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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	5.9%-0.4pp	6.3%+0.9pp	5.4%-1.2pp	6.7%-0.3pp
Net margin	4.7%-0.3pp	4.9%+0.5pp	4.4%+0.3pp	4.1%-2.1pp
EBITDA margin	10.8%-0.4pp	11.2%+1.1pp	10.1%-0.8pp	10.9%-0.6pp
Free cash flow margin	3.4%-0.2pp	3.6%+0.6pp	3%-0.3pp	3.3%-1.8pp
Returns
Return on equity	14.7%-1.4pp	16.1%+0.6pp	15.6%0.0pp	15.6%-9.1pp
Return on assets	4.7%-0.3pp	5%+0.4pp	4.6%+0.1pp	4.5%-2.2pp
Return on invested capital	6.5%-0.5pp	7%+0.6pp	6.4%-2.5pp	8.9%+0.1pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×-0.1×	1.1×0.0×
Liquidity
Current ratio	1.2×-0.2×	1.4×0.0×	1.4×-0.1×	1.4×-0.1×
Quick ratio	1.2×-0.2×	1.4×0.0×	1.4×-0.1×	1.4×-0.1×
Cash ratio	0.4×-0.1×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Leverage
Debt-to-equity	1.4×0.0×	1.4×-0.1×	1.5×0.0×	1.5×0.0×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	3.4×+0.2×	3.2×-0.3×	3.6×+0.5×	3×-0.1×
Interest coverage	6.6×-0.8×	7.5×+0.4×	7.1×-2.0×	9.1×+1.7×
Valuation
Market capitalization	$52.65B-15.7%	$62.49B+14.1%	$54.79B-5.9%	$58.21B-30.2%
Enterprise value	$85.25B-9.4%	$94.14B+8.1%	$87.07B-2.1%	$88.97B-21.5%
Price / earnings	12.9×-1.6×	14.4×+0.6×	13.8×-1.4×	15.2×-0.7×
Price / sales	0.6×-0.1×	0.7×+0.1×	0.6×0.0×	0.6×-0.4×
Price / book	1.9×-0.4×	2.3×+0.2×	2.1×-0.2×	2.3×-1.1×
EV / EBITDA	9×-0.6×	9.6×0.0×	9.6×+0.9×	8.7×-3.0×
EV / sales	1×-0.1×	1.1×+0.1×	1×0.0×	1×-0.4×
Free cash flow yield	5.7%+0.6pp	5%+0.1pp	4.9%-0.4pp	5.3%+0.2pp
Earnings yield	7.8%+0.8pp	6.9%-0.3pp	7.2%+0.7pp	6.6%+0.3pp
Dividend yield	2.5%+0.5pp	2%-0.1pp	2.1%+0.8pp	1.4%+0.5pp

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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.