Fedex (FDX) Operating Expenses (2009 - 2026)

Fedex has disclosed Operating Expenses across 18 years of filings, most recently posting $22.7 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $22.7 billion, up 8.55% year-over-year; the trailing twelve-month figure through Feb 2026 was $86.2 billion (up 4.09% YoY), and the FY2025 annual result was $82.7 billion, up 0.7% from the prior year.
• Operating Expenses came in at $22.7 billion for Q1 2026 at 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.
• The 5-year median for Operating Expenses is $20.9 billion (2024), against an average of $21.2 billion.
• Across the five-year window, Operating Expenses advanced 8.83% in 2022 and retreated 9.09% in 2023, its largest moves.
• Fedex's Operating Expenses stood at $21.6 billion in 2022, then retreated by 3.46% to $20.9 billion in 2023, then rose by 0.12% to $20.9 billion in 2024, then gained by 5.62% to $22.1 billion in 2025, then climbed by 2.54% to $22.7 billion in 2026.
• The last three Operating Expenses figures came in at $22.7 billion (Q1 2026), $22.1 billion (Q4 2025), and $21.1 billion (Q3 2025), per Business Quant data.