FEDEX CORP
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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.
Sep 30, 2026 · Filed Oct 28, 2026
FDX$319.48+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
| Three Months Ended | Four Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| REVENUE | $22,855 | $20,432 | $30,642 | $26,894 |
| OPERATING EXPENSES: | ||||
| Salaries and employee benefits | 7,434 | 7,078 | 9,984 | 9,409 |
| Purchased transportation | 6,455 | 5,419 | 8,565 | 7,107 |
| Rentals and landing fees | 1,183 | 1,129 | 1,577 | 1,494 |
| Fuel | 1,270 | 774 | 1,676 | 1,009 |
| Depreciation and amortization | 967 | 972 | 1,290 | 1,302 |
| Maintenance and repairs | 794 | 784 | 1,057 | 1,039 |
| Other, net | 3,685 | 3,304 | 4,882 | 4,405 |
| Total Operating Expenses | 21,788 | 19,460 | 29,031 | 25,765 |
| OPERATING INCOME | 1,067 | 972 | 1,611 | 1,129 |
| OTHER (EXPENSE) INCOME: | ||||
| Gain (loss) on short-term investment | (1,238) | — | 3,254 | — |
| Interest, net | (66) | (125) | (89) | (166) |
| Other non-operating, net | 661 | 67 | 860 | 82 |
| Total Other (Expense) Income | (643) | (58) | 4,025 | (84) |
| INCOME BEFORE INCOME TAXES | 424 | 914 | 5,636 | 1,045 |
| PROVISION FOR INCOME TAXES | 134 | 269 | 305 | 299 |
| INCOME FROM CONTINUING OPERATIONS | 290 | 645 | 5,331 | 746 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES | — | 275 | — | 391 |
| NET INCOME | $290 | $920 | $5,331 | $1,137 |
| Continuing operations | $1.23 | $2.74 | $22.53 | $3.16 |
| Discontinued operations | — | 1.16 | — | 1.65 |
| BASIC EARNINGS PER COMMON SHARE | $1.23 | $3.90 | $22.53 | $4.81 |
| Continuing operations | $1.21 | $2.73 | $22.21 | $3.14 |
| Discontinued operations | — | 1.16 | — | 1.64 |
| DILUTED EARNINGS PER COMMON SHARE | $1.21 | $3.89 | $22.21 | $4.78 |
| DIVIDENDS DECLARED PER COMMON SHARE | $1.22 | $1.45 | $2.44 | $2.90 |
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