B | $3.81B | $5.12B |
| 2025 | $87.9B | $4.09B | 4.7% | $16.81 | $5.52 | 243M | $7.04B | $4.05B | $2.98B |
| 2024 | $87.7B | $4.33B | 4.9% | $17.21 | $3.78 | 251M | $8.31B | $5.18B | $3.14B |
| 2023 | $90.2B | $3.97B | 4.4% | $15.48 | $5.86 | 256M | $8.85B | $6.17B | $2.67B |
| 2022 | $93.5B | $3.83B | 4.1% | $14.33 | $3.00 | 266M | $9.83B | $6.76B | $3.07B |
| 2021 | $84B | $5.23B | 6.2% | $19.45 | $2.60 | 268M | $10.1B | $5.88B | $4.25B |
| 2020 | $69.2B | $1.29B | 1.9% | $4.90 | $2.60 | 262M | $5.1B | $5.87B | −$771M |
| 2019 | $69.7B | $540M | 0.8% | $2.03 | $2.60 | 265M | $5.61B | $5.49B | $123M |
| 2018 | $65.5B | $4.57B | 7.0% | $16.79 | $2.00 | 272M | $4.67B | $5.66B | −$989M |
| 2017 | $60.3B | $3.0B | 5.0% | $11.07 | $1.60 | 270M | $4.93B | $5.12B | −$186M |
| 2016 | $50.4B | $1.82B | 3.6% | $6.51 | $1.00 | 279M | $5.71B | $4.82B | $890M |
| 2015 | $47.5B | $1.05B | 2.2% | $3.65 | $0.80 | 287M | $5.37B | $4.35B | $1.02B |
| 2014 | $45.6B | $2.32B | 5.1% | $7.48 | $0.60 | 310M | $4.26B | $3.53B | $731M |
| 2013 | $44.3B | $2.72B | 6.1% | $8.55 | $0.56 | 317M | $4.69B | $3.38B | $1.31B |
| 2012 | $42.7B | $2.03B | 4.8% | $6.41 | $0.52 | 317M | $4.83B | $4.01B | $828M |
| 2011 | $39.3B | $1.45B | 3.7% | $4.57 | $0.48 | 317M | $4.04B | $3.43B | $607M |
| 2010 | $34.7B | $1.18B | 3.4% | $3.76 | — | 314M | $3.14B | $2.82B | $322M |
| 2009 | $35.5B | $98M | 0.3% | $0.31 | — | 312M | $2.75B | $2.46B | $294M |
| 2008 | $38B | $1.12B | 3.0% | — | — | — | $3.46B | $2.95B | $518M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Air Freight & Logistics companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.