External

Historical Statistics
FedEx Corporation
Financial and Operating Statistics
FY 2001 FY 2010
This report is a statistical supplement to FedExs financial reports and should be

used in conjunction with our quarterly statistical book for more recent information.
Additional copies are available for downloading and printing at
www.fedex.com/us/investorrelations. For more information, write or call:
Mickey Foster, Vice President
Stephen Hughes, Director
Jeff Smith, Director
Elizabeth Allen, Manager
FedEx Corp. Investor Relations
942 S. Shady Grove Road
Memphis, TN 38120
Telephone: (901) 818-7200
TABLE OF CONTENTS
FEDEX CORP.
OVERVIEW
CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
ANNUAL CONSOLIDATED STATEMENTS OF INCOME
QUARTERLY CONSOLIDATED STATEMENTS OF INCOME
FY2001 FY2002
FY2003 FY2004
FY2005 FY2006
FY2007 FY2008
FY2009 FY2010
CAPITAL EXPENDITURES
1
2
3
4
5
6
7
8
9
10
FEDEX EXPRESS SEGMENT

FY2001 FY2002
FY2003 FY2004
FY2005 FY2006
FY2007 FY2008
FY2009 FY2010
ANNUAL SHIPMENT STATISTICS
QUARTERLY SHIPMENT STATISTICS
FY2001 FY2002
FY2003 FY2004
FY2005 FY2006
FY2007 FY2008
FY2009 FY2010
AIRCRAFT AND VEHICLE FLEET STATISTICS
JET FUEL STATISTICS
11
12
13
14
15
16
17
18
19
20
21
22
23
24
FEDEX GROUND SEGMENT

FY2001 FY2002
FY2003 FY2004
FY2005 FY2006
FY2007 FY2008
FY2009 FY2010
25
26
27
28
29
30
31
32
FEDEX FREIGHT SEGMENT

FY2001 FY2002
FY2003 FY2004
FY2005 FY2006
FY2007 FY2008
FY2009 FY2010
33
34
35
36
37
38
39
40
FEDEX CORPORATION
OVERVIEW
FedEx Corporation provides customers and businesses worldwide with a broad
portfolio of transportation, e-commerce and business services. With annual
revenues of $43 billion, the company offers integrated business applications
through operating companies competing collectively and managed collaboratively,
under the respected FedEx brand. Consistently ranked among the world's most
admired and trusted employers, FedEx inspires its more than 300,000 team
members to remain "absolutely, positively" focused on safety, the highest ethical
and professional standards and the needs of their customers and communities.
FedEx Express invented express distribution and remains the industrys global
leader, providing rapid, reliable, time-definite delivery to more than 220 countries
and territories, connecting markets that comprise more than 90 percent of the
worlds gross domestic product within one to three business days. Unmatched air
route authorities and transportation infrastructure, combined with leading-edge
information technologies, make FedEx Express the worlds largest express
transportation company, providing fast and reliable services for more than 3.6
million shipments each business day.
FedEx Ground is a leading North American provider of ground small-package
delivery services, providing service to the U.S. and Canada. FedEx Home Delivery,
the industrys first ground service dedicated to residential delivery, is available from
FedEx Ground and is backed by a money-back guarantee. FedEx Ground segment
financial results include FedEx SmartPost, which specializes in the consolidation
and delivery of high volumes of low-weight, less time-sensitive business-toconsumer packages using the U.S. Postal Service for final delivery to any
residential address or P.O. Box in the United States.
FedEx Freight is the North American market leader in providing less-than-truckload
(LTL) freight services across all lengths of haul. FedEx Freight segment financial
results also include FedEx Custom Critical, North Americas largest time-specific,
critical shipment carrier.
FedEx Services operates combined sales, marketing, administrative and
information technology functions in shared services operations that support our
transportation businesses and allow us to obtain synergies from the combination of
these functions. The FedEx Services segment includes: FedEx Services, which
provides sales, marketing, information technology, communications and back-office
support to our other companies; FedEx TechConnect, which is responsible for
customer service, technical support, billings and collections for U.S. customers of
our major business units; and FedEx Office, which provides an array of document
and business services and retail access to our customers for our package
transportation businesses.
FedEx Historical Stat Book /
FedEx Corp. Condensed Consolidated Balance Sheets

FY 2001 FY 2010
May 31
In millions (except share data)
.
FY 2001 FY 2002 FY 2003 FY 2004
FY 2005 FY 2006 FY 2007
FY 2008
FY 2009 FY 2010
ASSETS
Current Assets:
Cash and cash equivalents
Other current assets:
Receivables, less allowances
Spare parts, supplies and fuel, less allowances
Deferred income taxes
Prepaid expenses and other
Total other current assets
Total current assets
Property and Equipment, at Cost:
Aircraft and related equipment
Package handling and GSE and vehicles
Computer and electronic equipment
Other
Less accumulated depreciation and amort.
Net property and equipment
Other Long-Term Assets:
Goodwill
Pension assets
Other assets
Total other long-term assets
$ 121
$ 331
$ 538
$ 1,046
$ 1,039
$ 1,937
$ 1,569
$ 1,539
$ 2,292
$ 1,952
2,506
269
488
117
3,380
2,491
251
469
123
3,334
2,627
228
416
132
3,403
3,027
249
489
159
3,924
3,297
250
510
173
4,230
3,516
308
539
164
4,527
3,942
338
536
244
5,060
4,359
435
544
367
5,705
3,391
367
511
555
4,824
4,163
389
529
251
5,332
3,501
3,665
3,941
4,970
5,269
6,464
6,629
7,244
7,116
7,284
5,313
4,621
2,637
3,841
16,412
8,312
5,843
4,866
2,816
4,051
17,576
9,274
6,624
5,013
3,180
4,200
19,017
10,317
7,001
5,296
3,537
4,477
20,311
11,274
7,610
5,360
3,893
5,154
22,017
12,374
8,611
5,761
4,331
5,371
24,074
13,304
9,593
6,450
4,685
6,362
27,090
14,454
10,165
7,571
5,040
6,529
29,305
15,827
10,118
8,038
4,280
6,824
29,260
15,843
11,640
8,363
4,218
7,081
31,302
16,917
8,100
8,302
8,700
9,037
9,643
10,770
12,636
13,478
13,417
14,385
3,165
827
919
2,229
311
1,171
2,200
1,033
1,052
1,063
-
1,063
-
2,802
-
2,835
-
2,825
-
3,497
-
739
782
1,681
2,325
2,657
2,631
1,791
1,845
2,744
5,127
5,492
5,456
1,238
4,735
4,911
3,711
3,233
$13,392
$13,812
$15,385
$19,134
$20,404
$22,690
$24,000
$25,633
$24,244
$24,902
$ 308
$ 750
$ 369
$ 850
$ 639
$ 502
$ 653
$ 262
700
1,256
1,073
3,029
739
1,133
975
2,847
724
1,168
1,135
3,027
1,062
1,615
1,380
4,057
1,275
1,739
1,351
4,365
1,325
1,908
1,390
4,623
1,354
2,016
1,419
4,789
1,118
2,195
1,553
4,866
861
1,372
1,638
3,871
1,146
1,522
1,715
4,383
3,250
2,853
3,335
4,807
4,734
5,473
5,428
5,368
4,524
4,645
1,900
1,800
1,709
2,837
2,427
1,592
2,007
1,506
1,930
1,668
508
599
882
1,106
1,206
1,367
897
1,264
1,071
891
1,834
2,015
2,171
2,348
2,449
2,747
3,012
2,969
3,093
3,887
30
1,120
4,880
30
1,144
5,465
30
1,088
6,250
30
1,079
7,001
30
1,213
8,363
31
1,438
10,068
31
1,689
11,970
31
1,922
13,002
31
2,053
12,919
31
2,261
13,966
(56)
5,974
74
(53)
6,586
41
(30)
7,338
50
(46)
8,064
28
(17)
9,589
1
(24)
11,513
2
(1,030)
12,660
4
(425)
14,530
4
(1,373)
13,630
4
(2,440)
13,818
7
LIABILITIES AND STOCKHOLDERS' INVESTMENT

Current Liabilities:
Current portion of long-term debt
Other current liabilities:
Accrued salaries and employee benefits
Accounts payable
Accrued expenses
Total other current liabilities
Total current liabilities
Long-Term Debt, Less Current Portion
Deferred Income Taxes
Other Long-Term Liabilities
$ 221
COMMON STOCKHOLDERS' INVESTMENT:

Common stock $0.10 par value;
800 million shares authorized
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss2
Less treasury stock, at cost, and deferred comp.
Total common stockholders' investment
5,900
6,545
7,288
8,036
9,588
11,511
12,656
14,526
13,626
13,811
$13,392
$13,812
$15,385
$19,134
$20,404
$22,690
$24,000
$25,633
$24,244
$24,902
1 - Financial information for FedEx Office has been included from February 12, 2004.
2 - Includes other comprehensive income charge of $1.2 billion, net of taxes, related to the funded status of our retirement plans at May 31, 2009 and other comprehensive income charge of $1.0 billion, net of taxes,
related to the funded status of our retirement plans at May 31, 2010.
Differences may result due to rounding.
2 / FedEx Historical Stat Book
FedEx Corp. Condensed Consolidated Statements of Cash Flows

FY 2001 FY 2010
Years ended May 31
In millions
Operating Activities:
Income from continuing operations
Noncash charges:
Lease accounting charge
Depreciation and amortization
Other, net2
Changes in operating assets and liabilities, net
Net cash provided by operating activities
Investing Activities:
Capital expenditures
Proceeds from sale-leaseback transactions
Business acquisitions, net of cash acquired
Proceeds from asset dispositions and other
Net cash used in investing activities
Financing Activities:
Principal payments on debt
Proceeds from debt issuances
Proceeds from stock issuances
Excess tax benefits on the exercise of stock option
Dividends paid
Purchases of treasury stock
Other, net
Net cash (used in) provided by financing activities
FY 2001
FY 2002
FY 2003
FY 2004
$ 584
$ 710
$ 830
$ 838
1,276
216
(32)
1,364
209
(55)
1,351
454
(764)
1,375
141
666
1,462
209
(3)
79
1,548
379
(136)
1,742
246
(447)
1,946
1,241
(847)
1,975
1,682
(1,002)
1,958
574
(578)
2,044
2,228
1,871
3,020
3,117
3,676
3,557
3,465
2,753
3,138
(1,893)
237
(477)
20
(2,113)
(1,615)
(35)
38
(1,612)
(1,511)
21
(1,490)
(1,271)
(2,410)
19
(3,662)
(2,236)
(122)
10
(2,348)
(2,518)
64
(2,454)
(2,882)
(1,310)
68
(4,124)
(2,947)
(4)
54
(2,897)
(2,459)
(3)
79
(2,383)
(2,816)
35
(2,781)
(650)
744
29
(1)
(320)
88
(177)
3
(10)
81
(60)
(186)
1
(319)
1,599
115
(66)
(179)
(791)
99
(84)
(369)
144
(97)
(2)
(906)
1,054
115
45
(110)
(5)
(639)
108
38
(124)
(501)
1,000
41
4
(137)
(7)
(653)
94
25
(138)
(20)
122
(406)
(174)
1,150
(776)
(324)
193
(617)
400
(692)
19
(17)
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
$1,449
$1,806
$2,016
$ 1,125
$98
$1,184
Effect of exchange rate changes on cash

Cash provided by (used in) continuing operations
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
6
53
68
$ 121
210
121
$ 331
207
331
$ 538
508
538
$ 1,046
(7)
1,046
$ 1,039
898
1,039
$ 1,937
(368)
1,937
$ 1,569
(30)
1,569
$ 1,539
753
1,539
$ 2,292
(5)
(340)
2,292
$ 1,952
1 - Financial information for FedEx Office has been included from February 12, 2004.
2 - FY08 includes noncash impairment charges of $882 million associated with the decision to minimize the use of the Kinko's tradename ($515 million) and goodwill resulting from the Kinko's acquisition ($367
million). FY09 noncash impairment charges of $1.1 billion include an $810 million charge related to the reduction of the value of goodwill related to the Kinko's acquisition, $90 million related to the reduction of
the value of goodwill related to the Watkins Motor Lines acquisition and asset impairment charges primarily related to aircraft.
FedEx Corp. Annual Consolidated Statements of Income

FY 2001 FY 2010
Years ended May 31
In millions, except EPS and FTEs
FY 2001
Revenue:
FedEx Express segment
FedEx Ground segment
FedEx Freight segment1
2
FedEx Services segment
Other & eliminations
Total Revenue
$15,645
2,565
993
426
19,629
Operating Expenses:
Salaries and employee benefits3
4
Purchased transportation
5
Rentals and landing fees
Fuel4
Maintenance and repairs
Airline stabilization
Business realignment costs6
7
Impairment and other charges

8
Other
Total Operating Expenses
Operating Income (Loss):

FedEx Express segment3,5,6,7,8
4,8

1,7
FedEx Freight segment
2,7
Total Operating Income
Other Income (Expense):
Interest, net
Other, net
Total Other Income (Expense)
FY 2002
$15,438
2,918
2,253
(2)
20,607
FY 2003
FY 2004
$16,467
3,581
2,443
(4)
22,487
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
$17,497
3,910
2,689
620
(6)
24,710
$19,485
4,680
3,217
2,066
(85)
29,363
$21,446
5,306
3,645
2,088
(191)
32,294
$22,681
6,043
4,586
2,137
(233)
35,214
$24,421
6,751
4,934
2,138
(291)
37,953
$22,364
7,047
4,415
1,977
(306)
35,497
$21,555
7,439
4,321
1,770
(351)
34,734
8,263
1,713
1,650
1,276
9,099
1,825
1,780
1,364
9,778
2,155
1,803
1,351
10,728
2,407
1,918
1,375
11,963
2,935
2,299
1,462
12,571
3,251
2,390
1,550
13,740
3,977
2,343
1,742
14,202
4,634
2,441
1,946
13,767
4,534
2,429
1,975
14,027
4,728
2,359
1,958
1,163
1,170
1,146
1,240
(119)
1,396
1,398
1,531
1,523
2,317
1,695
48
3,256
1,777
3,429
1,952
4,409
2,068
3,811
1,898
3,106
1,715
3,323
18,558
2,951
19,286
3,135
21,016
435
3,353
23,270
4,173
26,892
4,485
29,280
4,755
31,938
882
5,296
35,878
1,204
5,132
34,750
18
4,825
32,736
836
113
61
61
1,071
801
337
185
(2)
1,321
783
494
193
1
1,471
665
531
244
1,440
1,493
624
354
2,471
1,813
716
485
3,014
1,991
822
463
3,276
1,901
736
329
(891)
2,075
794
807
(44)
(810)
747
1,127
1,024
(153)
1,998
(144)
(144)
(139)
(22)
(161)
(118)
(15)
(133)
(116)
(5)
(121)
(139)
(19)
(158)
(104)
(11)
(115)
(53)
(8)
(61)
(54)
(5)
(59)
(59)
(11)
(70)
(71)
(33)
(104)
Income Before Income Taxes
927
1,160
1,338
1,319
2,313
2,899
3,215
2,016
677
Provision for Income Taxes9
343
435
508
481
864
1,093
1,199
891
579
710
Income Before Accounting Change
584
725
830
838
1,449
1,806
2,016
1,125
98
1,184
Cumulative Effect of Change in Accounting
Net Income
$ 584
$ 710
$ 830
$ 838
$1,449
$1,806
$2,016
$1,125
$98
$1,184
Basic Earnings Per Share:

Cumulative Effect of Accounting Change
Basic Earnings Per Share7
$2.02
$2.02
$2.43
(0.05)
$2.38
$2.79
$2.79
$2.80
$2.80
$4.81
$4.81
$5.94
$5.94
$6.57
$6.57
$3.64
$3.64
$0.31
$0.31
$3.78
$3.78
Diluted Earnings Per Share:

Diluted Earnings Per Share7
$1.99
$1.99
$2.39
(0.05)
$2.34
$2.74
$2.74
$2.76
$2.76
$4.72
$4.72
$5.83
$5.83
$6.48
$6.48
$3.60
$3.60
$0.31
$0.31
$3.76
$3.76
Avg Common and Common Equivalent Shares
(15)
1,894
293
303
303
304
307
310
311
312
312
314
Operating Margin
Pretax Margin
5.5%
4.7%
6.4%
5.6%
6.5%
5.9%
5.8%
5.3%
8.4%
7.9%
9.3%
9.0%
9.3%
9.1%
5.5%
5.3%
2.1%
1.9%
5.8%
5.5%
Return on Assets10
4.7%
10.9%
5.2%
11.4%
5.7%
12.0%
4.9%
10.9%
7.3%
16.4%
8.4%
17.1%
8.6%
16.7%
4.5%
8.3%
0.4%
0.7%
4.8%
8.6%
SELECTED STATISTICS
10
Return on Equity
1 - The FedEx Freight segment includes the operations of FedEx Freight West from December 1, 2000, FedEx Freight East from January 1, 2001 and FedEx National LTL from September 3, 2006. Prior to December 1, 2000, FedEx Freight
West results are included in Other.
2 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office is part of the FedEx
Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 - FY09 amounts have been revised to conform to our current segment presentation.
3 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract at FedEx Express.
4 - In FY09, the company reclassified certain fuel supplemental costs at FedEx Ground related to its independent contractors from fuel expense to purchased transportation expense. FY07 and FY08 amounts have been revised to conform to
the current presentation.
5 - Results for FY06 include a $79 million charge to adjust the accounting for certain facility leases, predominantly at FedEx Express.
6 - FY04 includes $435 million ($270 million, net of tax, or $0.89 per diluted share) of business realignment costs.
7 - FY08 includes impairment of approximately $891 million ($696 million, net of tax, or $2.23 per dilluted share), predominately related to noncash impairment charges associated with the decision to minimize the use of the Kinko's trade
name and goodwill resulting from the Kinko's acquisition (FedEx Services Segment). FY09 includes impairment and other charges of approximately $1.2 billion ($1.1 billion, net of tax, or $3.45 per diluted share), including an $810
million charge related to the reduction of the value of goodwill related to the Kinko's acquisition (FedEx Services Segment), $90 million related to the reduction of the value of goodwill related to the Watkins Motor Lines acquisition
(FedEx Freight Segment), aircraft-related charges and other charges primarily associated with aircraft-related lease and contract termination costs and employee severance. The charges included in the results of the FedEx Services Segment
were not allocated to our transportation segments as the charges were unrelated to the core performance of these businesses.
8 - FY01 includes a $124 million charge associated with curtailing certain aircraft modification and development programs and reorganizing operations at FedEx SupplyChain Systems. Of the total, $102 million was incurred at FedEx
Express and $22 million was incurred at FedEx SupplyChain Systems.
9 - FY04 includes a $37 million, net of tax, or $0.12 per diluted share benefit related to a favorable ruling on a tax case and the reduction of the company's effective tax rate. FY05 includes a $12 million or $0.04 per diluted share benefit from
an income tax adjustment.
10 -Return on Assets and Return on Equity for the current year-to-date are calculated on a rolling four quarter basis.
Differences may result due to rounding. Certain prior period amounts have been reclassified to conform to current period's presentation.
FedEx Corp. Quarterly Consolidated Statements of Income

FY 2001 FY 2002
Years ended May 31
FIRST
QUARTER
Revenue:
1
1
Total Revenue
FY 2001
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2002
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$3,944
623
212
4,779
$4,010
670
215
4,895
$3,811
613
415
4,839
$3,880
659
578
(1)
5,116
$3,767
683
588
(1)
5,037
$3,842
728
565
5,135
$3,800
715
505
(1)
5,019
$4,029
792
595
5,416
1,995
435
390
303
250
310
785
4,468
2,000
439
407
310
313
278
803
4,550
2,098
412
418
326
310
270
814
4,648
2,170
427
435
337
290
312
921
4,892
2,236
445
432
336
302
312
739
4,802
2,231
464
472
342
294
292
(116)
723
4,702
2,246
442
444
341
255
306
(3)
751
4,782
2,386
474
432
345
295
330
738
5,000
Operating Income:
3
3
FedEx Freight segment1
Other & eliminations1
257
34
20
311
267
48
30
345
156
8
22
5
191
156
23
39
6
224
120
59
55
1
235
206
81
55
(9)
433
138
69
22
8
237
237
128
53
(2)
416

Interest, net
Other, net
(33)
(4)
(37)
(35)
5
(30)
(34)
1
(33)
(42)
(2)
(44)
(37)
2
(35)
(36)
(2)
(38)
(36)
(7)
(43)
(30)
(15)
(45)
274
315
158
180
200
395
194
371
Provision for Income Taxes
Operating Expenses:
Salaries and employee benefits
2
Fuel
Airline stabilization compensation
2,3
Other
105
121
50
67
76
150
74
135
124
245
120
236
Cumulative Effect of Change in Accounting
(15)
$ 169
$ 194
$ 108
$ 113
$ 109
$ 245
$ 120
$ 236
$0.42
(0.05)
$0.82
$0.40
$0.79
$0.59
$0.68
$0.38
$0.38
$0.37
$0.82
$0.40
$0.79
285
285
288
297
$0.41
(0.05)
$0.81
$0.39
$0.78
$0.58
$0.67
$0.37
$0.38
$0.36
$0.81
$0.39
$0.78
289
290
293
302
302
302
304
304
6.5%
5.7%
7.0%
6.4%
3.9%
3.3%
4.4%
3.5%
4.7%
4.0%
8.4%
7.7%
4.7%
3.9%
7.7%
6.9%
Net Income
Basic Earnings Per Share:
Basic Earnings Per Share
Weighted Avg. Common Shares
Diluted Earnings Per Share:
Cumulative Effect of Acoounting Change
Diluted Earnings Per Share
Avg Common and Common Equiv. Shares
SELECTED STATISTICS
Operating Margin
Pretax Margin
1 - The FedEx Freight segment includes the operations of FedEx Freight West from December 1, 2000 and FedEx Freight East from January 1, 2001. Prior to December 1, 2000, FedEx Freight West results
are included in 'Other & eliminations'.
2 - Beginning Q2 FY05, certain FedEx Freight expenses have been reclassified from Other Expense to Fuel Expense. Reclassifications extend back to Q3 FY01, the inception of the FedEx Freight Segment.
3 - Q4 FY01 includes a $124 million charge associated with curtailing certain aircraft modification and development programs and reorganizing operations at FedEx SupplyChain Systems. Of the total, $102
million was incurred at FedEx Express and $22 million was incurred at FedEx SupplyChain Systems.
Unaudited. Differences may result due to rounding.

FY 2003 FY 2004
Years ended May 31
FIRST
QUARTER
Revenue:
FedEx Services segment1
Total Revenue
FY 2003
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2004
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$3,962
869
615
(1)
5,445
$4,128
905
634
5,667
$4,094
886
568
(3)
5,545
$4,283
921
626
5,830
$4,137
914
637
(1)
5,687
$4,279
978
664
(1)
5,920
$4,374
960
630
99
(1)
6,062
$4,707
1,058
758
521
(3)
7,041
2,426
518
2,403
549
2,464
535
2,485
553
2,570
555
2,559
598
2,649
602
2,950
652
444
339
306
371
758
5,162
465
338
348
354
783
5,240
452
334
363
344
784
5,276
442
340
379
329
810
5,338
429
334
334
364
132
769
5,487
447
336
352
370
283
792
5,737
474
340
402
380
14
829
5,690
568
365
443
409
6
963
6,356

FedEx Express segment3
128
101
54
283
230
135
62
427
130
109
28
2
269
295
149
49
(1)
492
23
116
61
200
(19)
135
66
1
183
218
112
37
5
372
438
167
80
685

Interest, net
Other, net
(31)
3
(28)
(28)
(4)
(32)
(29)
(3)
(32)
(30)
(11)
(41)
(5)
1
(4)
(35)
(2)
(37)
(36)
(2)
(38)
(40)
(2)
(42)
255
395
237
451
196
146
334
643
Provision for Income Taxes4
97
150
90
171
68
55
127
231
Net Income
$ 158
$ 245
$ 147
$ 280
$ 128
$ 91
$ 207
$ 412
$0.53
$0.82
$0.49
$0.94
$0.43
$0.31
$0.69
$1.38
298
298
299
299
$0.52
$0.81
$0.49
$0.92
$0.42
$0.30
$0.68
$1.36
302
303
303
303
303
304
303
304
Operating Margin
Pretax Margin
5.2%
4.7%
7.5%
7.0%
4.8%
4.3%
8.4%
7.7%
3.5%
3.4%
3.1%
2.5%
6.1%
5.5%
9.7%
9.1%
Dividends Paid Per Common Share
$0.05
$0.05
$0.05
$0.05
$0.05
$0.05
$0.06
$0.06
Operating Expenses:
Rentals and landing fees2
Fuel2
2

Business realignment costs3
Other2

SELECTED STATISTICS
1 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx Office
is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 amounts have been revised to conform to the
current segment presentation.
2 - Certain prior period amounts have been reclassified to conform to the current presentation.
3 - Q1 FY04 includes $132 million ($82 million, net of tax, of $0.27 per diluted share) of business realignment costs.
Q2 FY04 includes $283 million ($175 million, net of tax, or $0.57 per diluted share) of business realignment costs.
4 - Q1 FY04 includes a $26 million, net of tax, or $0.08 per diluted share benefit related to a favorable ruling on a tax case.
Q2 FY05 includes an $11 million or $0.04 per diluted share benefit from an income tax adjustment.

FY 2005 FY 2006
Years ended May 31
FIRST
QUARTER
Revenue:
1
Total Revenue
FY 2005
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2006
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
$4,616
1,073
807
490
(11)
6,975
$4,834
1,174
820
525
(19)
7,334
$4,915
1,200
747
498
(21)
7,339
$5,120
1,233
843
553
(34)
7,715
$5,122
1,219
892
517
(43)
7,707
$5,370
1,307
932
528
(47)
8,090
$5,340
1,363
848
501
(49)
8,003
$5,614
1,417
973
542
(52)
8,494
2,920
681
551
360
483
428
973
6,396
2,930
747
577
363
592
422
48
1,055
6,734
3,026
748
585
368
570
413
1,077
6,787
3,087
759
586
371
672
432
1,068
6,975
3,062
771
665
370
728
468
1,059
7,123
3,081
812
584
386
891
445
1,101
7,300
3,162
814
577
391
774
427
1,145
7,290
3,266
854
564
403
863
437
1,180
7,567

1
325
151
103
579
357
141
102
600
348
150
54
552
463
182
95
740
297
151
135
1
584
489
165
135
1
790
452
189
73
(1)
713
575
211
142
(1)
927

Interest, net
Other, net
(39)
(6)
(45)
(38)
(8)
(46)
(34)
(4)
(38)
(28)
(1)
(29)
(24)
(11)
(35)
(30)
(30)
(28)
(2)
(30)
(22)
2
(20)
Operating Expenses:
2,3
Fuel2
Maintenance and repairs2
2
Other

4
534
554
514
711
549
760
683
907
204
200
197
263
210
289
255
339
Net Income
$ 330
$ 354
$ 317
$ 448
$ 339
$ 471
$ 428
$ 568
$1.10
$1.18
$1.05
$1.48
$1.12
$1.55
$1.41
$1.86
300
301
302
302
303
303
305
306
$1.08
$1.15
$1.03
$1.46
$1.10
$1.53
$1.38
$1.82
305
307
308
308
308
308
310
312
Operating Margin
Pretax Margin
8.3%
7.7%
8.2%
7.6%
7.5%
7.0%
9.6%
9.2%
7.6%
7.1%
9.8%
9.4%
8.9%
8.5%
10.9%
10.7%
$0.07
$0.07
$0.07
$0.07
$0.08
$0.08
$0.08
$0.08

SELECTED STATISTICS
1 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result, FedEx
Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY05 - FY06 amounts have been
revised to conform to the current segment presentation.
2 - Certain prior period amounts have been reclassified to conform to the current presentation.
3 - Results for first quarter fiscal 2006 include a $79 million charge to adjust the accounting for certain facility leases, predominantly at FedEx Express.
4 - Q2 FY05 includes an $11 million or $0.04 per diluted share benefit from an income tax adjustment.

FY 2007 FY 2008
Years ended May 31
FIRST
QUARTER
Revenue:
1
Total Revenue
FY 2007
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER
$5,640
1,417
1,013
527
(52)
8,545
$5,693
1,520
1,225
543
(55)
8,926
$5,523
1,523
1,101
508
(63)
8,592
$5,825
1,583
1,247
558
(62)
9,151
$5,889
1,618
1,233
525
(66)
9,199
$6,037
1,698
1,236
550
(70)
9,451
$6,129
1,720
1,155
511
(78)
9,437
$6,366
1,715
1,310
552
(77)
9,866
3,285
925
570
399
912
515
1,155
7,761
3,526
1,020
584
430
836
492
1,199
8,087
3,414
1,031
598
449
807
484
1,168
7,951
3,515
1,001
591
464
874
461
1,233
8,139
3,483
1,057
593
473
932
544
1,303
8,385
3,510
1,178
611
482
1,018
519
1,350
8,668
3,593
1,174
615
492
1,134
479
1,309
8,796
3,616
1,225
622
499
1,325
526
882
1,334
10,029

1,4
475
159
150
784
508
193
138
839
395
196
50
641
613
274
125
1,012
519
190
105
814
531
173
79
783
425
170
46
641
426
203
99
(891)
(163)

Interest, net
Other, net
(9)
(5)
(14)
(17)
1
(16)
(11)
(1)
(12)
(16)
(3)
(19)
(25)
(2)
(27)
(15)
(15)
(10)
(3)
(13)
(4)
(4)
Operating Expenses:
2
3
3
Fuel
4
Impairment charges
Other
770
823
629
993
787
768
628
295
312
209
383
293
289
235
$ 475
$ 511
$ 420
$ 610
$ 494
$ 479
$ 393
($241)
$1.55
$1.67
$1.37
$1.98
$1.60
$1.55
$1.27
($0.78)
306
307
307
308
308
309
309
$1.53
$1.64
$1.35
$1.96
$1.58
$1.54
$1.26
310
311
311
311
312
312
312
310
Operating Margin
Pretax Margin
9.2%
9.0%
9.4%
9.2%
7.5%
7.3%
11.1%
10.9%
8.8%
8.6%
8.3%
8.1%
6.8%
6.7%
(1.7%)
(1.7%)
$0.09
$0.09
$0.09
$0.09
$0.10
$0.10
$0.10
$0.10
Net Income

(167)
74
310
($0.78)
SELECTED STATISTICS
1 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result,
FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07 - FY08 amounts
have been revised to conform to the current segment presentation.
2 - Results for the second quarter FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract at FedEx Express.
3 - In Q2 FY09, the company reclassified certain fuel supplemental costs at FedEx Ground related to its independent contractors from fuel expense to purchased transportation expense. FY07 - FY08
amounts have been revised to conform to the current period presentation.
4 - Q4 FY08 FedEx Services segment operating expenses include a charge of approximately $891 million ($696 million, net of tax, or $2.22 per diluted share), predominately related to noncash
impairment charges associated with the decision to minimize the use of the Kinko's trade name and goodwill resulting from the Kinko's acquisition. These charges included in the results of the FedEx
Services Segment were not allocated to our transportation segments as the charges were unrelated to the core performance of these businesses.

FY 2009 FY 2010
Years ended May 31
FIRST
QUARTER
Revenue:
Total Revenue
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
FOURTH
$6,419
1,761
1,353
513
(76)
9,970
$6,098
1,789
1,200
528
(77)
9,538
$5,050
1,793
914
458
(78)
8,137
$4,797
1,704
948
478
(75)
7,852
$4,924
1,730
982
451
(78)
8,009
$5,314
1,837
1,068
465
(88)
8,596
$5,440
1,910
1,040
406
(95)
8,701
$5,877
1,962
1,231
448
(90)
9,428
Operating Expenses:
3,585
1,278
3,503
1,181
3,414
1,060
3,265
1,015
3,377
1,054
3,424
1,155
3,549
1,220
3,677
1,299

Fuel
1
Other
617
492
1,528
537
1,303
9,340
612
491
1,106
521
1,340
8,754
609
496
636
449
1,291
7,955
591
496
541
391
1,204
1,198
8,701
578
495
666
401
1,123
7,694
593
487
744
410
1,212
8,025
593
488
810
404
1,221
8,285
595
488
886
500
18
1,269
8,732

1
1
345
196
89
630
540
212
32
784
45
196
(59)
182
(136)
203
(106)
(810)
(849)
104
209
2
315
345
238
(12)
571
265
258
(107)
416
413
319
(36)
696

Interest, net
Other, net
(9)
(3)
(12)
(10)
(10)
(19)
(4)
(23)
(21)
(4)
(25)
(18)
(3)
(21)
(15)
(9)
(24)
(19)
(16)
(35)
(19)
(5)
(24)
(874)
618
774
159
234
281
62
$ 384
$ 493
$ 97
$1.24
$1.59
$0.31
311
311
311
$1.23
$1.58
$0.31
313
312
312
Operating Margin
Pretax Margin
6.3%
6.2%
8.2%
8.1%
2.2%
2.0%
$0.11
$0.11
$0.11
Net Income

294
547
381
672
113
202
142
253
($876)
$ 181
$ 345
$ 239
$ 419
($2.82)
$0.58
$1.10
$0.76
$1.34
312
312
312
313
$0.58
$1.10
$0.76
$1.33
312
314
315
316
(10.8%)
(11.1%)
3.9%
3.7%
6.6%
6.4%
4.8%
4.4%
7.4%
7.1%
$0.11
$0.11
$0.11
$0.11
$0.11
311
($2.82)
311
SELECTED STATISTICS
1 - Q4 FY09 includes impairment and other charges of approximately $1.2 billion ($1.1 billion, net of tax, or $3.46 per diluted share), including an $810 million charge related to the reduction of the value
of goodwill related to the Kinko's acquisition (FedEx Services Segment), $90 million related to the reduction of the value of goodwill related to the Watkins Motor Lines acquisition (FedEx Freight
Segment), aircraft-related charges and other charges primarily associated with aircraft-related lease and contract termination costs and employee severance. The charges included in the results of the
FedEx Services Segment were not allocated to our transportation segments as they were unrelated to the core performance of these businesses.
FedEx Corp. Capital Spending

FY 2001 FY 2010
Years ended May 31
In millions
By Asset Type
Aircraft and Related Equipment
Facilities and Sort Equipment
Information Technology Investments
1
Vehicles
Other Equipment1
Total
FY 2001
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
$ 756
353
406
378
$ 730
292
288
305
$ 762
254
273
116
106
$ 372
332
249
212
106
$ 990
496
331
261
158
$ 1,033
507
394
413
171
$ 1,107
674
431
445
225
$ 998
900
366
404
279
$ 925
742
298
319
175
$ 1,537
630
289
220
140
$1,893
$1,615
$1,511
$1,271
$2,236
$2,518
$2,882
$2,947
$2,459
$2,816
$ 917
252
139
202
1
$ 592
314
130
234
1
$1,195
456
217
364
4
$1,408
487
274
344
5
$1,672
489
287
432
2
$1,716
509
266
455
1
$1,348
636
240
235
$1,864
400
212
340
$1,511
$1,271
$2,236
$2,518
$2,882
$2,947
$2,459
$2,816
By Segment
2
FedEx Services Segment
Other
Total
$1,893
$1,615
1 - Vehicles were included in the Other Equipment classification prior to FY03.

2 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a
result, FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 - FY07
amounts have been revised to conform to the current segment presentation.
FedEx Express Segment Annual Consolidated Statements of Income

FY 2001 FY 2010
Years ended May 31
In millions, except FTEs
FY 2001
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
$5,830
1,871
7,701
2,492
10,193
3,607
$5,338
1,755
7,093
2,383
9,476
3,475
$5,432
1,715
7,147
2,510
9,657
3,941
$5,558
1,700
7,258
2,592
9,850
4,609
$5,969
1,798
7,767
2,799
10,566
5,464
$6,422
1,974
8,396
2,853
11,249
6,139
14,459
16,030
17,388
$6,485
1,990
8,475
2,883
11,358
6,722
369
18,449
$6,578
2,012
8,590
2,995
11,585
7,666
663
19,914
$6,074
1,855
7,929
2,789
10,718
6,978
565
18,261
$5,602
1,640
7,242
2,589
9,831
7,087
578
17,496
13,800
12,951
13,598
651
333
424
1,408
1,273
358
384
2,015
1,564
426
400
2,390
1,609
522
393
2,524
1,854
670
381
2,905
2,218
840
434
3,492
2,412
1,044
395
3,851
2,398
1,243
406
4,047
2,165
1,104
369
3,638
1,980
1,303
251
3,534
Package Revenue:
U.S. Overnight Box
U.S. Overnight Envelope
Total U.S. Overnight
U.S. Deferred
Total U.S. Package Revenue
International Priority1
International Domestic2
Total Package Revenue
Freight Revenue:
U.S.
International Airfreight1
Total Freight Revenue
Other Revenue3
Total Revenue
Operating Expenses:
Fuel
Business realignment costs
Impairment and other charges8
Intercompany charges6
Other5,7
Operating Income
437
471
479
514
550
566
381
460
465
525
$15,645
$15,438
$16,467
$17,497
$19,485
$21,446
$22,681
$24,421
$22,364
$21,555
7,001
609
1,557
818
1,231
1,087
1,328
2,053
15,684
7,403
694
1,531
810
1,343
1,193
428
1,406
2,024
16,832
7,704
843
1,608
798
2,012
1,276
48
1,430
2,273
17,992
8,033
971
1,696
805
2,786
1,344
1,496
2,502
19,633
8,234
1,098
1,610
856
2,946
1,444
2,046
2,456
20,690
8,451
1,208
1,673
944
3,785
1,512
2,134
2,813
22,520
8,217
1,112
1,613
961
3,281
1,351
260
2,103
2,672
21,570
8,402
1,177
1,577
1,016
2,651
1,131
1,940
2,534
20,428
1,901
794
1,127
3.6%
5.2%
6,382
584
1,424
809
1,063
971
1,317
2,259
14,809
6,565
564
1,531
819
1,009
983
(119)
1,331
1,954
14,637
836
801
783
665
1,493
1,813
1,991
5.3%
5.2%
4.8%
3.8%
7.7%
8.5%
8.8%
SELECTED STATISTICS
Operating Margin
7.8%
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to International Priority
Freight to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and accordingly, we have reclassified the amounts for
2001-2007 to include these revenues within our Freight revenues.
2 - Beginning Q1 FY08, FedEx Express began disclosing International Domestic shipment revenue. FY07 amounts have been revised to conform to the current period presentation. International Domestic
shipments are shipments where the origin and destination are both within the same non-U.S. country.
3 - Other revenue includes FedEx Trade Networks and, beginning in Q2 FY10, FedEx SupplyChain Systems.
4 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract.
5 - Fiscal 2006 results include a $75 million charge to adjust the accounting for certain facility leases.
is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 - FY07 amounts have been revised to conform
to the current segment presentation.
7 - FY01 includes a $102 million charge associated with curtailing certain aircraft modification and development programs.
8 - Results for FY09 include charges of $260 million related to noncash impairment charges associated with aircraft-related asset impairments and other charges primarily associated with aircraft-related lease and
contract termination costs and employee severance.
11
FedEx Express Segment Quarterly Consolidated Statements of Income

FY 2001 FY 2002
Years ended May 31
FIRST
QUARTER
FY 2001
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2002
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Deferred
Total U.S. Packages
$1,479
472
1,951
618
2,569
905
3,474
$1,484
456
1,940
634
2,574
933
3,507
$1,425
451
1,876
639
2,515
861
3,376
$1,442
492
1,934
601
2,535
909
3,444
$1,373
465
1,838
583
2,421
874
3,295
$1,299
420
1,719
573
2,292
861
3,153
$1,299
424
1,723
618
2,341
816
3,157
$1,368
447
1,815
608
2,423
924
3,347
162
79
115
356
177
90
102
369
157
84
103
344
155
79
104
338
173
81
97
351
363
92
99
554
357
83
90
530
381
102
97
580
Freight Revenue:
U.S.
Other Revenue
114
134
91
98
121
135
113
102
Total Revenue
3,944
4,010
3,811
3,880
3,767
3,842
3,800
4,029
1,615
150
345
200
241
268
327
541
3,687
1,604
147
355
204
300
239
346
548
3,743
1,595
144
357
202
276
216
321
544
3,655
1,568
143
367
203
246
248
323
626
3,724
1,610
143
370
202
264
247
333
478
3,647
1,609
143
402
203
258
231
(116)
322
484
3,536
1,633
137
384
207
226
242
(3)
334
502
3,662
1,713
141
375
207
261
263
342
490
3,792
257
267
156
156
120
306
138
237
6.5%
6.7%
4.1%
4.0%
3.2%
8.0%
3.6%
5.9%
Operating Expenses:
Fuel
Airline stabilization compensation
Intercompany charges
2
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to International
Priority Freight to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and accordingly, we have
reclassified the amounts for 2001-2002 to include these revenues within our Freight revenues.
2 - Q4 FY01 includes a $102 million charge associated with curtailing certain aircraft modifications and development programs.

FY 2003 FY 2004
Years ended May 31
FIRST
QUARTER
FY 2003
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2004
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Deferred
Total U.S. Packages
$1,335
427
1,762
591
2,353
930
3,283
$1,351
423
1,774
623
2,397
987
3,384
$1,355
418
1,773
666
2,439
954
3,393
$1,391
447
1,838
630
2,468
1,069
3,537
$1,348
432
1,780
606
2,386
1,046
3,432
$1,347
408
1,755
626
2,381
1,129
3,510
$1,385
398
1,783
686
2,469
1,144
3,613
$1,478
461
1,939
675
2,614
1,290
3,904
380
100
92
572
402
113
101
616
394
97
100
591
388
117
107
612
365
109
105
579
401
129
98
628
419
127
97
643
424
157
94
675
Freight Revenue:
U.S.
Other Revenue
107
128
110
134
126
141
118
128
Total Revenue
3,962
4,128
4,094
4,283
4,137
4,279
4,374
4,707
1,719
144
382
204
271
294
335
485
3,834
1,716
151
400
205
307
277
324
518
3,898
1,781
151
391
203
320
269
328
521
3,964
1,785
163
384
206
333
247
341
529
3,988
1,834
158
370
204
293
285
132
342
496
4,114
1,806
169
384
203
310
293
279
347
507
4,298
1,855
177
388
203
356
300
12
345
515
4,151
1,908
190
389
200
384
315
5
372
506
4,269
128
230
130
295
23
(19)
223
438
3.2%
5.6%
3.2%
6.9%
0.6%
(0.4%)
5.1%
9.3%
Operating Expenses:
Fuel
2
Other
Operating Income (Loss)
SELECTED STATISTICS
Operating Margin
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to International
Priority Freight to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and accordingly, we have
reclassified the amounts for 2003-2004 to include these revenues within our Freight revenues.
2 - FedEx Office was acquired in the fourth quarter of fiscal 2004. During Q1 FY08, the company revised its reportable segments as a result of an internal reorganization of FedEx Office. As a result,
FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 amounts have been
revised to conform to the current segment presentation.
13

FY 2005 FY 2006
Years ended May 31
FIRST
QUARTER
FY 2005
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2006
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Deferred
Total U.S. Packages
$1,449
439
1,888
648
2,536
1,289
3,825
$1,471
432
1,903
682
2,585
1,361
3,946
$1,493
444
1,937
759
2,696
1,347
4,043
$1,556
483
2,039
710
2,749
1,467
4,216
$1,560
489
2,049
687
2,736
1,459
4,195
$1,605
480
2,085
701
2,786
1,543
4,329
$1,597
486
2,083
750
2,833
1,489
4,322
$1,660
519
2,179
715
2,894
1,648
4,542
421
151
90
662
471
176
91
738
474
167
94
735
488
177
106
771
505
175
105
785
565
214
117
896
574
202
107
883
574
249
105
928
Freight Revenue:
U.S.
Other Revenue2
Total Revenue
Operating Expenses:
Fuel
Airline Stabilization Act charge
4
Other
Operating Income
129
150
137
134
142
145
135
144
4,616
4,834
4,915
5,120
5,122
5,370
5,340
5,614
1,889
191
383
200
422
325
347
534
4,291
1,873
206
399
199
513
322
48
350
567
4,477
1,961
216
411
199
498
307
374
601
4,567
1,981
230
415
200
579
322
359
571
4,657
1,971
241
483
193
628
361
345
602
4,824
1,959
236
409
203
760
339
371
605
4,882
2,019
238
408
203
666
320
380
654
4,888
2,084
256
396
206
732
324
400
641
5,039
325
357
348
463
298
488
452
575
7.0%
7.4%
7.1%
9.0%
5.8%
9.1%
8.5%
10.2%
SELECTED STATISTICS
Operating Margin
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to
International Priority Freight to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and
accordingly, we have reclassified the amounts for 2005-2006 to include these revenues within our Freight revenues.
2 - Other revenue includes FedEx Trade Networks.
3 - First quarter fiscal 2006 results include a $75 million charge to adjust the accounting for certain facility leases.
result, FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY05 - FY06

FY 2007 FY 2008
Years ended May 31
FIRST
QUARTER
FY 2007
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Deferred
Total U.S. Packages
$1,654
511
2,165
705
2,870
1,665
52
4,587
$1,634
489
2,123
716
2,839
1,696
56
4,591
$1,573
476
2,049
740
2,789
1,597
114
4,500
$1,624
514
2,138
722
2,860
1,764
147
4,771
$1,615
512
2,127
711
2,838
1,820
156
4,814
$1,616
480
2,096
730
2,826
1,911
173
4,910
$1,652
496
2,148
799
2,947
1,889
163
4,999
$1,695
524
2,219
755
2,974
2,046
171
5,191
607
249
104
960
624
271
106
1,001
586
251
91
928
595
273
94
962
593
292
94
979
604
312
96
1,012
614
309
96
1,019
587
330
120
1,037
Freight Revenue:
U.S.
3
Other Revenue
93
101
95
92
96
115
111
138
Total Revenue
5,640
5,693
5,523
5,825
5,889
6,037
6,129
6,366
2,002
263
398
205
798
398
502
599
5,165
2,116
269
392
208
716
365
520
599
5,185
2,043
300
411
216
691
357
499
611
5,128
2,073
266
409
227
741
324
525
647
5,212
2,060
280
411
230
800
402
515
672
5,370
2,059
299
417
234
872
376
536
713
5,506
2,154
302
421
240
980
346
555
706
5,704
2,178
327
424
240
1,133
388
528
722
5,940
475
508
395
613
519
531
425
426
8.4%
8.9%
7.2%
10.5%
8.8%
8.8%
6.9%
6.7%
Operating Expenses:
Fuel
5
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to
International Priority Freight to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and
accordingly, we have reclassified the amounts for 2007 to include these revenues within our Freight revenues.
2 - International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country.
3 - Other revenue includes FedEx Trade Networks.
4 - Results for FY07 include a $143 million charge for signing bonuses and other upfront compensation associated with the new pilot labor contract.
result, FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY07
15

FY 2009 FY 2010
Years ended May 31
FIRST
QUARTER
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
Package Revenue:
U.S. Overnight Box
U.S. Deferred
Total U.S. Packages
1
International Priority
2
International Domestic
$1,711
525
2,236
762
2,998
2,044
170
5,212
$1,619
486
2,105
740
2,845
1,930
158
4,933
$1,410
426
1,836
682
2,518
1,507
117
4,142
$1,334
418
1,752
605
2,357
1,497
120
3,974
$1,331
408
1,739
601
2,340
1,594
134
4,068
$1,372
395
1,767
626
2,393
1,763
151
4,307
$1,413
400
1,813
692
2,505
1,748
142
4,395
$1,486
437
1,923
670
2,593
1,982
151
4,726
598
340
131
1,069
594
323
111
1,028
523
221
69
813
450
220
58
728
449
260
61
770
490
321
63
874
525
329
61
915
516
393
66
975
Freight Revenue:
U.S.
International Airfreight
3
Other Revenue
138
137
95
95
86
133
130
176
Total Revenue
6,419
6,098
5,050
4,797
4,924
5,314
5,440
5,877
2,129
336
417
239
1,319
394
533
707
6,074
2,059
294
403
241
953
381
532
695
5,558
2,064
241
400
241
551
318
530
660
5,005
1,965
241
393
240
458
258
260
508
610
4,933
2,043
255
385
252
571
261
469
584
4,820
2,036
283
396
251
638
267
470
628
4,969
2,136
292
397
254
694
261
497
644
5,175
2,187
347
399
259
748
342
504
678
5,464
345
540
45
(136)
104
345
265
413
5.4%
8.9%
0.9%
(2.8%)
2.1%
6.5%
4.9%
7.0%
Operating Expenses:
Fuel
4
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - International Priority includes FedEx International Priority and FedEx International Economy services.
2 - International domestic revenues include our international intra-country express operations.
3 - Other revenue includes FedEx Trade Networks and, beginning in Q2 FY10, SupplyChain Systems.
4 - Q4 FY09 results include charges of $260 million related to noncash impairment charges associated with aircraft-related asset impairments and other charges primarily associated with aircraftrelated charges and other charges primarily associated with aircraft-related lease and contract termination costs and employee severance.
FedEx Express Annual Shipment Statistics

FY 2001 FY 2010
FY 2001
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
1,264
757
2,021
899
2,920
343
1,170
699
1,869
868
2,737
338
1,176
679
1,855
897
2,752
366
1,179
667
1,846
925
2,771
393
1,184
680
1,864
958
2,822
433
1,203
713
1,916
901
2,817
466
3,263
3,075
3,118
3,164
3,255
4,337
786
2,208
7,331
7,736
901
2,082
10,719
8,969
978
2,174
12,121
8,519
1,148
2,093
11,760
$18.09
9.69
14.95
10.87
13.69
41.21
$17.90
9.84
14.88
10.77
13.58
40.36
$18.18
9.95
15.17
11.02
13.82
42.38
$16.59
$16.52
$0.59
1.66
0.75
$0.75
FY 2007
FY 2008
FY 2009
FY 2010
AVG DAILY VOLUME / POUNDS

Average Daily Package Volume (000s):
U.S. Overnight Box (FO, EHB, POB, SOB)
U.S. Overnight Envelope (EHE, POE, SOE)
Total U.S. Overnight (FO, EH, PO, SO)
U.S. Deferred (E2, ES)
Total U.S. Packages
International Priority (IP, IE) 1
Total Avg Daily Packages
3,283
1,174
706
1,880
898
2,778
487
135
3,400
1,151
677
1,828
895
2,723
517
296
3,536
1,127
627
1,754
849
2,603
475
298
3,376
1,157
614
1,771
867
2,638
523
318
3,479
8,885
1,395
1,914
12,194
9,374
1,634
2,126
13,134
9,569
1,878
1,831
13,278
8,648
2,220
1,817
12,685
7,287
1,959
1,475
10,721
7,141
2,544
1,222
10,907
$18.49
10.00
15.42
10.99
13.94
45.96
$19.77
10.37
16.34
11.46
14.69
49.47
$20.94
10.86
17.19
12.42
15.66
51.64
$17.17
$17.92
$19.31
$20.77
$21.66
11.06
17.68
12.59
16.04
54.13
10.77
$21.28
$22.40
11.66
18.42
13.12
16.68
58.11
8.80
$22.08
$21.21
11.65
17.79
12.94
16.21
57.81
7.50
$21.30
$19.00
10.47
16.04
11.70
14.61
53.10
7.14
$19.72
$0.65
1.56
0.72
$0.74
$0.69
1.72
0.72
$0.78
$0.74
1.78
0.74
$0.84
$0.82
1.88
0.78
$0.93
$0.93
2.02
0.80
$1.04
$0.99
2.18
0.84
$1.14
$1.09
2.20
0.88
$1.25
$1.17
2.22
0.99
$1.34
$1.09
2.01
0.81
$1.27
1.2%
(1.8%)
0.0%
(1.9%)
(0.5%)
8.9%
(7.4%)
(7.7%)
(7.5%)
(3.4%)
(6.3%)
(1.5%)
0.5%
(2.9%)
(0.7%)
3.3%
0.5%
8.3%
0.3%
(1.8%)
(0.5%)
3.1%
0.7%
7.4%
0.4%
1.9%
1.0%
3.6%
1.8%
10.2%
1.6%
4.9%
2.8%
(5.9%)
(0.2%)
7.6%
0.4%
(5.8%)
1.4%
1.5%
2.9%
0.9%
(2.4%)
(1.0%)
(1.9%)
(0.3%)
(1.4%)
4.5%
N/A
3.6%
(2.0%)
(4.1%)
(2.8%)
(0.3%)
(2.0%)
6.2%
119.3%
4.0%
(2.1%)
(7.4%)
(4.0%)
(5.1%)
(4.4%)
(8.1%)
0.7%
(4.5%)
2.7%
(2.1%)
1.0%
2.1%
1.3%
10.1%
6.7%
3.1%
2.6%
0.9%
2.2%
2.6%
2.3%
9.2%
(8.4%)
(6.2%)
(7.9%)
(4.4%)
(7.0%)
(3.7%)
1.8%
(2.3%)
0.8%
5.3%
1.9%
13.4%
2.3%
(0.9%)
1.6%
3.3%
2.0%
17.0%
7.4%
5.8%
7.0%
8.0%
7.3%
18.5%
7.6%
9.8%
8.1%
1.9%
6.5%
12.4%
4.0%
(6.2%)
8.5%
1.0%
0.8%
0.9%
1.1%
1.0%
9.5%
N/A
6.1%
1.4%
1.1%
1.4%
3.9%
2.0%
14.0%
79.7%
7.9%
(7.7%)
(7.8%)
(7.7%)
(6.9%)
(7.5%)
(9.0%)
(14.8%)
(8.3%)
(7.8%)
(11.6%)
(8.7%)
(7.2%)
(8.3%)
1.6%
2.3%
(4.2%)
Average Daily Freight Pounds (000s):

U.S. (F1/F2/F3/Domestic ATA)
International Priority (IPF,IEF) 1
International Airfreight (IXF/ATA) 1
Total Avg Daily Freight Pounds
YIELD
Revenue Per Package:
Total U.S. Packages
Total Composite Package Yield
Revenue Per Freight Pound:
Total Composite Freight Yield
PACKAGE GROWTH RATES

Average Daily Volume Growth:
Total U.S. Packages
Total Package Volume Growth
Revenue Growth:
Total U.S. Packages
Total Package Revenue Growth
AVG POUNDS PER PACKAGE
AVG REVENUE PER PACKAGE LB.
OPERATING WEEKDAYS
5.0%
6.3%
10.9%
7.3
6.8
6.8
7.1
7.1
7.1
7.3
7.7
7.4
7.5
$2.28
$2.42
$2.53
$2.52
$2.71
$2.93
$2.92
$2.87
$2.88
$2.63
255
255
254
255
255
255
255
255
254
255
1 - In fiscal 2007, we reclassified certain revenues previously included within International Priority package revenues in the table above that were international priority freight shipments to International Priority Freight statistics to
more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been significant, and accordingly, we have reclassified the amounts for 2001-2007 to include
these revenues within our Freight revenues.
2 - Beginning Q1 FY08, FedEx Express began disclosing International Domestic shipments. FY07 amounts have been revised to conform to the current period presentation. International Domestic shipments are shipments where
the origin and destination are both within the same non-U.S. country.
17
FedEx Express Quarterly Shipment Statistics

FY 2001 FY 2002
FY 2001
FY 2002
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER
U.S. Overnight Box (FO, POB, SOB)
U.S. Overnight Envelope (POE, SOE)
Total U.S. Packages
International Priority (IP,IE) 1
.
1,254
758
2,012
876
2,888
335
3,223
1,292
757
2,049
925
2,974
356
3,330
1,288
749
2,037
962
2,999
337
3,336
1,222
764
1,986
837
2,823
344
3,167
1,165
721
1,886
814
2,700
333
3,033
1,141
676
1,817
845
2,662
335
2,997
1,193
698
1,891
958
2,849
329
3,178
1,179
702
1,881
859
2,740
354
3,094
4,369
721
2,312
7,402
4,749
876
2,233
7,858
4,204
809
2,164
7,177
4,032
741
2,121
6,894
4,352
760
2,107
7,219
8,547
935
2,089
11,571
8,985
877
1,989
11,851
9,145
1,030
2,138
12,313
$18.15
9.59
14.93
10.85
13.69
41.47
$16.58
$18.23
9.56
15.03
10.88
13.74
41.60
$16.72
$17.84
9.70
14.85
10.71
13.52
41.17
$16.32
$18.15
9.91
14.98
11.06
13.82
40.61
$16.73
$18.12
9.93
14.99
11.03
13.80
40.47
$16.72
$18.06
9.87
15.02
10.77
13.67
40.76
$16.70
$17.56
9.78
14.69
10.41
13.25
40.01
$16.02
$17.86
9.78
14.84
10.89
13.60
40.20
$16.64
$0.57
1.69
0.76
$0.74
$0.59
1.63
0.73
$0.75
$0.60
1.68
0.77
$0.78
$0.59
1.65
0.75
$0.75
$0.61
1.63
0.71
$0.75
$0.67
1.57
0.75
$0.76
$0.64
1.53
0.73
$0.72
$0.64
1.52
0.70
$0.72
4.1%
1.3%
3.0%
4.4%
3.4%
13.9%
4.4%
4.1%
(1.7%)
1.9%
1.3%
1.7%
11.6%
2.7%
0.9%
(2.0%)
(0.2%)
(3.0%)
(1.1%)
7.3%
(0.3%)
(4.1%)
(4.5%)
(4.3%)
(9.1%)
(5.8%)
3.3%
(4.9%)
(7.1%)
(4.9%)
(6.3%)
(7.1%)
(6.5%)
(0.6%)
(5.9%)
(11.7%)
(10.7%)
(11.3%)
(8.6%)
(10.5%)
(5.9%)
(10.0%)
(7.4%)
(6.8%)
(7.2%)
(0.4%)
(5.0%)
(2.4%)
(4.7%)
(3.6%)
(8.0%)
(5.3%)
2.6%
(3.0%)
2.9%
(2.3%)
7.2%
4.3%
6.4%
10.6%
7.4%
17.7%
9.9%
6.5%
1.2%
5.2%
7.8%
5.8%
14.5%
8.0%
0.3%
(0.9%)
0.1%
(0.6%)
(0.1%)
4.7%
1.1%
(3.2%)
(0.9%)
(2.6%)
(5.8%)
(3.4%)
1.5%
(2.2%)
(7.2%)
(1.5%)
(5.8%)
(5.6%)
(5.8%)
(3.4%)
(5.2%)
(12.5%)
(7.8%)
(11.4%)
(9.5%)
(10.9%)
(7.7%)
(10.1%)
(8.8%)
(6.1%)
(8.2%)
(3.2%)
(6.9%)
(5.2%)
(6.5%)
(5.1%)
(9.2%)
(6.2%)
1.0%
(4.5%)
1.7%
(2.8%)

YIELD
Total U.S. Packages

Total U.S. Packages
Revenue Growth:
Total U.S. Packages
OPERATING WEEKDAYS
7.5
7.6
7.1
6.9
6.9
7.0
6.7
6.7
$2.20
$2.21
$2.29
$2.43
$2.42
$2.40
$2.40
$2.48
65
63
62
65
65
63
62
65
1 - In fiscal 2007, we reclassified certain statistics previously included within International Priority package statistics in the table above that were international priority freight shipments to
International Priority Freight statistics to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been
significant, and accordingly, we have reclassified the amounts for 2001-2002 to include these revenues within our Freight revenues.

FY 2003 FY 2004
FY 2003
FY 2004
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
Total U.S. Packages
1,153
680
1,833
846
2,679
355
3,034
1,183
685
1,868
903
2,771
377
3,148
1,189
662
1,851
978
2,829
355
3,184
1,180
687
1,867
863
2,730
377
3,107
1,169
682
1,851
871
2,722
367
3,089
1,169
655
1,824
924
2,748
394
3,142
1,197
628
1,825
1,003
2,828
389
3,217
1,182
700
1,882
902
2,784
422
3,206
8,965
951
2,019
11,935
9,469
1,052
2,271
12,792
9,131
881
2,183
12,195
8,324
1,027
2,224
11,575
7,898
976
2,276
11,150
8,649
1,193
2,092
11,934
9,082
1,110
2,060
12,252
8,459
1,311
1,944
11,714
$18.08
9.81
15.01
10.93
13.72
40.96
$16.91
$18.12
9.79
15.07
10.95
13.73
41.51
$17.06
$18.09
10.03
15.21
10.82
13.69
42.70
$16.92
$18.43
10.16
15.39
11.40
14.13
44.29
$17.79
$18.02
9.90
15.03
10.87
13.70
44.54
$17.36
$18.29
9.90
15.27
10.74
13.75
45.50
$17.73
$18.37
10.06
15.51
10.85
13.86
46.65
$17.83
$19.24
10.14
15.86
11.52
14.45
46.98
$18.74
$0.66
1.64
0.71
$0.75
$0.67
1.70
0.71
$0.76
$0.69
1.74
0.73
$0.77
$0.73
1.78
0.75
$0.83
$0.72
1.75
0.72
$0.81
$0.74
1.72
0.74
$0.84
$0.73
1.81
0.75
$0.83
$0.77
1.84
0.74
$0.88
(1.0%)
(5.6%)
(2.8%)
3.9%
(0.8%)
6.6%
0.0%
3.7%
1.3%
2.8%
6.9%
4.1%
12.5%
5.0%
(0.4%)
(5.1%)
(2.1%)
2.0%
(0.7%)
7.9%
0.2%
0.1%
(2.2%)
(0.7%)
0.5%
(0.4%)
6.5%
0.4%
1.4%
0.2%
1.0%
3.0%
1.6%
3.4%
1.8%
(1.2%)
(4.4%)
(2.4%)
2.3%
(0.9%)
4.5%
(0.2%)
0.7%
(5.1%)
(1.4%)
2.6%
(0.0%)
9.6%
1.0%
0.2%
1.9%
0.8%
4.5%
2.0%
11.9%
3.2%
(2.8%)
(8.2%)
(4.1%)
1.4%
(2.8%)
6.4%
(0.4%)
4.0%
0.7%
3.2%
8.8%
4.6%
14.6%
7.3%
4.3%
(1.4%)
2.9%
7.8%
4.2%
16.9%
7.5%
1.7%
1.3%
3.6%
1.9%
15.7%
5.7%
1.0%
1.2%
1.0%
2.5%
1.4%
12.5%
4.5%
(0.3%)
(3.5%)
(1.1%)
0.4%
(0.7%)
14.4%
3.7%
2.2%
(4.8%)
0.6%
3.0%
1.2%
19.9%
6.5%
6.3%
3.1%
5.5%
7.1%
5.9%
20.7%
10.4%

YIELD
Total U.S. Packages

Total U.S. Packages
Revenue Growth:
Total U.S. Packages
OPERATING WEEKDAYS
6.8
7.0
6.8
6.8
7.0
7.3
7.1
7.1
$2.49
$2.45
$2.50
$2.62
$2.48
$2.43
$2.52
$2.65
64
63
63
64
64
63
63
65
19

FY 2005 FY 2006
FY 2005
FY 2006
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
Total U.S. Packages
1,150
662
1,812
862
2,674
415
3,089
1,179
663
1,842
941
2,783
439
3,222
1,217
681
1,898
1,086
2,984
432
3,416
1,192
712
1,904
947
2,851
448
3,299
1,180
711
1,891
897
2,788
441
3,229
1,211
702
1,913
886
2,799
475
3,274
1,225
711
1,936
965
2,901
474
3,375
1,196
726
1,922
858
2,780
475
3,255
8,213
1,294
1,861
11,368
9,008
1,505
1,874
12,387
9,331
1,385
1,868
12,584
9,012
1,399
2,051
12,462
8,885
1,386
2,039
12,310
9,544
1,756
2,283
13,583
9,619
1,620
2,177
13,416
9,464
1,777
2,012
13,253
$19.37
10.21
16.02
11.57
14.59
47.80
$19.05
$19.81
10.33
16.40
11.51
14.74
49.24
$19.44
$19.79
10.51
16.46
11.26
14.57
50.38
$19.09
$20.08
10.44
16.48
11.54
14.84
50.41
$19.66
$20.34
10.57
16.67
11.78
15.10
50.93
$19.99
$21.03
10.86
17.30
12.56
15.80
51.53
$20.99
$21.03
11.01
17.35
12.54
15.75
50.62
$20.65
$21.34
11.01
17.44
12.82
16.01
53.36
$21.46
$0.79
1.79
0.74
$0.90
$0.83
1.86
0.77
$0.94
$0.82
1.94
0.81
$0.94
$0.83
1.94
0.80
$0.95
$0.88
1.94
0.79
$0.98
$0.94
1.93
0.81
$1.05
$0.96
2.01
0.80
$1.06
$0.93
2.16
0.80
$1.08
(1.6%)
(2.9%)
(2.1%)
(1.0%)
(1.8%)
13.1%
0.9%
1.2%
1.0%
1.8%
1.3%
11.4%
2.5%
1.7%
8.4%
4.0%
8.3%
5.5%
11.1%
6.2%
0.8%
1.7%
1.2%
5.0%
2.4%
6.2%
2.9%
2.6%
7.4%
4.4%
4.1%
4.3%
6.3%
4.5%
2.7%
5.9%
3.9%
(5.8%)
0.6%
8.2%
1.6%
0.7%
4.4%
2.0%
(11.1%)
(2.8%)
9.7%
(1.2%)
0.3%
2.0%
0.9%
(9.4%)
(2.5%)
6.0%
(1.3%)
7.5%
1.6%
6.1%
6.9%
6.3%
23.2%
11.5%
9.2%
5.9%
8.4%
8.9%
8.6%
20.5%
12.4%
7.8%
11.6%
8.6%
10.6%
9.2%
17.7%
11.9%
5.3%
4.8%
5.2%
5.2%
5.2%
13.7%
8.0%
7.7%
11.4%
8.5%
6.0%
7.9%
13.2%
9.7%
9.1%
11.1%
9.6%
2.8%
7.8%
13.4%
9.7%
7.0%
9.5%
7.5%
(1.2%)
5.1%
10.5%
6.9%
6.7%
7.5%
6.9%
0.7%
5.3%
12.3%
7.7%

YIELD
Total U.S. Packages
.

Total U.S. Packages
.
Revenue Growth:
Total U.S. Packages
.

OPERATING WEEKDAYS
7.2
7.3
7.0
7.0
7.0
7.3
7.0
7.1
$2.66
$2.65
$2.73
$2.82
$2.85
$2.87
$2.95
$3.04
65
63
62
65
65
63
62
65

FY 2007 FY 2008
FY 2007
FY 2008
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
Total U.S. Packages
1,166
703
1,869
855
2,724
466
44
3,234
1,183
700
1,883
895
2,778
501
49
3,328
1,191
699
1,890
965
2,855
490
161
3,506
1,157
719
1,876
880
2,756
491
284
3,531
1,139
699
1,838
863
2,701
496
279
3,476
1,163
677
1,840
902
2,742
535
310
3,587
1,165
659
1,824
966
2,790
518
295
3,603
1,140
672
1,812
851
2,663
520
298
3,481
9,374
1,775
1,899
13,048
9,917
1,980
1,946
13,843
9,785
1,845
1,715
13,345
9,220
1,912
1,764
12,896
8,843
2,025
1,752
12,620
8,915
2,279
1,827
13,021
8,967
2,234
1,739
12,940
7,873
2,347
1,950
12,170
$21.83
11.19
17.83
12.69
16.21
54.97
18.33
$21.83
$21.92
11.06
17.88
12.70
16.21
53.72
18.41
$21.90
$21.29
11.01
17.49
12.37
15.76
52.52
11.40
$20.70
$21.58
10.99
17.53
12.62
15.96
55.29
7.99
$20.79
$21.83
11.26
17.81
12.67
16.17
56.42
8.59
$21.31
$22.06
11.27
18.09
12.84
16.36
56.63
8.90
$21.73
$22.51
11.93
18.69
13.14
16.77
57.85
8.77
$22.02
$23.22
12.20
19.13
13.86
17.45
61.51
8.92
$23.30
$1.00
2.16
0.84
$1.13
$1.00
2.18
0.86
$1.15
$0.97
2.20
0.85
$1.12
$0.99
2.20
0.82
$1.15
$1.03
2.22
0.83
$1.19
$1.08
2.17
0.83
$1.23
$1.09
2.19
0.89
$1.25
$1.17
2.20
0.96
$1.33
(1.2%)
(1.1%)
(1.2%)
(4.7%)
(2.3%)
5.7%
N/A
0.2%
(2.3%)
(0.3%)
(1.6%)
1.0%
(0.8%)
5.5%
N/A
1.6%
(2.8%)
(1.7%)
(2.4%)
(1.6%)
3.4%
N/A
3.9%
(3.3%)
(1.0%)
(2.4%)
2.6%
(0.9%)
3.4%
N/A
8.5%
(2.3%)
(0.6%)
(1.7%)
0.9%
(0.8%)
6.4%
N/A
7.5%
(1.7%)
(3.3%)
(2.3%)
0.8%
(1.3%)
6.8%
N/A
7.8%
(2.2%)
(5.7%)
(3.5%)
0.1%
(2.3%)
5.7%
N/A
2.8%
(1.5%)
(6.5%)
(3.4%)
(3.3%)
(3.4%)
5.9%
4.9%
(1.4%)
6.0%
4.5%
5.7%
2.6%
4.9%
14.1%
N/A
9.3%
1.8%
1.9%
1.8%
2.1%
1.9%
9.9%
N/A
6.1%
(1.5%)
(2.1%)
(1.6%)
(1.3%)
(1.6%)
7.3%
N/A
4.1%
(2.2%)
(1.0%)
(1.9%)
1.0%
(1.2%)
7.0%
N/A
5.0%
(2.4%)
0.2%
(1.8%)
0.9%
(1.1%)
9.3%
N/A
4.9%
(1.1%)
(1.8%)
(1.3%)
2.0%
(0.5%)
12.7%
N/A
6.9%
5.0%
4.2%
4.8%
8.0%
5.7%
18.3%
N/A
11.1%
4.4%
1.9%
3.8%
4.6%
4.0%
16.0%
16.3%
8.8%

YIELD
Total U.S. Packages
.

Total U.S. Packages
.
Revenue Growth:
Total U.S. Packages
.

OPERATING WEEKDAYS
7.1
7.3
7.4
7.5
7.6
7.9
7.6
7.6
$3.07
$3.02
$2.80
$2.77
$2.80
$2.75
$2.90
$3.07
65
63
62
65
65
63
63
64
1 - In fiscal 2007, we reclassified certain statistics previously included within International Priority package statistics in the table above that were international priority freight shipments
to International Priority Freight statistics to more precisely present the nature of the services provided. Our revenue growth associated with these freight service offerings has been
significant, and accordingly, we have reclassified the amounts for 2007 to include these revenues within our Freight revenues.
2 - Beginning Q1 FY08, FedEx Express began disclosing International Domestic shipments. FY07 amounts have been revised to conform to the current period presentation.
International Domestic shipments are shipments where the origin and destination are both within the same non-U.S. country.
21

FY 2009 FY 2010
FY 2009
FY 2010
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
Total U.S. Packages
1
International Priority (IP, IE)
2
1,103
629
1,732
828
2,560
495
307
3,362
1,086
611
1,697
832
2,529
500
311
3,340
1,177
622
1,799
907
2,706
450
281
3,437
1,144
644
1,788
829
2,617
456
289
3,362
1,128
617
1,745
823
2,568
475
293
3,336
1,154
606
1,760
858
2,618
529
338
3,485
1,190
601
1,791
949
2,740
530
317
3,587
1,156
632
1,788
843
2,631
560
323
3,514
7,296
2,312
1,866
11,474
7,335
2,216
1,605
11,156
7,664
1,590
1,251
10,505
6,859
1,715
1,178
9,752
6,584
2,142
1,297
10,023
7,193
2,571
1,207
10,971
7,906
2,577
1,184
11,667
6,916
2,889
1,198
11,003
$24.24
13.04
20.17
14.38
18.30
64.54
8.63
$24.23
$23.66
12.62
19.68
14.13
17.86
61.30
8.06
$23.44
$19.02
10.85
16.19
11.94
14.77
53.12
6.63
$19.13
$18.22
10.15
15.31
11.39
14.07
51.29
6.52
$18.47
$18.16
10.17
15.33
11.23
14.02
51.61
7.05
$18.76
$18.87
10.36
15.95
11.58
14.51
52.88
7.09
$19.62
$19.16
10.70
16.32
11.77
14.74
53.23
7.22
$19.76
$19.77
10.64
16.55
12.23
15.16
54.45
7.22
$20.69
$1.28
2.30
1.10
$1.46
$1.29
2.32
1.09
$1.46
$1.08
2.21
0.88
$1.23
$1.02
2.01
0.78
$1.17
$1.05
1.87
0.72
$1.18
$1.08
1.98
0.83
$1.26
$1.07
2.06
0.84
$1.26
$1.15
2.09
0.85
$1.36
(3.2%)
(10.0%)
(5.8%)
(4.1%)
(5.2%)
(0.2%)
10.0%
(3.3%)
(6.6%)
(9.7%)
(7.8%)
(7.8%)
(7.8%)
(6.5%)
0.3%
(6.9%)
1.0%
(5.6%)
(1.4%)
(6.1%)
(3.0%)
(13.1%)
(4.7%)
(4.6%)
0.4%
(4.2%)
(1.3%)
(2.6%)
(1.7%)
(12.3%)
(3.0%)
(3.4%)
2.3%
(1.9%)
0.8%
(0.6%)
0.3%
(4.0%)
(4.6%)
(0.8%)
6.3%
(0.8%)
3.7%
3.1%
3.5%
5.8%
8.7%
4.3%
1.1%
(3.4%)
(0.4%)
4.6%
1.3%
17.8%
12.8%
4.4%
1.0%
(1.9%)
1.7%
0.5%
22.8%
11.8%
4.5%
5.9%
2.5%
5.1%
7.2%
5.6%
12.3%
9.0%
8.3%
0.2%
1.0%
0.4%
1.4%
0.7%
1.0%
(9.2%)
0.5%
(14.6%)
(14.1%)
(14.5%)
(14.6%)
(14.6%)
(20.2%)
(28.2%)
(17.1%)
(21.3%)
(20.2%)
(21.0%)
(19.9%)
(20.7%)
(26.8%)
(29.8%)
(23.4%)
(22.2%)
(22.3%)
(22.2%)
(21.1%)
(21.9%)
(22.0%)
(21.2%)
(21.9%)
(15.3%)
(18.7%)
(16.1%)
(15.4%)
(15.9%)
(8.7%)
(4.4%)
(12.7%)
0.2%
(6.1%)
(1.3%)
1.5%
(0.5%)
16.0%
21.4%
6.1%
11.4%
4.5%
9.8%
10.7%
10.0%
32.4%
25.8%
18.9%

International Airfreight (IXF/ATA)
YIELD
Total U.S. Packages
1
2
International Airfreight (IXF/ATA)

Total U.S. Packages
1
2
.
Revenue Growth:
Total U.S. Packages
1
2
.

OPERATING WEEKDAYS
7.6
7.7
7.1
7.1
7.2
7.6
7.5
7.6
$3.19
$3.04
$2.69
$2.60
$2.61
$2.58
$2.63
$2.72
64
63
63
64
65
63
62
65
1 - International Priority includes FedEx International Priority and FedEx International Economy services.
2 - International domestic statistics include our international intra-country express operations.
FedEx Express Aircraft and Vehicle Fleet Statistics

FY 2001 FY 2010
Aircraft Type
Max. Operational
Revenue Payload
(Lbs/Aircraft)1
2001
2002
2003
2004
Boeing 727-100
27,500
52
42
28
19
18
13
Boeing 727-200
38,200
95
95
94
94
94
Boeing 757-200
45,800
Boeing DC10-10
108,700
48
48
48
Boeing DC10-30
114,200
22
19
Boeing MD10-10
108,700
Boeing MD10-30
114,200
Boeing MD11
Boeing 777F
May 31
2005 2006
2008
2009
2010
94
94
90
79
77
12
24
36
39
30
25
13
17
17
17
14
13
10
11
19
27
36
41
50
58
57
58
10
12
15
164,200
34
39
42
42
57
58
58
58
57
59
178,000
Airbus A300-600
85,600
37
37
43
44
47
53
60
68
71
71
Airbus A310-200/300
61,900
46
50
51
51
62
65
66
66
56
53
Cessna 208A
1,900
10
10
10
10
10
10
10
10
10
10
Cessna 208B
2,500
248
248
247
246
246
243
243
243
242
241
Fokker F-27
9,850
32
32
30
27
17
ATR 72
14,660
11
13
13
13
13
ATR 42
10,880
22
29
29
29
29
26
26
8,300
11
11
640
647
643
645
670
671
669
677
654
667
Long-Haul Tractors
All Other Motorized Vehicles
2.7
42.1
2.9
41.8
2.8
39.9
2.8
38.9
2.7
37.4
2.8
39.8
2.7
40.9
2.7
41.6
2.7
40.2
2.8
38.5
Vehicle Fleet Total
44.8
44.7
42.7
41.7
40.1
42.6
43.6
44.3
42.9
41.3
Shorts SD3-60
Aircraft Fleet Total
2007
Vehicle Fleet (000s)
1 - Maximum Operational Revenue Payload (MORP) is the lesser of the net volume-limited payload and the net maximum structural payload.
23
FedEx Express Jet Fuel Statistics

FY 2001 FY 2010
FY 2001
FIRST
SECOND
THIRD
FOURTH
QUARTER QUARTER QUARTER QUARTER
Jet Fuel Gallons (000s)
233,321
244,978
233,734
233,251
234,860
269,365
268,660
278,320
$0.833
$1.038
$0.968
$0.846
$0.932
$0.825
$0.707
$0.794
$194,329
$254,303
$226,194
$197,361
$218,868
$222,241
$189,892
$221,087
Price Per Gallon

Jet Fuel Expense ($000s)
FY 2003
FIRST
SECOND
THIRD
FOURTH
280,355
Price Per Gallon

286,423
277,402
280,582
$0.992
$1.015
$0.907
$0.949
$1.093
$1.170
$284,799
$251,379
$266,842
$309,748
$332,296
294,796
294,325
299,168
302,980
307,504
305,771
309,490
$1.300
$1.553
$1.488
$1.717
$1.850
$2.226
$1.947
$2.122
$370,074
$457,720
$438,031
$513,753
$560,586
$684,611
$595,258
$656,643
309,348
312,274
311,345
311,503
FY 2008
FIRST
SECOND
THIRD
FOURTH
310,794
306,283
$2.318
$2.072
$1.980
$2.115
$2.295
$2.559
$717,150
$646,913
$616,323
$658,788
$713,393
$783,874
308,662
301,551
$2.852
$3.377
$880,199 $1,018,220
FY 2010
FIRST
SECOND
THIRD
FOURTH
294,734
284,518
278,740
262,021
261,655
271,153
275,746
281,865
$4.058
$3.014
$1.730
$1.511
$1.911
$2.081
$2.227
$2.357
$1,196,114
$857,659
$482,322
$395,888
$499,895
$564,146
$613,991
$664,307
FY 2006
FIRST
SECOND
THIRD
FOURTH
284,564
Price Per Gallon

284,014
$275,253
FY 2009
FIRST
SECOND
THIRD
FOURTH
283,460
$0.925
Price Per Gallon

281,115
$264,942
FY 2007
FIRST
SECOND
THIRD
FOURTH
277,029
$0.831
Price Per Gallon

FY 2004
FIRST
SECOND
THIRD
FOURTH
$233,022
FY 2005
FIRST
SECOND
THIRD
FOURTH
FY 2002
FIRST
SECOND
THIRD
FOURTH
FedEx Ground Segment Annual Consolidated Statements of Income

FY 2001 FY 2010
Years ended May 31
In millions
FY 2001
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
$6,958
481
$7,439
FINANCIAL RESULTS
Revenues:
FedEx Ground
FedEx SmartPost
$2,565
Operating Expenses:
1
Rentals
Fuel1
Other
$2,918
$3,581
$3,910
$4,680
$5,306
$6,043
$6,751
$6,670
377
$7,047
593
623
709
740
845
929
1,006
1,073
1,102
1,158
921
94
118
1,067
85
136
1,327
88
155
1,465
98
154
1,791
122
176
2,019
133
224
2,430
166
268
2,878
189
305
2,918
222
337
2,966
244
334
9
69
5
76
11
89
16
95
1
48
110
93
118
13
134
14
145
9
147
8
166
244
404
2,452
256
333
2,581
346
362
3,087
423
387
3,379
462
502
4,056
515
559
4,590
569
635
5,221
658
753
6,015
710
795
6,240
795
744
6,415
$ 113
$ 337
$ 494
$ 531
$ 624
$ 716
$ 822
$ 736
$ 807
$ 1,024
4.4%
11.5%
13.8%
13.6%
13.3%
13.5%
13.6%
10.9%
11.5%
13.8%
.
Operating Income
SELECTED STATISTICS
Operating Margin
1 - Beginning Q2 FY09, the company reclassified certain fuel supplemental costs at FedEx Ground related to its independent contractors from fuel expense to purchased transportation expense. FY07 - FY08
amounts have been revised to conform to the current period presentation.
is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY04 - FY07 amounts have been revised to conform
to the current segment presentation.
25
FedEx Ground Segment Quarterly Consolidated Statements of Income

FY 2001 FY 2002
Years ended May 31
In millions
FIRST
QUARTER
FY 2001
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2002
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel
Other
Operating Income
$623
$670
$613
$659
$683
$728
$715
$792
141
228
21
26
1
18
60
94
589
153
237
24
29
2
16
62
99
622
148
222
24
31
3
18
59
100
605
151
234
25
32
3
17
63
111
636
150
249
21
32
2
19
66
85
624
156
269
24
33
1
19
61
84
647
156
266
21
35
1
19
63
85
646
161
283
19
36
1
19
66
79
664
$ 34
$ 48
$ 23
$ 59
$ 81
$ 69
$128
5.5%
7.2%
1.3%
3.5%
8.6%
11.1%
9.7%
16.2%
SELECTED STATISTICS
Operating Margin

FY 2003 FY 2004
Years ended May 31
In millions
FIRST
QUARTER
FY 2003
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2004
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel
1
Other
Operating Income
$ 869
$ 905
$ 886
$ 921
$ 914
$ 978
$ 960
$1,058
176
318
23
37
1
22
94
97
768
179
337
23
40
3
22
81
85
770
176
335
23
38
3
22
90
90
777
178
337
19
40
4
23
81
90
772
177
342
20
37
2
23
102
95
798
187
367
26
39
3
24
103
94
843
183
367
26
38
4
22
1
107
100
848
193
389
26
40
7
26
111
98
890
$ 101
$ 135
$ 109
$ 149
$ 116
$ 135
$ 112
$ 168
11.6%
14.9%
12.3%
16.2%
12.7%
13.8%
11.6%
15.9%
SELECTED STATISTICS
Operating Margin
27

FY 2005 FY 2006
Years ended May 31
In millions
FIRST
QUARTER
FY 2005
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2006
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel
1
Other
Operating Income
$1,073
$1,174
$1,200
$1,233
$1,219
$1,307
$1,363
$1,417
197
410
26
40
7
26
112
105
923
213
456
32
43
13
26
113
137
1,033
214
464
31
47
11
28
121
132
1,048
221
461
33
46
17
30
116
128
1,052
221
466
31
50
18
29
117
136
1,068
230
506
36
53
27
28
127
135
1,142
237
517
35
58
21
29
133
144
1,174
241
530
31
63
27
32
138
144
1,206
$ 150
$ 141
$ 152
$ 181
$ 151
$ 165
$ 189
$ 211
14.0%
12.0%
12.7%
14.7%
12.4%
12.6%
13.9%
14.9%
SELECTED STATISTICS
Operating Margin
result, FedEx Office is part of the FedEx Services reportable segment. Net operating costs of the FedEx Services segment are allocated to the transportation segments it supports. FY05-FY06

FY 2007 - FY 2008
Years ended May 31
In millions
FIRST
QUARTER
FY 2007
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Purchased transportation1
Rentals
1
Fuel
Other
Operating Income
$1,417
$1,520
$1,523
$1,583
$1,618
$1,698
$1,720
$1,715
241
582
36
61
2
31
134
171
1,258
256
616
44
65
4
32
145
165
1,327
251
619
45
71
4
35
141
161
1,327
258
613
41
71
3
36
149
138
1,309
260
652
43
73
2
34
159
205
1,428
272
739
50
77
4
38
165
180
1,525
272
745
49
77
5
36
172
194
1,550
269
742
47
78
3
37
162
174
1,512
$ 159
$ 193
$ 196
$ 274
$ 190
$ 173
$ 170
$ 203
11.2%
12.7%
12.9%
17.3%
11.7%
10.2%
9.9%
11.8%
SELECTED STATISTICS
Operating Margin
1 - Beginning Q2 FY09, the company reclassified certain fuel supplemental costs at FedEx Ground related to its independent contractors from fuel expense to purchased transportation expense.
FY07 - FY08 amounts have been revised to conform to the current period presentation.
29

FY 2009 FY 2010
Years ended May 31
In millions
FIRST
QUARTER
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues:
FedEx Ground
FedEx SmartPost
Operating Expenses:
Rentals
Fuel
Other
Operating Income
$1,681
80
$1,761
$1,688
101
$1,789
$1,689
104
$1,793
$1,612
92
$1,704
$1,637
93
$1,730
$1,712
125
$1,837
$1,768
142
$1,910
$1,840
122
$1,962
267
771
51
80
2
37
178
179
1,565
279
745
58
81
3
37
180
194
1,577
278
725
58
85
3
35
180
233
1,597
278
677
55
91
1
38
172
189
1,501
282
693
58
85
1
38
184
180
1,521
288
733
63
83
2
40
196
194
1,599
289
771
63
83
3
41
207
195
1,652
299
769
60
83
2
47
208
175
1,643
$ 196
$ 212
$ 196
$ 203
$ 209
$ 238
$ 258
$ 319
11.1%
11.9%
10.9%
11.9%
12.1%
13.0%
13.5%
16.3%
SELECTED STATISTICS
Operating Margin
FedEx Ground Segment Annual Shipment Statistics

FY 2001 FY 2010
FedEx Ground
Total Package Volume (000s)
FY 2001
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
FY 2007
FY 2008
FY 2009
FY 2010
898,464
386,155
443,912
546,313
580,459
667,904
717,825
797,130
858,101
864,660
Average Daily Package Volume (000s)
1,520
1,755
2,168
2,285
2,609
2,815
3,126
3,365
3,404
3,523
Yield
$5.79
$6.11
$6.25
$6.48
$6.68
$7.02
$7.21
$7.48
$7.70
$7.73
Average Daily YOY Volume Growth Rate
5.4%
15.5%
23.5%
5.4%
14.2%
7.9%
11.0%
7.6%
1.2%
3.5%
OPERATING WEEKDAYS
254
253
252
254
256
255
255
255
254
255
151,547
156,958
208,315
309,282
599
618
827
1,222
$1.88
$2.09
$1.81
$1.56
FedEx SmartPost
Yield
N/A
3.2%
33.8%
47.8%
OPERATING WEEKDAYS
253
254
252
253
31
FedEx Ground Segment Quarterly Shipment Statistics

FY 2001 FY 2010
FY 2001
FIRST
SECOND
THIRD
FOURTH
Yield
Avg Daily YOY Package Growth Rate
OPERATING WEEKDAYS
95,800
1,452
102,195
1,648
90,807
1,441
97,353
1,545
102,252
1,573
113,238
1,826
108,465
1,746
119,957
1,874
$5.67
$5.69
$5.82
$5.99
$6.10
$5.98
$6.16
$6.19
10.8%
21.4%
21.3%
6.3%
6.9%
1.8%
6.7%
8.4%
66
62
63
63
65
FY 2003
FIRST
SECOND
THIRD
FOURTH
Yield
134,325
2,099
$6.15
33.4%
OPERATING WEEKDAYS
64
141,439
2,281
$6.10
24.9%
62
134,579
2,171
$6.27
24.1%
62
135,970
2,125
$6.47
13.3%
64
FY 2005
FIRST
SECOND
THIRD
FOURTH
Yield
159,058
2,447
$6.54
15.6%
OPERATING WEEKDAYS
65
171,675
2,725
$6.48
16.4%
63
167,580
2,660
$6.79
169,650
2,610
$6.91
15.9%
9.3%
63
65
FY 2007
FIRST
SECOND
THIRD
FOURTH
FedEx Ground
Yield
190,190
2,926
$7.13
13.1%
OPERATING WEEKDAYS
FedEx SmartPost
Yield
OPERATING WEEKDAYS
204,246
3,242
$7.04
14.0%
199,392
3,216
$7.26
203,320
3,128
$7.43
62
62
64
FY 2004
FIRST
SECOND
THIRD
FOURTH
135,400
2,116
$6.44
147,536
2,342
$6.37
142,345
2,296
$6.52
0.8%
2.7%
5.8%
64
63
62
155,178
2,387
$6.59
12.4%
65
FY 2006
FIRST
SECOND
THIRD
FOURTH
168,090
2,586
$6.92
179,109
2,843
$6.90
5.7%
4.3%
65
63
182,528
2,944
$7.10
10.7%
62
188,110
2,894
$7.13
10.9%
65
FY 2008
FIRST
SECOND
THIRD
FOURTH
208,715
3,211
$7.41
220,815
3,505
$7.27
217,035
3,445
$7.50
211,527
3,305
$7.74
9.2%
8.1%
9.7%
8.1%
7.1%
5.7%
65
63
62
65
65
63
63
64
33,540
516
$1.75
41,391
657
$1.95
38,820
647
$1.92
37,895
583
$1.90
34,775
535
$2.01
43,008
672
$2.12
43,127
707
$2.11
36,029
563
$2.11
N/A
N/A
N/A
N/A
3.7%
2.3%
9.3%
65
63
60
65
65
64
61
FY 2009
FIRST
SECOND
THIRD
FOURTH
FedEx Ground
FY 2002
FIRST
SECOND
THIRD
FOURTH
(3.5%)
64
FY 2010
FIRST
SECOND
THIRD
FOURTH
213,676
218,812
221,169
211,003
215,200
226,943
227,797
3,339
3,473
3,511
3,297
3,311
3,602
3,674
3,516
Yield
$7.86
$7.70
$7.62
$7.63
$7.60
$7.54
$7.75
$8.04
(0.2%)
(0.8%)
3.7%

OPERATING WEEKDAYS
FedEx SmartPost
Yield
OPERATING WEEKDAYS
4.0%
(0.9%)
1.9%
4.6%
228,524
6.6%
64
63
63
64
65
63
62
65
37,387
48,982
62,189
59,756
65,554
79,676
89,312
74,740
584
777
1,020
934
1,009
1,265
1,489
1,150
$2.14
$2.07
$1.67
$1.54
$1.41
$1.57
$1.59
$1.63
15.6%
44.3%
65.8%
72.8%
62.8%
46.0%
23.1%
9.2%
64
63
61
64
65
63
60
65
FedEx Freight Segment Annual Consolidated Statements of Income

FY 2002 FY 2010
Years ended May 31
In millions
FY 20071
FY 2008
FY 2009
FY 2010
$3,645
$4,586
$4,934
$4,415
$4,321
1,650
315
99
102
257
128
1,801
298
94
120
377
120
2,250
465
112
195
468
165
2,381
582
119
227
608
175
2,247
540
139
224
520
153
2,128
690
116
198
445
148
21
263
2,445
26
286
2,863
37
313
3,160
61
407
4,123
81
432
4,605
100
109
427
4,459
18
351
380
4,474
$ 193
$ 244
$ 354
$ 485
$ 463
$ 329
($44)
($153)
7.9%
9.1%
11.0%
13.3%
10.1%
6.7%
(1.0%)
(3.5%)
FY 2002
FY 2003
FY 2004
FY 2005
FY 2006
$2,253
$2,443
$2,689
$3,217
1,218
197
101
91
133
91
1,303
224
105
88
154
115
1,427
254
100
92
172
116
13
224
2,068
17
244
2,250
$ 185
8.2%
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel2
Impairment and other charges3
Other2
Operating Income
SELECTED STATISTICS
Operating Margin
1 - The results of operations of FedEx National LTL are included in FedEx Freight segment results from the date of its acquisition on September 3, 2006.
2 - Beginning Q2 FY05, certain FedEx Freight expenses have been reclassified from Other Expense to Fuel Expense. Reclassifications extend back to Q3 FY01, the inception of the FedEx Freight Segment.
3 - Results for FY09 include charges of $100 million related to noncash impairment charges associated with goodwill related to the Watkins Motor Lines acquisition and other charges primarily associated with
employee severance.
4 - In Q1 FY10, approximately 2,700 FedEx Freight segment employees were transferred to FedEx Services and FedEx TechConnect. These employees represented the sales, information technology, marketing,
pricing, customer service, claims and credit and collection functions of the FedEx Freight segment and were tranferred to allow further centralization of these functions into the FedEx Services segment shared
service organization. The costs of the functions are allocated to the FedEx Freight segment through intercompany charges.
33
FedEx Freight Segment Quarterly Consolidated Statements of Income

FY 2001 FY 2002
Years ended May 31
In millions
FIRST
QUARTER
FY 2001
THIRD 1
SECOND
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2002
SECOND
THIRD
QUARTER QUARTER
$415
$578
$588
$565
$505
$595
208
45
22
20
32
15
1
50
393
303
52
26
30
40
24
64
539
310
53
25
21
37
23
3
61
533
300
53
25
23
34
22
3
50
510
287
41
26
25
28
20
3
53
483
321
50
25
22
34
26
4
60
542
$ 22
$ 39
$ 55
$ 55
$ 22
$ 53
5.3%
6.7%
9.4%
9.7%
4.4%
8.9%
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
2
Fuel
2
Other
Operating Income
SELECTED STATISTICS
Operating Margin
1 - Includes three months of operations for FedEx Freight West and two months of operations for FedEx Freight East (January and February).
2 - Beginning Q2 FY05, certain FedEx Freight expenses have been reclassified from Other Expense to Fuel Expense. Reclassifications extend back to Q3 FY01, the inception of the FedEx Freight
segment.

FY 2003 FY 2004
Years ended May 31
In millions
FIRST
QUARTER
FY 2003
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2004
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
1
Fuel
1
Other
Operating Income
$615
$634
$568
$626
$637
$664
$630
$758
328
57
26
23
35
28
5
59
561
329
62
29
20
38
31
4
59
572
313
51
25
22
39
27
5
58
540
333
54
25
23
42
29
3
68
577
340
56
24
21
39
27
6
63
576
345
64
25
24
39
29
4
68
598
346
59
25
24
43
28
5
63
593
396
75
26
23
51
32
6
69
678
$ 54
$ 62
$ 28
$ 49
$ 61
$ 66
$ 37
$ 80
8.8%
9.8%
4.9%
7.8%
9.6%
10.0%
5.9%
10.6%
SELECTED STATISTICS
Operating Margin
segment.
35

FY 2005 FY 2006
Years ended May 31
In millions
FIRST
QUARTER
FY 2005
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2006
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
1
Fuel
1
Other
Operating Income
$807
$820
$747
$843
$892
$932
$848
$973
410
84
25
24
54
31
6
70
704
406
88
26
26
65
31
7
69
718
404
71
25
25
61
33
6
68
693
430
72
23
27
77
33
7
79
748
439
72
24
30
82
28
9
73
757
442
81
25
29
104
30
9
77
797
449
68
23
29
87
30
9
80
775
471
77
22
32
104
32
10
83
831
$103
$102
$ 54
$ 95
$135
$135
$ 73
$ 142
12.8%
12.5%
7.2%
11.3%
15.1%
14.5%
8.6%
14.6%
SELECTED STATISTICS
Operating Margin
segment.

FY 2007 FY 2008
Years ended May 31
In millions
FIRST
QUARTER
FY 2007
SECOND
THIRD
FOURTH
1
1
1
FIRST
QUARTER
FY 2008
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel
Other
Operating Income
$1,013
$1,225
$1,101
$1,247
$1,233
$1,236
$1,155
$1,310
484
83
23
31
112
32
14
84
863
592
140
30
52
116
45
16
96
1,087
569
117
30
55
111
42
15
112
1,051
605
125
29
57
129
46
16
115
1,122
595
130
28
57
130
47
21
120
1,128
607
147
29
58
141
45
20
110
1,157
582
139
30
56
148
39
20
95
1,109
597
166
32
56
189
44
20
107
1,211
$150
$138
$50
$125
$105
$79
$46
$99
14.8%
11.3%
4.5%
10.0%
8.5%
6.4%
4.0%
7.6%
SELECTED STATISTICS
Operating Margin
1 - The results of operations of FedEx National LTL are included in the FedEx Freight segment results from the dates of its acquisition on September 3, 2006.
37

FY 2009 FY 2010
Years ended May 31
In millions
FIRST
QUARTER
FY 2009
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FIRST
QUARTER
FY 2010
SECOND
THIRD
QUARTER QUARTER
FOURTH
QUARTER
FINANCIAL RESULTS
Revenues
Operating Expenses:
Rentals
Fuel
1
2
Other
Operating Income
$1,353
$1,200
$914
$948
$982
$1,068
$1,040
$1,231
614
180
33
54
206
43
22
112
1,264
592
151
35
53
150
41
29
117
1,168
529
104
34
59
83
33
29
102
973
512
105
37
58
81
36
100
29
96
1,054
507
118
29
55
94
34
52
91
980
513
168
27
46
104
35
98
89
1,080
532
191
29
49
112
36
99
99
1,147
576
213
31
48
135
43
18
102
101
1,267
$89
$32
($59)
($106)
$2
($12)
($107)
($36)
6.6%
2.7%
(6.5%)
(11.2%)
0.2%
(1.1%)
(10.3%)
(2.9%)
SELECTED STATISTICS
Operating Margin
1 - Q4 FY09 results include charges of $100 million related to noncash impairment charges associated with goodwill related to the Watkins Motor Lines acquisition and other charges primarily
associated with employee severance.
2 - In Q1 FY10, approximately 2,700 FedEx Freight segment employees were transferred to FedEx Services and FedEx TechConnect. These employees represented the sales, information
technology, marketing, pricing, customer service, claims and credit and collection functions of the FedEx Freight segment and were tranferred to allow further centralization of these functions
into the FedEx Services segment shared service organization. The costs of the functions are allocated to the FedEx Freight segment through intercompany charges.
FedEx Freight Annual LTL Shipment Statistics
FY 2002 FY 2010
Shipments Per Day

Weight Per Shipment
Revenue/CWT
FY 2003
FY 2004
FY 2005
FY 2006
FY 2008
FY 2009
FY 2010
56,000
56,403
57,702
63,358
66,748
78,236
79,706
74,389
82,290
1,114
1,114
1,127
1,132
1,143
1,130
1,136
1,126
1,134
$12.41
$13.40
$14.23
$15.48
$16.84
$18.65
$19.65
$19.07
$17.07
Avg Daily YOY Shipment Growth Rate

OPERATING WEEKDAYS
FY 2007
FY 2002
253
0.7%
2.3%
9.8%
5.4%
17.2%
1.9%
(6.7%)
252
253
254
254
254
253
252
10.6%
253
39
FedEx Freight Quarterly LTL Shipment Statistics

FY 2001 FY 2010
FY 2001
1
FOURTH
FIRST
SECOND THIRD
Shipments Per Day
Weight Per Shipment
Revenue/CWT
FY 2002
FIRST
SECOND
THIRD
FOURTH
54,176
57,198
57,367
56,284
52,585
57,568
1,132
1,133
1,120
1,112
1,108
1,116
$11.80
$11.84
$12.23
$12.55
$12.39
$12.50
(2.9%)
OPERATING WEEKDAYS
42
65
FY 2003
FIRST
SECOND
THIRD
FOURTH
Shipments Per Day
58,155
Weight Per Shipment

Revenue/CWT
OPERATING WEEKDAYS
58,973
52,607
55,838
62
61
65
FY 2004
FIRST
SECOND
THIRD
FOURTH
55,831
57,675
54,957
62,188
1,120
1,104
1,110
1,120
1,118
1,119
1,121
1,146
$12.80
$13.55
$13.59
$13.69
$13.97
$14.32
$14.35
$14.28
1.4%
4.8%
0.0%
4.5%
11.4%
64
62
62
62
65
(3.0%)
64
FY 2005
FIRST
SECOND
THIRD
FOURTH
Shipments Per Day
65
0.6%
(4.0%)
64
(2.2%)
62
FY 2006
FIRST
SECOND
THIRD
FOURTH
64,397
65,104
60,051
63,810
65,321
68,266
64,171
69,185
1,128
1,130
1,129
1,142
1,132
1,161
1,141
1,137
Revenue/CWT
$14.98
$15.55
$15.58
$15.82
$16.55
$16.80
$16.74
$17.25
15.3%
12.9%
9.3%
2.6%
1.4%
4.9%
6.9%
8.4%
65
62
62
65
65
62
62
65
Weight Per Shipment
OPERATING WEEKDAYS
FY 2007
FY 2008
FIRST
SECOND
THIRD
FOURTH
FIRST
SECOND
THIRD
FOURTH
2
2
2
Shipments Per Day
Weight Per Shipment
Revenue/CWT
OPERATING WEEKDAYS
69,635
86,976
77,096
79,701
79,331
81,928
75,468
82,038
1,130
1,127
1,129
1,136
1,131
1,129
1,143
1,142
$17.90
$18.73
$18.68
$19.18
$19.39
$19.56
$19.63
$19.98
6.6%
27.4%
20.1%
15.2%
13.9%
65
61
62
66
65
FY 2009
FIRST
SECOND
THIRD
FOURTH
Shipments Per Day
Weight Per Shipment
Revenue/CWT
OPERATING WEEKDAYS
82,735
80,305
65,991
68,448
(5.8%)
62
(2.1%)
62
71,384
82,928
83,426
91,523
1,140
1,122
1,121
1,119
1,109
1,128
1,133
1,160
$20.44
$19.44
$18.21
$17.78
$17.87
$17.09
$16.82
$16.69
(12.6%)
(16.6%)
(13.7%)
3.3%
26.4%
33.7%
62
61
65
4.3%
64
(2.0%)
62
62
64
65
64
FY 2010
FIRST
SECOND
THIRD
FOURTH
1 - Based on the portion of the quarter that included both FedEx Freight East and FedEx Freight West (January and February).
2.9%

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Historical Statistics

This report is a statistical supplement to FedExs financial reports and should be

FEDEX EXPRESS SEGMENT

FEDEX GROUND SEGMENT

FEDEX FREIGHT SEGMENT

FedEx Historical Stat Book /

FedEx Corp. Condensed Consolidated Balance Sheets

FY 2001 FY 2002 FY 2003 FY 2004

FY 2005 FY 2006 FY 2007

LIABILITIES AND STOCKHOLDERS' INVESTMENT

COMMON STOCKHOLDERS' INVESTMENT:

2 / FedEx Historical Stat Book

FedEx Corp. Condensed Consolidated Statements of Cash Flows

Effect of exchange rate changes on cash

FedEx Historical Stat Book /

FedEx Corp. Annual Consolidated Statements of Income

Impairment and other charges

Operating Income (Loss):

FedEx Ground segment

Income Before Income Taxes

Provision for Income Taxes9

Income Before Accounting Change

Cumulative Effect of Change in Accounting

Basic Earnings Per Share:

Diluted Earnings Per Share:

Avg Common and Common Equivalent Shares

4 / FedEx Historical Stat Book

FedEx Corp. Quarterly Consolidated Statements of Income

Other Income (Expense):

Income Before Income Taxes

Provision for Income Taxes

Income Before Accounting Change

Cumulative Effect of Change in Accounting

FedEx Historical Stat Book /

FedEx Corp. Quarterly Consolidated Statements of Income

Operating Income (Loss):

Other Income (Expense):

Income Before Income Taxes

Provision for Income Taxes4

Basic Earnings Per Share

Dividends Paid Per Common Share

Maintenance and repairs

Weighted Avg. Common Shares

6 / FedEx Historical Stat Book

FedEx Corp. Quarterly Consolidated Statements of Income

Operating Income (Loss):

Other Income (Expense):

Income Before Income Taxes

Provision for Income Taxes

Basic Earnings Per Share

Weighted Avg. Common Shares

Dividends Paid Per Common Share

Diluted Earnings Per Share

FedEx Historical Stat Book /

FedEx Corp. Quarterly Consolidated Statements of Income

Operating Income (Loss):

Other Income (Expense):

Income Before Income Taxes

Provision for Income Taxes

Dividends Paid Per Common Share

Weighted Avg. Common Shares

8 / FedEx Historical Stat Book

FedEx Corp. Quarterly Consolidated Statements of Income