FedEx Q4 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
- Mar 1 – May 31, 2026
- Reported
- Jul 20, 2026
Revenue$25.0B
+13% year over year
Operating profit$2.1B
8% margin
Net profit−$2.8B
−11% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 25.0 | 100% | +13% |
| US | 17.8 | 71% | +12% |
| Non US | 7.2 | 29% | +14% |
| Operating expenses | −22.9 | 92% | |
| Compensation | −8.6 | 34% | +0pp |
| D&A | −1.1 | 5% | +0pp |
| Underwriting | −3.6 | 14% | −1pp |
| Other | −9.7 | 39% | +0pp |
| Operating profit | 2.1 | 8% margin | −2pp |
| Interest & other costs | −4.4 | ||
| Tax | −0.5 | ||
| Net profit | −2.8 | −11% margin | +0pp |
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