Investor Presentaiton

Full-Year Fiscal 2022 Dollars in millions, except EPS GAAP measure MTM retirement plans accounting adjustments³ Business realignment costs4 FedEx Ground legal matter5 TNT Express integration expenses Non-GAAP measure $ Operating Income Margin 6,245 Income Taxes¹ Net Income² Diluted Earnings Per Share 6.7% $ 1,070 $ 3,826 $ 14.33 379 1,199 4.49 278 0.3% 64 214 0.80 210 0.2% 50 160 0.60 132 0.1% 29 103 0.39 $ 6,865 7.3% $ 1,592 $ 5,502 $ 20.61 Return on Invested Capital Dollars in millions Numerator Adjusted operating income (non-GAAP) Interest on average operating leases $ SA 6,865 463 Adjusted operating income with add-back for interest on average operating leases Adjusted current income taxes (non-GAAP)³ Lease-adjusted after-tax net operating income $ 7,328 (870) SA 6,458 Denominator Average adjusted net working capital 10 (non-GAAP) Average net property and equipment 3,714 36,922 Average operating lease right-of-use assets, net 15,998 Average goodwill 6,768 Average other assets, net of other liabilities 3,393 Average invested capital 66,795 Return on invested capital 9.7% Adjusted Dividend Payout Ratio Dollars in millions Cash dividends paid in fiscal 2022 Fiscal 2021 net income (GAAP) Dividend payout ratio (GAAP) 793 5,231 15% Cash dividends paid in fiscal 2022 793 Fiscal 2021 adjusted net income (non-GAAP) 4,885 Adjusted dividend payout ratio (non-GAAP) 16%

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