Two FedEx trucks

Tax & economic policy perspectives

Tax & economic policy perspectives

Tax & economic policy perspectives

Tax reform

FedEx has long supported tax reform efforts that offer pro-growth, pro-business solutions that will power the economy, increase business investment, and expand job opportunities. 

FedEx Corporation announced a number of major programs and investments following passage of the Tax Cuts and Jobs Act:

  • More than $200 million in increased compensation, about two-thirds of which went to hourly team members by advancing 2018 annual pay increases.
  • A voluntary contribution in 2018 of $1.5 billion to the FedEx pension plan to ensure we remain a well-funded retirement program.
  • $1.5 billion to significantly expand the FedEx Indianapolis hub in a multi-year project.
  • More than $1.5 billion to modernize the FedEx Memphis world hub in a multi-year project.
  • A June 2018 purchase agreement of 12 Boeing 777 freighter and 12 Boeing 767 freighter aircraft worth $6.6 billion, bringing more efficient aircraft to our fleet as part of our aircraft modernization and sustainability strategy.

FedEx pays all of its taxes owed to local, state, federal and foreign governments. Get the facts on FedEx taxes here.

Economic policy

FedEx is a major contributor to economic growth and innovation, both in the United States and abroad. We employ nearly 570,000 team members who work every day to deliver goods and services to businesses and consumers. With a fleet of more than 680 aircraft, more than 200,000 vehicles, we support the global supply chain, help open new markets for entrepreneurs and invest in technology and innovation for the future. 

Measuring the FedEx Effect

FedEx connects economies, communities, and possibilities around the world. We call this impact the FedEx Effect, and each year we publish our annual Global Economic Impact Report to examine this effect which enables the success of our customers, builds prosperity in the communities where we operate, and accelerates the flow of goods and ideas that generate economic growth across countries and regions.

In Fiscal Year 2024, FedEx generated substantial economic impact worldwide:

  • We contributed more than $85 billion in direct economic impact to the global economy.
  • We indirectly created an estimated $39 billion in additional net economic output in the global economy.
  • We spent $63 billion over the calendar year 2023, supporting an estimated 730,000 jobs at supplier companies.
  • FedEx contracted with roughly 100,000 suppliers — 90% of which are small businesses. 

2024 Global Economic Impact Report

GEIR image
GEIR image
GEIR image

Learn more about our extensive economic impact in the U.S.

Access the report

News and updates

At FedEx, we employ more than 400,000 U.S. team members who support the economy through the movement of goods and providing related business services. For companies like us, it’s abundantly clear that America’s roads, ports, bridges, rails, and airports are severely stressed. Given these deteriorating conditions, we’re encouraged that a top focus for elected officials in Washington, D.C. is revitalizing our aging infrastructure.

It’s been suggested, however, that the way to pay for these improvements is by increasing the income tax rate on corporations like FedEx. As part of this conversation, politicians and the media are misrepresenting American businesses — including ours — seeming to forget our contributions as essential drivers of the economy, innovation, and good-paying jobs.

For that reason, I would like to dispel misrepresentations and omissions in media reports about FedEx and other companies related to federal income tax filings. To be clear, we pay all U.S. federal, state, and local taxes FedEx owes which have totaled nearly $9 billion over the last five fiscal years.