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Fedex (FDX) Operating Expenses (2016 - 2026)

Fedex (FDX) has disclosed Operating Expenses for 18 consecutive years, with $22.7 billion as the latest value for Q1 2026.

  • Quarterly Operating Expenses rose 8.55% to $22.7 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $86.2 billion through Feb 2026, up 4.09% year-over-year, with the annual reading at $82.7 billion for FY2025, 0.7% up from the prior year.
  • Operating Expenses hit $22.7 billion in Q1 2026 for Fedex, up from $22.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $22.7 billion in Q1 2026 to a low of $20.2 billion in Q3 2023.
  • Historically, Operating Expenses has averaged $21.2 billion across 5 years, with a median of $20.9 billion in 2024.
  • Biggest five-year swings in Operating Expenses: grew 8.83% in 2022 and later fell 9.09% in 2023.
  • Year by year, Operating Expenses stood at $21.6 billion in 2022, then fell by 3.46% to $20.9 billion in 2023, then increased by 0.12% to $20.9 billion in 2024, then rose by 5.62% to $22.1 billion in 2025, then increased by 2.54% to $22.7 billion in 2026.
  • Business Quant data shows Operating Expenses for FDX at $22.7 billion in Q1 2026, $22.1 billion in Q4 2025, and $21.1 billion in Q3 2025.