U.S. Pension Plans was Fedex’s largest region in fiscal 2026, bringing in $67.94B of $93.42B (73%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. Pension Plans | $64.89B | $63.53B | $62.92B | $67.94B | ||||||||
| U.S. Plans | — | — | — | — | ||||||||
| U.S | — | — | — | — | ||||||||
| International: | $23.95B | $23.14B | $23.72B | $25.48B | ||||||||
| International | — | — | — | — | ||||||||
| Total | $88.84B | $86.67B | $86.64B | $93.42B |
Fedex brought in $93.42B from its two regions in fiscal 2026, the year ended May 31, 2026. That was up 7.8% from $86.64B in fiscal 2025. U.S. Pension Plans was the largest at $67.94B (72.7%), ahead of International: at $25.48B (27.3%).
Compared with fiscal 2025, U.S. Pension Plans grew 8.0% to $67.94B and International: grew 7.4% to $25.48B. From fiscal 2023 to 2026, combined revenue from these regions grew from $88.84B to $93.42B, a compound annual growth rate of 1.7%. U.S. Pension Plans' share held steady at about 72.7%.
Guarantor Subsidiaries [Member[ was Fedex’s largest revenue line in fiscal 2015, bringing in $39.42B of $47.83B (82%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|---|---|---|
| Guarantor Subsidiaries [Member[ | — | — | — | $39.42B | |||
| Revenues | -$301.00M | -$329.00M | -$341.00M | — | |||
| Non Guarantor Subsidiaries | — | — | — | $8.41B | |||
| Total | -$301.00M | -$329.00M | -$341.00M | $47.83B |
Fedex brought in $47.83B from its two revenue lines in fiscal 2015, the year ended May 31, 2015. Guarantor Subsidiaries [Member[ was the largest at $39.42B (82.4%), ahead of Non Guarantor Subsidiaries at $8.41B (17.6%).
Fedex began breaking out Guarantor Subsidiaries [Member[ in fiscal 2015 and Non Guarantor Subsidiaries in fiscal 2015.
Guarantor Subsidiaries [Member[ was Fedex’s largest revenue line in fiscal 2018, bringing in $48.60B of $65.86B (74%).
| Consolidated Entities | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|
| Guarantor Subsidiaries [Member[ | $42.14B | $44.82B | $48.60B |
| Guarantor Subsidiaries | — | $44.82B | — |
| Non Guarantor Subsidiaries | $8.55B | $15.80B | $17.26B |
| Non-Guarantor Subsidiaries | — | $15.80B | — |
| Total | $50.69B | $121.24B | $65.86B |
Fedex brought in $65.86B from its two revenue lines in fiscal 2018, the year ended May 31, 2018. Fedex regrouped these revenue lines after fiscal 2017, so the total does not compare directly with that year's $121.24B. Guarantor Subsidiaries [Member[ was the largest at $48.60B (73.8%), ahead of Non Guarantor Subsidiaries at $17.26B (26.2%).
Compared with fiscal 2017, Non Guarantor Subsidiaries grew 9.2% to $17.26B and Guarantor Subsidiaries [Member[ grew 8.4% to $48.60B. From fiscal 2016 to 2018, combined revenue from these revenue lines grew from $50.69B to $65.86B, a compound annual growth rate of 14.0%. Guarantor Subsidiaries [Member['s share of the total fell from 83.1% to 73.8%.
Fedex stopped reporting Guarantor Subsidiaries ($44.82B in fiscal 2017) and Non-Guarantor Subsidiaries ($15.80B in fiscal 2017) as separate revenue lines.
Fedex (FDX) reports its revenue by geography, by legal entity and by consolidated entities. In fiscal 2026, U.S. Pension Plans was its largest region, bringing in $67.94B (72.7% of the total), followed by International: at $25.48B (27.3%).
U.S. Pension Plans was Fedex's largest region in fiscal 2026, bringing in $67.94B, or 72.7% of the $93.42B total across its two regions.
Guarantor Subsidiaries [Member[ was Fedex's largest revenue line in fiscal 2015, bringing in $39.42B, or 82.4% of the $47.83B total across its two revenue lines.
U.S. Pension Plans grew faster than International: in fiscal 2026, up 8.0% from $62.92B to $67.94B. International: grew 7.4% to $25.48B.
Every figure comes from Fedex's annual financial filings, as reported. Each line keeps the name Fedex gives it, and years follow its fiscal calendar.
Fedex's revenue by geography goes back to fiscal 2015, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.