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FedEx® FISCAL 2021 FOURTH QUARTER RESULTS Performance Metrics TOTAL REVENUE ▲ 30 % YoY Dollars in millions , except EPS GAAP Measure ADJUSTED NET INCOME * $ 22.6B 8.7 % $ 1.36B $ 5.01 ▲ 350 bp YoY ▲ 105 % YoY ▲ 98 % YoY * See table below for reconciliation to GAAP measure . Additional information included in FedEx Corp.'s fourth quarter fiscal 2021 earnings release . Mark - to - market ( MTM ) retirement plan accounting adjustment Loss on debt extinguishment Business realignment costs TNT Express integration expenses Goodwill & other asset im rment charges Non - GAAP Measure ADJUSTED OPERATING MARGIN * FedEx OPERATING MARGIN FY21Q4 FY20Q4 8.0 % 2.7 % 0.5 % 0.3 % 8.7 % 0.4 % 2.1 % nuro 5.2 % NET INCOME ( LOSS ) FY21Q4 FY20Q4 $ 1,868 $ ( 334 ) ( 936 ) 297 82 49 I $ 1,360 583 1 48 366 ADJUSTED DILUTED EPS * $ 663 DILUTED EPS ( LOSS ) FY21Q4 FY20Q4 $ 6.88 $ ( 1.28 ) ( 3.44 ) 1.09 0.30 0.18 $ 5.01 2.22 0.18 1.40 $ 2.53 " I am optimistic about the future of FedEx as we continue to innovate for our customers and meet strong demand for our global transportation network and capabilities . " Key Takeaways 0000 гда ÅJÅ € FREDERICK W. SMITH FedEx Chairman and Chief Executive Officer COMPETE COLLECTIVELY Record revenue and profit in Q4 and in fiscal year 2021 driven by a robust growth strategy and continued focus on execution . Significantly strengthened balance sheet with Q4 debt refinancing and extinguishment transaction , reducing total outstanding debt by $ 2.6B . FedEx SenseAware ID and FedEx Surround continue to provide unmatched shipment visibility , most notably during transportation of COVID - 19 vaccines . OPERATE COLLABORATIVELY FedEx Ground Sunday package deliveries up 56 % year - over - year in Q4 . Last Mile Optimization expanded to 64 origin markets . FedEx Freight provided approximately 70M linehaul miles and delivered 1.75M packages for FedEx Ground in FY21 . INNOVATE DIGITALLY Announced a multi - year , multi - phase agreement with Nuro to test Nuro's next generation autonomous delivery vehicle within FedEx operations . Building off the ShopRunner integration and Adobe Magento extension to enable a more open e - commerce ecosystem . Continued Roxo ™ testing is part of further developing a portfolio of services in the autonomous vehicle space . Certain statements herein may be considered forward - looking statements . Such statements are subject to risks , uncertainties and other factors discussed in FedEx Corp.'s fourth quarter fiscal 2021 earnings release , FedEx Corp's and its subsidiaries ' press releases and FedEx Corp.'s filings with the Securities and Exchange Commission .