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FedEx FDX Gross Profit

Discontinued — last reported Q1 '20

Gross Profit at other companies

Uber Technologies logo
Uber TechnologiesUBER
$5.95B+29.4%

Other financials

Income statement

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Revenue$24.0B+8.3%
Operating income$1.3B+4.3%
Net income$1.1B+16.2%
EPS (diluted)$4.41+17.3%

Balance sheet

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Cash & equivalents$8.0B+56.0%
Total debt$43.2B+14.9%
Total equity$29.8B+11.6%
Total assets$94.7B+11.4%

Cash flow

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Operating cash flow$2.0B-0.9%
CapEx$955.0M-4.2%
Free cash flow$1.0B+2.3%

Valuation

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Market cap$77.83B+43.7%
Enterprise value$113.03B+31.7%
P/E17.4×+3.5×
P/S0.9×+0.2×

Profitability

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Gross margin76%—
Operating margin6.2%+0.5pp
Net margin4.9%+0.4pp

Returns & leverage

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Return on equity15.9%+1.1pp
Debt / equity1.4×0.0×
Current ratio1.5×+0.2×

Where this comes from

Calculated from FedEx’s reported figures.

$17.0Btotal revenue−$4.0Btotal cost of revenue=$13.02B

The official record: FedEx’s 10-Q, filed September 15, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?
Gross profit is the money left over from revenue after paying for the direct costs of providing shipping and logistics services.
How do you interpret gross profit?
An increase suggests improved pricing power or better control over direct operating costs, while a decrease may indicate rising fuel prices, labor cost inflation, or competitive pricing pressure.
How does gross profit compare across companies?
Peers in the transportation and logistics sector typically report gross profit margins that fluctuate based on fuel surcharges and the mix of express versus ground delivery volumes.