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EBITDA for FedEx (FDX)

According to FedEx's latest reported financial statements, the company's current EBITDA (TTM) is $10.57B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

TTM (last 4 quarters)

$10.57B

YoY change

-3.4%

5Y CAGR

+12.0%

Peak year (2021)

$11.26B

Cumulative EBITDA

$144.19B

EBITDA history chart for FedEx (FDX) from 1986 to 2025

EBITDA history table for FedEx (FDX) from 1986 to 2025

Fiscal yearPeriod endedReportedEBITDAYoY
2025$10.49B-3.4%
2024$10.87B+6.2%
2023$10.23B+7.1%
2022$9.55B-15.1%
2021$11.26B+89.1%
2020$5.96B+29.6%
2019$4.60B-42.6%
2018$8.01B-1.0%
2017$8.09B+41.7%
2016$5.71B+27.6%
2015$4.47B-25.9%
2014$6.04B+22.6%
2013$4.92B-7.2%
2012$5.31B+22.7%
2011$4.32B+10.0%
2010$3.93B+43.6%
2009$2.74B-32.6%
2008$4.06B-20.3%
2007$5.09B+10.9%
2006$4.59B+16.7%
2005$3.94B+53.8%
2004$2.56B-4.9%
2003$2.69B+7.2%
2002$2.51B+1220.5%
2001$190.00M-128.1%
2000-$675.00M-147.9%
1999$1.41B-8.8%
1998$1.55B-149.1%
1997-$3.15B+14.8%
1996-$2.74B-320.5%
1995$1.24B-166.1%
1994-$1.88B-299.0%
1993$944.70M+10.6%
1992$854.10M-23.3%
1991$1.11B+23.7%
1990$899.70M+9.4%
1989$822.60M+23.1%
1988$668.50M+9.5%
1987$610.30M+50.0%
1986$406.90M

EBITDA values are taken from FedEx's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

Analysis

FedEx (FDX) most recent annual EBITDA stands at $10.49B (2025) – edged down 3.4% year-over-year.

Across 2020–2025 (5 years), FedEx EBITDA produced a CAGR of +12.0% – with the latest reading among the more recent periods of the dataset.

Between 2021 and 2025, FedEx EBITDA declined 6.8%, falling from $11.26B to $10.49B.

The highest annual EBITDA of $11.26B was reported in 2021. The lowest in the available history was -$3.15B in 1997.

FedEx (FDX) sits 6th of 8 Industrials peers we track on this metric, against a peer median of $11.86B.

FedEx EBITDA by Year

FedEx EBITDA 2025: $10.49B

FedEx EBITDA in 2025 was $10.49B, edged down 3.4% below 2024.

FedEx EBITDA 2024: $10.87B

FedEx EBITDA in 2024 was $10.87B, grew 6.2% from 2023.

FedEx EBITDA 2023: $10.23B

FedEx EBITDA in 2023 was $10.23B, grew 7.1% from 2022.

FedEx EBITDA 2022: $9.55B

FedEx EBITDA in 2022 was $9.55B, declined 15.1% below 2021.

FedEx EBITDA 2021: $11.26B

FedEx EBITDA in 2021 was $11.26B.

See more financial history for FedEx (FDX).

Sector peers — EBITDA

Companies in the same sector as FedEx, ranked by their latest EBITDA.

CompanyEBITDASector
Caterpillar Inc. (CAT)$14.86BIndustrials
Union Pacific Corporation (UNP)$12.95BIndustrials
RTX Corporation (RTX)$12.89BIndustrials
GE Aerospace (GE)$12.06BIndustrials
Deere & Company (DE)$11.66BIndustrials
Honeywell International Inc. (HON)$8.21BIndustrials
The Boeing Company (BA)$7.36BIndustrials
Eaton Corporation plc (ETN)$5.95BIndustrials

Frequently asked questions

What is FedEx's EBITDA?

Latest reported EBITDA for FedEx (FDX) is $10.57B (period ending February 28, 2026).

How has FedEx EBITDA changed year-over-year?

FedEx (FDX) EBITDA changed -3.4% year-over-year on the latest annual filing.

What is the long-term growth rate of FedEx EBITDA?

FedEx (FDX) EBITDA compound annual growth rate is +12.0% over the most recent 5 years available.

When did FedEx EBITDA hit its highest annual value?

FedEx EBITDA reached its highest annual value of $11.26B in 2021.

What was FedEx EBITDA in 2024?

FedEx (FDX) EBITDA in 2024 was $10.87B.

What was FedEx EBITDA in 2025?

FedEx (FDX) EBITDA in 2025 was $10.49B.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.