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Fedex (FDX) Operating Expenses (2016 - 2026)

Fedex's Operating Expenses history spans 17 years, with the latest figure at $22.1 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 5.62% year-over-year to $22.1 billion; the TTM value through Nov 2025 reached $84.4 billion, up 2.4%, while the annual FY2025 figure was $82.7 billion, 0.7% up from the prior year.
  • Operating Expenses for Q4 2025 was $22.1 billion at Fedex, up from $21.1 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $22.5 billion in Q2 2022 and bottomed at $20.2 billion in Q3 2023.
  • The 5-year median for Operating Expenses is $20.9 billion (2023), against an average of $21.1 billion.
  • The largest annual shift saw Operating Expenses increased 23.01% in 2021 before it decreased 9.09% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $21.9 billion in 2021, then dropped by 1.09% to $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.
  • Per Business Quant, the three most recent readings for FDX's Operating Expenses are $22.1 billion (Q4 2025), $21.1 billion (Q3 2025), and $20.4 billion (Q2 2025).