FedEx (FDX) revenue breakdown

Industrials · Integrated Freight & Logistics · Market cap $70.7B

By segment, Federal Express segment is the largest at 90% of fiscal 2026 revenue; FedEx Freight Segment grew fastest, 3% a year over 8 years.

By region, U.S. Pension Plans is the largest at 72% of fiscal 2026 revenue, growing 6% a year over 9 years.

Revenue by segment

Fiscal years, as FedEx reports them in its 10-K filings; fiscal 2026 total $91.1B.

Segments201820192020202120222023202420252026Share
Federal Express segment—————$75.9B$74.7B$75.3B$82.3B 90%
FedEx Freight Segment$6.8B$7.6B$7.1B$7.8B$9.5B$10.1B$9.4B$8.9B$8.8B 10%
FedEx Express Segment$36.2B$37.3B$35.5B$42.1B$45.8B———— —
FedEx Ground Segment$18.4B$20.5B$22.7B$30.5B$33.2B———— —
FedEx Services Segment$28M$22M$22M$32M$253M———— —

Revenue by region

Fiscal years, as FedEx reports them in its 10-K filings; fiscal 2026 total $94.7B.

Regions2017201820192020202120222023202420252026Share
U.S. Pension Plans$40.3B$43.6B$47.6B$48.4B$58.8B$64.9B$64.9B$63.5B$62.9B$67.9B 72%
International:$20.1B$21.9B$22.1B$20.8B$25.2B$28.6B$25.3B$24.2B$25.0B$26.8B 28%
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Questions

Where does FedEx make its money?

In fiscal 2026, by segment: Federal Express segment $82.3B, FedEx Freight Segment $8.8B.

From FedEx's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.