Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.4B | $60.3B | $65.5B | $69.7B | $69.2B | $84.0B | $93.5B | $90.2B | $87.7B | $87.9B |
| Revenue growth | — | 19.8% | 8.5% | 6.5% | -0.7% | 21.3% | 11.4% | -3.6% | -2.7% | 0.3% |
| Operating income | $3.08B | $4.57B | $4.27B | $4.47B | $2.42B | $5.86B | $6.25B | $4.91B | $5.56B | $5.22B |
| Operating margin | 6.1% | 7.6% | 6.5% | 6.4% | 3.5% | 7.0% | 6.7% | 5.4% | 6.3% | 5.9% |
| Net income | $1.82B | $3.00B | $4.57B | $540M | $1.29B | $5.23B | $3.83B | $3.97B | $4.33B | $4.09B |
| Net margin | 3.6% | 5.0% | 7.0% | 0.8% | 1.9% | 6.2% | 4.1% | 4.4% | 4.9% | 4.7% |
| EPS (diluted) | $6.51 | $11.07 | $16.79 | $2.03 | $4.90 | $19.45 | $14.33 | $15.48 | $17.21 | $16.81 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.71B | $4.93B | $4.67B | $5.61B | $5.10B | $10.1B | $9.83B | $8.85B | $8.31B | $7.04B |
| Capital expenditures | $4.82B | $5.12B | $5.66B | $5.49B | $5.87B | $5.88B | $6.76B | $6.17B | $5.18B | $4.05B |
| Free cash flow | $890M | -$186M | -$989M | $123M | -$771M | $4.25B | $3.07B | $2.67B | $3.14B | $2.98B |
| Share buybacks | $2.72B | $509M | $1.02B | $1.48B | $3.00M | — | $2.25B | $1.50B | $2.50B | $3.02B |
| Dividends paid | $277M | $426M | $535M | $683M | $679M | $686M | $793M | $1.18B | $1.26B | $1.34B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.53B | $3.97B | $3.27B | $2.32B | $4.88B | $7.09B | $6.90B | $6.86B | $6.50B | $5.50B |
| Total assets | $46.0B | $48.6B | $52.3B | $54.4B | $73.5B | $82.8B | $86.0B | $87.1B | $87.0B | $87.6B |
| Long-term debt | $13.7B | $14.9B | $16.5B | $17.5B | $21.5B | $19.4B | $19.8B | $19.8B | $19.8B | $19.9B |
| Shareholders' equity | $13.8B | $16.1B | $19.4B | $17.8B | $18.3B | $24.2B | $24.9B | $26.1B | $27.6B | $28.1B |
| Retained earnings | $18.4B | $20.8B | $24.8B | $24.6B | $25.2B | $29.8B | $32.8B | $35.3B | $38.6B | $41.4B |
| Shares (wtd avg diluted) | 279M | 270M | 272M | 265M | 262M | 268M | 266M | 256M | 251M | 243M |
Every figure is extracted from FEDEX CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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