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Business Segment Information (Tables)
9 Months Ended
Feb. 28, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Information

The following table provides a reconciliation of reportable segment revenue and operating income (loss) to our unaudited condensed consolidated financial statement totals for the periods ended February 28, 2025 and February 29, 2024 (in millions):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

890

 

 

 

861

 

 

 

2,784

 

 

 

2,671

 

 

 

$

22,160

 

 

$

21,738

 

 

$

65,706

 

 

$

65,584

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Federal Express segment

 

$

1,294

 

 

$

1,173

 

 

$

3,299

 

 

$

3,514

 

FedEx Freight segment

 

 

261

 

 

 

341

 

 

 

1,012

 

 

 

1,314

 

Corporate, other, and eliminations

 

 

(263

)

 

 

(271

)

 

 

(887

)

 

 

(824

)

 

 

$

1,292

 

 

$

1,243

 

 

$

3,424

 

 

$

4,004

 

The following table provides a reconciliation of reportable segment assets to our unaudited condensed consolidated financial statement totals as of the periods presented (in millions):

 

 

February 28, 2025
(Unaudited)

 

 

May 31,
2024

 

Total assets:

 

 

 

 

 

 

Federal Express segment

 

$

72,252

 

 

$

73,259

 

FedEx Freight segment

 

 

12,479

 

 

 

11,615

 

Corporate, other, and eliminations

 

 

312

 

 

 

2,133

 

 

 

$

85,043

 

 

$

87,007