FedEx Corp
fedex.comWhat Do They Do?
Delivers packages and freight for businesses and residential customers through U.S. and international shipping services.
10-K for FY2026, filed Jul 20, 2026Express U.S. Domestic offers a wide range of U.S. domestic shipping services for packages and freight. We offer three overnight package…View ↗
Express U.S. Domestic is also a leading provider of day-definite business and residential delivery services for packages weighing up to 150…View ↗
Express International SegmentView ↗
How Do They Make Money?
FedEx earns charges for package and freight transportation as it moves shipments. Customized logistics arrangements are billed for work completed.
10-K for FY2026, filed Jul 20, 2026
$94.7B
-
10-K for FY2026, filed Jul 20, 2026
$94.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Federal Express segment
Recurring
10-K for FY2026, filed Jul 20, 2026 |
87%
FY2023: 84%
|
Federal Express segment, FY2026
$82.3B Sources
|
Recurring |
|
FedEx Freight
Segment
Recurring
|
9.3%
FY2023: 11%
|
FedEx Freight
Segment, FY2026
$8.8B Sources
|
Recurring |
|
FedEx Freight And FedEx Express Segments
Recurring
10-K for FY2026, filed Jul 20, 2026 |
96% |
FedEx Freight And FedEx Express Segments, FY2026
$91.1B Sources
|
Recurring |
Who Are Their Customers?
Businesses and residential customers use FedEx for domestic and international package and freight delivery. Shippers can create labels online or in the app; third-party retailers accept and hold packages for customers.
10-K for FY2026, filed Jul 20, 2026Express U.S. Domestic offers a wide range of U.S. domestic shipping services for packages and freight. We offer three overnight package…View ↗
Express U.S. Domestic is also a leading provider of day-definite business and residential delivery services for packages weighing up to 150…View ↗
Express International SegmentView ↗
FedEx Mobile is a suite of solutions including the FedEx mobile application, FedEx mobile website, and text messaging. The FedEx Mobile app…View ↗
The FedEx retail convenience network also utilizes third-party retailers to receive and hold packages for FedEx customers. The U.S. retail…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2026 and turned 5 cents into free cash flow.
10-K for FY2026, filed Jul 20, 2026
$5.5BView ↗
10-K for FY2026, filed Jul 20, 2026
$4.4BView ↗
10-K for FY2026, filed Jul 20, 2026
$5.1BView ↗
How Are They Changing?
-
Jul 21, 2026
FedEx spun off its less-than-truckload freight business
The business became a publicly traded company, and FedEx stopped consolidating it.
Sources
8-K, filed Jul 21, 2026
On June 1, 2026, FedEx completed its spin-off of FedEx’s less-than-truckload freight transportation services businesses conducted through…View ↗
Flat. Revenue was $94.7B in FY2026, about the same as the $93.5B of FY2022.
Freight business separation
Freight shipping was part of FedEx’s operating business in the earlier report; it has since been spun off, and FedEx no longer consolidates it.
10-K for FY2023, filed Jul 17, 2023 10-K for FY2026, filed Jul 20, 2026FedEx Express: Federal Express Corporation (“FedEx Express”) is the world’s largest express transportation company, offering time-definite…View ↗
In December 2024, we announced that FedEx’s Board of Directors decided to pursue a full separation of FedEx’s less-than-truckload freight…View ↗
Integrated air-ground operations
The earlier report described plans to combine Express, Ground, and support operations; the latest says Ground and Corporate Services have merged into Federal Express as a unified air-ground network.
10-K for FY2023, filed Jul 17, 2023 10-K for FY2026, filed Jul 20, 2026In the fourth quarter of 2023, we announced “one FedEx”, a consolidation plan to ultimately bring FedEx Express, FedEx Ground, FedEx…View ↗
In connection with our one FedEx consolidation plan, on June 1, 2024, FedEx Ground Package System, Inc. (“FedEx Ground”) and FedEx…View ↗
Who Do They Compete With?
Competes with UPS, DHL, DPD, General Logistics Systems, USPS, and Amazon.com
10-K for FY2026, filed Jul 20, 2026Competitors for Express U.S. Domestic include other package delivery concerns, principally United Parcel Service, Inc. (“UPS”), passenger…View ↗
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