FedEx Freight Holding Company, Inc. (FDXF) Income Statement
FDXF FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsFDXF revenue and net income
Where FDXF's revenue goes
FY2026Each bar shows an amount and its share of revenue. FDXF kept 7.4% of revenue as net income.
FDXF profit margins
FDXF growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.0% | −4.5% | — | — |
| Gross profit | +217.9% | +34.2% | — | — |
| Operating income | −59.7% | −34.2% | — | — |
| Net income | −39.3% | −25.5% | — | — |
| EPS (diluted) | −50.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FDXF income statement
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $8.79B | $8.89B | $9.42B | $10.08B |
| Cost of revenue | $6.25B | $6.12B | $6.15B | $6.45B |
| Gross profit | $8.79B | $2.77B | $3.27B | $3.64B |
| Total operating expenses | $8.26B | $1.43B | $1.52B | $1.74B |
| Operating income | $540.0M | $1.34B | $1.75B | $1.89B |
| Interest income | $392.0M | $388.0M | $330.0M | $187.0M |
| Interest expense | $57.0M | $0 | $0 | — |
| Income before taxes | $884.0M | $1.45B | $2.08B | $2.09B |
| Income taxes | $229.0M | $368.0M | $505.0M | $509.0M |
| Net income | $655.0M | $1.08B | $1.57B | $1.58B |
| EBITDA | $1.39B | $1.86B | $2.48B | $2.48B |
| EPS (diluted) | $4.38 | $8.88 | $12.90 | — |
| Gross margin | 100.0% | 31.1% | 34.7% | 36.1% |
| Operating margin | 6.1% | 15.1% | 18.6% | 18.8% |
| Net margin | 7.4% | 12.1% | 16.7% | 15.7% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.47B | $1.99B | $2.14B | $2.20B | $2.37B | $2.09B | $2.18B | $2.25B |
| Cost of revenue | $1.63B | $1.50B | $1.57B | $1.55B | $1.55B | $1.49B | $1.54B | $1.53B |
| Gross profit | $780.0M | $494.0M | $572.0M | $650.0M | $817.5M | $596.0M | $635.0M | $718.5M |
| Total operating expenses | $632.0M | $500.0M | $506.0M | $451.0M | $363.0M | $354.0M | $346.0M | $365.0M |
| Operating income | $281.0M | −$6.0M | $66.0M | $199.0M | $454.5M | $242.0M | $289.0M | $353.5M |
| Interest income | — | — | $94.0M | — | — | — | $101.0M | — |
| Interest expense | — | $12.0M | — | — | — | — | — | — |
| Income before taxes | $357.5M | $64.0M | $164.0M | $298.5M | $258.5M | $338.0M | $392.0M | $458.5M |
| Income taxes | $96.5M | $13.0M | $44.0M | $75.5M | $69.0M | $87.0M | $98.0M | $114.0M |
| Net income | $158.0M | $51.0M | $120.0M | $223.0M | $189.5M | $251.0M | $294.0M | $344.5M |
| EBITDA | −$25.0M | $233.0M | $329.0M | $390.5M | $651.5M | $355.0M | $392.0M | $464.5M |
| Gross margin | 31.6% | 24.8% | 26.7% | 29.6% | 34.5% | 28.5% | 29.2% | 31.9% |
| Operating margin | 11.4% | −0.3% | 3.1% | 9.1% | 19.2% | 11.6% | 13.3% | 15.7% |
| Net margin | 6.4% | 2.6% | 5.6% | 10.1% | 8.0% | 12.0% | 13.5% | 15.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FDXF's financial statements (latest annual report filed August 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FDXF financial results
In fiscal year 2026 (ended May 31, 2026), FedEx Freight reported revenue of $8.8 billion, down 1.0% from the year before. It had net income of $655.0 million (down 39.3%), a net profit margin of 7.4%. Diluted earnings per share came to $4.38.
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FDXF income statement FAQ
What is FedEx Freight's annual revenue?
FedEx Freight reported total revenue of $8.8 billion for fiscal year 2026, which ended on May 31, 2026. That was down 1.0% from $8.9 billion the previous year.
Is FedEx Freight profitable?
Yes. FedEx Freight reported net income of $655.0 million in fiscal 2026, a net profit margin of 7.4%; its operating margin was 6.1%.
What is FedEx Freight's gross margin?
FedEx Freight's gross margin was 100.0% in fiscal 2026: for every $100 of revenue, FedEx Freight kept $100 after the direct cost of its products and services.
What are FedEx Freight's earnings per share?
FedEx Freight earned $4.38 per diluted share in fiscal 2026, compared with $8.88 a year earlier.
When will FedEx Freight report its next earnings?
FedEx Freight is expected to report results for the quarter ending August 31, 2026 on October 29, 2026 after the market closes.
When does FedEx Freight's fiscal year end?
FedEx Freight's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on August 5, 2026.