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Description of Business Segments and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Feb. 28, 2025
Accounting Policies [Abstract]  
Schedule of Revenue by Service Type The following table provides revenue by service type (in millions) for the three- and nine-month periods ended February 28, 2025 and February 29, 2024. This presentation is consistent with how we organize our segments internally for making operating decisions and measuring performance.

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

REVENUE BY SERVICE TYPE

 

 

 

 

 

 

 

 

 

 

 

 

Federal Express segment:

 

 

 

 

 

 

 

 

 

 

 

 

Package:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. priority

 

$

2,646

 

 

$

2,595

 

 

$

7,800

 

 

$

7,873

 

U.S. deferred

 

 

1,386

 

 

 

1,316

 

 

 

3,736

 

 

 

3,710

 

U.S. ground

 

 

8,986

 

 

 

8,363

 

 

 

25,298

 

 

 

24,805

 

Total U.S. domestic package revenue

 

 

13,018

 

 

 

12,274

 

 

 

36,834

 

 

 

36,388

 

International priority

 

 

2,097

 

 

 

2,317

 

 

 

6,534

 

 

 

7,034

 

International economy

 

 

1,465

 

 

 

1,107

 

 

 

4,413

 

 

 

3,407

 

Total international export package revenue

 

 

3,562

 

 

 

3,424

 

 

 

10,947

 

 

 

10,441

 

International domestic(1)

 

 

1,078

 

 

 

1,139

 

 

 

3,380

 

 

 

3,492

 

Total package revenue

 

 

17,658

 

 

 

16,837

 

 

 

51,161

 

 

 

50,321

 

Freight:

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

 

286

 

 

 

641

 

 

 

1,238

 

 

 

1,795

 

International priority

 

 

551

 

 

 

520

 

 

 

1,717

 

 

 

1,641

 

International economy

 

 

470

 

 

 

438

 

 

 

1,462

 

 

 

1,380

 

Total freight revenue

 

 

1,307

 

 

 

1,599

 

 

 

4,417

 

 

 

4,816

 

Other

 

 

216

 

 

 

236

 

 

 

749

 

 

 

734

 

Total Federal Express segment

 

 

19,181

 

 

 

18,672

 

 

 

56,327

 

 

 

55,871

 

FedEx Freight segment

 

 

2,089

 

 

 

2,205

 

 

 

6,595

 

 

 

7,042

 

Other and eliminations(2)

 

 

890

 

 

 

861

 

 

 

2,784

 

 

 

2,671

 

 

 

$

22,160

 

 

$

21,738

 

 

$

65,706

 

 

$

65,584

 
(1)
International domestic revenue relates to our international intra-country operations.
(2)
Includes the FedEx Dataworks, Inc. (“FedEx Dataworks”), FedEx Office and Print Services, Inc. (“FedEx Office”), and FedEx Logistics, Inc. (“FedEx Logistics”) operating segments.
Schedule of Obligation Confirmed and Paid A rollforward of obligations confirmed and paid during the nine-month period ended February 28, 2025 is presented below (in millions):

Confirmed obligations outstanding at beginning of period

 

$

94

 

Invoices confirmed during the period

 

 

457

 

Confirmed invoices paid during the period

 

 

(460

)

Currency translation adjustments

 

 

(4

)

Confirmed obligations outstanding at end of period

 

$

87