v3.26.3
BUSINESS SEGMENTS AND DISAGGREGATED REVENUE (Tables)
 4 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present segment information for the periods ended September 30, 2026 and 2025 (in millions):
Three Months EndedFour Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Express U.S. Domestic segment:
Revenue$14,710 $13,392 $19,748 $17,596 
Other segment items13,764 12,508 18,348 16,508 
Operating income
$946 $884 $1,400 $1,088 
Express International segment:
Revenue$7,465 $6,363 $9,994 $8,398 
Other segment items7,245 6,171 9,595 8,179 
Operating income$220 $192 $399 $219 
Reconciliation of segment operating income to income before income taxes:
Total Express U.S. Domestic and Express International operating income$1,166 $1,076 $1,799 $1,307 
Other operating loss(1)
(99)(104)(188)(178)
Operating income$1,067 $972 $1,611 $1,129 
Other (expense) income:
Gain (loss) on short-term investment(1,238)— 3,254 — 
Interest, net(66)(125)(89)(166)
Other non-operating, net661 67 860 82 
Total other (expense) income(643)(58)4,025 (84)
Income before income taxes$424 $914 $5,636 $1,045 
(1)Revenue and operating income (loss) from segments below the quantitative thresholds are attributable to operating segments contained within “Corporate, other, and eliminations.” These operating segments include FedEx Corporate, FedEx Office, FedEx Supply Chain and FedEx Dataworks.
Three Months EndedFour Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Depreciation and amortization
Express U.S. Domestic segment$647 

$656 $863 $879 
Express International segment294 

292 392 

392 
Other depreciation and amortization(1)
26 24 35 31 
Consolidated Depreciation and Amortization$967 $972 $1,290 $1,302 
(1)Depreciation and amortization from segments below the quantitative thresholds are attributable to operating segments contained within “Corporate, other, and eliminations.” These operating segments include FedEx Corporate, FedEx Office, FedEx Supply Chain and FedEx Dataworks.
Schedule of Revenue by Service Type and Geographical Information
The following table presents revenue by service type for the periods ended September 30, 2026 and 2025 (in millions):
Three Months EndedFour Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Revenue by service type
Express U.S. Domestic segment:
U.S. Package:


U.S. priority
$3,142 

$2,826 $4,199 

$3,710 
U.S. deferred
1,406 

1,302 1,887 1,708 
U.S. ground
9,545 

8,748 12,844 11,526 
Total package revenue
14,093 

12,876 18,930 16,944 
U.S. Freight
366 

315 486 409 
Other
251 

201 332 243 
Total revenue
14,710 13,392 19,748 17,596 
Express International segment:
Intl Package:
International priority
2,677 

2,325 3,595 3,049 
International economy
1,680 

1,403 2,232 1,845 
International domestic(1)
1,156 

1,166 1,561 1,547 
Total package revenue
5,513 

4,894 7,388 6,441 
Freight:
International priority
784 

588 1,045 791 
International economy
658 

538 876 714 
Total freight revenue
1,442 

1,126 1,921 1,505 
Other
510 343 685 452 
Total revenue
7,465 6,363 9,994 8,398 
Other and eliminations(2)
680 677 900 900 
Consolidated Revenue$22,855 $20,432 $30,642 $26,894 
(1)International domestic revenue relates to our intra-country operations.
(2)Includes FedEx Office, FedEx Supply Chain, and FedEx Dataworks operating segments.