Direct Answer
FedEx reported revenue of $94.7 billion for the fiscal year ended May 31, 2026, with an operating margin of 5.8% and net income of $4,433, according to its SEC filings. Revenue grew 7.7% from the prior year.
What Are FedEx's Key Financial Figures?
| Fiscal year | FY2026 ended May 31, 2026 | FY2025 ended May 31, 2025 | FY2024 ended May 31, 2024 | FY2023 ended May 31, 2023 |
|---|---|---|---|---|
| Revenue | $94.7 billion | $87.9 billion | $87.7 billion | $90.2 billion |
| Operating income | $5.5 billion | $5.2 billion | $5.6 billion | $4.9 billion |
| Operating margin | 5.8% | 5.9% | 6.3% | 5.4% |
| Net income | $4,433 | $4,092 | $4,331 | $3,972 |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow | $8.9 billion | $7.0 billion | $8.3 billion | $8.8 billion |
| Capital expenditures | $3.8 billion | $4.1 billion | $5.2 billion | $6.2 billion |
| Free cash flow | $5.1 billion | $3.0 billion | $3.1 billion | $2.7 billion |
Operating margin held roughly steady between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $5.1 billion against net income of $4,433; cash generation covered reported earnings.
What Does FedEx's Balance Sheet Show?
| Cash and cash equivalents | $13.3 billion |
|---|---|
| Long-term debt | $23.3 billion |
| Total assets | $98.9 billion |
| Total liabilities | Not reported |
| Shareholders' equity | $31.6 billion |
| Current ratio | 1.5x |
Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value FedEx reported in its own SEC filings, read from the SEC's XBRL data (accession 0001048911-26-000105 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was FedEx's revenue in fiscal 2026?
FedEx reported revenue of $94.7 billion for the fiscal year ended May 31, 2026, according to its SEC filings.
What is FedEx's operating margin?
FedEx's operating margin was 5.8% in fiscal 2026: operating income of $5.5 billion on revenue of $94.7 billion.
How much free cash flow did FedEx generate?
Operating cash flow of $8.9 billion less capital expenditures of $3.8 billion gives free cash flow of $5.1 billion for fiscal 2026.