FINHUB Insights

FDX · Q2 FY26 · Sep 1 – Nov 30, 2025

FedEx Q2 FY26: where the revenue came from and where it went

FedEx Q2 FY26: revenue $23.5B (+7% year over year). Net profit $1.0B. Largest cohort US $16.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 1 – Nov 30, 2025
Reported
Dec 18, 2025 10-Q
Sankey diagram of FedEx's income statement for Q2 FY26: revenue of $23.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$23.5B +7% year over year
Operating profit$1.3B 5% margin
Net profit$1.0B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Nov 30, 2025).
ItemValueShare of revenueYear over year
Revenue 23.5 100% +7%
US 16.7 71% +9%
Non US 6.7 29% +2%
Salaries and employee benefits−8.536%+0pp
Purchased transportation−5.925%+0pp
Other−3.515%+0pp
Rentals and landing fees−1.25%+0pp
Depreciation and amortization−1.15%+0pp
Other−2.08%+0pp
Operating profit1.35% margin+1pp
Tax−0.3
Net profit1.04%+1pp
Filing on EDGAR More quarters of FDX

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.