Full Year
FDX — Fiscal 2026 Annual Report Analysis (FY ended May 31, 2026)
FedEx's last May-ending fiscal year: revenue rose 7.7% to $94.7bn on a 6% jump in revenue per package, but consolidated operating margin still slipped 10bp because $738m of FedEx Freight spin-off costs wiped out a 70bp improvement in the core express business.