FedEx : Q1 FY23 Statistical Book

FedEx Corporation

Q1 Fiscal 2023 Statistics

Financial and Operating

Statistics

September 22, 2022

1

This report is a statistical supplement to FedEx's interim financial reports and is prepared

quarterly. Additional copies are available for downloading and printing at

investors.fedex.com. For more information, write or call:

Mickey Foster, Vice President

Elizabeth Allen, Director

Stephen Hughes, Director

Jeffrey Smith, Director

FedEx Corp. Investor Relations

942 S. Shady Grove Road

Memphis, TN 38120

Telephone: [phone]

TABLE OF CONTENTS

• FEDEX CORPORATION

OVERVIEW	1
CONDENSED CONSOLIDATED BALANCE SHEETS	2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	3
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	4
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2020 - FY2021	5
FY2022 - FY2023	6
CAPITAL EXPENDITURES	7
• FEDEX EXPRESS SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	8
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2020 - FY2021	9
FY2022 - FY2023	10
ANNUAL OPERATING STATISTICS	11
QUARTERLY OPERATING STATISTICS
FY2020 - FY2021	12
FY2022 - FY2023	13
AIRCRAFT AND VEHICLE FLEET STATISTICS	14
• FEDEX GROUND SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	15
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2020 - FY2021	16
FY2022 - FY2023	17
ANNUAL OPERATING STATISTICS	18
QUARTERLY OPERATING STATISTICS	19
FY2020 - FY2023
• FEDEX FREIGHT SEGMENT
ANNUAL CONSOLIDATED STATEMENTS OF INCOME	20
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2020 - FY2021	21
FY2022 - FY2023	22
ANNUAL OPERATING STATISTICS	23
QUARTERLY OPERATING STATISTICS
FY2020 - FY2021	24
FY2022 - FY2023	25

Only footnotes pertaining to the current year are displayed at the bottom of pages in the statistical book. For supplemental information related to FY20 - FY22, please refer to the informational notes appendix.

FEDEX CORPORATION

OVERVIEW

FedEx Corporationprovides customers and businesses worldwide with a broad portfolio of transportation, e- commerce, and business services. With annual revenue of $95 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.

FedEx Expressinvented express transportation and remains the industry's global leader, providing rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99 percent of the world's gross domestic product. Unmatched air route authorities and transportation infrastructure, combined with leading-edge information technologies, make FedEx Express the world's largest express transportation company. The FedEx Express business segment financial results include FedEx Custom Critical.

FedEx Groundprovides low-cost,day-certain service to any business address in the U.S. and Canada, as well as residential delivery to 100% of U.S. residences through its FedEx Home Delivery® Service. FedEx Ground Economy, a FedEx Ground service, specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitivebusiness-to-consumer packages.

FedEx Freightis a leading North American provider of less-than-truckload (LTL) freight services across all lengths of haul to businesses and residences. Within the contiguous U.S., the company offers: FedEx Freight Priority, when speed is critical to meet a customer's supply chain needs; FedEx Freight Economy, when a customer can trade time for cost savings; and FedEx Freight Direct, a service to meet the needs of the growing e-commerce market for delivery of heavy, bulky products to or through the door for residences and businesses. FedEx Freight also offers freight delivery service to most points in Puerto Rico and the U.S. Virgin Islands.

FedEx Servicesprovides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support our transportation segments.

Corporate, Other, and Eliminationsincludes corporate headquarters costs for executive officers and certain legal and finance functions, including certain other costs and credits not attributed to our core business, as well as certain costs associated with developing our "innovate digitally" strategic pillar through our FedEx Dataworks operating segment. FedEx Dataworks is focused on creating solutions to transform the digital and physical experiences of our customers and team members. Also included in Corporate and other are the FedEx Office operating segment, which provides an array of document and business services and retail access to our customers for our package transportation businesses, and the FedEx Logistics operating segment, which provides integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding.

CORPORATE HEADQUARTERS:	942 S. Shady Grove Road
	Memphis, TN 38120
COMMON STOCK LISTING:	The New York Stock Exchange
STOCK SYMBOL:	FDX
COMMON SHARES AUTHORIZED:	800,000,000
COMMON SHARES OUTSTANDING:	260,216,350 (as of August 31, 2022)
STOCKHOLDERS OF RECORD:	11,385 (as of August 31, 2022)
TRANSFER AGENT & REGISTRAR:	Computershare
	[phone]	(for regular mail delivery)
	(for overnight delivery)
	150 Royall St., Suite 101	P.O. Box 43006
	Canton, MA 02021	Providence, RI 02940-3078
FISCAL YEAR END:	May 31
Q1 FY23 Stat Book / 1

FedEx Corporation

Condensed Consolidated Balance Sheets

FY 2020 - FY 2023

May 31 .
In millions (except share data)									Aug. 31,
ASSETS	FY 2020		FY 2021		FY 2022			2022
Current Assets
Cash and cash equivalents	$ 4,881	$ 7,087	$ 6,897	$	6,850
Receivables, less allowances	10,102	12,069	11,863			11,055
Spare parts, supplies, and fuel, less allowances		572	587			637			647
Prepaid expenses and other		828	837			968			1,054
Total current assets	16,383		20,580		20,365			19,606
Property and Equipment, at Cost
Aircraft and related equipment	24,518	26,268	27,874
Package handling and ground support equipment	11,382	13,012	14,930
Information technology		6,884	7,486			8,098
Vehicles and trailers		9,101	9,282			9,806
Facilities and other	13,139	14,029	14,567
	65,024		70,077		75,275			76,712
Less accumulated depreciation and amortization	31,416		34,325		37,184			37,906
Net property and equipment	33,608	35,752	38,091			38,806
Other Long-Term Assets
Operating lease right-of-use-assets, net	13,917	15,383	16,613			17,219
Goodwill		6,372	6,992			6,544			6,316
Other assets		3,257	4,070			4,381			3,879
Total other long-term assets	23,546		26,445		27,538			27,414
	$ 73,537	$ 82,777	$ 85,994	$85,826
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT
Current Liabilities
Current portion of long-term debt	$	51	$ 146	$	82	$	139
Accrued salaries and employee benefits		1,569	2,903			2,531			2,263
Accounts payable		3,269	3,841			4,030			4,167
Operating lease liabilities		1,923	2,208			2,443			2,470
Accrued expenses		3,532	4,562			5,188			4,726
Total current liabilities	10,344		13,660		14,274			13,765
Long-Term Debt, Less Current Portion	21,952	20,733	20,182			19,918
Other Long-Term Liabilities
Deferred income taxes		3,162	3,927			4,093			4,134
Pension, postretirement healthcare, and other benefit obligations		5,019	3,501			4,448			4,055
Self-insurance accruals		2,104	2,430			2,889			3,042
Operating lease liabilities	12,195	13,375	14,487			15,118
Other liabilities		466	983			682			654
Total other long-term liabilities	22,946		24,216		26,599			27,003
Commitments and Contingencies
Common Stockholders' Investment
Common stock $0.10 par value; 800 million shares auth.		32	32			32			32
Additional paid-in capital		3,356	3,481			3,712			3,751
Retained earnings	25,216	29,817	32,782			33,060
Accumulated other comprehensive (loss) income		(1,147)	(732)			(1,103)			(1,314)
Treasury stock, at cost		(9,162)	(8,430)	(10,484)	(10,389)
Total common stockholders' investment	18,295		24,168		24,939			25,140
	$ 73,537	$ 82,777	$ 85,994	$85,826

Unaudited. Differences may result due to rounding.

Q1 FY23 Stat Book / 2