KPIs & Operating Metrics(New)
Growth Metrics

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

Fedex's Cost of Revenue history spans 18 years, with the latest figure at $3.5 billion for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 7.77% to $3.5 billion in Q1 2026 year-over-year; TTM through Feb 2026 was $31.4 billion, a 48.76% increase, with the full-year FY2025 number at $21.8 billion, up 4.05% from a year prior.
  • Cost of Revenue hit $3.5 billion in Q1 2026 for Fedex, roughly flat from $3.5 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for FDX hit a ceiling of $18.9 billion in Q2 2025 and a floor of -$10.9 billion in Q2 2023.
  • Historically, Cost of Revenue has averaged $4.0 billion across 5 years, with a median of $3.5 billion in 2022.
  • The widest YoY moves for Cost of Revenue: up 349.79% in 2023, down 720.74% in 2023.
  • Tracing FDX's Cost of Revenue over 5 years: stood at $3.4 billion in 2022, then skyrocketed by 57.33% to $5.4 billion in 2023, then plummeted by 40.67% to $3.2 billion in 2024, then rose by 9.68% to $3.5 billion in 2025, then fell by 0.09% to $3.5 billion in 2026.
  • Business Quant data shows Cost of Revenue for FDX at $3.5 billion in Q1 2026, $3.5 billion in Q4 2025, and $5.5 billion in Q3 2025.