Operating Income for FedEx (FDX)
According to FedEx's latest reported financial statements, the company's current operating income (TTM) is $6.01B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
FDX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$6.01B
YoY change
-4.3%
5Y CAGR
+16.4%
Peak year (2022)
$6.52B
Cumulative operating income
$92.91B
Operating Income history chart for FedEx (FDX) from 1986 to 2025
Operating Income history table for FedEx (FDX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $6.08B | -4.3% | ||
| 2024 | $6.36B | +19.1% | ||
| 2023 | $5.34B | -18.2% | ||
| 2022 | $6.52B | +8.4% | ||
| 2021 | $6.02B | +111.0% | ||
| 2020 | $2.85B | -40.4% | ||
| 2019 | $4.79B | -6.7% | ||
| 2018 | $5.13B | -5.5% | ||
| 2017 | $5.42B | +54.3% | ||
| 2016 | $3.52B | +50.2% | ||
| 2015 | $2.34B | -32.1% | ||
| 2014 | $3.45B | +7.3% | ||
| 2013 | $3.21B | -3.3% | ||
| 2012 | $3.32B | +34.6% | ||
| 2011 | $2.47B | +22.4% | ||
| 2010 | $2.02B | +3.3% | ||
| 2009 | $1.95B | -34.0% | ||
| 2008 | $2.96B | -9.7% | ||
| 2007 | $3.28B | +8.7% | ||
| 2006 | $3.01B | +22.0% | ||
| 2005 | $2.47B | +71.6% | ||
| 2004 | $1.44B | -2.1% | ||
| 2003 | $1.47B | +11.4% | ||
| 2002 | $1.32B | +23.4% | ||
| 2001 | $1.07B | -12.3% | ||
| 2000 | $1.22B | +5.0% | ||
| 1999 | $1.16B | +15.1% | ||
| 1998 | $1.01B | -142.6% | ||
| 1997 | -$2.37B | +17.2% | ||
| 1996 | -$2.02B | +22.9% | ||
| 1995 | -$1.65B | -1319.7% | ||
| 1994 | $134.90M | -91.2% | ||
| 1993 | $1.52B | -9.8% | ||
| 1992 | $1.69B | +2.6% | ||
| 1991 | $1.65B | +19.5% | ||
| 1990 | $1.38B | +216.8% | ||
| 1989 | $435.30M | +14.9% | ||
| 1988 | $378.90M | +2.1% | ||
| 1987 | $371.00M | +90.7% | ||
| 1986 | $194.50M | — |
Operating Income 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
2025's annual operating income for FedEx (FDX) came in at $6.08B – edged down 4.3% year-over-year.
Across 2020–2025 (5 years), FedEx operating income produced a CAGR of +16.4% – with the latest reading among the more recent periods of the dataset.
FedEx operating income declined from $6.52B in 2022 to $6.08B in 2025, a 6.8% drawdown.
Across the available history, operating income reached its high of $6.52B in 2022 and its low of -$2.37B in 1997.
Among 8 Industrials peers, FedEx (FDX) ranks 7th; the peer median for operating income is $8.59B.
FedEx Operating Income by Year
FedEx Operating Income 2025: $6.08B
FedEx operating income in 2025 was $6.08B, edged down 4.3% below 2024.
FedEx Operating Income 2024: $6.36B
FedEx operating income in 2024 was $6.36B, grew 19.1% from 2023.
FedEx Operating Income 2023: $5.34B
FedEx operating income in 2023 was $5.34B, declined 18.2% below 2022.
FedEx Operating Income 2022: $6.52B
FedEx operating income in 2022 was $6.52B, grew 8.4% from 2021. This figure represents the highest annual value in the available history.
FedEx Operating Income 2021: $6.02B
FedEx operating income in 2021 was $6.02B.
See more financial history for FedEx (FDX).
Sector peers — Operating Income
Companies in the same sector as FedEx, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is FedEx's operating income?
- Latest reported operating income for FedEx (FDX) is $6.01B (period ending February 28, 2026).
How has FedEx operating income changed year-over-year?
- FedEx (FDX) operating income changed -4.3% year-over-year on the latest annual filing.
What is the long-term growth rate of FedEx operating income?
- FedEx (FDX) operating income compound annual growth rate is +16.4% over the most recent 5 years available.
When did FedEx operating income hit its highest annual value?
- FedEx operating income reached its highest annual value of $6.52B in 2022.
What was FedEx operating income in 2024?
- FedEx (FDX) operating income in 2024 was $6.36B.
What was FedEx operating income in 2025?
- FedEx (FDX) operating income in 2025 was $6.08B.
Metrics overview
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