Gross Profit for FedEx (FDX)
According to FedEx's latest reported financial statements, the company's current gross profit (TTM) is $22.44B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
FDX
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$22.44B
YoY change
+0.2%
5Y CAGR
+7.3%
Peak year (2004)
$20.87B
Cumulative gross profit
$418.51B
Gross Profit history chart for FedEx (FDX) from 1986 to 2025
Gross Profit history table for FedEx (FDX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $19.00B | +0.2% | ||
| 2024 | $18.95B | -1.1% | ||
| 2023 | $19.17B | -5.0% | ||
| 2022 | $20.17B | +13.4% | ||
| 2021 | $17.79B | +33.3% | ||
| 2020 | $13.34B | -10.0% | ||
| 2019 | $14.83B | +5.1% | ||
| 2018 | $14.10B | +2.4% | ||
| 2017 | $13.77B | +16.4% | ||
| 2016 | $11.83B | +10.0% | ||
| 2015 | $10.75B | +14.7% | ||
| 2014 | $9.37B | +5.5% | ||
| 2013 | $8.88B | +2.0% | ||
| 2012 | $8.71B | +11.8% | ||
| 2011 | $7.79B | +13.9% | ||
| 2010 | $6.84B | -3.4% | ||
| 2009 | $7.08B | -14.2% | ||
| 2008 | $8.25B | +2.8% | ||
| 2007 | $8.03B | +7.1% | ||
| 2006 | $7.50B | +12.1% | ||
| 2005 | $6.69B | -67.9% | ||
| 2004 | $20.87B | +10.6% | ||
| 2003 | $18.88B | +10.8% | ||
| 2002 | $17.05B | +4.4% | ||
| 2001 | $16.33B | +7.6% | ||
| 2000 | $15.18B | -1.3% | ||
| 1999 | $15.38B | +5.4% | ||
| 1998 | $14.59B | +165.2% | ||
| 1997 | $5.50B | +9.9% | ||
| 1996 | $5.00B | +3.2% | ||
| 1995 | $4.85B | -7.4% | ||
| 1994 | $5.23B | +10.2% | ||
| 1993 | $4.75B | +5.8% | ||
| 1992 | $4.49B | +2.7% | ||
| 1991 | $4.37B | +11.1% | ||
| 1990 | $3.94B | +15.8% | ||
| 1989 | $3.40B | +97.8% | ||
| 1988 | $1.72B | -22.3% | ||
| 1987 | $2.21B | +14.8% | ||
| 1986 | $1.93B | — |
Gross Profit 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
As of the 2025 fiscal year, FedEx (FDX) reported gross profit of $19.00B – edged up 0.2% year-over-year.
FedEx gross profit compound annual growth for the 2020–2025 (5 years) window is +7.3%, with the latest reading among the more recent periods of the dataset.
Between 2004 and 2025, FedEx gross profit declined 9.0%, falling from $20.87B to $19.00B.
Across the available history, gross profit reached its high of $20.87B in 2004 and its low of $1.72B in 1988.
FedEx (FDX) sits 2nd of 8 Industrials peers we track on this metric, against a peer median of $15.42B.
FedEx Gross Profit by Year
FedEx Gross Profit 2025: $19.00B
FedEx gross profit in 2025 was $19.00B, edged up 0.2% from 2024.
FedEx Gross Profit 2024: $18.95B
FedEx gross profit in 2024 was $18.95B, edged down 1.1% below 2023.
FedEx Gross Profit 2023: $19.17B
FedEx gross profit in 2023 was $19.17B, edged down 5.0% below 2022.
FedEx Gross Profit 2022: $20.17B
FedEx gross profit in 2022 was $20.17B, grew 13.4% from 2021.
FedEx Gross Profit 2021: $17.79B
FedEx gross profit in 2021 was $17.79B.
See more financial history for FedEx (FDX).
Sector peers — Gross Profit
Companies in the same sector as FedEx, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is FedEx's gross profit?
- Latest reported gross profit for FedEx (FDX) is $22.44B (period ending February 28, 2026).
How has FedEx gross profit changed year-over-year?
- FedEx (FDX) gross profit changed +0.2% year-over-year on the latest annual filing.
What is the long-term growth rate of FedEx gross profit?
- FedEx (FDX) gross profit compound annual growth rate is +7.3% over the most recent 5 years available.
When did FedEx gross profit hit its highest annual value?
- FedEx gross profit reached its highest annual value of $20.87B in 2004.
What was FedEx gross profit in 2024?
- FedEx (FDX) gross profit in 2024 was $18.95B.
What was FedEx gross profit in 2025?
- FedEx (FDX) gross profit in 2025 was $19.00B.
Metrics overview
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