This monograph resolves - in a dense class of cases - several open problems concerning geodesics in i.i.d. first-passage percolation on $\mathbb{Z}^d$. Our primary interest is in the empirical measures of edge-weights observed along geodesics from $0$ to $nξ$, where $ξ$ is a fixed unit vector. For various dense families of edge-weight distributions, we prove that these empirical measures converge weakly to a deterministic limit as $n\to\infty$, answering a question of Hoffman. These families include arbitrarily small $L^\infty$-perturbations of any given distribution, almost every finitely supported distribution, uncountable collections of continuous distributions, and certain discrete distributions whose atoms can have any prescribed sequence of probabilities. Moreover, the constructions are explicit enough to guarantee examples possessing certain features, for instance: both continuous and discrete distributions whose support is all of $[0,\infty)$, and distributions given by a density function that is $k$-times differentiable. All results also hold for $ξ$-directed infinite geodesics. In comparison, we show that if $\mathbb{Z}^d$ is replaced by the infinite $d$-ary tree, then any distribution for the weights admits a unique limiting empirical measure along geodesics. In both the lattice and tree cases, our methodology is driven by a new variational formula for the time constant, which requires no assumptions on the edge-weight distribution. Incidentally, this variational approach also allows us to obtain new convergence results for geodesic lengths, which have been unimproved in the subcritical regime since the seminal 1965 manuscript of Hammersley and Welsh.