What are FedEx's profit margins?

FedEx (FDX) runs a 76.0% gross margin and a 6.2% operating margin, with a 4.9% net margin.

Where do FedEx's ratios come from?

Every ratio is computed from FedEx's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

FedEx FDX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q3 '26	Q2 '26	Q1 '26	Q4 '25	Q3 '25
Profitability
Operating margin	6.2%+0.5pp	6.3%+0.6pp	6%+0.1pp	5.9%-0.4pp	5.7%-0.6pp
Net margin	4.9%+0.4pp	4.8%+0.4pp	4.7%0.0pp	4.7%-0.3pp	4.5%-0.6pp
Returns
Return on equity	15.9%+1.1pp	15.9%+1.3pp	15%-0.1pp	14.7%-1.4pp	14.8%-2.4pp
Return on invested capital	7%+0.7pp	7%+0.9pp	6.6%+0.2pp	6.5%-0.5pp	6.3%-0.7pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	1.5×+0.2×	1.3×0.0×	1.2×0.0×	1.2×-0.2×	1.2×-0.1×
Leverage
Debt-to-equity	1.4×0.0×	1.4×-0.1×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Net debt / EBITDA	3.5×0.0×	3.2×-0.3×	3.4×0.0×	3.4×+0.2×	3.5×+0.2×
Valuation
Market capitalization	$90.99B+43.7%	$65.05B-12.0%	$54.52B-25.5%	$52.65B-15.7%	$63.32B+1.8%
Price / earnings	20.3×+4.1×	15×-4.0×	13.2×-4.9×	12.9×-1.6×	16.2×+2.0×
Price / sales	1×+0.3×	0.7×-0.1×	0.6×-0.2×	0.6×-0.1×	0.7×0.0×
Price / book	3.1×+0.7×	2.3×-0.5×	2×-0.7×	1.9×-0.4×	2.4×0.0×
EV / EBITDA	12.6×+2.3×	9.8×-1.8×	9.1×-2.1×	9×-0.6×	10.3×+0.6×
Dividend yield	1.5%-0.6pp	2.1%+0.3pp	2.5%+0.7pp	2.5%+0.5pp	2.1%+0.1pp

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Questions, answered.

What are FedEx's profit margins?: FedEx (FDX) runs a 76.0% gross margin and a 6.2% operating margin, with a 4.9% net margin.
Where do FedEx's ratios come from?: Every ratio is computed from FedEx's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.