How FedEx Freight Holding makes money

Period

FY2026

How does FedEx Freight Holding 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, recent quarter, or the trailing twelve months. Straight from SEC filings.

FedEx Freight Holding Company Inc. · FY2026 · year ended 2026-05-31

Revenue$8.8BGross profit$8.8B · 100%Cost of revenue$0 · 0%Operating income$540M · 6%Operating expenses$8.3B · 94%Other opex$8.3B · 94%Pre-tax income$884M · 10%Other income$344M · 4%Net income$655M · 7%Income tax$229M · 3%

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.