← Research LibraryThe BriefFY2026 ended May 31, 2026 · headline figures audited against SEC data
The last year as one company, with Freight's margin falling from 16.7% to 7.0% on the way out
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 8% to $94.72B on better yields and higher domestic volumesOK
- Profitability — Operating income up 5% to $5.46B, but operating margin slipped 10 basis points to 5.8%Watch
- Balance sheet — Altman score 2.93, just inside the safe bandOK
- Accounting quality — Earnings-quality score 98.3 and no earnings-manipulation flagOK
- Capital allocation — $1.37B dividends and $0.80B buybacks against $5.12B of free cash flowNote
- Structure — FedEx Freight separated on June 1, 2026 and is no longer consolidatedWatch
What happened
FedEx grew revenue 8% to $94.72 billion and operating income 5% to $5.46 billion in its final year reporting as a combined company. On May 13, 2026 the board declared a pro rata dividend of 80.1% of FedEx Freight Holding, and on June 1, 2026 shareholders received one Freight share for every two FedEx shares. FedEx retained 19.9%.
Where the revenue comes from
Fiscal 2026, as FEDEX CORP reports it. History and quarterly detail are in the app.
- Total package revenue$74.9B
- Total freight revenue$6.1B
- Other$1.3B
Leadership changes
From FEDEX CORP's own filings, the day they're filed.
- Silvia Davila · Director · departureeff. 2026-06-08
- Mark A. Edmunds · director · appointmenteff. 2026-06-08
- Claude F. Russ · President · appointmenteff. 2026-06-01
Latest filings
- 8-K · Company announcement2026-09-29
- 8-K · Company announcement2026-09-14
- DEF 14A · Annual proxy (pay & governance)2026-08-17
- 8-K · Company announcement2026-07-24
- 8-K · Company announcement2026-07-21
In the full recordFree for 14 days
- The business🔒
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Why it matters🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about FEDEX CORP, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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