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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q4 FY262026-05-31 | Q3 FY262026-02-28 | Q2 FY262025-11-30 | Q1 FY262025-08-31 | Q4 FY252025-05-31 | Q3 FY252025-02-28 | Q2 FY252024-11-30 | Q1 FY252024-08-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.01B | $24.00B | $23.47B | $22.24B | $22.22B | $22.16B | $21.97B | $21.58B |
| Cost of revenue | −$17.46B | $6.08B | $5.89B | $6.68B | −$16.41B | $5.63B | $5.50B | $6.44B |
| Gross profit | $42.46B | $17.92B | $17.58B | $15.56B | $38.63B | $16.53B | $16.47B | $15.14B |
| Gross margin | 169.8% | 74.7% | 74.9% | 70.0% | 173.8% | 74.6% | 75.0% | 70.2% |
| Selling, general and administrative | $8.57B | $8.82B | $8.40B | $8.06B | $7.69B | $7.88B | $7.88B | $7.79B |
| Operating expenses | $40.91B | $16.57B | $16.15B | $14.32B | $36.84B | $15.23B | $15.37B | $14.01B |
| Operating income | $1.55B | $1.35B | $1.44B | $1.25B | $1.79B | $1.29B | $1.10B | $1.13B |
| Operating margin | 6.2% | 5.6% | 6.1% | 5.6% | 8.1% | 5.8% | 5.0% | 5.2% |
| EBITDA | $2.67B | $2.46B | $2.51B | $2.34B | $2.87B | $2.36B | $2.17B | $2.21B |
| Interest income | $829.00M | −$138.00M | −$135.00M | −$119.00M | $665.00M | −$116.00M | −$102.00M | −$84.00M |
| Interest expense | −$970.00M | $0 | — | — | −$789.00M | $0 | — | — |
| Income before taxes | $2.11B | $1.26B | $1.29B | $1.13B | $2.22B | $1.18B | $981.00M | $1.06B |
| Income taxes | $510.00M | $207.00M | $333.00M | $310.00M | $575.00M | $272.00M | $240.00M | $262.00M |
| Net income | $1.60B | $1.06B | $956.00M | $824.00M | $1.65B | $909.00M | $741.00M | $794.00M |
| Net margin | 6.4% | 4.4% | 4.1% | 3.7% | 7.4% | 4.1% | 3.4% | 3.7% |
| EPS, basic | $6.65 | $4.46 | $4.07 | $3.48 | $6.90 | $3.79 | $3.06 | $3.24 |
| EPS, diluted | $6.61 | $4.41 | $4.04 | $3.46 | $6.87 | $3.76 | $3.03 | $3.21 |
| Diluted shares | 240.53M | 239.00M | 236.00M | 238.00M | 239.00M | 242.00M | 244.00M | 247.00M |
Figures describe FedEx shares, not any token. As of Jul 20, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.