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FedEx (FDX) Q1 FY2027 earnings: revenue $22.9 billion

FedEx Corp. (FDX) reported revenue of $22.9 billion for Q1 FY2027, the quarter ended 30 September 2026. Net income was $290 million, and diluted earnings per share $1.21. The figures are the company's own, from the 10-Q it filed with the SEC on 28 October 2026.

Revenue$22.9 billion
Net income$290 million
Diluted EPS$1.21
QuarterQ1 FY2027ended 30 September 2026

The quarter, against the one before and a year earlier

LineQ1 FY2027Q3 FY2026A year earlierChange on the year
Revenue22,85524,000n/an/a
Operating income1,0671,348n/an/a
Operating margin4.7%5.6%n/a
Pre-tax income4241,263n/an/a
Income tax134207n/an/a
Effective tax rate31.6%16.4%n/a
Net income2901,056n/an/a
Net margin1.3%4.4%n/a
Diluted EPS$1.21$4.41n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2027Q3 FY2026A year earlierChange on the year
Operating cash flown/a1,993n/an/a
Capital expendituren/a955n/an/a
Free cash flown/a1,038n/an/a
Free cash flow marginn/a4.3%n/a
Cash from investingn/a-955n/an/a
Cash from financingn/a3,968n/an/a
Depreciation and amortisation9671,112n/an/a
Share-based compensation37.038.0n/an/a
Buybacksn/a0.0n/an/a
Dividends paidn/a341n/an/a
Dividend per share$1.22$1.45n/an/a
Diluted shares, weighted239m239mn/an/a
Shares outstanding at period end234m239mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2027Q3 FY2026A year earlierChange on the year
Shareholders' equity34,56829,804n/an/a
Debt17,30425,253n/an/a
Operating lease liabilities12,26214,145n/an/a
Other liabilities28,79225,531n/an/a
Total liabilities and equity92,92694,733n/an/a
Fixed assets39,68641,539n/an/a
Goodwill11,3296,758n/an/a
Investments3,254n/an/an/a
Cash and equivalents7,9618,008n/an/a
Receivables10,88611,807n/an/a
Other assets19,81026,621n/an/a
Total assets92,92694,733n/an/a

Questions

What was FedEx's revenue in Q1 FY2027?

FedEx (FDX) reported revenue of $22.9 billion for Q1 FY2027, the quarter ended 30 September 2026.

How much did FedEx earn in Q1 FY2027?

Net income for Q1 FY2027 was $290 million, and diluted earnings per share $1.21.

When did FedEx report Q1 FY2027 results?

FedEx filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 28 October 2026.

Quarterly results, the last 20 quarters

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q1 FY2027
Revenue22,00323,47423,64124,39423,24222,81422,16921,93021,68122,16521,73822,10921,57921,96722,16022,22022,24423,46924,00022,855
Operating income1,3981,5971,3261,9241,1911,1761,0421,5031,4851,2761,2431,5551,0801,0521,2921,7931,1861,3781,3481,067
Operating margin6%7%6%8%5%5%5%7%7%6%6%7%5%5%6%8%5%6%6%5%
Pre-tax income1,4571,3801,3756841,1541,0591,0222,1281,4231,2021,1832,0281,0569811,1812,2231,1341,2891,263424
Tax rate24%24%19%18%24%26%25%28%24%25%26%27%25%24%23%26%27%26%16%32%
Net income1,1121,0441,1125588757887711,5381,0789008791,4747947419091,6488249561,056290
Net margin5%4%5%2%4%3%3%7%5%4%4%7%4%3%4%7%4%4%4%1%
Diluted EPS$4.09$3.88$4.20$2.16$3.33$3.07$3.05$6.05$4.23$3.55$3.51$5.94$3.21$3.03$3.76$6.88$3.46$4.04$4.41$1.21
Operating cash flow2,0841,9982,2483,5021,6071,5182,2763,4472,2301,7741,6102,6981,1871,3182,0122,5191,7161,9511,993n/a
Capital expenditure1,5701,5731,2362,3841,2841,8581,2781,7541,2901,3051,3791,2027678189971,473623757955n/a
Free cash flow5144251,0121,118323-3409981,6939404692311,4964205001,0151,0461,0931,1941,038n/a
Buybacks5491991,5000.00.01,5000.00.05005001,0005001,0001,0204975005002960.0n/a
Dividends paid200200198195299299290289318317314310339337332331345342341n/a
Shares outstanding266m265m259m260m260m252m251m251m251m250m246m244m244m241m240m236m236m235m239m234m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 28 October 2026: the filing.