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FedEx CorporationStock · Consumer Discretionary
$313.00−$0.89 (-0.28%)as of market close, Jul 2, 2026
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How FedEx makes money

Fiscal year

How does FedEx make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

FedEx Corporation · FY2025 · year ended 2025-05-31
Revenue$87.9BGross profit$87.9B · 100%Cost of revenue$0 · 0%Operating income$5.4B · 6%Operating expenses$82.7B · 94%Other opex$82.7B · 94%Net income$4.1B · 5%Income tax$1.3B · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.