FedEx (FDX) FY2026 results: revenue $94.7 billion, up 7.7% on the year

FedEx Corporation was incorporated in Delaware on 2 October 1997 as the parent holding company of the group, which provides transportation, e-commerce and business services worldwide through an integrated air-ground network. Federal Express pioneered the express transportation industry in 1973 and now serves more than 220 countries and territories. Effective 1 June 2026 the company changed its financial year end from 31 May to 31 December, and the filing states that it will report a seven-month transition period to 31 December 2026 before moving to calendar years from 2027. In December 2024 the board decided to separate the less-than-truckload freight business, and on 1 June 2026 shareholders received one FedEx Freight share for every two FedEx shares, a distribution of 80.1% of that company, with 19.9% retained, so FedEx Freight is no longer consolidated or a reportable segment. From that date there are two reportable segments, Express U.S. Domestic and Express International, previously combined as Federal Express, with everything else in Corporate, other and eliminations.

Express U.S. Domestic

The segment offers three overnight package services, First Overnight, Priority Overnight and Standard Overnight, and three deferred services, 2Day, 2Day AM and Express Saver, plus SameDay service every day of the year across all 50 states for urgent shipments up to 150 pounds, and overnight and deferred freight services. Day-definite business and residential delivery of packages up to 150 pounds runs through FedEx Ground Commercial and FedEx Home Delivery, reaching the whole continental United States population, 99% of it on Saturdays and nearly two-thirds on Sundays, with an economy service for high volumes of low-weight, less time-sensitive business-to-consumer packages. The largest sorting facility, at Memphis, Tennessee, is the centre of the hub-and-spoke system and the worldwide air network, with a second national air hub at Indianapolis, both being modernised, regional air hubs at Fort Worth, Newark and Oakland, metropolitan sorting facilities at Chicago, Los Angeles and Atlanta, and approximately 1,200 facilities supporting surface operations.

Express International

The segment connects markets generating more than 99% of world gross domestic product, with package delivery to more than 220 countries and territories and a money-back guarantee on package services. International Economy delivers typically in two to five business days, International First delivers to select postal codes in more than 25 countries and territories with early morning windows, International Priority delivers end-of-day in one to three business days to more than 220 countries and territories, and International Priority Express delivers midday in one to three days to more than 30. Domestic pickup and delivery also runs inside certain other countries, including Canada, Australia, France, the United Kingdom, Italy, Mexico, Germany, Poland, Chile, China, Brazil, India and Southern Africa, alongside international express and deferred freight, real-time tracking and customs clearance. FedEx Logistics, which provides customs brokerage and global ocean and air freight forwarding, moved into this segment from Corporate.

The network

At 31 May 2026 Federal Express had approximately 84,000 drop-off locations, 700 aircraft and over 180,000 motorised vehicles, and it contracts with approximately 5,300 independent small businesses for certain linehaul and pickup-and-delivery work. Drop-off points include FedEx Office stores, unstaffed drop boxes in office buildings, shopping centres and industrial parks, and in-store sites at more than 15,000 Walgreens and Dollar General locations. Jet fuel is bought at market prices under contracts of differing length that set estimated volumes, with no hedging contracts; it was 3.2% of consolidated revenue in each of fiscal 2026 and 2025.

Corporate and other

FedEx Dataworks, based in Memphis with approximately 200 employees, centralises data onto a single enterprise platform intended to work as a decision engine across customers' supply chains. FedEx Office provides document and business services and retail access to the transportation businesses through retail stores, locations inside Walmart stores, manufacturing plants and on-site centres at colleges, hotels, convention centres and corporate and healthcare campuses. FedEx Supply Chain offers integrated supply chain management.

People

Federal Express employed approximately 452,000 people at 31 May 2026, approximately 233,000 permanent full-time and approximately 219,000 permanent part-time. Its pilots, a small share of the total, are represented by the Air Line Pilots Association under a collective bargaining agreement ratified on 9 June 2026 after several years of bargaining under the Railway Labor Act, which took effect on 29 June 2026 and becomes amendable in December 2030. Certain employees outside the United States are also unionised.

From FedEx's annual report on Form 10-K for the year ended 31 May 2026. The filing

Written from the 10-K filed 20 July 2026: read the full 10-K.