FDX

FedEx
D

FDX

Arincen55/100B

If you had invested in FedEx ago, it would be worth $2,523 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

55/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

FedEx key facts

Day range
319.39 – 323.13
52-week range
209.20 – 345.37
Market capitalization
75.15B USD
Div Yield
1.52%
EPS growth forecast (FY2027)
-9.3%
Volume
3,017
Beta
1.31
ESG score
64.1/100Environment 71 · Social 62 · Governance 59
Sector
Industrials
Industry
Integrated Freight & Logistics
CEO
Rajesh Subramaniam
Employees
530K
Website
fedex.com
IPO date
12 Apr 1978

FedEx earnings

Next earnings · Q2 FY2027
EPS estimate
6.45 USD
Revenue estimate
25.50B USD
Last quarter · Q1 FY2027
EPS3.74Beat +12.0%Revenue22.86BBeat +0.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20295.34———24.60B———
Q4 FY20285.95———24.29B———
Q3 FY20284.34——+25.00%22.69B——-2.26%
Q2 FY20276.45——+33.82%25.50B——+8.53%
Q1 FY20273.343.74+11.98%-2.35%22.73B22.86B+0.54%+2.95%
Q4 FY20265.966.31+5.87%+3.95%24.04B25.00B+3.99%+12.61%
Q3 FY20263.345.25+57.19%+16.41%22.78B24.00B+5.34%+8.11%
Q2 FY20264.074.82+18.43%+19.01%22.78B23.50B+3.15%+6.82%
Q1 FY20263.603.83+6.39%+6.39%21.65B22.20B+2.55%+2.78%
Q4 FY20255.826.07+4.30%+12.20%21.74B22.20B+2.11%+0.45%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

FedEx analyst forecast

12-month price target
301.85 USD
-5.94%

Analysts' 1-year price targets range from 140.00 to 425.00, with an average of 301.85.

Past year
1-year forecast
Strong sellStrong buy
Buy
18 ratings
Buy
13
Hold
4
Sell
1

12-month price target

Highest target425.00
Average target301.85
Lowest target140.00
Current price320.90

FedEx valuation

Forward P/E (FY2027)
17.50
Price to book
2.17

Capital structure

Market capitalization
75.15B USD
+
Total debt
34.13B USD
−
Cash and short-term investments
11.22B USD
=
Enterprise value
98.07B USD

Valuation over time

P/EForward P/EForward P/E · Estimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)15.21————
FY2027 (est.)17.5015.21———
Now (TTM)—16.38—2.17—
FY202618.2518.100.852.569.93
FY202510.3611.750.491.527.11
FY202411.7314.140.581.847.54
FY202311.2410.700.491.717.43
FY202212.4515.170.511.918.15

FedEx against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: United Parcel Service, Expeditors International of Washington, J.B. Hunt Transport Services, FedEx Freight Holding Company, and C.H. Robinson Worldwide, the US Integrated Freight & Logistics companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median17.5
    8.318.5
  • Gross marginHighest in 5 years21.8%
    21.3%21.8%
    Against its peers: 2 of 6Peers' median 15.3%
  • Operating marginAbove its median7.0%
    5.9%7.2%
    Against its peers: 4 of 6Peers' median 7.2%
  • Net marginAbove its median4.7%
    4.1%4.9%
    Against its peers: 5 of 6Peers' median 6.3%
  • Return on equityLowest in 5 years14.0%
    14.0%15.7%
    Against its peers: 5 of 5Peers' median 33.1%
  • Free cash flow marginHighest in 5 years5.4%
    2.9%5.4%
    Against its peers: 4 of 6Peers' median 5.5%
  • Revenue growthAbove its median7.7%
    -3.6%11.6%
    Against its peers: 1 of 6Peers' median -1.1%
  • EPS growthAbove its median10.4%
    -26.3%11.1%
    Against its peers: 2 of 6Peers' median 4.0%
  • Debt to EBITDAAbove its median3.86×
    3.47×3.89×
    Against its peers: 5 of 6Peers' median 1.83×
  • Current ratioHighest in 5 years1.48
    1.191.48
    Against its peers: 4 of 6Peers' median 1.52

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

FedEx growth and profitability

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202694.72B+7.73%4.43B+8.33%21.77%6.99%4.68%11.13B+6.08%
FY202587.93B+0.27%4.09B-5.52%21.60%6.92%4.65%10.49B-3.44%
FY202487.69B-2.73%4.33B+9.04%21.61%7.25%4.94%10.87B+6.21%
FY202390.16B-3.59%3.97B+3.82%21.26%5.92%4.41%10.23B+7.10%
FY202293.51B+11.60%3.83B-26.86%21.57%6.98%4.09%9.56B-15.14%

FedEx revenue breakdown

By product

FY2026
Federal Express: 86.9%FedEx Freight: 9.3%Corporate, Other, and Eliminations: 3.9%86.9%Federal Express9.3%FedEx Freight3.9%Corporate, Other, and Eliminations
SegmentRevenueShare of revenueChange on the year
Federal Express82.27B86.9%+246.9%
FedEx Freight8.80B9.3%+3,460.7%
Corporate, Other, and Eliminations3.65B3.9%—

By region

FY2026
United States: 71.7%Non Us: 28.3%71.7%United States28.3%Non Us
RegionRevenueShare of revenueChange on the year
United States67.94B71.7%+8.0%
Non Us26.78B28.3%+7.1%

How FedEx makes its money

Federal Express82.27B 86.9%
FedEx Freight8.80B 9.3%
Corporate, Other, and Eliminations3.65B 3.9%
Revenue94.72B 100.0%
Cost of revenue74.10B 78.2%
Gross profit20.62B 21.8%
Other operating expenses14.00B 14.8%
Operating income6.62B 7.0%
Tax1.36B 1.4%
Other expense830.00M 0.9%
Net income4.43B 4.7%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

FedEx dividends

Annual dividend
4.88 USD
Dividend yield (indicated)
1.52%
Years of dividend growth
6
Frequency
Quarterly
Last payment
1.22 USD
Last ex-dividend date
14 Sept 2026
Last payment date
1 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.564.253.882.452.332.612.091.851.451.05

FedEx financial health

Cash and short-term investments
11.22B USD
Total debt
34.13B USD
Net cash
-22.91B USD
Current ratio
1.33
Debt to equity
0.99
Piotroski score
7 / 9
Altman Z-score
2.83

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202613.31B42.94B5.12B
FY20255.57B37.42B2.98B
FY20246.50B37.72B3.14B
FY20236.86B38.33B2.64B
FY20226.90B37.19B3.07B

FedEx ownership

Institutions
80.86%
Institutional holders
2,045 (-85)
Free float
93.18%

Who owns the shares

Institutions 80.9% Others 19.1%
As of 30 Jun 2026

Shares free to trade

Free float 218.23M shares ·93.2% Closely held 15.97M shares ·6.8%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260542.74K84.95K
Q3 20260011.57K268.54K
Q2 202609233.89K195.89K
Q1 20260019.64K21.56K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026239.00M239.00M-1.65%
FY2025243.00M243.00M-3.19%
FY2024248.00M251.00M-1.95%
FY2023254.00M256.00M-3.76%
FY2022263.00M266.00M-0.75%

Source: Financial Modeling Prep

Related Instruments

Title: FedEx Corp

Sector: Industrials
Industry: Integrated Freight & Logistics
FedEx Corporation is an American multinational company whose services revolve around the transportation and storage of goods around the world. It provides associated services related to e-commerce and business services. The company was founded by Frederick Wallace Smith on June 18, 1971, and is headquartered in Memphis, Tennessee. It works through the following divisions: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, Corporate and others. The company is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Due to the size of the company’s air-shipping operations, its main hub at Memphis International Airport has consistently been the busiest cargo airport in the world in recent years. The company’s corporate division includes its executive and legal and finance functions.

Common questions about FedEx stock