Q4 Fiscal 2018 Statistics

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1 Q4 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Fourth Quarter Fiscal 2018 June 19, 2018 This report is a statistical supplement to FedEx s interim financial reports and is prepared quarterly. Additional copies are available for downloading and printing at For more information, write or call: Mickey Foster, Vice President Elizabeth Allen, Director Stephen Hughes, Director Jeffrey Smith, Director FedEx Corp. Investor Relations 942 S. Shady Grove Road Memphis, TN Telephone: (901)

2 FEDEX CORPORATION TABLE OF CONTENTS OVERVIEW 1 CONDENSED CONSOLIDATED BALANCE SHEETS 2 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 3 ANNUAL CONSOLIDATED STATEMENTS OF INCOME 4 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2016 FY FY CAPITAL EXPENDITURES 7 FEDEX EXPRESS SEGMENT ANNUAL CONSOLIDATED STATEMENTS OF INCOME 8 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2016 FY FY ANNUAL SHIPMENT STATISTICS 11 QUARTERLY SHIPMENT STATISTICS FY2016 FY FY2018 FY AIRCRAFT AND VEHICLE FLEET STATISTICS 14 JET FUEL STATISTICS 15 FEDEX GROUND SEGMENT ANNUAL CONSOLIDATED STATEMENTS OF INCOME 16 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2016 FY FY ANNUAL SHIPMENT STATISTICS 19 QUARTERLY SHIPMENT STATISTICS 20 FEDEX FREIGHT SEGMENT ANNUAL CONSOLIDATED STATEMENTS OF INCOME 21 QUARTERLY CONSOLIDATED STATEMENTS OF INCOME FY2016 FY FY ANNUAL SHIPMENT STATISTICS 24 QUARTERLY SHIPMENT STATISTICS FY2016 FY

3 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 $65 billion, the company offers integrated business solutions 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 425,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx Express invented express transportation and remains the industry s global leader, providing rapid, reliable, time-definite delivery to more than 220 countries and territories, connecting markets that comprise more than 99 percent of the world s gross domestic product. Unmatched air route authorities and transportation infrastructure, combined with leading-edge information technologies, make FedEx Express the world s largest express transportation company, providing fast and reliable delivery of approximately 6 million shipments and more than 27 million pounds of freight each business day. The FedEx Express business segment financial results include TNT Express. FedEx Ground is a leading North American provider of small-package ground delivery services, providing service to the U.S. and Canada. FedEx Home Delivery, the industry s first ground service dedicated to residential delivery, is available from FedEx Ground and provides Saturday delivery for no additional charge. FedEx SmartPost is a FedEx Ground service that specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages primarily using the U.S. Postal Service for last-mile delivery to residences. FedEx Freight is a leading U.S. provider of less-than-truckload (LTL) freight services across all lengths of haul. FedEx Freight serves virtually every U.S. zip code (including Alaska and Hawaii) with industry-leading transit times, and also serves Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. FedEx Services provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services for U.S. customers of our major business units, and certain back-office functions that support our transportation segments. The FedEx Services business segment includes FedEx Office and Print Services, Inc., which provides document and business services and retail access to our package transportation businesses. Effective March 1, 2018, we realigned our specialty logistics and e-commerce solutions in a new organizational structure under FedEx Trade Networks, Inc. The realignment allows us to improve our ability to deliver the capabilities of our specialty services companies to customers. The new structure includes FedEx Custom Critical, FedEx Cross Border, and FedEx Supply Chain, FedEx Trade Networks Transport & Brokerage and a new company called FedEx Forward Depots. This new FedEx Trade Networks group is an operating segment which is included in Corporate, other and eliminations. Prior period segment results for all of our transportation segments have been recast to conform to current year presentation for these organizational structure changes. CORPORATE HEADQUARTERS: COMMON STOCK LISTING: STOCK SYMBOL: 942 S. Shady Grove Road Memphis, TN The New York Stock Exchange FDX COMMON SHARES AUTHORIZED: 800,000,000 COMMON SHARES OUTSTANDING: 265,998,935 (as of May 31, 2018) STOCKHOLDERS OF RECORD: 12,080 (as of May 31, 2018) TRANSFER AGENT & REGISTRAR: FISCAL YEAR END: May 31 COMPUTERSHARE PO BOX Louisville, KY (800) Q4 FY18 Stat Book / 1

4 FedEx Corporation Condensed Consolidated Balance Sheets FY 2016 FY 2018 May 31. In millions (except share data) ASSETS FY 2016 FY 2017 FY 2018 Current Assets Cash and cash equivalents $ 3,534 $ 3,969 $ 3,265 Receivables, less allowances 7,252 7,599 8,481 Spare parts, supplies and fuel, less allowances Prepaid expenses and other Total current assets 11,989 12,628 13,341 Property and Equipment, at Cost Aircraft and related equipment 17,499 18,833 20,749 Package handling and ground support equipment 7,961 8,989 9,727 Information technology 5,149 5,396 5,794 Vehicles 6,422 6,961 7,708 Facilities and other 9,987 10,447 11,143 47,018 50,626 55,121 Less accumulated depreciation and amortization 22,734 24,645 26,967 Net property and equipment 24,284 25,981 28,154 Other Long-Term Assets Goodwill 6,747 7,154 6,973 Other assets 1 2,939 2,789 3,862 Total other long-term assets 9,686 9,943 10,835 LIABILITIES AND STOCKHOLDERS' INVESTMENT $ 45,959 $ 48,552 $ 52,330 Current Liabilities Current portion of long-term debt $ 29 $ 22 $ 1,342 Accrued salaries and employee benefits 1,972 1,914 2,177 Accounts payable 2,944 2,752 2,977 Accrued expenses 3,063 3,230 3,131 Total current liabilities 8,008 7,918 9,627 Long-Term Debt, Less Current Portion 1 13,733 14,909 15,243 Other Long-Term Liabilities Deferred income taxes 1,567 2,485 2,867 Pension, postretirement healthcare and other benefit obligations 6,227 4,487 2,187 Self-insurance accruals 1,314 1,494 1,784 Deferred lease obligations Deferred gains, principally related to aircraft transactions Other liabilities Total other long-term liabilities 10,434 9,652 8,044 Commitments and Contingencies Common Stockholders' Investment Common stock $0.10 par value; 800 million shares auth Additional paid-in capital 2,892 3,005 3,117 Retained earnings 18,371 20,833 24,823 Accumulated other comprehensive (loss) income (169) (415) (578) Treasury stock, at cost (7,342) (7,382) (7,978) Total common stockholders' investment 13,784 16,073 19,416 $ 45,959 $ 48,552 $ 52, FY16 amounts were revised in FY17 as part of our adoption of an accounting standard that requires us to present debt issuance costs related to a recognized debt liability as a direct reduction from the carrying amount of that debt liability, rather than as an asset. Current period financial results are unaudited. Differences may result due to rounding. 2 / Q4 FY18 Stat Book

5 FedEx Corporation Condensed Consolidated Statements of Cash Flows FY 2016 FY 2018 Years ended May 31. In millions FY 2016 FY 2017 FY 2018 OPERATING ACTIVITIES Net income $ 1,820 $ 2,997 $ 4,572 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 2,631 2,995 3,095 Provision for uncollectible accounts Stock-based compensation Deferred income taxes and other noncash items (231) Goodwill and other asset impairment charges Retirement plans mark-to-market adjustment 1,498 (24) (10) Gain from sale of business (85) Gain from sale of investment (35) - Changes in operating assets and liabilities, net of the effects of businesses acquired: Receivables (199) (556) (1,049) Other current assets (234) 78 (135) Pension and postretirement assets and liabilities, net (346) (1,688) (2,345) Accounts payable and other operating liabilities Other, net (225) (139) (72) Cash provided by operating activities 5,708 4,930 4,674 INVESTING ACTIVITIES Capital expenditures (4,818) (5,116) (5,663) Business acquisitions, net of cash acquired (4,618) (179) Proceeds from sale of business 123 Proceeds from asset dispositions and other (10) Cash used in investing activities (9,446) (4,981) (5,677) FINANCING ACTIVITIES Principal payments on debt (41) (82) (38) Proceeds from debt issuances 6,519 1,190 1,480 Proceeds from stock issuances Dividends paid (277) (426) (535) Purchase of treasury stock (2,722) (509) (1,017) Other, net (51) Cash provided (used in) by financing activities 3, Effect of exchange rate changes on cash (102) (42) 72 CASH AND CASH EQUIVALENTS Net (decrease) increase in cash and cash equivalents (229) 435 (704) Cash and cash equivalents at beginning of period 3,763 3,534 3,969 Cash and cash equivalents at end of period $ 3,534 $ 3,969 $ 3, In 2018, we incurred goodwill and other asset impairment charges of $380 million primarily for the impairment of goodwill ($374 million) related to FedEx Supply Chain, eliminating substantially all of the goodwill attributable to this reporting unit. Current period financial results are unaudited. Differences may result due to rounding. Q4 FY18 Stat Book / 3

6 FedEx Corporation Annual Consolidated Statements of Income FY 2016 FY 2018 Years ended May 31 In millions, except EPS Revenue: 1 FY 2016 FY 2017 FY 2018 FedEx Express segment 2 $ 25,553 $ 33,824 $ 36,172 FedEx Ground segment 15,051 16,503 18,395 FedEx Freight segment 5,825 6,070 6,812 FedEx Services segment 1,593 1,621 1,650 Other and eliminations 2,343 2,301 2,421 Total Revenue 50,365 60,319 65,450 Operating Expenses: Salaries and employee benefits 18,581 21,542 23,207 Purchased transportation 9,966 13,630 15,101 Rentals and landing fees 2,854 3,240 3,361 Depreciation and amortization 2,631 2,995 3,095 Fuel 2,399 2,773 3,374 Maintenance and repairs 2,108 2,374 2,622 Goodwill and other asset impairment charges Retirement plans mark-to-market adjustment 1,498 (24) (10) Other 4,5 7,251 8,752 9,450 Total Operating Expenses 47,288 55,282 60,580 Operating Income: 1 FedEx Express segment 2 2,485 2,769 2,578 FedEx Ground segment 2,240 2,279 2,605 FedEx Freight segment Corporate, other and eliminations 5,6,7 (2,069) (401) (830) Total Operating Income 6 3,077 5,037 4,870 Other Income (Expense): Interest, net (315) (479) (510) Other, net (22) 21 (7) Total Other Income (Expense) (337) (458) (517) Income Before Income Taxes 7 2,740 4,579 4,353 Provision for Income Taxes ,582 (219) Net Income $ 1,820 $ 2,997 $ 4,572 Basic Earnings Per Share 5,6,7 $ 6.59 $ $ Weighted Avg. Common Shares Diluted Earnings Per Share 5,6,7 $ 6.51 $ $ Avg Common and Common Equiv. Shares SELECTED STATISTICS Operating Margin 6.1% 8.4% 7.4% Pretax Margin 5.4% 7.6% 6.7% Return on Assets 9 4.4% 6.3% 9.1% Return on Equity % 20.1% 25.8% Dividends Paid Per Common Share $ 1.00 $ 1.60 $ Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment. In 2018, we incurred goodwill and other asset impairment charges of $380 million primarily for the impairment of goodwill ($374 million) related to FedEx Supply Chain, eliminating substantially all of the goodwill attributable to this reporting unit. Includes predominantly costs associated with outside service contracts (such as security, temporary labor, facility services and cargo handling), insurance, legal reserves, professional fees, taxes and licenses, and uniforms. FY18 amounts include legal charges of $8 million ($6 million, net of tax, or $0.02 per diluted share) related to certain pending CBP matters involving FedEx Trade Networks. FY17 includes legal charges of $39 million ($24 million, net of tax, or $0.09 per diluted share) and $22 million ($13 million, net of tax, or $0.05 per diluted share). FY16 includes legal settlement expenses and certain expected losses (net of recognized insurance recovery) of $256 million ($158 million, net of tax, or $0.57 per diluted share) and $69 million ($43 million, net of tax, or $0.15 per diluted share). FY18 amounts include TNT Express integration expenses of $477 million ($372 million, net of tax, or $1.36 per diluted share). FY17 amounts include TNT Express integration expenses, which include restructuring charges, of $327 million ($245 million, net of tax, or $0.91 per diluted share). These expenses are included in the "Corporate, other and eliminations" and FedEx Express results. FY16 includes transaction, financing and integration planning expenses related to the TNT Express acquisition as well as TNT Express's immaterial operating results from the time of acquisition of $132 million ($125 million, net of tax, or $0.45 per diluted share). These expenses are predominantly included in the "Corporate, other and eliminations" results. Includes a mark-to-market pension gain of approximately $10 million ($9 million, net of tax, or $0.03 per diluted share) in FY18, a gain of approximately $24 million ($6 million, net of tax, or $0.02 per diluted share) in FY17 and a loss of approximately $1.5 billion ($0.9 billion, net of tax, or $3.39 per diluted share) in FY16. FY18 amounts include a provisional benefit of $1.15 billion ($4.22 per diluted share) from the remeasurement of the company's net U.S. deferred tax liability for lower tax rates. Return on Assets and Return on Equity for the current year-to-date presentation are calculated on a rolling four quarter basis. Current period financial results are unaudited. Differences may result due to rounding. 4 / Q4 FY18 Stat Book

7 FedEx Corporation Quarterly Consolidated Statements of Income FY FY 2017 Years ended May 31 In millions, except EPS FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER Revenue: 1 FedEx Express segment 2 $ 6,348 $ 6,330 $ 6,353 $ 6,522 $ 8,249 $ 8,390 $ 8,363 $ 8,822 FedEx Ground segment 3,460 3,677 $ 4,025 3,889 3,893 4,017 4,297 4,296 FedEx Freight segment 1,502 1,447 1,361 1,516 1,562 1,502 1,406 1,600 FedEx Services segment Other and eliminations Total Revenue 12,279 12,453 12,654 12,979 14,663 14,931 14,997 15,728 Operating Expenses: Salaries and employee benefits 4,525 4,570 4,712 4,774 5,311 5,353 5,395 5,483 Purchased transportation 2,344 2,538 2,623 2,461 3,240 3,431 3,498 3,461 Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs Retirement plans mark-to-market adjustment 1,498 (24) Other 3,4 1,663 1,729 2,007 1,852 2,071 2,201 2,160 2,320 Total Operating Expenses 11,135 11,316 11,790 13,047 13,399 13,764 13,972 14,147 Operating Income (Loss): 1 FedEx Express segment FedEx Ground segment FedEx Freight segment Corporate, other and eliminations 3,4 (43) (83) (329) (1,614) (81) (88) (91) (141) Total Operating Income (Loss) 5 1,144 1, (68) 1,264 1,167 1,025 1,581 Other Income (Expense): Interest, net (63) (74) (81) (97) (113) (119) (122) (125) Other, net 3 (8) (1) (16) (9) 30 (4) 4 Total Other Income (Expense) (60) (82) (82) (113) (122) (89) (126) (121) Income (Loss) Before Income Taxes 6 1,084 1, (181) 1,142 1, ,460 Provision for Income Taxes (111) Net Income (Loss) $ 692 $ 691 $ 507 ($70) $ 715 $ 700 $ 562 $ 1,020 Basic Earnings Per Share 3,4,5,6 $ 2.45 $ 2.47 $ 1.86 ($0.26) $ 2.69 $ 2.63 $ 2.11 $ 3.81 Weighted Avg. Common Shares Diluted Earnings Per Share 3,4,5,6 $ 2.42 $ 2.44 $ 1.84 ($0.26) $ 2.65 $ 2.59 $ 2.07 $ 3.75 Avg Common and Common Equiv. Shares SELECTED STATISTICS Operating Margin 9.3% 9.1% 6.8% (0.5%) 8.6% 7.8% 6.8% 10.1% Pretax Margin 8.8% 8.5% 6.2% (1.4%) 7.8% 7.2% 6.0% 9.3% Dividends Paid Per Common Share $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.40 $ 0.40 $ 0.40 $ FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. Q4 FY17 amounts include legal charges of $39 million ($24 million, net of tax, or $0.09 per diluted share) and $22 million ($13 million, net of tax, or $0.05 per diluted share). Q4 FY16 amounts include legal settlement expenses of $11 million ($6 million, net of tax, or $0.02 per diluted share). Q3 FY16 amounts include legal settlement expenses and certain expected losses of $204 million ($126 million, net of tax, or $0.46 per diluted share) and $69 million ($43 million, net of tax, or $0.15 per diluted share). Q2 FY16 amounts include a legal reserve increase of $41 million ($25 million, net of tax, or $0.09 per diluted share). Q4 FY17 amounts include a mark-to-market pension gain of approximately $24 million ($6 million, net of tax, or $0.02 per diluted share). Q4 FY16 amounts include a mark-to-market pension charge of approximately $1.5 billion ($0.9 billion, net of tax, or $3.47 per diluted share). Q4 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $124 million ($87 million, net of tax, or $0.32 per diluted share). Q3 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $78 million ($63 million, net of tax, or $0.23 per diluted share). Q2 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $58 million ($50 million, net of tax, or $0.18 per diluted share). Q1 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $68 million ($45 million, net of tax, or $0.17 per diluted share). These expenses are included in the "Corporate, other and eliminations" and FedEx Express Express results. Q4 FY16 includes transaction, financing and integration planning expenses related to the TNT Express acquisition as well as TNT Express's immaterial operating results from the time of acquisition of $79 million ($91 million, with tax, or $0.34 per diluted share). Q3 FY16 amounts include expenses related to our pending acquisition of TNT Express of $25 million ($15 million, net of tax, or $0.06 per diluted share). Q2 FY16 amounts include expenses related to our pending acquisition of TNT Express of $19 million ($12 million, net of tax, or $0.04 per diluted share). These expenses are predominantly included in the "Corporate, other and eliminations" results. Q4 FY18 Stat Book / 5

8 FedEx Corporation Quarterly Consolidated Statements of Income FY 2018 Years ended May 31 In millions, except EPS FY 2018 FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER Revenue: 1 FedEx Express segment $ 8,400 $ 9,076 $ 9,098 $ 9,598 FedEx Ground segment 4,245 4,525 4,828 $ 4,797 FedEx Freight segment 1,664 1,673 1,613 $ 1,862 FedEx Services segment $ 437 Other and eliminations $ 620 Total Revenue 15,297 16,314 16,526 17,314 Operating Expenses: Salaries and employee benefits 5,518 5,742 5,981 5,966 Purchased transportation 3,445 3,840 3,935 3,881 Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs Goodwill and other asset impairment charges Retirement plans mark-to-market adjustment (10) Other 3 2,270 2,395 2,408 2,377 Total Operating Expenses 14,180 15,051 15,525 15,824 Operating Income (Loss): 1 FedEx Express segment FedEx Ground segment FedEx Freight segment Corporate, other and eliminations 3,4,5 (117) (87) (119) (507) Total Operating Income (Loss) 5 1,117 1,262 1,001 1,490 Other Income (Expense): Interest, net (114) (124) (125) (147) Other, net (21) 1 (2) 15 Total Other Income (Expense) (135) (123) (127) (132) Income (Loss) Before Income Taxes 982 1, ,358 Provision for Income Taxes (1,200) 231 Net Income (Loss) $ 596 $ 775 $ 2,074 $ 1,127 Basic Earnings Per Share 3,4,5 $ 2.22 $ 2.89 $ 7.74 $ 4.23 Weighted Avg. Common Shares Diluted Earnings Per Share 3,4,5 $ 2.19 $ 2.84 $ 7.59 $ 4.15 Avg Common and Common Equiv. Shares SELECTED STATISTICS Operating Margin 7.3% 7.7% 6.1% 8.6% Pretax Margin 6.4% 7.0% 5.3% 7.8% Dividends Paid Per Common Share $ 0.50 $ 0.50 $ 0.50 $ Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 2 - In 2018, we incurred goodwill and other asset impairment charges of $380 million primarily for the impairment of goodwill ($374 million) related to FedEx Supply Chain, eliminating substantially all of the goodwill attributable to this reporting unit. 3 - Q4 FY18 amounts include a mark-to-market pension gain of approximately $10 million ($9 million, net of tax, or $0.03 per diluted share). 4 - Q1 FY18 amounts include legal charges of $7 million ($5 million, net of tax, or $0.02 per diluted share). 5 - Q4 FY18 amounts include TNT Express integration expenses of $136 million ($106 million, net of tax, or $0.39 per diluted share). Q3 FY18 amounts include TNT Express integration expenses of $106 million ($92 million, net of tax, or $0.34 per diluted share). Q2 FY18 amounts include TNT Express integration expenses of $122 million ($91 million, net of tax, or $0.33 per diluted share). Q1 FY18 amounts include TNT Express integration expenses of $112 million ($82 million, net of tax, or $0.30 per diluted share). These expenses are included in "Corporate, other and eliminations" and FedEx Express results. 6 - FY18 amounts include a provisional benefit of $1.15 billion ($4.22 per diluted share) from the remeasurement of the company's net U.S. deferred tax liability for lower tax rates. 6 / Q4 FY18 Stat Book

9 FedEx Corporation Capital Expenditures FY 2016 FY 2018 Years ended May 31 In millions FY 2016 FY 2017 FY 2018 By Asset Type 1 Aircraft and related equipment $ 1,697 $ 1,808 $ 2,483 Package handling and ground support equipment 1,196 1, Vehicles Information technology Facilities and other Total $ 4,818 $ 5,116 $ 5,663 By Segment 2,3 FedEx Express segment $ 2,350 $ 2,725 $ 3,461 FedEx Ground segment 1,556 1,490 1,178 FedEx Freight segment FedEx Services segment Other Total $ 4,818 $ 5,116 $ 5, FY16 amounts were revised in FY17 to conform to the current presentation of asset types FY16-FY17 amounts have been revised to conform to our current segment presentation organizational structure. FedEx Express segment FY17 capital expenditures have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment. Q4 FY18 Stat Book / 7

10 FedEx Express Segment Annual Consolidated Statements of Income 1 FY 2016 FY 2018 Years ended May 31 In millions Package Revenue: FY 2016 FY 2017 FY 2018 U.S. Overnight Box $ 6,763 $ 6,955 $ 7,273 U.S. Overnight Envelope 1,662 1,750 1,788 Total U.S. Overnight 8,425 8,705 9,061 U.S. Deferred 3,379 3,526 3,738 Total U.S. Package Revenue 11,804 12,231 12,799 International Priority 5,697 6,940 7,356 International Economy 2,282 2,876 3,255 Total International Export Package Revenue 7,979 9,816 10,611 International Domestic 2 1,285 4,227 4,587 Total Package Revenue 21,068 26,274 27,997 Freight Revenue: U.S. 2,481 2,527 2,797 International Priority ,910 2,179 International Economy ,740 1,916 International Airfreight Total Freight Revenue 3,991 6,532 7,260 Other Revenue 494 1, Total Revenue 25,553 33,824 36,172 Operating Expenses: 4,5 Salaries and employee benefits 9,921 12,278 13,096 Purchased transportation 1,688 4,721 5,109 Rentals and landing fees 1,664 1,947 1,987 Depreciation and amortization 1,377 1,662 1,679 Fuel 2,023 2,378 2,889 Maintenance and repairs 1,290 1,553 1,753 Intercompany charges 1,832 1,886 2,045 Other 3,273 4,630 5,036 23,068 31,055 33,594 Operating Income 5 $ 2,485 $ 2,769 $ 2,578 SELECTED STATISTICS Operating Margin 9.7% 8.2% 7.1% 1 - FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment. 2 - International domestic revenues represent our international intra-country operations. 3 - FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment. 4 - Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 5 - FY18 includes TNT Express integration expenses of $380 million. FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $206 million. Current period financial results are unaudited. Differences may result due to rounding. 8 / Q4 FY18 Stat Book

11 Years ended May 31 In millions Package Revenue: FedEx Express Segment Quarterly Consolidated Statements of Income 1 FY 2016 FY 2017 FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER U.S. Overnight Box $ 1,658 $ 1,682 $ 1,704 $ 1,719 $ 1,722 $ 1,709 $ 1,742 $ 1,782 U.S. Overnight Envelope Total U.S. Overnight 2,080 2,079 2,112 2,154 2,165 2,131 2,164 2,245 U.S. Deferred Total U.S. Packages 2,896 2,905 3,038 2,965 2,975 2,965 3,118 3,173 International Priority 1,464 1,433 1,346 1,454 1,715 1,762 1,667 1,797 International Economy Total International Export Package Revenue 2,038 2,001 1,892 2,048 2,408 2,478 2,359 2,572 International Domestic ,015 1,088 1,033 1,090 Total Package Revenue 5,261 5,242 5,233 5,332 6,398 6,531 6,510 6,835 Freight Revenue: U.S International Priority International Economy International Airfreight Total Freight Revenue ,002 1,066 1,567 1,600 1,659 1,706 Other Revenue Total Revenue 4 6,348 6,330 6,353 6,522 8,249 8,390 8,363 8,822 Operating Expenses: 4 Salaries and employee benefits 2,445 2,434 2,522 2,520 3,027 3,029 3,087 3,135 Purchased transportation ,184 1,169 1,140 1,228 Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs Intercompany charges Other ,126 1,185 1,161 1,158 5,815 5,719 5,765 5,769 7,642 7,680 7,799 7,934 Operating Income 4,5 $ 533 $ 611 $ 588 $ 753 $ 607 $ 710 $ 564 $ 888 SELECTED STATISTICS Operating Margin 4 8.4% 9.7% 9.3% 11.5% 7.4% 8.5% 6.7% 10.1% 1 - FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment. 2 - International domestic revenues represent our international intra-country operations. 3 - FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment. 4 - Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 5 - Q4 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $83 million. Q3 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $53 million. Q2 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $28 million. Q1 FY17 includes TNT Express integration expenses, which include restructuring charges at TNT Express, of $48 million. Q4 FY18 Stat Book / 9

12 Years ended May 31 In millions Package Revenue: FedEx Express Segment Quarterly Consolidated Statements of Income FY 2018 FY 2018 FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER U.S. Overnight Box $ 1,750 $ 1,787 $ 1,836 $ 1,900 U.S. Overnight Envelope $ 435 $ 471 Total U.S. Overnight 2,200 2,219 2,271 2,371 U.S. Deferred Total U.S. Packages 3,078 3,141 3,267 3,313 International Priority 1,741 1,839 1,813 1,963 International Economy Total International Export Package Revenue 2,511 2,654 2,606 2,840 International Domestic 1 1,044 1,214 1,128 1,201 Total Package Revenue 6,633 7,009 7,001 7,354 Freight Revenue: U.S International Priority International Economy International Airfreight Total Freight Revenue 1,547 1,829 1,875 2,009 Other Revenue Total Revenue 2 8,400 9,076 9,098 9,598 Operating Expenses: Salaries and employee benefits 3,108 3,233 3,390 3,365 Purchased transportation 1,184 1,304 1,285 1,336 Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs g Intercompany charges Other 1,224 1,268 1,317 1,227 7,962 8,357 8,667 8,608 Operating Income 2,3 $ 438 $ 719 $ 431 $ 990 SELECTED STATISTICS Operating Margin 2 5.2% 7.9% 4.7% 10.3% 1 - International domestic revenues represent our international intra-country operations. 2 - Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 3 - Q4 FY18 includes TNT Express integration expenses of $110 million. Q3 FY18 includes TNT Express integration expenses of $86 million. Q2 FY18 includes TNT Express integration expenses of $96 million. Q1 FY18 includes TNT Express integration expenses of $88 million. 10 / Q4 FY18 Stat Book

13 FedEx Express Segment Annual Shipment Statistics 1,2 FY 2016 FY 2018 AVG DAILY VOLUME / POUNDS Average Daily Package Volume (000s): FY 2016 FY 2017 FY 2018 U.S. Overnight Box 1,271 1,265 1,252 U.S. Overnight Envelope Total U.S. Overnight 1,812 1,826 1,801 U.S. Deferred Total U.S. Packages 2,713 2,726 2,729 International Priority International Economy Total International Export Packages International Domestic 1, ,394 2,429 Total Avg Daily Packages 1 4,176 5,901 5,953 Average Daily Freight Pounds (000s): U.S. 8,178 8,185 8,362 International Priority 4 1,702 5,213 5,386 International Economy ,274 12,603 International Airfreight 623 1,902 1,939 Total Avg Daily Freight Pounds 11,311 27,574 28,290 YIELD Revenue Per Package: U.S. Overnight Box $ $ $ U.S. Overnight Envelope Total U.S. Overnight U.S. Deferred Total U.S. Packages International Priority International Economy Total International Export Packages International Domestic 1, Total Composite Package Yield 1 $ $ $ Revenue Per Freight Pound: U.S. $ 1.19 $ 1.21 $ 1.31 International Priority International Economy International Airfreight Total Composite Freight Yield $ 1.38 $ 0.93 $ 1.01 PACKAGE YOY GROWTH RATES Average Daily Volume Growth: U.S. Overnight Box 2.5% (0.5%) (1.0%) U.S. Overnight Envelope 2.7% 3.7% (2.1%) Total U.S. Overnight 2.5% 0.8% (1.4%) U.S. Deferred (1.6%) (0.1%) 3.1% Total U.S. Packages 1.1% 0.5% 0.1% International Priority (3.9%) 33.8% International Economy 2.8% 40.3% 5.5% Total International Export Packages (1.9%) 35.8% 1.8% International Domestic 3 4.1% 169.6% 1.5% Total Package Volume Growth 1.3% 41.3% 0.9% Revenue Growth: U.S. Overnight Box 0.9% 2.8% 4.6% U.S. Overnight Envelope 2.0% 5.3% 2.2% Total U.S. Overnight 1.1% 3.3% 4.1% U.S. Deferred 1.1% 4.4% 6.0% Total U.S. Packages 1.1% 3.6% 4.6% International Priority (8.9%) 21.8% 6.0% International Economy (0.8%) 26.0% 13.2% Total International Export Packages (6.7%) 23.0% 8.1% International Domestic 3 (8.6%) 228.9% 8.5% Total Package Revenue Growth (2.6%) 24.7% 6.6% AVG POUNDS PER PACKAGE AVG REVENUE PER PACKAGE LB. $ 1.86 $ 1.24 $ 1.26 OPERATING WEEKDAYS FY17 amounts have been revised to reflect our reporting of TNT Express as part of the FedEx Express segment. 2 - Package and freight statistics include only the operations of FedEx Express for FY16, and of FedEx Express and TNT Express for FY17 - FY International domestic statistics represent our international intra-country operations. 4 - FY16 amounts have been revised to conform to the current presentation of the FedEx Express segment. Q4 FY18 Stat Book / 11

14 AVG. DAILY VOLUME / POUNDS Avg. Daily Package Volume (000s): FedEx Express Segment Quarterly Shipment Statistics 1 FY FY 2017 FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER U.S. Overnight Box 1,210 1,290 1,316 1,269 1,255 1,283 1,322 1,202 U.S. Overnight Envelope Total U.S. Overnight 1,751 1,821 1,851 1,827 1,825 1,840 1,871 1,767 U.S. Deferred , , Total U.S. Packages 2,616 2,721 2,866 2,652 2,649 2,706 2,896 2,657 International Priority International Economy Total International Export Packages International Domestic 1, ,172 2,536 2,471 2,405 Total Avg Daily Packages 1 4,036 4,263 4,309 4,104 5,559 6,035 6,155 5,867 Avg. Daily Freight Pounds (000s): U.S. 7,278 8,213 8,340 8,885 8,067 8,177 8,458 8,050 International Priority 3 1,701 1,763 1,621 1,722 4,793 5,417 5,238 5,409 International Economy ,154 12,593 12,578 12,795 International Airfreight ,869 1,959 1,995 1,787 Total Avg Daily Freight Pounds 10,378 11,496 11,376 12,001 25,883 28,146 28,269 28,041 YIELD Revenue Per Package: U.S. Overnight Box $ $ $ $ $ $ $ $ U.S. Overnight Envelope Total U.S. Overnight U.S. Deferred Total U.S. Packages International Priority International Economy Total International Export Packages International Domestic 1, Total Composite Package Yield 1 $ $ $ $ $ $ $ $ Revenue Per Freight Pound: U.S. $ 1.21 $ 1.12 $ 1.23 $ 1.18 $ 1.18 $ 1.19 $ 1.27 $ 1.21 International Priority International Economy International Airfreight Total Composite Freight Yield $ 1.42 $ 1.33 $ 1.40 $ 1.37 $ 0.93 $ 0.90 $ 0.95 $ 0.94 PACKAGE YOY GROWTH RATES Average Daily Volume Growth: U.S. Overnight Box (0.1%) 2.5% 4.6% 3.1% 3.7% (0.5%) 0.5% (5.3%) U.S. Overnight Envelope 2.7% 1.9% 3.7% 2.0% 5.4% 4.9% 2.6% 1.3% Total U.S. Overnight 0.7% 2.3% 4.3% 2.8% 4.2% 1.0% 1.1% (3.3%) U.S. Deferred 2.2% (1.6%) (0.9%) (6.4%) (4.7%) (3.8%) 1.0% 7.9% Total U.S. Packages 1.2% 1.0% 2.4% (0.3%) 1.3% (0.6%) 1.0% 0.2% International Priority (4.9%) (5.2%) (3.0%) (2.2%) 28.5% 32.8% 38.6% 35.3% International Economy 3.5% 3.3% 2.3% 3.4% 35.2% 39.2% 41.3% 44.0% Total International Export Packages (2.4%) (2.6%) (1.4%) (0.5%) 30.6% 34.9% 39.5% 38.1% International Domestic 2 4.8% 4.0% 5.7% 2.2% 154.0% 165.8% 181.4% 176.8% Total Package Volume Growth 1.4% 1.1% 2.5% 0.2% 37.7% 41.6% 42.8% 43.0% Revenue Growth: U.S. Overnight Box (1.4%) (1.3%) 3.1% 3.3% 3.9% 1.6% 2.2% 3.7% U.S. Overnight Envelope 1.7% (0.7%) 4.1% 3.1% 5.0% 6.3% 3.4% 6.4% Total U.S. Overnight (0.8%) (1.2%) 3.3% 3.3% 4.1% 2.5% 2.5% 4.2% U.S. Deferred 2.6% (1.0%) 3.5% (0.9%) (0.7%) 1.0% 3.0% 14.4% Total U.S. Packages 0.1% (1.2%) 3.3% 2.1% 2.7% 2.1% 2.6% 7.0% International Priority (10.2%) (13.1%) (8.0%) (3.6%) 17.1% 23.0% 23.8% 23.6% International Economy 0.5% (5.0%) (2.5%) 3.8% 20.7% 26.1% 26.7% 30.5% Total International Export Packages (7.4%) (10.9%) (6.5%) (1.6%) 18.2% 23.8% 24.7% 25.6% International Domestic 2 (11.9%) (12.3%) (7.6%) (1.5%) 210.4% 223.8% 240.9% 241.7% Total Package Revenue Growth (3.7%) (5.9%) (1.1%) 0.4% 21.6% 24.6% 24.4% 28.2% AVG POUNDS PER PACKAGE AVG REVENUE PER PACKAGE LB. $ 1.89 $ 1.79 $ 1.89 $ 1.90 $ 1.28 $ 1.19 $ 1.23 $ 1.24 OPERATING WEEKDAYS Package and freight statistics include only the operations of FedEx Express for FY16, and of FedEx Express and TNT Express for FY International domestic statistics represent our international intra-country operations. 3 - Amounts have been recast to conform to the current presentation of the FedEx Express segment. 12 / Q4 FY18 Stat Book

15 AVG. DAILY VOLUME / POUNDS Avg. Daily Package Volume (000s): FedEx Express Segment Quarterly Shipment Statistics FY FY 2019 FY 2018 FY 2019 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER U.S. Overnight Box 1,188 1,248 1,315 1,257 U.S. Overnight Envelope Total U.S. Overnight 1,745 1,795 1,856 1,808 U.S. Deferred , Total U.S. Packages 2,621 2,733 2,882 2,686 International Priority International Economy Total International Export Packages International Domestic 1 2,238 2,663 2,445 2,377 Total Avg Daily Packages 5,615 6,216 6,122 5,874 Avg. Daily Freight Pounds (000s): U.S. 7,727 8,475 8,757 8,512 International Priority 4,906 5,707 5,430 5,515 International Economy 10,281 13,231 13,209 13,738 International Airfreight 1,778 2,145 1,951 1,811 Total Avg Daily Freight Pounds 24,692 29,558 29,347 29,576 YIELD Revenue Per Package: U.S. Overnight Box $ $ $ $ U.S. Overnight Envelope Total U.S. Overnight U.S. Deferred Total U.S. Packages International Priority International Economy Total International Export Packages International Domestic Total Composite Package Yield $ $ $ $ Revenue Per Freight Pound: U.S. $ 1.22 $ 1.29 $ 1.36 $ 1.37 International Priority International Economy International Airfreight Total Composite Freight Yield $ 0.96 $ 0.98 $ 1.02 $ 1.03 PACKAGE YOY GROWTH RATES Average Daily Volume Growth: U.S. Overnight Box (5.3%) (2.7%) (0.5%) 4.6% U.S. Overnight Envelope (2.3%) (1.8%) (1.5%) (2.5%) Total U.S. Overnight (4.4%) (2.4%) (0.8%) 2.3% U.S. Deferred 6.3% 8.4% 0.1% (1.3%) Total U.S. Packages (1.1%) 1.0% (0.5%) 1.1% International Priority 0.8% 1.7% (1.1%) (1.1%) International Economy 5.9% 6.9% 5.1% 4.5% Total International Export Packages 2.4% 2.9% 0.9% 0.7% International Domestic 1 (3.1%) (1.2%) (1.1%) (1.2%) Total Package Volume Growth (1.4%) 0.3% (0.5%) 0.1% Revenue Growth: U.S. Overnight Box 1.6% 4.6% 5.4% 6.6% U.S. Overnight Envelope 1.6% 2.4% 3.1% 1.7% Total U.S. Overnight 1.6% 4.1% 4.9% 5.6% U.S. Deferred 8.4% 10.6% 4.4% 1.5% Total U.S. Packages 3.5% 5.9% 4.8% 4.4% International Priority 1.5% 4.4% 8.8% 9.2% International Economy 11.1% 13.8% 14.6% 13.2% Total International Export Packages 4.3% 7.1% 10.5% 10.4% International Domestic 1 2.9% 11.6% 9.2% 10.2% Total Package Revenue Growth 3.7% 7.3% 7.5% 7.6% AVG POUNDS PER PACKAGE AVG REVENUE PER PACKAGE LB. $ 1.28 $ 1.22 $ 1.27 $ 1.28 OPERATING WEEKDAYS International domestic statistics represent our international intra-country operations. Q4 FY18 Stat Book / 13

16 FedEx Express Aircraft and Vehicle Fleet Statistics FY 2016 FY 2024 Gross Max Structural Payload May 31 To Be Delivered (Retired/ Lease Expiration) in FY Aircraft Type (Lbs/Aircraft) Boeing , Boeing 767F 1,3 127, Boeing MD , (8) (10) (7) Boeing MD , (8) (5) Boeing MD11 192, (2) (2) (1) (2) (3) Boeing 777F 2,4 233, Boeing , Airbus A , (5) (8) (10) (1) (2) (7) Airbus A /300 83, Cessna 208B 2, Cessna 408B 5 6, ATR-72 17, ATR F 6 17, ATR-42 12, Aircraft Fleet Total (6) Vehicle Fleet (000s) 7 Long-Haul Tractors All Other Motorized Vehicles Vehicle Fleet Total NOTE: Aircraft fleet delivery schedule is subject to change. 1 - On June 18, 2018 FedEx entered into an agreement with The Boeing Company to purchase 12 B767F aircraft to be delivered FY20 - FY22. "Aircraft To Be Delivered" statistics include these aircraft. 2- On June 18, 2018 FedEx entered into an agreement with The Boeing Company to purchase 12 B777F aircraft to be delivered FY21 - FY25. "Aircraft To Be Delivered" statistics include these aircraft. 3 - As of May 31, 2018, B767F count includes 1 aircraft that is not currently in operation. As of May 31, 2018, we are committed to purchase 57 B767Fs. "Aircraft To Be Delivered" statistics include certain lease expirations. 4 - As of May 31, 2018, we are committed to purchase 12 B777Fs. 5 - As of May 31, 2018, we are committed to purchase 50 Cessna SkyCourier 408s. 6 - As of May 31, 2018, we are committed to purchase 30 ATR Fs. 7 - FY17 and FY18 vehicle fleet totals include TNT Express. Unaudited. 14 / Q4 FY18 Stat Book

17 FedEx Express Jet Fuel Statistics FY 2016 FY 2018 FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER Jet Fuel Gallons (000s) 277, , , , , , , ,024 Price Per Gallon $ $ $ $ $ $ $ $ Jet Fuel Expense ($000s) $ 521,642 $ 442,889 $ 385,386 $ 376,428 $ 428,345 $ 436,769 $ 495,012 $ 495,018 FY 2018 FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER Jet Fuel Gallons (000s) 312, , , ,057 Price Per Gallon $ $ $ $ Jet Fuel Expense ($000s) $ 505,684 $ 598,946 $ 669,977 $ 685,713 Q4 FY18 Stat Book / 15

18 Years ended May 31 In millions FedEx Ground Segment Annual Consolidated Statements of Income FY 2016 FY 2018 FY FY FY 2018 Revenues $ 15,051 $ 16,503 $ 18,395 Operating Expenses: Salaries and employee benefits 2,261 2,610 2,955 Purchased transportation 6,619 7,177 7,936 Rentals Depreciation and amortization Fuel Maintenance and repairs Intercompany charges 1,230 1,316 1,443 Other 1,298 1,495 1,700 12,811 14,224 15,790 Operating Income $ 2,240 $ 2,279 $ 2,605 SELECTED STATISTICS Operating Margin 14.9% 13.8% 14.2% 1 - Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 16 / Q4 FY18 Stat Book

19 FedEx Ground Segment Quarterly Consolidated Statements of Income FY FY Years ended May 31 In millions FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER Revenues 2 $ 3,460 $ 3,677 $ 4,025 $ 3,889 $ 3,893 $ 4,017 $ 4,297 $ 4,296 Operating Expenses: Salaries and employee benefits Purchased transportation 2 1,478 1,669 1,841 1,631 1,641 1,803 1,955 1,778 Rentals Depreciation and amortization Fuel Maintenance and repairs Intercompany charges Other ,936 3,166 3,476 3,233 3,288 3,558 3,786 3,592 Operating Income $ 524 $ 511 $ 549 $ 656 $ 605 $ 459 $ 511 $ 704 SELECTED STATISTICS Operating Margin 15.1% 13.9% 13.6% 16.9% 15.5% 11.4% 11.9% 16.4% 1 - Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 2 - Effective August 31, 2015, our FedEx SmartPost business merged into FedEx Ground. Q4 FY18 Stat Book / 17

20 FedEx Ground Segment Quarterly Consolidated Statements of Income FY Years ended May 31 In millions FY 2018 FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER Revenues: FedEx Ground $ 4,245 $ 4,525 $ 4,828 $ 4,797 Operating Expenses: Salaries and employee benefits Purchased transportation 1,776 2,014 2,154 1,992 Rentals Depreciation and amortization Fuel Maintenance and repairs Intercompany charges Other ,620 4,010 4,195 3,965 Operating Income $ 625 $ 515 $ 633 $ 832 SELECTED STATISTICS Operating Margin 14.7% 11.4% 13.1% 17.3% 1- Effective in the fourth quarter of 2018, we realigned the specialty service companies FedEx Custom Critical and FedEx Supply Chain under the management of FedEx Trade Networks. The FedEx Trade Networks operating results are included in "Corporate, other and eliminations." Prior quarter and year amounts and all operating statistics for the transportation segments have been revised to conform to the current year segmentation. 18 / Q4 FY18 Stat Book

21 FedEx Ground Segment Annual Shipment Statistics FY FY 2018 FY 2016 FY 2017 FY 2018 FedEx Ground Total Package Volume (000s) 1,926,666 2,013,434 2,125,735 Average Daily Package Volume (000s) 7,526 7,896 8,336 Yield (Revenue Per Package) $ 7.80 $ 8.18 $ 8.63 Average Daily YOY Volume Growth Rate 8.9% 4.9% 5.6% Yield YOY Growth Rate 8.9% 4.9% 5.5% OPERATING WEEKDAYS Q4 FY18 Stat Book / 19

22 FedEx Ground Segment Quarterly Shipment Statistics FY 2016 FY 2019 FY 2016 FY 2017 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER FedEx Ground Total Package Volume (000s) 436, , , , , , , ,500 Avg. Daily Package Vol. (000s) 6,717 7,623 8,339 7,453 7,389 8,005 8,522 7,700 Yield (Revenue Per Package) $ 7.91 $ 7.64 $ 7.65 $ 8.01 $ 8.09 $ 7.95 $ 8.12 $ 8.57 Avg. Daily YOY Pkg. Growth Rate 4.0% 9.4% 11.2% 10.5% 10.0% 5.0% 2.2% 3.3% Yield YOY Growth Rate 10.6% 9.8% 8.4% 6.9% 2.3% 4.1% 6.1% 7.0% OPERATING WEEKDAYS FY 2018 FY 2019 FIRST SECOND THIRD FOURTH FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER QUARTER FedEx Ground Total Package Volume (000s) 499, , , ,142 Avg. Daily Package Vol. (000s) 7,688 8,576 8,993 8,125 Yield (Revenue Per Package) $ 8.47 $ 8.35 $ 8.64 $ 9.05 Avg. Daily YOY Pkg. Growth Rate 4.0% 7.1% 5.5% 5.5% Yield YOY Growth Rate 4.7% 5.0% 6.4% 5.6% OPERATING WEEKDAYS / Q4 FY18 Stat Book

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