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
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Note
NOTE 13: SUPPLEMENTAL FINANCIAL INFORMATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| One Month Ended | ||
|---|---|---|
| June 30, 2026 | June 30, 2025 | |
| REVENUE | $7,787 | $6,462 |
| OPERATING EXPENSES: | ||
| Salaries and employee benefits | 2,550 | 2,331 |
| Purchased transportation | 2,110 | 1,688 |
| Rentals and landing fees | 394 | 365 |
| Fuel | 406 | 235 |
| Depreciation and amortization | 323 | 330 |
| Maintenance and repairs | 263 | 255 |
| Other, net | 1,197 | 1,101 |
| 7,243 | 6,305 | |
| OPERATING INCOME | 544 | 157 |
| OTHER (EXPENSE) INCOME: | ||
| Gain on short-term investment | 4,492 | — |
| Interest, net | (23) | (41) |
| Other non-operating, net | 199 | 15 |
| 4,668 | (26) | |
| INCOME BEFORE INCOME TAXES | 5,212 | 131 |
| PROVISION FOR INCOME TAXES | 171 | 30 |
| INCOME FROM CONTINUING OPERATIONS | 5,041 | 101 |
| INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES | — | 116 |
| NET INCOME | $5,041 | $217 |
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NOTE 14: SUBSEQUENT EVENTS
Supply Chain Sale
On October 1, 2026, FedEx sold its FedEx Supply Chain business to CMA CGM Group for cash proceeds of $1.4 billion, net of direct transaction expenses of approximately $35 million incurred during the three-month period ended September 30, 2026. Transaction expenses consisted primarily of professional services and an employee incentive plan related to the planned sale. As of September 30, 2026, the net assets of FedEx Supply Chain met the criteria for held-for-sale accounting, as described in Note 1. The sale occurred after the balance sheet date and will be fully reflected in the Transition Report on Form 10-KT covering the Transition Period.
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