FedEx Q3 FY26: where the revenue came from and where it went
The whole income statement of FedEx for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Dec 1, 2025 – Feb 28, 2026
- Reported
- Mar 19, 2026
Revenue$24.0B
+8% year over year
Operating profit$1.3B
5% margin
Net profit$1.1B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 24.0 | 100% | +8% |
| US | 17.4 | 73% | +8% |
| Non US | 6.6 | 27% | +9% |
| Operating expenses | −22.7 | 95% | |
| Salaries and employee benefits | −8.9 | 37% | +0pp |
| Purchased transportation | −6.1 | 25% | +0pp |
| Other | −3.5 | 15% | +0pp |
| Rentals and landing fees | −1.2 | 5% | +0pp |
| Depreciation and amortization | −1.1 | 5% | +0pp |
| Other | −1.9 | 8% | +0pp |
| Operating profit | 1.3 | 5% margin | +0pp |
| Tax | −0.2 | ||
| Net profit | 1.1 | 4% margin | +0pp |
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