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%+0.9pp	23.9%-0.3pp	23.3%-1.3pp	23.1%-1.4pp	23.5%-0.1pp
Net margin	19%+0.5pp	18.6%-0.4pp	18.2%-1.2pp	18.2%-1.4pp	18.5%-0.5pp
Returns
Return on equity	61.5%+0.9pp	60.4%-2.7pp	59.1%-6.2pp	59.1%-7.2pp	60.6%-5.2pp
Return on invested capital	27.2%+1.2pp	26.5%-0.1pp	25.7%-1.5pp	25.5%-1.9pp	26%-0.8pp
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×+0.1×	5×-0.2×	4.9×-0.4×	4.9×-0.4×	5.1×-0.3×
Leverage
Debt-to-equity	5.6×0.0×	5.5×-0.1×	5.6×-0.1×	5.6×-0.1×	5.6×-0.2×
Net debt / EBITDA	13.6×-0.1×	13.5×+0.1×	13.9×+0.5×	13.9×+0.6×	13.7×0.0×
Valuation
Market capitalization	$263.22B-3.6%	$235.54B-13.4%	$244.44B-7.0%	$263.11B+3.0%	$272.95B+10.2%
Price / earnings	61.4×-6.3×	57.3×-8.4×	61.3×-0.6×	66.1×+6.6×	67.7×+8.8×
Price / sales	2.9×-0.2×	2.7×-0.4×	2.8×-0.2×	3×+0.1×	3.1×+0.3×
Price / book	9.2×-0.9×	8.5×-1.6×	9×-0.7×	9.7×+0.2×	10.1×+0.8×
EV / EBITDA	40.4×-2.1×	38.1×-3.8×	39.9×-0.7×	42×+2.2×	42.6×+2.7×
Dividend yield	8.6%+1.0pp	9.2%+1.7pp	8.8%+1.2pp	8.1%+0.4pp	7.6%-0.2pp

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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.