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Fedex (FDX) Operating Expenses (2016 - 2026)

Fedex's Operating Expenses history spans 18 years, with the latest figure at $22.7 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 8.55% to $22.7 billion in Q1 2026 year-over-year; TTM through Feb 2026 was $86.2 billion, a 4.09% increase, with the full-year FY2025 number at $82.7 billion, up 0.7% from a year prior.
  • Operating Expenses hit $22.7 billion in Q1 2026 for Fedex, up from $22.1 billion in the prior quarter.
  • Over the last five years, Operating Expenses for FDX hit a ceiling of $22.7 billion in Q1 2026 and a floor 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.
  • Tracing FDX's Operating Expenses over 5 years: stood at $21.6 billion in 2022, then decreased by 3.46% to $20.9 billion in 2023, then grew by 0.12% to $20.9 billion in 2024, then increased by 5.62% to $22.1 billion in 2025, then grew 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.