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How FedEx (FDX) makes money
FedEx (FDX) made $22.9B of revenue in the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $22.9B | 100.0% |
| Operating profit | $1.1B | 4.7% |
| Income tax | $134M | 0.6% |
| Net earnings | $290M | 1.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $22.9B | +12% |
| Q4 FY26 | $25.0B | +12% |
| Q3 FY26 | $24.0B | +8% |
| Q2 FY26 | $23.5B | +7% |
| Q1 FY26 | $22.2B | +3% |
| Q4 FY25 | $22.2B | +0.5% |
| Q3 FY25 | $22.2B | +2% |
From FedEx's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does FedEx make money?
FedEx (FDX) made $22.9B of revenue in the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 1¢ was left as net earnings.
What is FedEx's profit margin?
Net earnings were $290M, 1.3% of revenue, in the first quarter fiscal 2027; the operating margin was 4.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.