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%-0.1pp	6.3%+0.3pp	6%+0.1pp	5.9%+0.3pp	5.7%0.0pp
Net margin	4.9%+0.1pp	4.8%+0.2pp	4.7%0.0pp	4.7%+0.2pp	4.5%0.0pp
EBITDA margin	10.9%-0.1pp	11%+0.2pp	10.8%+0.1pp	10.8%+0.2pp	10.6%0.0pp
Free cash flow margin	4.8%-0.1pp	4.8%+0.7pp	4.1%+0.7pp	3.4%-0.5pp	3.9%+0.9pp
Returns
Return on equity	15.9%0.0pp	15.9%+0.9pp	15%+0.3pp	14.7%-0.1pp	14.8%+0.2pp
Return on assets	5%0.0pp	5%+0.3pp	4.7%0.0pp	4.7%+0.1pp	4.6%+0.1pp
Return on invested capital	7%-0.1pp	7%+0.4pp	6.6%+0.1pp	6.5%+0.2pp	6.3%+0.1pp
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×+0.1×	1.2×0.0×	1.2×0.0×
Quick ratio	1.5×+0.2×	1.3×0.0×	1.2×+0.1×	1.2×0.0×	1.2×0.0×
Cash ratio	0.5×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-equity	1.4×+0.1×	1.4×0.0×	1.4×0.0×	1.4×-0.1×	1.4×0.0×
Debt-to-assets	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	3.5×+0.3×	3.2×-0.2×	3.4×0.0×	3.4×-0.1×	3.5×0.0×
Interest coverage	8.2×+0.3×	7.8×+0.8×	7.1×+0.4×	6.6×-0.3×	6.9×+0.3×
Valuation
Market capitalization	$90.99B+39.9%	$65.05B+19.3%	$54.52B+3.5%	$52.65B-16.8%	$63.32B-14.4%
Enterprise value	$126.18B+29.9%	$97.12B+11.6%	$87.06B+2.1%	$85.25B-11.0%	$95.78B-10.2%
Price / earnings	20.3×+5.3×	15×+1.8×	13.2×+0.4×	12.9×-3.3×	16.2×-2.9×
Price / sales	1×+0.3×	0.7×+0.1×	0.6×0.0×	0.6×-0.1×	0.7×-0.1×
Price / book	3.1×+0.7×	2.3×+0.3×	2×+0.1×	1.9×-0.5×	2.4×-0.4×
EV / EBITDA	12.6×+2.8×	9.8×+0.7×	9.1×+0.1×	9×-1.3×	10.3×-1.2×
EV / sales	1.4×+0.3×	1.1×+0.1×	1×0.0×	1×-0.1×	1.1×-0.1×
Free cash flow yield	4.8%-1.9pp	6.7%0.0pp	6.7%+1.0pp	5.7%+0.2pp	5.4%+1.8pp
Earnings yield	4.9%-1.7pp	6.7%-0.9pp	7.6%-0.2pp	7.8%+1.6pp	6.2%+0.9pp
Dividend yield	1.5%-0.6pp	2.1%-0.4pp	2.5%-0.1pp	2.5%+0.5pp	2.1%+0.3pp
PEG ratio	1.4×+0.1×	1.3×-5.8×	7.1×—	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about FedEx.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.