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Fedex (FDX) Cost of Revenue (2016 - 2026)

Fedex's Cost of Revenue history spans 17 years, with the latest figure at $8.0 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 45.04% year-over-year to $8.0 billion; the TTM value through Nov 2025 reached $15.7 billion, down 8.72%, while the annual FY2025 figure was $13.0 billion, 2.74% up from the prior year.
  • Cost of Revenue for Q4 2025 was $8.0 billion at Fedex, up from $3.4 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $14.9 billion in Q1 2021 and bottomed at -$4.4 billion in Q2 2023.
  • The 5-year median for Cost of Revenue is $3.4 billion (2022), against an average of $3.8 billion.
  • The largest annual shift saw Cost of Revenue skyrocketed 1589.87% in 2021 before it crashed 217.11% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $8.8 billion in 2021, then crashed by 81.85% to $1.6 billion in 2022, then tumbled by 143.57% to -$694.0 million in 2023, then soared by 892.51% to $5.5 billion in 2024, then surged by 45.04% to $8.0 billion in 2025.
  • Per Business Quant, the three most recent readings for FDX's Cost of Revenue are $8.0 billion (Q4 2025), $3.4 billion (Q3 2025), and -$1.3 billion (Q2 2025).