FedEx
FDX NYSE· Air Freight & Logistics
Last close · Oct 26, 2026
$300.58
KIRA · Stoqly’s AI analyst, in plain words
- FedEx had $94.7B of revenue in fiscal 2026, up 7.7% on the year before. Over five years, revenue changed +2.4% a year on average.
- Its operating margin was 5.8%, down 0.2 pts: of every 100 in sales, about 6 is left after running the business.
- FedEx made $4.4B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 5.9% a year.
- Free cash flow was $5.1B in fiscal 2026, 5.4% of revenue.
- FedEx returned $2.2B to shareholders in fiscal 2026, 42% of free cash flow. The diluted share count fell 1.7%.
- FedEx owes $13.9B more than it holds in cash, about 1.4 years of operating profit.
Market cap
$71.8B
P/E
—
Revenue
$94.7B
Net income
$4.4B
Free cash flow
$5.1B
Operating margin
5.8%
FedEx in 30 seconds · fiscal 2026
Are sales growing?
+7.7%
Yes. Sales grew 7.7% last year.
Does it make a profit?
4.7%
A little. It keeps 4.7% of every sale as profit.
Does profit turn into cash?
5.4%
Partly. 5.4% of sales ends up as free cash.
Is debt under control?
1.4x
Keep an eye on it. Repaying its debt would take 1.4 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
What FedEx does
FedEx delivers packages and freight in the United States and around the world. It offers overnight and two-day air delivery, ground delivery for homes and businesses, international express shipping, and freight forwarding and customs services. It also runs FedEx Office stores and has drop-off points in other retailers, such as Walgreens and Dollar General. Its main business, Federal Express, combines its air express network with FedEx Ground, which was merged into it in June 2024. Federal Express revenue grew 9% in the fiscal year that ended in May 2026, helped by higher prices per package, more US package volume and higher fuel surcharges. From June 2026 FedEx reports two segments, Express U.S. Domestic and Express International. Its main rivals are UPS and the US Postal Service at home, and DHL and UPS abroad, along with regional delivery firms and freight forwarders. Amazon has also built its own delivery network.
Biggest risks, in its own words
- Its sensitivity to the economy and trade, including tariffs and conflicts that cut shipping volumes.
- The price and supply of jet and vehicle fuel, and whether fuel surcharges cover the cost.
- Its plans to merge its networks and cut costs may not work as planned or on time.
- The FedEx Freight spin-off may not bring the expected benefits, or could bring a large tax bill.
- Fiscal year ends
- May 31, 2026
- Latest annual report
- 10-K · Jul 20, 2026
- Legal name
- FEDEX CORP
- CIK
- 0001048911
FedEx · FDX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $93.5B | $90.2B | $87.7B | $87.9B | $94.7B |
| Revenue growth | 11.4% | −3.6% | −2.7% | 0.3% | 7.7% |
| Operating margin | 6.7% | 5.5% | 6.3% | 5.9% | 5.8% |
| Net income | $3.8B | $4.0B | $4.3B | $4.1B | $4.4B |
| Net margin | 4.1% | 4.4% | 4.9% | 4.7% | 4.7% |
| Diluted EPS | $14.33 | $15.48 | $17.21 | $16.81 | $18.55 |
| Cash | |||||
| Cash from operations | $9.8B | $8.8B | $8.3B | $7.0B | $8.9B |
| Capital expenditure | $6.8B | $6.2B | $5.2B | $4.1B | $3.8B |
| Free cash flow | $3.1B | $2.7B | $3.1B | $3.0B | $5.1B |
| FCF margin | 3.3% | 3.0% | 3.6% | 3.4% | 5.4% |
| Dividends paid | $793M | $1.2B | $1.3B | $1.3B | $1.4B |
| Share buybacks | $2.2B | $1.5B | $2.5B | $3.0B | $796M |
| Share count change | −0.8% | −3.8% | −2.0% | −3.2% | −1.7% |
| Debt and strength | |||||
| Cash and short-term investments | $6.9B | $6.9B | $6.5B | $5.5B | $13.3B |
| Debt incl. finance leases | $20.3B | $20.6B | $20.2B | $21.3B | $27.2B |
| Shareholders' equity | $24.9B | $26.1B | $27.6B | $28.1B | $31.6B |
| Net debt / EBITDA | 1.3x | 1.5x | 1.4x | 1.7x | 1.4x |
| Current ratio | 1.4x | 1.4x | 1.4x | 1.2x | 1.5x |
| Interest coverage | 9.1x | 7.1x | 7.5x | 6.6x | 5.6x |
| Returns and quality | |||||
| Return on capital | 12.8% | 9.3% | 10.2% | 9.2% | 9.4% |
| Return on equity | 15.6% | 15.6% | 16.1% | 14.7% | 14.9% |
| Piotroski F-score | 5 | 5 | 6 | 5 | 7 |
| Altman Z'' | 2.6 | 2.5 | 2.7 | 2.7 | 2.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$20.2M
6 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FedEx · FDX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| FedEx FDX | $71.8B | 7.7% | 5.8% | 5.4% | 9.4% | — | 7 |
| Uber UBER | $135.6B | 18.3% | 10.7% | 18.8% | 19.7% | 14.5x | 6 |
| Delta Air Lines DAL | $52.2B | 2.8% | 9.2% | 6.1% | 16.0% | 15.8x | 7 |
| United Airlines UAL | $33.0B | 3.5% | 8.0% | 4.3% | 15.3% | 9.2x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $300.58 a share, the company is worth $71.8B.
FedEx grew sales faster than 2 of its 3 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001048911). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.