Fedex annual operating expenses
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Fedex Operating Expenses Growth & History (FDX)
Fedex's operating expenses was $89.26B for fiscal 2026.
View full Fedex company overviewFedex annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | $89.26B | $6.55B | +7.92% |
| 2025 | 2025-05-31 | $82.71B | $575.0M | +0.70% |
| 2024 | 2024-05-31 | $82.13B | −$3.11B | −3.65% |
| 2023 | 2023-05-31 | $85.24B | −$2.02B | −2.32% |
| 2022 | 2022-05-31 | $87.27B | $9.16B | +11.73% |
| 2021 | 2021-05-31 | $78.10B | $11.30B | +16.92% |
| 2020 | 2020-05-31 | $66.80B | $1.57B | +2.41% |
| 2019 | 2019-05-31 | $65.23B | $4.05B | +6.62% |
| 2018 | 2018-05-31 | $61.18B | $5.42B | +9.73% |
| 2017 | 2017-05-31 | $55.75B | $8.46B | +17.90% |
| 2016 | 2016-05-31 | $47.29B | $1.70B | +3.73% |
| 2015 | 2015-05-31 | $45.59B | $3.83B | +9.18% |
| 2014 | 2014-05-31 | $41.75B | $1.90B | +4.77% |
| 2013 | 2013-05-31 | $39.85B | $359.0M | +0.91% |
| 2012 | 2012-05-31 | $39.49B | $2.57B | +6.95% |
| 2011 | 2011-05-31 | $36.93B | $4.19B | +12.80% |
| 2010 | 2010-05-31 | $32.74B | −$2.01B | −5.80% |
| 2009 | 2009-05-31 | $34.75B | −$1.13B | −3.14% |
| 2008 | 2008-05-31 | $35.88B | — | — |
Fedex quarterly operating expenses
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Q4.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $23.46B | $3.03B | +14.83% |
| Q3 2026 | 2026-02-28 | $22.65B | $1.78B | +8.55% |
| Q2 2026 | 2025-11-30 | $22.09B | $1.18B | +5.62% |
| Q1 2026 | 2025-08-31 | $21.06B | $559.0M | +2.73% |
| Q4 2025 | 2025-05-31 | $20.43B | −$127.0M | −0.62% |
| Q3 2025 | 2025-02-28 | $20.87B | $373.0M | +1.82% |
| Q2 2025 | 2024-11-30 | $20.91B | $26.0M | +0.12% |
| Q1 2025 | 2024-08-31 | $20.50B | $303.0M | +1.50% |
| Q4 2024 | 2024-05-31 | $20.55B | $127.0M | +0.62% |
| Q3 2024 | 2024-02-29 | $20.50B | −$632.0M | −2.99% |
| Q2 2024 | 2023-11-30 | $20.89B | −$749.0M | −3.46% |
| Q1 2024 | 2023-08-31 | $20.20B | −$1.85B | −8.41% |
| Q4 2023 | 2023-05-31 | $20.43B | −$2.04B | −9.09% |
| Q3 2023 | 2023-02-28 | $21.13B | −$1.19B | −5.32% |
| Q2 2023 | 2022-11-30 | $21.64B | −$239.0M | −1.09% |
| Q1 2023 | 2022-08-31 | $22.05B | $1.45B | +7.02% |
| Q4 2022 | 2022-05-31 | $22.47B | $1.70B | +8.20% |
| Q3 2022 | 2022-02-28 | $22.32B | $1.81B | +8.83% |
| Q2 2022 | 2021-11-30 | $21.88B | $2.78B | +14.55% |
| Q1 2022 | 2021-08-31 | $20.61B | $2.87B | +16.21% |
| Q4 2021 | 2021-05-31 | $20.77B | $3.88B | +23.01% |
| Q3 2021 | 2021-02-28 | $20.50B | $3.43B | +20.08% |
| Q2 2021 | 2020-11-30 | $19.10B | $2.33B | +13.88% |
| Q1 2021 | 2020-08-31 | $17.73B | $1.66B | +10.33% |
| Q4 2020 | 2020-05-31 | $16.88B | $392.0M | +2.38% |
| Q3 2020 | 2020-02-29 | $17.08B | $977.0M | +6.07% |
| Q2 2020 | 2019-11-30 | $16.77B | $114.0M | +0.68% |
| Q1 2020 | 2019-08-31 | $16.07B | $90.0M | +0.56% |
| Q4 2019 | 2019-05-31 | $16.49B | $505.0M | +3.16% |
| Q3 2019 | 2019-02-28 | $16.10B | $431.0M | +2.75% |
| Q2 2019 | 2018-11-30 | $16.66B | $1.46B | +9.59% |
| Q1 2019 | 2018-08-31 | $15.98B | $1.66B | +11.55% |
| Q4 2018 | 2018-05-31 | $15.99B | $1.37B | +9.36% |
| Q3 2018 | 2018-02-28 | $15.67B | $1.70B | +12.14% |
| Q2 2018 | 2017-11-30 | $15.20B | $1.43B | +10.42% |
| Q1 2018 | 2017-08-31 | $14.33B | $927.0M | +6.92% |
| Q4 2017 | 2017-05-31 | $14.62B | $1.57B | +12.04% |
| Q3 2017 | 2017-02-28 | $13.97B | $2.18B | +18.51% |
| Q2 2017 | 2016-11-30 | $13.76B | $2.45B | +21.63% |
| Q1 2017 | 2016-08-31 | $13.40B | $2.26B | +20.33% |
| Q4 2016 | 2016-05-31 | $13.05B | −$388.0M | −2.89% |
| Q3 2016 | 2016-02-29 | $11.79B | $1.11B | +10.41% |
| Q2 2016 | 2015-11-30 | $11.32B | $465.0M | +4.29% |
| Q1 2016 | 2015-08-31 | $11.13B | $513.0M | +4.83% |
| Q4 2015 | 2015-05-31 | $13.44B | $3.15B | +30.60% |
| Q3 2015 | 2015-02-28 | $10.68B | $18.0M | +0.17% |
| Q2 2015 | 2014-11-30 | $10.85B | $275.0M | +2.60% |
| Q1 2015 | 2014-08-31 | $10.62B | $393.0M | +3.84% |
| Q4 2014 | 2014-05-31 | $10.29B | $1.24B | +13.67% |
| Q3 2014 | 2014-02-28 | $10.66B | $296.0M | +2.86% |
| Q2 2014 | 2013-11-30 | $10.58B | $187.0M | +1.80% |
| Q1 2014 | 2013-08-31 | $10.23B | $179.0M | +1.78% |
| Q4 2013 | 2013-05-31 | $9.05B | −$1.10B | −10.86% |
| Q3 2013 | 2013-02-28 | $10.36B | $613.0M | +6.29% |
| Q2 2013 | 2012-11-30 | $10.39B | $582.0M | +5.93% |
| Q1 2013 | 2012-08-31 | $10.05B | $266.0M | +2.72% |
| Q4 2012 | 2012-05-31 | $10.15B | $488.0M | +5.05% |
| Q3 2012 | 2012-02-29 | $9.75B | $481.0M | +5.19% |
| Q2 2012 | 2011-11-30 | $9.81B | $644.0M | +7.03% |
| Q1 2012 | 2011-08-31 | $9.78B | $955.0M | +10.82% |
| Q4 2011 | 2011-05-31 | $9.66B | $932.0M | +10.67% |
| Q3 2011 | 2011-02-28 | $9.27B | $985.0M | +11.89% |
| Q2 2011 | 2010-11-30 | $9.16B | $1.14B | +14.18% |
| Q1 2011 | 2010-08-31 | $8.83B | $1.14B | +14.75% |
| Q4 2010 | 2010-05-31 | $8.73B | $31.0M | +0.36% |
| Q3 2010 | 2010-02-28 | $8.29B | $330.0M | +4.15% |
| Q2 2010 | 2009-11-30 | $8.03B | −$729.0M | −8.33% |
| Q1 2010 | 2009-08-31 | $7.69B | −$1.65B | −17.62% |
| Q4 2009 | 2009-05-31 | $8.70B | — | — |
| Q3 2009 | 2009-02-28 | $7.96B | — | — |
| Q2 2009 | 2008-11-30 | $8.75B | — | — |
| Q1 2009 | 2008-08-31 | $9.34B | — | — |
Fedex operating expenses trends
Over the last five fiscal years, Fedex's operating expenses increased from $78.10B to $89.26B, a change of $11.15B. The latest reported quarter, Q4 2026, shows $23.46B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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