SuperworthFedEx profit margin FDX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 4.7%
- Operating margin, 12 months
- 5.8%
- Net margin on a year earlier
- +0.0 pts
- Peer median
- 5.2%
Over the twelve months to May 31, 2026, FedEx kept 4.7% of its revenue as net profit, with an operating margin of 5.8%.
Five years earlier its net margin was 6.2%.
The median for 4 freight and logistics stocks of a similar size is 5.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 4.7% | 5.8% | n/a |
| FY2025 | 4.7% | 5.9% | n/a |
| FY2024 | 4.9% | 6.3% | n/a |
| FY2023 | 4.4% | 5.4% | n/a |
| FY2022 | 4.1% | 6.7% | n/a |
| FY2021 | 6.2% | 7.0% | n/a |
| FY2020 | 1.9% | 3.5% | n/a |
| FY2019 | 0.8% | 6.4% | 76.1% |
| FY2018 | 7.0% | 6.5% | 76.9% |
| FY2017 | 5.0% | 8.4% | n/a |
| FY2016 | 3.6% | 6.1% | n/a |
| FY2015 | 2.2% | 3.9% | n/a |
| FY2014 | 5.1% | 8.4% | n/a |
| FY2013 | 3.5% | 5.8% | n/a |
| FY2012 | 4.8% | 7.5% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | 4.7% | +0.0 pts | 5.8% | |
| Q3 FY26 | 4.9% | +0.4 pts | 6.2% | |
| Q2 FY26 | 4.8% | +0.4 pts | 6.3% | |
| Q1 FY26 | 4.7% | +0.0 pts | 6.0% | |
| Q4 FY25 | 4.7% | −0.3 pts | 5.9% | |
| Q3 FY25 | 4.5% | −0.6 pts | 5.7% | |
| Q2 FY25 | 4.4% | −0.4 pts | 5.6% | |
| Q1 FY25 | 4.6% | −0.1 pts | 5.9% | |
| Q4 FY24 | 4.9% | +0.5 pts | 6.3% | |
| Q3 FY24 | 5.0% | +1.8 pts | 6.3% | |
| Q2 FY24 | 4.9% | +1.3 pts | 6.0% | |
| Q1 FY24 | 4.7% | +0.9 pts | 5.9% |
Against its peers
Companies in Integrated Freight & Logistics nearest FedEx's size, closest first, today.
| Company | Profit margin |
|---|---|
| FDXFedEx | 4.7% |
| UPSUnited Parcel Service | 5.1% |
| EXPDExpeditors International of Washington | 7.6% |
| JBHTJ.B. Hunt Transport Services | 5.3% |
| CHRWC.H. Robinson Worldwide | 3.7% |
| Peer median | 5.2% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on FedEx
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.