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General (Tables)
9 Months Ended
Feb. 29, 2024
Accounting Policies [Abstract]  
Schedule of Revenue by Service Type

The following table provides revenue by service type (in millions) for the periods ended February 29, 2024 and February 28, 2023. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

REVENUE BY SERVICE TYPE

 

 

 

 

 

 

 

 

 

 

 

 

FedEx Express segment:

 

 

 

 

 

 

 

 

 

 

 

 

Package:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. overnight box

 

$

2,145

 

 

$

2,165

 

 

$

6,491

 

 

$

6,718

 

U.S. overnight envelope

 

 

450

 

 

 

478

 

 

 

1,382

 

 

 

1,477

 

U.S. deferred

 

 

1,317

 

 

 

1,346

 

 

 

3,712

 

 

 

3,886

 

Total U.S. domestic package revenue

 

 

3,912

 

 

 

3,989

 

 

 

11,585

 

 

 

12,081

 

International priority

 

 

2,318

 

 

 

2,566

 

 

 

7,035

 

 

 

8,286

 

International economy

 

 

1,014

 

 

 

698

 

 

 

3,123

 

 

 

2,116

 

Total international export package revenue

 

 

3,332

 

 

 

3,264

 

 

 

10,158

 

 

 

10,402

 

International domestic(1)

 

 

1,016

 

 

 

1,003

 

 

 

3,126

 

 

 

3,013

 

Total package revenue

 

 

8,260

 

 

 

8,256

 

 

 

24,869

 

 

 

25,496

 

Freight:

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

 

648

 

 

 

719

 

 

 

1,814

 

 

 

2,299

 

International priority

 

 

520

 

 

 

687

 

 

 

1,642

 

 

 

2,387

 

International economy

 

 

389

 

 

 

358

 

 

 

1,236

 

 

 

1,123

 

International airfreight

 

 

31

 

 

 

47

 

 

 

92

 

 

 

126

 

Total freight revenue

 

 

1,588

 

 

 

1,811

 

 

 

4,784

 

 

 

5,935

 

Other

 

 

253

 

 

 

278

 

 

 

787

 

 

 

905

 

Total FedEx Express segment

 

 

10,101

 

 

 

10,345

 

 

 

30,440

 

 

 

32,336

 

FedEx Ground segment

 

 

8,703

 

 

 

8,658

 

 

 

25,762

 

 

 

25,211

 

FedEx Freight segment

 

 

2,125

 

 

 

2,186

 

 

 

6,776

 

 

 

7,363

 

FedEx Services segment

 

 

64

 

 

 

87

 

 

 

201

 

 

 

225

 

Other and eliminations(2)

 

 

745

 

 

 

893

 

 

 

2,405

 

 

 

3,090

 

 

 

$

21,738

 

 

$

22,169

 

 

$

65,584

 

 

$

68,225

 

(1)
International domestic revenue relates to our international intra-country operations.
(2)
Includes the FedEx Office and Print Services, Inc. (“FedEx Office”), FedEx Logistics, Inc. (“FedEx Logistics”), and FedEx Dataworks, Inc. (“FedEx Dataworks”) operating segments.