FEDEX CORP

For the period ended Nov 30, 2025. Filed Dec 18, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 30, 2025 · Filed Dec 18, 2025

FDX$319.48+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Income

(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

	Three Months Ended		Six Months Ended
	November 30, 2025	November 30, 2024	November 30, 2025	November 30, 2024
REVENUE	$23,469	$21,967	$45,713	$43,546
OPERATING EXPENSES:
Salaries and employee benefits	8,395	7,879	16,457	15,664
Purchased transportation	5,885	5,500	11,373	10,775
Rentals and landing fees	1,211	1,168	2,403	2,329
Depreciation and amortization	1,068	1,063	2,160	2,141
Fuel	889	947	1,762	2,022
Maintenance and repairs	889	831	1,732	1,660
Separation and other costs	213	—	258	—
Business optimization costs	30	326	97	454
Other	3,511	3,201	6,907	6,369
	22,091	20,915	43,149	41,414
OPERATING INCOME	1,378	1,052	2,564	2,132
OTHER (EXPENSE) INCOME:
Interest, net	(135)	(102)	(254)	(186)
Other retirement plans, net	59	50	119	99
Other, net	(13)	(19)	(6)	(8)
	(89)	(71)	(141)	(95)
INCOME BEFORE INCOME TAXES	1,289	981	2,423	2,037
PROVISION FOR INCOME TAXES	333	240	643	502
NET INCOME	$956	$741	$1,780	$1,535
EARNINGS PER COMMON SHARE:
Basic	$4.07	$3.06	$7.55	$6.30
Diluted	$4.04	$3.03	$7.50	$6.24
DIVIDENDS DECLARED PER COMMON SHARE	$1.45	$1.38	$4.35	$4.14

-5-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.