Fedex (FDX) Operating Expenses (2009 - 2026)

Fedex has disclosed Operating Expenses across 18 years of filings, most recently posting $23.5 billion for Q2 2026.

• In Q2 2026, Operating Expenses rose 14.83% year-over-year to $23.5 billion; the TTM figure through May 2026 stood at $89.3 billion (up 7.92% YoY), while the FY2026 annual figure was $89.3 billion, up 7.92% from the prior year.
• Operating Expenses came in at $23.5 billion for Q2 2026 at Fedex, up from $22.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $23.5 billion in Q2 2026 to a low of $20.2 billion in Q3 2023.
• Average Operating Expenses over 5 years is $21.3 billion, with a median of $21.0 billion recorded in 2024.
• Year-over-year, Operating Expenses decreased 9.09% in 2023 and climbed 14.83% in 2026.
• Over 5 years, 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 gained by 6.18% to $23.5 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $23.5 billion in Q2 2026, $22.7 billion in Q1 2026, and $22.1 billion in Q4 2025.