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

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Profitability
Operating margin	24.4%+0.5pp	23.9%+0.6pp	23.3%+0.1pp	23.1%-0.4pp	23.5%-0.6pp
Net margin	19%+0.4pp	18.6%+0.4pp	18.2%0.0pp	18.2%-0.3pp	18.5%-0.6pp
Returns
Return on equity	61.5%+1.1pp	60.4%+1.3pp	59.1%-0.1pp	59.1%-1.4pp	60.6%-2.4pp
Return on invested capital	27.2%+0.7pp	26.5%+0.9pp	25.7%+0.2pp	25.5%-0.5pp	26%-0.7pp
Efficiency
Asset turnover	4.1×0.0×	4.1×0.0×	4.1×0.0×	4×0.0×	4×0.0×
Liquidity
Current ratio	5.2×+0.2×	5×0.0×	4.9×0.0×	4.9×-0.2×	5.1×-0.1×
Leverage
Debt-to-equity	5.6×0.0×	5.5×-0.1×	5.6×0.0×	5.6×0.0×	5.6×0.0×
Net debt / EBITDA	13.6×0.0×	13.5×-0.3×	13.9×0.0×	13.9×+0.2×	13.7×+0.2×
Valuation
Market capitalization	$263.22B+11.7%	$235.54B-3.6%	$244.44B-7.1%	$263.11B-3.6%	$272.95B+0.4%
Price / earnings	61.4×+4.1×	57.3×-4.0×	61.3×-4.9×	66.1×-1.6×	67.7×+2.0×
Price / sales	2.9×+0.3×	2.7×-0.1×	2.8×-0.2×	3×-0.1×	3.1×0.0×
Price / book	9.2×+0.7×	8.5×-0.5×	9×-0.7×	9.7×-0.4×	10.1×0.0×
EV / EBITDA	40.4×+2.3×	38.1×-1.8×	39.9×-2.1×	42×-0.6×	42.6×+0.6×
Dividend yield	8.6%-0.6pp	9.2%+0.3pp	8.8%+0.7pp	8.1%+0.5pp	7.6%+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.