Below are the financial statements of FedEx, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 87.69a | 90.16a | 93.51a |
| Operating expenses | — | — | — |
| Salaries and employee benefits | -30.96a | -31.02a | -32.06a |
| Purchased transportation | -20.92a | -21.79a | -24.12a |
| Rentals and landing fees | -4.57a | -4.74a | -4.71a |
| Depreciation and amortization | -4.29a | -4.18a | -3.97a |
| Fuel | -4.71a | -5.91a | -5.12a |
| Maintenance and repairs | -3.29a | -3.36a | -3.37a |
| Goodwill and other asset impairment charges | -0.16a | -0.12a | 0a |
| Business optimization and realignment costs | -0.58a | -0.31a | -0.28a |
| Other | -12.65a | -13.83a | -13.64a |
| Total operating expenses | -82.13a | -85.24a | -87.27a |
| Operating income | 5.56a | 4.91a | 6.25a |
| Other income (expense) | — | — | — |
| Interest expense | -0.75a | -0.69a | -0.69a |
| Interest income | 0.37a | 0.2a | 0.05a |
| Other retirement plans income (expense) | 0.72a | 1.05a | -0.73a |
| Other, net | -0.07a | -0.11a | 0.01a |
| Total other income (expense) | 0.28a | 0.45a | -1.35a |
| Income before income taxes | 5.84a | 5.36a | 4.9a |
| Provision for income taxes | -1.51a | -1.39a | -1.07a |
| Net income | 4.33a | 3.97a | 3.83a |
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