FedEx (FDX)

Market Price (11/8/2026): $309.1 | Market Cap: $72.4 BilInvestor Relations Sector: Industrials | Industry: Air Freight & Logistics

FedEx (FDX)

Market Price (11/8/2026): $309.1
Market Cap: $72.4 Bil
Sector: Industrials
Industry: Air Freight & Logistics

How To Act on FDXGet Paid To Wait Reduce Tax

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Generate Income. write calls on FDX shares you own Get Paid To Wait. collect premium for a lower entry Buy Pullbacks. build the position on a schedule

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Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%

Stock buyback support
Stock Buyback 3Y Total is 5.8 Bil

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Automation & Robotics, Future of Freight, and E-commerce & DTC Adoption. Show more.

Weak multi-year price returns
3Y Excs Rtn is -6.1%

Key risks
FDX key risks include [1] execution challenges in its major strategic transformations, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%
1	Stock buyback support Stock Buyback 3Y Total is 5.8 Bil
2	Low stock price volatility Vol 12M is 29%
3	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, Automation & Robotics, Future of Freight, and E-commerce & DTC Adoption. Show more.
4	Weak multi-year price returns 3Y Excs Rtn is -6.1%
5	Key risks FDX key risks include [1] execution challenges in its major strategic transformations, Show more.

FDX in ETFs

Weight = FDX's share of each fund

SPY0.11%

VOO0.10%

IVV0.10%

VTI0.08%

ITOT0.10%

IWB0.10%

RSP0.20%

VTV0.23%

+33 more covered ETFs

Valuation & Metrics

FYE: 5/31	Forward FYE		Now	Historical (CYE & TTM)
	2028	2027	11/8/26	2025	2024	2023
Share Price			$309.10	$288.86	$281.33	$252.97
Mkt Cap ($ Bil)			72.4	67.9	68.1	63.2
+ Debt ($ Bil)			34.1	37.8	37.3	38.2
- Cash ($ Bil)			11.2	6.6	5.0	6.7
TEV ($ Bil)			95.3	105.7	105.4	101.4
Valuation Ratios
P/S	0.8	0.8	0.8	0.8	0.8	0.7
P/EBIT	9.8	10.6	11.2	10.3	11.1	9.5
P/E	14.3	15.6	18.7	15.7	17.5	14.8
P/FCF	—	—	-	15.6	25.7	15.4
Sector Ratios (* = sector average)
P/S *			1.6	1.7	1.6	1.4
P/EBIT *			11.8	12.1	12.1	11.6
P/E *			16.7	16.9	17.7	16.6
P/FCF *			12.7	13.9	14.4	12.0

FYE: 5/31	Forward FYE		Now
	2028	2027	11/8/26
Share Price			$309.10
Mkt Cap ($ Bil)			72.4
+ Debt ($ Bil)			34.1
- Cash ($ Bil)			11.2
TEV ($ Bil)			95.3
Valuation Ratios
P/S	0.8	0.8	0.8
P/EBIT	9.8	10.6	11.2
P/E	14.3	15.6	18.7
P/FCF	—	—	-
Sector Ratios (* = sector average)
P/S *			1.6
P/EBIT *			11.8
P/E *			16.7
P/FCF *			12.7

FYE: 5/31	FDX [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$95.3 Bil	—
FY 2027 Sales	$92.3 Bil	—
FY 2028 Sales	$95.9 Bil	—
FY 2027 Sales Growth	-3.2%	—
FY 2028 Sales Growth	4.0%	8.6%
EARNINGS
LTM Net Income (GAAP) [3]	$3.9 Bil	—
FY 2027 Net Income (Non-GAAP)	$4.7 Bil	—
FY 2028 Net Income (Non-GAAP)	$5.0 Bil	—
FY 2028 Net Income Growth	8.5%	13.9%
FY 2027 EPS (Non-GAAP)	$18.31	—
FY 2028 EPS (Non-GAAP)	$21.14	—
FY 2028 EPS Growth	15.4%	—
VALUATION
FY 2027 P/S	0.8	1.7
FY 2028 P/S	0.8	—
FY 2027 P/E	15.6	8.6
FY 2028 P/E	14.3	—

[1] FDX forward figures are analyst consensus for the next two fiscal years (fiscal year end 5/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	FDX	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	95.3
Rev Chg Q	2.7%	8.7%
Rev Chg LTM	7.6%	8.6%
Rev Chg 3Y Avg	2.5%	6.4%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	6.4
CFO LTM ($ Bil)	�
Net Inc LTM ($ Bil)	3.9
Op Mgn LTM	6.7%	19.0%
Net Inc Mgn	4.1%	13.5%
VALUATION	LOW
P/S	0.8	3.1
P/E	18.7	21.8
STABILITY	GOOD
Debt/Equity	0.47	0.19
Cash/Assets	0.12	0.07

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Metric	Value	Date	Source
Average Daily Package Volume (U.S.)	14.8 million	3202025	Link
Average Daily Package Volume (Global)	17.1 million	3202025	Link
U.S. Market Share (by revenue)	33%	12312024	Link
Global Market Share (by revenue)	7%	12312024	Link
Number of Employees	440000	5312025	Link
Aircraft Fleet Size	698	7022025	Link
Motorized Vehicle Fleet Size	>200,000	1312025	Link
Number of U.S. Locations	48544	8282025	Link
On-Time Performance (Peak Season)	91.8%	12312024	Link

Price Chart

Recent
10/28/2026	Earnings Release	Rev: $22 Bil (A) vs. $22 Bil (E) EPS: 3.74 (A) vs. $3.34 (E)
Upcoming
2/02/2027	Earnings Release	Rev: $25 Bil (E) EPS: $6.43 (E)

Why The Stock Moved

Qualitative Assessment

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Updated on 11/6/2026

FedEx (FDX) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

1. Mixed Fiscal Q1 2027 Earnings Report (Calendar Q3 2026) and Outlook.

FedEx reported adjusted earnings per share (EPS) of $3.74 for fiscal Q1 2027 (covering July-September 2026), surpassing analyst expectations of $3.31, with revenue reaching $22.9 billion against a forecast of $22.81 billion. However, the stock experienced a slight after-hours decline as investors focused on near-term cost pressures and a cautious outlook for the subsequent quarter. Specifically, the U.S. domestic adjusted operating margin decreased by 20 basis points due to higher fuel and transportation costs, though this was partially offset by a strong international segment where operating income grew by 52%. The company also raised and tightened its full-year calendar 2026 adjusted EPS guidance to $18.00 to $18.60, indicating confidence despite the segment-specific challenges.

2. Ongoing Benefits from Cost Transformation Initiatives.

FedEx continued to implement its Network 2.0 optimization and One FedEx initiatives, which are designed to enhance network density, flexibility, and efficiency. These programs are anticipated to generate approximately $1 billion in savings by the end of calendar year 2026 and a cumulative $2 billion by the end of calendar year 2027. These cost reduction efforts were crucial in largely offsetting significant financial headwinds, including a $100 million impact from a newly ratified pilot agreement and a $75 million headwind from increased variable incentive compensation.

3. Impact of Fiscal Year Change and Business Reorganization.

Effective June 1, 2026, FedEx changed its fiscal year-end to December 31 to align with the calendar year, and simultaneously completed the spin-off of its less-than-truckload FedEx Freight business. This strategic reorganization aimed to sharpen the company's focus on its higher-return express and package delivery operations, with the core Federal Express segment now accounting for over 95% of its revenue. While the long-term benefits of this strategic realignment are expected, the transition in reporting structure and the recasting of historical financial data presented complexities for immediate comparative analysis by investors and analysts, contributing to a period of adjustment in stock valuation.

4. Persistent Macroeconomic Headwinds in the Shipping Industry.

The broader shipping and logistics industry faced continued macroeconomic challenges that impacted FedEx's operational costs and demand environment. Volatile and elevated fuel prices, driven in part by geopolitical tensions in the Middle East, contributed to increased transportation expenditures. Furthermore, sustained inflationary pressures and higher interest rates influenced wage expectations and overall supply chain costs within the sector. Although there were positive signs, such as an uptick in B2B demand and growth in global air cargo driven by AI-related shipments, these broader industry-wide headwinds counterbalanced company-specific strengths, contributing to the stock's largely stable trend.

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Stock Movement Drivers

Fundamental Drivers

The 0.6% change in FDX stock from 7/31/2026 to 11/7/2026 was primarily driven by a 12.5% change in the company's P/E Multiple.

(LTM values as of)	7312026	11072026	Change
Stock Price ($)	306.20	308.14	0.6%
Change Contribution By:
Total Revenues ($ Mil)	94,720	95,331	0.6%
Net Income Margin (%)	4.7%	4.1%	-12.6%
P/E Multiple	16.6	18.7	12.5%
Shares Outstanding (Mil)	240	236	1.7%
Cumulative Contribution			0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/7/2026

	Return	Correlation
FDX	0.6%
Market (SPY)	-1.6%	33.4%
Sector (XLI)	-9.5%	29.3%

Fundamental Drivers

The -3.9% change in FDX stock from 4/30/2026 to 11/7/2026 was primarily driven by a -16.1% change in the company's Net Income Margin (%).

(LTM values as of)	4302026	11072026	Change
Stock Price ($)	320.52	308.14	-3.9%
Change Contribution By:
Total Revenues ($ Mil)	91,933	95,331	3.7%
Net Income Margin (%)	4.9%	4.1%	-16.1%
P/E Multiple	16.9	18.7	10.6%
Shares Outstanding (Mil)	236	236	0.0%
Cumulative Contribution			-3.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/7/2026

	Return	Correlation
FDX	-3.9%
Market (SPY)	2.6%	38.1%
Sector (XLI)	-6.6%	41.2%

Fundamental Drivers

The 54.2% change in FDX stock from 10/31/2025 to 11/7/2026 was primarily driven by a 63.0% change in the company's P/E Multiple.

(LTM values as of)	10312025	11072026	Change
Stock Price ($)	199.88	308.14	54.2%
Change Contribution By:
Total Revenues ($ Mil)	88,591	95,331	7.6%
Net Income Margin (%)	4.7%	4.1%	-12.1%
P/E Multiple	11.4	18.7	63.0%
Shares Outstanding (Mil)	236	236	0.0%
Cumulative Contribution			54.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/7/2026

	Return	Correlation
FDX	54.2%
Market (SPY)	8.7%	37.4%
Sector (XLI)	5.8%	49.4%

Fundamental Drivers

The 70.2% change in FDX stock from 10/31/2023 to 11/7/2026 was primarily driven by a 71.3% change in the company's P/E Multiple.

(LTM values as of)	10312023	11072026	Change
Stock Price ($)	181.06	308.14	70.2%
Change Contribution By:
Total Revenues ($ Mil)	88,594	95,331	7.6%
Net Income Margin (%)	4.7%	4.1%	-13.2%
P/E Multiple	10.9	18.7	71.3%
Shares Outstanding (Mil)	251	236	6.4%
Cumulative Contribution			70.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/7/2026

	Return	Correlation
FDX	70.2%
Market (SPY)	81.9%	45.4%
Sector (XLI)	72.0%	52.2%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
FDX Return	1%	-32%	49%	13%	5%	35%	65%
Peers Return	39%	-18%	43%	6%	10%	8%	104%
S&P 500 Return	27%	-19%	24%	23%	16%	12%	105%
Monthly Win Rates [3]
FDX Win Rate	50%	50%	58%	50%	58%	55%
Peers Win Rate	62%	47%	62%	47%	58%	45%
S&P 500 Win Rate	75%	42%	67%	75%	67%	45%
Max Drawdowns [4]
FDX Max Drawdown	-31%	-45%	-15%	-18%	-29%	-17%
Peers Max Drawdown	-15%	-33%	-25%	-24%	-33%	-29%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: UPS, XPO, ODFL, JBHT, CHRW. See FDX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)

Event	FDX	S&P 500
2025 US Tariff Shock
% Loss	-25.4%	-18.8%
% Gain to Breakeven	34.0%	23.1%
Time to Breakeven	213 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-11.8%	-9.5%
% Gain to Breakeven	13.4%	10.5%
Time to Breakeven	35 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-44.0%	-24.5%
% Gain to Breakeven	78.4%	32.4%
Time to Breakeven	284 days	427 days
2020 COVID-19 Crash
% Loss	-43.6%	-33.7%
% Gain to Breakeven	77.2%	50.9%
Time to Breakeven	121 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-36.4%	-19.2%
% Gain to Breakeven	57.3%	23.8%
Time to Breakeven	630 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-25.1%	-12.2%
% Gain to Breakeven	33.5%	13.9%
Time to Breakeven	61 days	62 days

Compare to UPS, XPO, ODFL, JBHT, CHRW

In The Past

FedEx's stock fell -25.4% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	FDX	S&P 500
2025 US Tariff Shock
% Loss	-25.4%	-18.8%
% Gain to Breakeven	34.0%	23.1%
Time to Breakeven	213 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-44.0%	-24.5%
% Gain to Breakeven	78.4%	32.4%
Time to Breakeven	284 days	427 days
2020 COVID-19 Crash
% Loss	-43.6%	-33.7%
% Gain to Breakeven	77.2%	50.9%
Time to Breakeven	121 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-36.4%	-19.2%
% Gain to Breakeven	57.3%	23.8%
Time to Breakeven	630 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-25.1%	-12.2%
% Gain to Breakeven	33.5%	13.9%
Time to Breakeven	61 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-29.7%	-17.9%
% Gain to Breakeven	42.2%	21.8%
Time to Breakeven	108 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-24.1%	-15.4%
% Gain to Breakeven	31.7%	18.2%
Time to Breakeven	154 days	125 days
2008-2009 Global Financial Crisis
% Loss	-62.8%	-53.4%
% Gain to Breakeven	168.7%	114.4%
Time to Breakeven	374 days	1085 days

Compare to UPS, XPO, ODFL, JBHT, CHRW

In The Past

FedEx's stock fell -25.4% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About FedEx (FDX)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

FedEx Corporation (FDX) is a global leader in transportation, e-commerce, and business services. At its core, the company provides comprehensive logistics solutions, primarily focusing on shipping and delivery. It serves a vast array of customers, ranging from individual consumers sending packages to large enterprises requiring complex supply chain management and international freight services.

The company's main services are organized into several key segments. FedEx Express offers rapid, time-sensitive transportation for packages and freight across the globe, including specialized cross-border e-commerce solutions. FedEx Ground focuses on reliable, day-certain delivery of small packages to both businesses and residential addresses. For heavier shipments, FedEx Freight provides less-than-truckload (LTL) services, handling cargo too large for standard package delivery but not enough to fill an entire truck. Beyond core delivery, FedEx also provides integrated supply chain management, customs brokerage, global freight forwarding, and retail access for document and business services.

Through its diverse portfolio, FedEx connects businesses and consumers worldwide, enabling the efficient movement of goods critical to global commerce and e-commerce. Its services cater to virtually any shipping need, whether it's urgent international documents, everyday household deliveries, or large-scale industrial freight, solidifying its position as an essential partner in modern logistics.

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1. Essentially, it's like UPS, a global leader in package and freight delivery and logistics services.

2. A global transportation and supply chain management giant, similar in scope and offerings to DHL.

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Express Package Delivery: Provides rapid, time-sensitive delivery of small packages and documents globally.
Ground Package Delivery: Offers reliable, day-certain delivery services for packages to businesses and residences.
Freight Transportation: Delivers less-than-truckload (LTL) freight, as well as global ocean and air cargo forwarding services.
E-commerce Solutions: Provides technology and transportation solutions to facilitate cross-border e-commerce.
Supply Chain Management: Offers integrated solutions for managing complex supply chains, including specialty transportation and customs brokerage.
Business Services: Provides an array of document and business services, along with retail access for package transportation needs.

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FedEx (FDX) primarily serves other businesses (B2B) across a wide range of industries, although it also provides services directly to individual consumers.

Due to the diversified nature of its operations and its role as a global logistics provider, FedEx typically does not have a small number of individually named "major customers" that account for a significant portion of its revenue. Instead, its major customers can be categorized as various types of businesses that rely on its extensive network and services. These categories include:

E-commerce Retailers and Marketplaces: Businesses of all sizes, from small online shops to large multinational corporations, that utilize FedEx for shipping products directly to consumers, managing returns, and facilitating cross-border e-commerce.
Manufacturers and Distributors: Companies across diverse sectors such as automotive, electronics, industrial goods, and consumer products that require comprehensive logistics, freight, and supply chain management services to move raw materials, components, and finished goods globally.
Healthcare and Life Sciences Companies: Organizations in pharmaceuticals, biotechnology, and medical devices that depend on FedEx's specialized services for the time-critical, temperature-controlled, and secure transportation of sensitive goods like vaccines, medical samples, and equipment.

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Raj Subramaniam, President and Chief Executive Officer

Raj Subramaniam joined FedEx in 1991 as an associate marketing analyst. Throughout his career at FedEx, he has held various management and marketing roles across Asia and the U.S., including regional president of FedEx Canada and Executive VP, marketing and communication. He previously served as President and Chief Operating Officer of FedEx Corporation and as President and CEO of FedEx Express. Subramaniam was appointed President and CEO of FedEx in June 2022, succeeding founder Frederick W. Smith. He is recognized for leading FedEx's global transformation, focusing on the company's operating strategy, e-commerce growth, and leveraging global supply chain data. He also serves on the board of directors of The Procter & Gamble Company.

John Dietrich, Executive Vice President and Chief Financial Officer

John Dietrich was appointed Executive Vice President and Chief Financial Officer of FedEx Corporation, effective August 1, 2023. He brings over 30 years of experience in the global aviation and air cargo industries. Before joining FedEx, Dietrich held numerous leadership positions at Atlas Air Worldwide, including President and Chief Executive Officer from 2020 to 2023, and Chief Operating Officer from 2006 to 2020. Atlas Air Worldwide was acquired by an investor group in 2023. Prior to Atlas Air Worldwide, he worked at United Airlines for 13 years. He also serves on the board of directors for AAR Corporation and First Horizon Corporation.

Brie Carere, Executive Vice President and Chief Customer Officer

Brie Carere joined FedEx in 2001 as a marketing specialist. Over her tenure, she has gained extensive experience across marketing, customer experience, and strategy, including roles such as Vice President of Marketing, Customer Experience, and Corporate Communications for FedEx Express Canada. She served as Chief Marketing and Communications Officer before being promoted to the company's first Chief Customer Officer. In her current role, Carere oversees FedEx's global commercial strategy, encompassing sales, marketing, product, e-commerce, digital, and customer experience. She also serves on the board of directors for ZipRecruiter.

Richard W. Smith, Chief Operating Officer - International, and Chief Executive Officer - Airline

Richard W. Smith serves as the Chief Operating Officer - International, and Chief Executive Officer - Airline for FedEx Corporation. He is the son of FedEx founder Frederick W. Smith and has held various leadership roles within the company.

Vishal Talwar, Executive Vice President and Chief Digital and Information Officer, President of FedEx Dataworks

Vishal Talwar is the Executive Vice President and Chief Digital and Information Officer for FedEx Corporation, and President of FedEx Dataworks. He was appointed to this role in August 2025.

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The key risks to FedEx's business are:

Macroeconomic Headwinds and Weak Global Shipping Demand: FedEx is highly susceptible to broad macroeconomic conditions, which directly influence global trade and transportation demand. A persistent slowdown in the industrial economy and global shipping demand, particularly in B2B and priority services, leads to weaker package volumes, below-par freight rates, and overall revenue erosion. This sensitivity to macroeconomic trends and the cyclical nature of the transportation industry directly impacts the company's business levels, which are tied to the production and purchase of goods globally.
Risks Associated with the Planned Spin-off of FedEx Freight: The strategic decision to spin off the FedEx Freight segment into a new publicly traded entity presents significant risks. While intended to unlock value and allow for a more focused strategy, the transaction carries execution risks, potentially incurring substantial business optimization costs. The separation could also lead to major challenges concerning customer solutions and network operations for the remaining FedEx Corporation, as it removes a significant part of the company's operational footprint and potentially disrupts historical synergies between segments.
Fluctuating Fuel Prices and Escalating Operational Costs: As a global transportation company, FedEx's operations are heavily reliant on fuel, making it highly vulnerable to volatile fuel price fluctuations. Significant increases in jet fuel and other transportation costs can put substantial pressure on operating margins and overall profitability. While FedEx employs fuel surcharges and hedging to mitigate these costs, they remain a major, unpredictable expense. Additionally, other escalating operational costs, such as wages, further contribute to squeezing the company's margins.

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The expansion of Amazon Logistics into a comprehensive third-party package delivery and logistics service, directly competing with FedEx for market share and reducing Amazon's historical reliance on traditional carriers.

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Addressable Markets for FedEx (FDX) Main Products and Services

FedEx Corporation operates across several key transportation and logistics segments, serving a wide array of addressable markets both in the United States and globally. The main products and services offered by FedEx include express transportation, ground parcel delivery, less-than-truckload (LTL) freight, e-commerce logistics, and integrated supply chain solutions. The estimated sizes for these addressable markets are as follows:

Global Market Sizes:

Express Delivery: The global express delivery market was valued at approximately USD 319.2 billion in 2023 and is projected to reach USD 545.7 billion by 2032. Other estimates place the global express delivery market at USD 301.38 billion in 2023, with a projection to reach USD 561.22 billion by 2032.
International Express Delivery: This segment was estimated at USD 67.47 billion in 2025 and is projected to grow to USD 138.44 billion by 2034. Another estimate for the international express delivery market size was USD 30.96 billion in 2024, projected to reach USD 56.00 billion by 2030.
Parcel Delivery (including Courier, Express, and Parcel - CEP): The global parcel delivery market was valued at USD 500.13 billion in 2025 and is expected to grow to USD 647.85 billion by 2030. The broader global courier, express, and parcel (CEP) market was estimated at USD 956.19 billion in 2025 and is projected to reach USD 2,976.01 billion by 2033.
E-commerce Logistics: The global e-commerce logistics market was valued at USD 524.1 billion in 2025 and is estimated to reach USD 3,621.53 billion by 2034. Another report indicates a market size of USD 557.0 billion in 2025, projected to reach USD 1,577.3 billion by 2034. A different source reports the global e-commerce logistics market size at USD 472.40 billion in 2024, growing to USD 2895.92 billion by 2033.
Less-Than-Truckload (LTL) Freight: The global Less Than Truckload (LTL) market was valued at approximately USD 227 billion in 2024 and is projected to reach USD 380 billion by 2034. Another report indicates a global LTL market size of USD 234.47 billion in 2024, poised to grow to USD 464.81 billion by 2033.
Freight Transport (Overall): The global freight transport market size was valued at USD 36.32 billion in 2024 and is expected to reach USD 95.96 billion by 2033. Another source estimates the global freight transport market size at USD 38.43 billion in 2025, reaching USD 100.81 billion by 2034.
Supply Chain Management: The global supply chain management market size was valued at USD 29.34 billion in 2025 and is projected to grow to USD 72.82 billion by 2034. Other estimates for the global SCM market include USD 35.30 billion in 2025, growing to USD 89.57 billion by 2034, and USD 38.51 billion in 2025, projected to reach USD 58.42 billion by 2030.

U.S. Market Sizes:

Express Delivery: The U.S. express delivery market was valued at USD 96.30 billion in 2025 and is estimated to grow to USD 127.05 billion by 2031. Another estimate places the U.S. express delivery market at USD 250 billion.
E-commerce Logistics: The U.S. e-commerce logistics market is expected to grow from USD 150.86 billion in 2025 to USD 234.98 billion by 2031. Another source states the U.S. e-commerce logistics market was valued at USD 186.94 billion in 2025.
Less-Than-Truckload (LTL) Freight: The U.S. Less-Than-Truckload (LTL) market size is estimated at USD 114 billion in 2025 and is expected to reach USD 139.6 billion by 2030. Another source indicates the U.S. LTL market size at USD 118.68 billion in 2026, projected to reach USD 144.97 billion by 2031.
Freight Transport (Overall) / Freight and Logistics: The U.S. freight and logistics market size was USD 1405.5 billion in 2024, projected to reach USD 1930.7 billion by 2032. The U.S. freight transport market generated a revenue of USD 8,233.1 million in 2022 and is expected to reach USD 18,454.3 million by 2030.
Road Freight Transport: The U.S. road freight transport market size in 2026 is estimated at USD 582.65 billion, growing to USD 693.64 billion by 2031.
Courier, Express, and Parcel (CEP): The U.S. courier, express, and parcel (CEP) market size is forecast to increase by USD 28.5 billion, with a CAGR of 5.4% between 2023 and 2028.

AI Analysis | Feedback

FedEx (NYSE: FDX) is expected to drive future revenue growth over the next two to three years through several strategic initiatives aimed at optimizing its operations, enhancing customer value, and expanding into profitable market segments.

Here are 3-5 expected drivers of future revenue growth:

Strategic Focus on High-Margin Verticals and Premium Services: FedEx plans to concentrate its commercial efforts on premium business-to-business (B2B) and specialized business-to-consumer (B2C) segments, including healthcare, automotive, aerospace, data centers, and the upper tier of e-commerce. This strategy targets customers who prioritize speed, precision, visibility, and reliability, thereby allowing for improved pricing power and a more favorable service mix.
Leveraging Digital and AI Capabilities: The company aims to scale its digital infrastructure, artificial intelligence (AI), and automation to enhance customer experience, optimize network planning, and create new revenue streams. FedEx intends to utilize the extensive data it processes daily for advanced demand forecasting, route optimization, aircraft allocation, and improved customer visibility tools.
Network Transformation and Efficiency Gains through Network 2.0 and DRIVE Program: While primarily a cost-reduction initiative, the ongoing modernization and consolidation of FedEx's air and ground networks under "Network 2.0" and the "DRIVE" program are also expected to contribute to revenue growth. These initiatives will improve service levels, enhance asset utilization, and boost overall operational efficiency, leading to more competitive offerings and potentially higher volumes. The DRIVE program targeted $4 billion in cost savings by 2025, with an additional $1 billion in cost reductions planned for fiscal year 2026.
Disciplined Pricing and Yield Management: FedEx has demonstrated a commitment to increasing shipment yields and package volumes, particularly within its Express segment and U.S. domestic package services. The company has implemented tariff increases, such as an average 5.9% increase effective January 5, 2026, to support revenue growth.
International Growth, particularly in Europe: FedEx is strategically focused on improving the performance of its international business, identifying Europe as a significant long-term opportunity for value creation. The company is also targeting growth in premium cross-border and intercontinental routes to bolster its international revenue.

AI Analysis | Feedback

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Share Repurchases

FedEx announced a new $5 billion share buyback program in March 2024.
In the first nine months of fiscal 2025, $2.52 billion in share repurchases were executed, exceeding the full-year 2024 total.
As of November 30, 2025, $1.3 billion remained available for repurchases under the company's 2024 stock repurchase authorization.

Share Issuance

FedEx's shares outstanding have shown a declining trend over the last few years, with decreases of 3.76% in 2023, 1.95% in 2024, and 3.19% in 2025, indicating net share repurchases rather than significant issuance.
In February 2025, FedEx acquired RouteSmart Technologies, Inc. for $113 million, paid partly in FedEx common shares from treasury stock, which would be a minor share issuance, but overall share count has reduced.

Outbound Investments

FedEx is participating in a consortium to acquire InPost, a Polish-based parcel locker and European home delivery provider, with a $2.6 billion contribution from FedEx, expected to close in the second half of 2026.
On February 4, 2025, FedEx acquired RouteSmart Technologies, Inc., a leader in route planning and optimization solutions.

Capital Expenditures

Capital expenditures were $6.763 billion in fiscal year 2022, $6.174 billion in 2023, $5.176 billion in 2024, and $4.055 billion in 2025.
FedEx anticipates approximately $4.5 billion in capital expenditures for fiscal year 2026, an increase of $400 million from 2025.
The primary focus of fiscal 2026 capital expenditures includes Network 2.0 initiatives and projects for modernizing facilities and package handling equipment in the U.S. and internationally, with a reduction in aircraft spending.

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Interactive Breakdown

FedEx Interactive Breakdown Analysis

Better Bets vs. FedEx (FDX)

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Peer Outperformance in Air Freight & Logistics

FDX has outperformed 100% of its 11 Air Freight & Logistics peers over 5Y. Air Freight & Logistics ranks 20th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.

Share of Air Freight & Logistics constituents that FDX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

94%

of 16 industry peers · 49.3% return

83%

of 12 industry peers · 66.5% return

100%

of 11 industry peers · 75.1% return

No Air Freight & Logistics peer with a comparable growth profile has beaten FDX by more than 20pp over 5Y.

Median price return by industry across the Industrials sector, ranked by 5Y. Air Freight & Logistics is FDX's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Marine Transportation	5	28.7%	33.1%	105.5%	MATX 153% · KEX 106%
Construction & Engineering	28	-21.4%	94.6%	93.8%	FIX 949% · STRL 830% · AGX 565%
Construction Machinery & Heavy Transportation Equipment	14	9.1%	66.9%	93.0%	ALSN 256% · WAB 210% · CAT 195%
Aerospace & Defense	54	-2.0%	55.8%	55.7%	ATI 891% · FTAI 850% · HWM 525%
Trading Companies & Distributors	19	11.5%	30.9%	31.6%	DXPE 298% · AIT 187% · URI 180%
Industrial Machinery & Supplies & Components	71	1.0%	48.0%	28.8%	CRS 795% · MLI 302% · SYM 266%
Rail Transportation	7	33.7%	68.7%	25.2%	CSX 48% · UNP 36% · NSC 25%
Diversified Support Services	34	15.7%	38.0%	15.8%	CXW 200% · OPLN 134% · CACI 113%
Building Products	34	-7.3%	6.0%	12.8%	MOD 760% · GFF 339% · TT 132%
Cargo Ground Transportation	16	27.7%	11.3%	2.2%	XPO 270% · R 245% · ARCB 19%
Industrial Conglomerates	17	14.5%	6.5%	-0.6%	CSW 99% · CSL 70% · DD 67%
Office Services & Supplies	10	19.6%	22.1%	-2.5%	PBI 157% · HNI 37% · MSA 18%
Electrical Components & Equipment	39	-7.8%	57.6%	-5.3%	POWL 1454% · VRT 565% · BE 441%
Data Processing & Outsourced Services	6	-10.2%	1.5%	-13.8%	EXLS 57% · BR 20% · G -10%
Research & Consulting Services	13	0.5%	-16.2%	-24.2%	HURN 210% · FCN 36% · BAH 9%
Agricultural & Farm Machinery	16	14.8%	-3.9%	-25.5%	DE 102% · TTC 15% · AGCO 3%
Environmental & Facilities Services	29	-22.8%	26.6%	-27.0%	GEO 191% · CLH 168% · RSG 98%
Security & Alarm Services	9	-47.2%	31.9%	-27.5%	BCO 65%
Passenger Airlines	11	4.0%	69.0%	-34.4%	LTM 3140% · UAL 114% · DAL 105%
Air Freight & Logistics ←	12	-31.2%	-9.4%	-40.2%	FDX 75% · EXPD 56% · CHRW 50%
Human Resource & Employment Services	22	22.1%	-13.7%	-42.8%	ADP 48% · FA 24% · PAYX 10%
Passenger Ground Transportation	3	-22.5%	38.6%	-58.0%	UBER 45% · CAR -58% · LYFT -68%
Airport Services	4	-42.8%	-66.1%	-87.0%	JOBY -40%

Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	The Questions That Defined FDX's Earnings Call	07/07/2026
2	FedEx Stock Down 18% in One Day, Now Is Not The Time To Buy The Stock	06/02/2026
3	Stress Testing FDX: Historical Drawdowns and Macro Risks	06/02/2026
4	FedEx Stock Surges 8.2%, With A 5-Day Winning Spree	05/27/2026
5	What Is Happening With FedEx Stock?	02/11/2026
6	FDX Stock Surges 21% With A 10-day Winning Spree On Record Earnings	02/07/2026
7	FDX Stock Surges 20% With A 9-day Winning Spree On Analyst Upgrades	02/06/2026
8	FDX Stock Surges 19% With A 8-day Winning Spree On UBS Price Target Hike	02/05/2026
9	FedEx Earnings Notes	12/28/2026
10	ARTICLES
11	The Questions That Defined FDX’s Earnings Call	07/07/2026
12	Is FedEx’s Growth Story Getting Lost In The Costs?	06/24/2026
13	S&P 500 Movers \| Winners: MGM, CDW, DDOG \| Losers: FDX, CBOE, QCOM	06/02/2026
14	FedEx Stock 5-Day Winning Spree: Stock Climbs 8.2%	05/27/2026
15	FedEx (FDX) -9.1%: Amazon Launches Competing Logistics Service	05/05/2026

	Title
0	DASHBOARDS
1	The Questions That Defined FDX's Earnings Call
2	FedEx Stock Down 18% in One Day, Now Is Not The Time To Buy The Stock
3	Stress Testing FDX: Historical Drawdowns and Macro Risks
4	FedEx Stock Surges 8.2%, With A 5-Day Winning Spree
5	What Is Happening With FedEx Stock?
6	FDX Stock Surges 21% With A 10-day Winning Spree On Record Earnings
7	FDX Stock Surges 20% With A 9-day Winning Spree On Analyst Upgrades
8	FDX Stock Surges 19% With A 8-day Winning Spree On UBS Price Target Hike
9	FedEx Earnings Notes
10	ARTICLES
11	The Questions That Defined FDX’s Earnings Call
12	Is FedEx’s Growth Story Getting Lost In The Costs?
13	S&P 500 Movers \| Winners: MGM, CDW, DDOG \| Losers: FDX, CBOE, QCOM
14	FedEx Stock 5-Day Winning Spree: Stock Climbs 8.2%
15	FedEx (FDX) -9.1%: Amazon Launches Competing Logistics Service

Trade Ideas

Select ideas related to FDX.

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Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
KRMN	Karman	6.0	42.1%	-37.7%
FLY	Firefly Aerospace	3.4	36.8%	-7.2%
FROG	JFrog	12.3	35.3%	61.7%
LASR	nLight	2.2	29.6%	1.4%
TMDX	TransMedics	3.1	27.9%	-27.5%
AOSL	Alpha & Omega Semiconductor	0.7	27.8%	19.2%
FLGT	Fulgent Genetics	0.7	27.2%	-9.6%
QNT	Quantinuum	1.3	26.0%	-37.8%
IONQ	IonQ	12.0	23.4%	-27.3%
OKLO	Oklo	4.2	22.7%	-67.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
STLN	Starling Oncology	0.4	-46.0%	-30.0%
PRAA	PRA	0.5	-36.7%	-27.0%
KRT	Karat Packaging	0.7	-34.8%	55.3%
NRDS	Nerdwallet	0.5	-31.0%	-41.8%
IRTC	iRhythm	3.0	-30.7%	-49.2%
KOP	Koppers	0.6	-24.4%	11.4%
AMN	AMN Healthcare Services	1.4	-23.7%	129.6%
BL	BlackLine	1.5	-23.1%	-53.2%
OPEN	Opendoor Technologies	1.4	-21.8%	-76.0%
DKNG	DraftKings	9.2	-21.3%	-46.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ARRY	Array Technologies	0.9	72.7%	-36.5%
APP	AppLovin	131.4	71.2%	-41.9%
EVC	Entravision Communications	0.8	47.6%	215.6%
ONT	Onterris	0.8	46.9%	-11.7%
CRCT	Cricut	1.8	44.4%	85.2%
ARDT	Ardent Health	2.5	43.8%	95.9%
XERS	Xeris Biopharma	2.6	41.9%	93.6%
SHLS	Shoals Technologies	1.7	40.0%	18.6%
U	Unity Software	22.5	36.6%	16.6%
ENOV	Enovis	1.6	36.4%	2.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VCYT	Veracyte	1.9	-51.7%	-42.6%
PCT	PureCycle Technologies	0.3	-50.4%	-80.6%
STLN	Starling Oncology	0.4	-44.6%	-30.0%
MNTN	MNTN	0.4	-43.0%	-55.4%
NRIX	Nurix Therapeutics	1.7	-42.9%	-19.3%
AESI	Atlas Energy Solutions	0.7	-41.3%	-42.6%
FRMI	Fermi	1.0	-39.8%	-80.4%
ACDC	ProFrac	0.5	-38.4%	-22.8%
OFRM	Once Upon a Farm PBC	0.4	-38.3%	-56.0%
ADTN	Adtran	0.3	-38.1%	-53.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
BMBL	Bumble	0.8	132.7%	67.2%
SGRY	Surgery Partners	3.0	70.1%	50.2%
REPL	Replimune	2.3	65.8%	122.4%
GDYN	Grid Dynamics	1.1	63.5%	45.1%
BRZE	Braze	5.1	60.9%	33.5%
ONT	Onterris	0.8	59.9%	-11.7%
COAG	Hemab Therapeutics	1.5	58.7%	44.2%
LQDA	Liquidia	3.9	58.5%	28.7%
TDOC	Teladoc Health	1.6	58.3%	25.3%
ARDT	Ardent Health	2.5	56.3%	95.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PCT	PureCycle Technologies	0.3	-57.6%	-80.6%
FRMI	Fermi	1.0	-57.1%	-80.4%
AESI	Atlas Energy Solutions	0.7	-55.5%	-42.6%
AAOI	Applied Optoelectronics	4.1	-52.7%	43.8%
CIFR	Cipher Digital	2.7	-51.5%	-55.7%
DJT	Trump Media & Technology	1.1	-51.3%	-69.9%
STRL	Sterling Infrastructure	7.7	-51.2%	-17.4%
FPS	Forgent Power Solutions	5.1	-51.1%	-32.8%
BCAX	Bicara Therapeutics	0.6	-49.9%	-48.6%
MNTN	MNTN	0.4	-48.8%	-55.4%

Peer Comparisons

Peers to compare with:

Financials

	FDX	UPS	XPO	ODFL	JBHT	CHRW	Median
Name	FedEx	United P.	XPO	Old Domi.	JB Hunt .	C.H. Rob.
Mkt Price	309.10	108.37	176.29	164.87	217.57	126.50	170.58
Mkt Cap	72.9	92.2	20.6	34.1	20.4	14.9	27.4
Rev LTM	95,331	91,368	8,835	5,787	13,325	18,218	15,771
Op Inc LTM	6,392	6,516	935	1,540	960	885	1,250
FCF LTM	-	6,351	657	1,174	966	468	966
FCF 3Y Avg	-	5,035	32	1,028	731	496	731
CFO LTM	-	9,288	1,132	1,426	1,494	534	1,426
CFO 3Y Avg	-	8,990	983	1,527	1,495	567	1,495

Growth & Margins

	FDX	UPS	XPO	ODFL	JBHT	CHRW	Median
Name	FedEx	United P.	XPO	Old Domi.	JB Hunt .	C.H. Rob.
Rev Chg LTM	7.6%	2.1%	9.5%	3.8%	10.6%	10.4%	8.6%
Rev Chg 3Y Avg	2.5%	-0.6%	5.1%	-0.3%	0.6%	-0.1%	0.3%
Rev Chg Q	2.7%	6.7%	12.4%	13.1%	20.4%	29.5%	12.8%
QoQ Delta Rev Chg LTM	0.6%	1.6%	3.1%	3.3%	4.9%	7.2%	3.2%
Op Inc Chg LTM	4.4%	-20.7%	32.4%	10.7%	16.3%	10.9%	10.8%
Op Inc Chg 3Y Avg	3.9%	-12.3%	26.0%	-1.7%	-2.2%	16.4%	1.1%
Op Mgn LTM	6.7%	7.1%	10.6%	26.6%	7.2%	4.9%	7.2%
Op Mgn 3Y Avg	6.8%	8.4%	9.4%	26.4%	6.9%	4.3%	7.7%
QoQ Delta Op Mgn LTM	-0.3%	-0.2%	0.7%	0.8%	-0.3%	-0.0%	-0.1%
CFO/Rev LTM	-	10.2%	12.8%	24.6%	11.2%	2.9%	11.2%
CFO/Rev 3Y Avg	-	9.9%	11.8%	26.5%	12.0%	3.3%	11.8%
FCF/Rev LTM	-	7.0%	7.4%	20.3%	7.3%	2.6%	7.3%
FCF/Rev 3Y Avg	-	5.6%	0.2%	17.8%	5.8%	2.9%	5.6%

Valuation

	FDX	UPS	XPO	ODFL	JBHT	CHRW	Median
Name	FedEx	United P.	XPO	Old Domi.	JB Hunt .	C.H. Rob.
Mkt Cap	72.9	92.2	20.6	34.1	20.4	14.9	27.4
P/S	0.8	1.0	2.3	5.9	1.5	0.8	1.3
P/Op Inc	11.4	14.2	22.1	22.2	21.2	16.8	19.0
P/EBIT	11.2	13.3	23.4	22.1	21.1	16.8	19.0
P/E	18.7	20.9	41.0	29.4	30.2	22.2	25.8
P/CFO	-	9.9	18.2	23.9	13.7	27.8	18.2
Total Yield	6.8%	10.7%	2.4%	4.1%	4.1%	6.6%	5.4%
Dividend Yield	1.4%	5.9%	0.0%	0.7%	0.8%	2.1%	1.1%
FCF Yield 3Y Avg	-	6.0%	-0.5%	2.9%	4.4%	3.1%	3.1%
D/E	0.5	0.3	0.2	0.0	0.1	0.1	0.2
Net D/E	0.3	0.3	0.2	-0.0	0.1	0.1	0.2

Returns

	FDX	UPS	XPO	ODFL	JBHT	CHRW	Median
Name	FedEx	United P.	XPO	Old Domi.	JB Hunt .	C.H. Rob.
1M Rtn	6.0%	15.1%	-3.1%	-9.2%	-4.6%	-10.5%	-3.8%
3M Rtn	-2.6%	5.4%	-13.0%	-23.7%	-18.8%	-14.9%	-14.0%
6M Rtn	2.7%	11.1%	-13.8%	-16.6%	-11.0%	-25.6%	-12.4%
12M Rtn	49.8%	20.4%	25.2%	18.6%	28.2%	-14.1%	22.8%
3Y Rtn	67.0%	-9.4%	115.5%	-14.0%	28.2%	66.3%	47.2%
1M Excs Rtn	11.0%	20.1%	1.9%	-4.2%	0.4%	-5.4%	1.2%
3M Excs Rtn	0.3%	10.0%	-7.2%	-17.5%	-13.2%	-9.4%	-8.3%
6M Excs Rtn	3.0%	11.4%	-13.5%	-16.3%	-10.7%	-25.3%	-12.1%
12M Excs Rtn	44.7%	15.8%	18.9%	9.3%	20.6%	-24.8%	17.3%
3Y Excs Rtn	-5.8%	-82.1%	52.3%	-88.1%	-44.3%	-8.6%	-26.5%

Comparison Analyses

	Title
0	How Does FedEx Stock Stack Up Against Its Peers?
1	FedEx vs. Amazon: With Return Forecast Of 49%, Amazon Is A Better Bet
2	FedEx vs. Target: With Return Forecast Of 9.7%, Target Is A Better Bet
3	UNH Could Deliver 31% Returns And Outperform FDX
4	With 10% Gains On The Table, PFE May Outshine FDX
5	Why UPS With 14% Upside May Beat FDX?
6	FDX Could Deliver 3.9% Returns And Outperform EXPD
7	FDX Could Deliver 3.9% Returns And Outperform CHRW
8	FedEx vs. Nike: Neither Seems Like A Good Bet
9	FedEx vs. Costco: With Return Forecast Of 45%, Costco Is A Better Bet

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Clinical Pipeline

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Financials

Annual
Quarterly

$ Mil \| FY: 5/31	LTM	2026	2025	2024	2023	2022	2021
Period End	9/30/2026	5/31/2026	5/31/2025	5/31/2024	5/31/2023	5/31/2022	5/31/2021
Filing Date	10/28/2026	7/20/2026	7/21/2025	7/15/2024	7/17/2023	7/18/2022	7/19/2021
Key Financials
Total Revenue	95,331	94,720	87,926	87,693	90,155	93,512	83,959
Gross Profit	20,680	20,622	18,995	18,952	19,166	20,167	17,954
EBITDA	9,809	11,132	10,494	10,868	10,233	9,555	11,260
Operating Income	6,392	6,623	6,032	6,298	5,338	6,523	5,973
Net Income	3,899	4,433	4,092	4,331	3,972	3,826	5,231
EPS	16.39	18.71	16.96	17.41	15.60	14.54	19.79
Growth Rates
Total Revenue Growth	7.6%	7.7%	0.3%	-2.7%	-3.6%	11.4%	21.3%
EBITDA Growth	-7.4%	6.1%	-3.4%	6.2%	7.1%	-15.1%	89.1%
Operating Income Growth	4.4%	9.8%	-4.2%	18.0%	-18.2%	9.2%	109.4%
Net Income Growth	-5.4%	8.3%	-5.5%	9.0%	3.8%	-26.9%	306.8%
Margins
Gross Margin	21.7%	21.8%	21.6%	21.6%	21.3%	21.6%	21.4%
EBITDA Margin	10.3%	11.8%	11.9%	12.4%	11.4%	10.2%	13.4%
Operating Income Margin	6.7%	7.0%	6.9%	7.2%	5.9%	7.0%	7.1%
Net Income Margin	4.1%	4.7%	4.7%	4.9%	4.4%	4.1%	6.2%
Cash & Debt
Total Cash	11,215	13,311	5,502	6,501	6,856	6,897	7,087
Total Debt	34,128	42,943	37,416	37,719	38,332	37,194	36,462
Net Debt / (Cash)	22,913	29,632	31,914	31,218	31,476	30,297	29,375
Cash Flows & CapEx
Net Cash from Operations	-	8,925	7,036	8,312	8,848	9,832	10,135
Total CapEx	-3,186	-3,809	-4,055	-5,176	-6,174	-6,763	-5,884
Free Cash from Operations	-	5,116	2,981	3,136	2,674	3,069	4,251
Returns to Shareholders
Dividends	1,029	1,374	1,339	1,259	1,177	793	686
Share Repurchases	296	796	3,017	2,500	1,500	2,248	-0

$ Mil \| FY: 5/31	2026Q3
Period End	9/30/2026
Filing Date	10/28/2026
Key Financials Quarterly
Total Revenue	22,855
Ebitda	1,067
Operating Income	1,067
Net Income	290
EPS	1.23
Key Financials TTM
Total Revenue TTM	95,331
Ebitda TTM	9,809
Operating Income TTM	6,392
Net Income TTM	3,899
Growth Rates Quarterly
Total Revenue Growth	2.7%
EBITDA Growth	-55.4%
Operating Income Growth	-17.8%
Net Income Growth	-64.8%
Margins Quarterly
EBITDA Margin	4.7%
Operating Income Margin	4.7%
Net Income Margin	1.3%
Cash & Debt
Total Cash	11,215
Total Debt	34,128
Net Debt / (Cash)	22,913
Cash Flows Quarterly
FCF from Operations	-
Cash Flows TTM
FCF from Operations TTM	-
Returns to Shareholders Quarterly
Dividends	0
Share Repurchases	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	12.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	21.4%

Segment Financials

Revenue by Segment

$ Mil	2026	2025	2024	2023	2022
Federal Express segment	82,273	75,304	74,663	75,884	45,814
FedEx Freight segment	8,795	8,892	9,429	10,084	9,532
Corporate, other and eliminations	3,652	3,730	3,601	4,187	4,681
FedEx Ground Segment					33,232
FedEx Services Segment					253
Total	94,720	87,926	87,693	90,155	93,512

Operating Income by Segment

$ Mil	2026	2025	2024	2023	2022
Federal Express segment	5,912	4,885	4,819	4,193	2,922
FedEx Freight segment	616	1,489	1,821	1,936	1,663
Corporate, other and eliminations	-1,065	-1,157	-1,081	-1,217	-982
FedEx Ground Segment					2,642
FedEx Services Segment					0
Total	5,463	5,217	5,559	4,912	6,245

Assets by Segment

$ Mil	2026	2025	2024	2023	2022
Federal Express segment	84,047	74,154	73,259	85,128	47,604
Corporate, other and eliminations	8,017	574	2,133	-8,401	-11,548
FedEx Freight segment	6,873	12,899	11,615	10,416	8,904
FedEx Ground Segment					32,645
FedEx Services Segment					8,389
Total	98,937	87,627	87,007	87,143	85,994

Price Behavior

Price Behavior

Market Price	$308.14
Market Cap ($ Bil)	72.7
First Trading Date	04/12/1978
Distance from 52W High	-8.8%
	50 Days	200 Days
DMA Price	$302.65	$303.99
DMA Trend	down	up
Distance from DMA	1.8%	1.4%
	3M	1YR
Volatility	25.6%	28.8%
Downside Capture	62.69	57.88
Upside Capture	63.86	102.33
Correlation (S&P 500)	31.1%	36.5%

FDX Betas & Captures as of 10/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	-0.14	0.14	0.35	0.84	0.77	0.91
Up Beta	-0.56	-0.77	-0.03	0.84	0.75	0.85
Down Beta	-0.90	-1.41	-0.78	0.36	0.53	0.94
Up Capture	108%	62%	77%	94%	114%	83%
Bmk +ve Days	12	18	28	62	130	427
Stock +ve Days	14	22	31	62	134	406
Down Capture	-48%	87%	72%	106%	70%	99%
Bmk -ve Days	10	25	36	64	121	325
Stock -ve Days	8	21	32	63	116	344

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with FDX
FDX	53.0%	28.8%	1.46	-
Sector ETF (XLI)	7.1%	17.8%	0.22	49.4%
Equity (SPY)	9.5%	13.6%	0.40	37.4%
Gold (GLD)	1.6%	28.7%	0.05	17.8%
Commodities (DBC)	38.4%	21.2%	1.42	-23.3%
Real Estate (VNQ)	11.3%	14.2%	0.51	35.2%
Bitcoin (BTCUSD)	-27.2%	43.6%	-0.61	4.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with FDX
FDX	12.6%	32.8%	0.41	-
Sector ETF (XLI)	10.9%	17.7%	0.45	54.8%
Equity (SPY)	11.3%	17.3%	0.48	50.2%
Gold (GLD)	17.5%	19.1%	0.74	2.2%
Commodities (DBC)	8.1%	19.6%	0.30	2.4%
Real Estate (VNQ)	1.3%	18.9%	-0.04	40.1%
Bitcoin (BTCUSD)	4.0%	51.6%	0.26	17.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with FDX
FDX	10.0%	33.1%	0.37	-
Sector ETF (XLI)	13.0%	20.1%	0.56	62.1%
Equity (SPY)	15.0%	18.0%	0.70	57.9%
Gold (GLD)	11.9%	16.5%	0.59	0.5%
Commodities (DBC)	7.5%	18.1%	0.33	15.0%
Real Estate (VNQ)	5.9%	20.7%	0.24	44.0%
Bitcoin (BTCUSD)	60.0%	66.3%	1.00	12.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	10152026
Short Interest: Shares Quantity	5.1 Mil
Short Interest: % Change Since 9302026	-6.8%
Average Daily Volume	1.2 Mil
Days-to-Cover Short Interest	4.1 days
Basic Shares Quantity	236.0 Mil
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	Stress Testing FDX: Historical Drawdowns and Macro Risks
1	Can FedEx Stock Hold Up When Markets Turn?
2	FDX YTD Stock Return Of 22% Outperforms UPS by 31% and Underperforms XPO by -53%
3	FedEx During 2008 Recession vs. 2022 Inflation Shock: FDX Stock Has Recovered To Its May 2021 High And Looks Fairly Priced
4	FedEx (FDX) Stock Has 68% Chance Of Rise In The Next One Month
5	FedEx Stock Return Comparison
6	[9/29/2021] FedEx (FDX) Stock Price Forecast: AI Forecasts FDX Stock Price To Be Around $234 In A Month (Up 5.2%)
7	FedEx Total Shareholder Return (TSR): -0.9% in 2023 and 20.3% 3-yr returns (above peer average)
8	Air Freight & Logistics Industry Return: 24% YTD Return vs 17% For S&P 500

Earnings Returns History

Updated 11/6/2026

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/28/2026	1.1%	8.1%
6/23/2026	-0.1%	-1.3%	-0.5%
3/19/2026	0.8%	-1.8%	10.6%
12/18/2025	0.6%	3.2%	6.9%
9/18/2025	2.3%	4.4%	5.0%
6/24/2025	-3.3%	2.1%	6.0%
3/20/2025	-6.4%	-0.9%	-16.7%
12/19/2024	-0.1%	1.6%	-2.1%
...
SUMMARY STATS
# Positive	12	13	12
# Negative	12	11	11
Median Positive	4.7%	5.3%	7.2%
Median Negative	-3.8%	-1.4%	-8.2%
Max Positive	15.5%	16.3%	16.5%
Max Negative	-15.2%	-11.8%	-16.7%

Collapse to Preview

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/28/2026	1.1%	8.1%
6/23/2026	-0.1%	-1.3%	-0.5%
3/19/2026	0.8%	-1.8%	10.6%
12/18/2025	0.6%	3.2%	6.9%
9/18/2025	2.3%	4.4%	5.0%
6/24/2025	-3.3%	2.1%	6.0%
3/20/2025	-6.4%	-0.9%	-16.7%
12/19/2024	-0.1%	1.6%	-2.1%
9/19/2024	-15.2%	-11.3%	-8.7%
6/25/2024	15.5%	16.3%	16.5%
3/21/2024	7.4%	9.4%	2.0%
12/19/2023	-12.1%	-10.4%	-10.5%
9/20/2023	4.5%	4.9%	-2.9%
6/20/2023	-2.5%	6.5%	13.8%
3/16/2023	8.0%	6.3%	12.4%
12/20/2022	3.4%	5.3%	16.3%
9/22/2022	-3.4%	-1.4%	-0.8%
6/23/2022	7.2%	-0.1%	0.5%
3/17/2022	-4.0%	-1.3%	-10.8%
12/16/2021	4.9%	6.4%	6.2%
9/21/2021	-9.1%	-11.8%	-8.2%
6/24/2021	-3.6%	-1.3%	-1.8%
3/18/2021	6.1%	4.0%	7.5%
12/17/2020	-5.7%	-8.0%	-13.8%
SUMMARY STATS
# Positive	12	13	12
# Negative	12	11	11
Median Positive	4.7%	5.3%	7.2%
Median Negative	-3.8%	-1.4%	-8.2%
Max Positive	15.5%	16.3%	16.5%
Max Negative	-15.2%	-11.8%	-16.7%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
09/30/2026	10/28/2026	10-Q
05/31/2026	07/20/2026	10-K
02/28/2026	03/19/2026	10-Q
11/30/2025	12/18/2025	10-Q
08/31/2025	09/18/2025	10-Q
05/31/2025	07/21/2025	10-K
02/28/2025	03/20/2025	10-Q
11/30/2024	12/19/2024	10-Q
08/31/2024	09/19/2024	10-Q
05/31/2024	07/15/2024	10-K
02/29/2024	03/21/2024	10-Q
11/30/2023	12/19/2023	10-Q
08/31/2023	09/20/2023	10-Q
05/31/2023	07/17/2023	10-K
02/28/2023	03/16/2023	10-Q
11/30/2022	12/20/2022	10-Q

Collapse to Preview

Report Date	Filing Date	Filing
09/30/2026	10/28/2026	10-Q
05/31/2026	07/20/2026	10-K
02/28/2026	03/19/2026	10-Q
11/30/2025	12/18/2025	10-Q
08/31/2025	09/18/2025	10-Q
05/31/2025	07/21/2025	10-K
02/28/2025	03/20/2025	10-Q
11/30/2024	12/19/2024	10-Q
08/31/2024	09/19/2024	10-Q
05/31/2024	07/15/2024	10-K
02/29/2024	03/21/2024	10-Q
11/30/2023	12/19/2023	10-Q
08/31/2023	09/20/2023	10-Q
05/31/2023	07/17/2023	10-K
02/28/2023	03/16/2023	10-Q
11/30/2022	12/20/2022	10-Q
08/31/2022	09/22/2022	10-Q
05/31/2022	07/18/2022	10-K
02/28/2022	03/17/2022	10-Q
11/30/2021	12/16/2021	10-Q
08/31/2021	09/21/2021	10-Q
05/31/2021	07/19/2021	10-K
02/28/2021	03/18/2021	10-Q
11/30/2020	12/17/2020	10-Q
08/31/2020	09/15/2020	10-Q
05/31/2020	07/20/2020	10-K
02/29/2020	03/17/2020	10-Q
11/30/2019	12/17/2019	10-Q

Recent Forward Guidance

Updated 10/29/2026

Latest: Q2 2026 Earnings Reported 10/28/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
Q3 2026 Operating Days	Reported		64
Q4 2026 Operating Days	Reported		64
Q1 2027 Operating Days	Reported		63
Q2 2027 Operating Days	Reported		64
Q3 2027 Operating Days	Reported		64
Q4 2027 Operating Days	Reported		63

Prior: Q4 2026 Earnings Reported 6/23/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Pension Contributions	Reported		475.00 Mil		72.7%		Raised	Guidance: 275.00 Mil for 2026
2026 Capital Spending	Reported		3.90 Bil		-4.9%		Lowered	Guidance: 4.10 Bil for 2026
2026 Revenue Growth	Reported		11.0%			4.8%	Raised	Guidance: 6.25% for 2026
2026 Effective Tax Rate	Reported		23.0%			-1.0%	Lowered	Guidance: 24.0% for 2026
2026 Diluted EPS	Reported	16.55	17.15	17.75	4.3%		Raised	Guidance: 16.45 for 2026
2026 Adjusted Diluted EPS	Reported	16.9	17.5	18.1	-11.2%		Lowered	Guidance: 19.7 for 2026

Q3 2026 Earnings Reported 3/19/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Permanent cost reductions	Reported		1.00 Bil		0		Affirmed	Guidance: 1.00 Bil for 2026
2026 Pension contributions	Reported		275.00 Mil		0		Affirmed	Guidance: 275.00 Mil for 2026
2026 Revenue Growth	Reported	6.0%	6.25%	6.5%	13.6%	0.8%	Raised	Guidance: 5.5% for 2026
2026 Effective Tax Rate	Reported		24.0%			-1.0%	Lowered	Guidance: 25.0% for 2026
2026 Diluted EPS (before MTM adjustments)	Reported	16.05	16.45	16.85	6.8%		Raised	Guidance: 15.4 for 2026
2026 Diluted EPS (adjusted)	Reported	19.3	19.7	20.1	7.1%		Raised	Guidance: 18.4 for 2026
2026 Capital Expenditures	Reported		4.10 Bil		-8.9%		Lowered	Guidance: 4.50 Bil for 2026

Q2 2026 Earnings Reported 12/18/2025

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Pension Contributions	Reported		275.00 Mil		-31.2%		Lowered	Guidance: 400.00 Mil for 2026
2026 Permanent Cost Reductions	Reported		1.00 Bil		0		Affirmed	Guidance: 1.00 Bil for 2026
2026 Capital Spending	Reported		4.50 Bil		0		Affirmed	Guidance: 4.50 Bil for 2026
2026 Revenue Growth	Reported	5.0%	5.5%	6.0%	10.0%	0.5%	Raised	Guidance: 5.0% for 2026
2026 Effective Tax Rate	Reported		25.0%			0	Affirmed	Guidance: 25.0% for 2026
2026 Diluted EPS (before MTM adjustments)	Reported	14.8	15.4	16	2.0%		Raised	Guidance: 15.1 for 2026
2026 Diluted EPS (adjusted)	Reported	17.8	18.4	19	1.7%		Raised	Guidance: 18.1 for 2026

Insider Activity

Updated 11/3/2026

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Adams, Gina F	EVP GENL COUNSEL/SECTY	by Gina Adams Living Trust	Sell	11032026	317.06	3,014	955,616	3,061,522	Form
2	Brightman, Tracy B	EVP - Chief People Officer	Direct	Sell	10302026	316.68	26,611	8,427,275	3,877,794	Form
3	Walsh, Paul S		Direct	Sell	6302026	324.56	5,042	1,636,432	5,309,477	Form
4	Schwab, Susan C		Direct	Sell	4162026	369.00	5,795	2,138,355	3,704,022	Form
5	Brightman, Tracy B	EVP - Chief People Officer	Direct	Sell	4152026	363.47	16,959	6,164,156	4,017,115	Form

Collapse to Preview

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Adams, Gina F	EVP GENL COUNSEL/SECTY	by Gina Adams Living Trust	Sell	11032026	317.06	3,014	955,616	3,061,522	Form
2	Brightman, Tracy B	EVP - Chief People Officer	Direct	Sell	10302026	316.68	26,611	8,427,275	3,877,794	Form
3	Walsh, Paul S		Direct	Sell	6302026	324.56	5,042	1,636,432	5,309,477	Form
4	Schwab, Susan C		Direct	Sell	4162026	369.00	5,795	2,138,355	3,704,022	Form
5	Brightman, Tracy B	EVP - Chief People Officer	Direct	Sell	4152026	363.47	16,959	6,164,156	4,017,115	Form
6	Preet, Kawal	EVP - Plng, Eng, & Transfmtn	Direct	Sell	4142026	367.89	4,900	1,802,661	4,029,499	Form
7	Carere, Brie	EVP/Chief Customer Officer	Direct	Sell	4142026	370.03	2,700	999,068	8,718,531	Form
8	Adams, Gina F	EVP GENL COUNSEL/SECTY	Direct	Sell	4142026	366.45	20,450	7,493,856	7,110,185	Form

Investor Activity (13F)

Updated Nov 8, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Sentry LLC	$125.9 Mil	40.0%	118	TRIM -38.2%	13F
Waddell & Associates, LLC	$499.4 Mil	28.2%	449	ADD +18.0%	13F
TOMS Capital Investment Management LP	$128.2 Mil	8.4%	14	New	13F
DKRT Investments Corp.	$32.1 Mil	8.1%	48	Hold	13F
Focused Investors LLC	$167.0 Mil	5.4%	22	Hold	13F
General Pension Society PZU Joint Stock Co	$27.0 Mil	4.1%	15	TRIM -33.6%	13F
Cambridge Financial Group, Inc.	$10.0 Mil	3.7%	33	Hold	13F
Gates Foundation Trust	$849.3 Mil	2.7%	22	Hold	13F
Electron Capital Partners, LLC	$56.7 Mil	2.7%	44	New	13F
Cartenna Capital, LP	$57.0 Mil	2.5%	41	New	13F
KR Capital LP	$11.7 Mil	2.3%	49	New	13F
Kiltearn Partners LLP	$8.0 Mil	2.2%	25	TRIM -16.9%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
TOMS Capital Investment Management LP	$128.2 Mil	8.4%	14	New	13F
Cartenna Capital, LP	$57.0 Mil	2.5%	41	New	13F
Electron Capital Partners, LLC	$56.7 Mil	2.7%	44	New	13F
KR Capital LP	$11.7 Mil	2.3%	49	New	13F
Waddell & Associates, LLC	$499.4 Mil	28.2%	449	ADD +18.0%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	As Of	Filing
Wilsey Asset Management Inc	$35.8 Mil	5.6%	29	Exited	Dec 31, 2025	13F
Matthew 25 Management Corp	$5.8 Mil	1.8%	21	Exited	Dec 31, 2025	13F
Sentry LLC	$125.9 Mil	40.0%	118	TRIM -38.2%	Mar 31, 2026	13F
General Pension Society PZU Joint Stock Co	$27.0 Mil	4.1%	15	TRIM -33.6%	Mar 31, 2026	13F
Kiltearn Partners LLP	$8.0 Mil	2.2%	25	TRIM -16.9%	Mar 31, 2026	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Gates Foundation Trust	$849.3 Mil	2.7%	22	Hold	13F
Waddell & Associates, LLC	$499.4 Mil	28.2%	449	ADD +18.0%	13F
Focused Investors LLC	$167.0 Mil	5.4%	22	Hold	13F
TOMS Capital Investment Management LP	$128.2 Mil	8.4%	14	New	13F
Sentry LLC	$125.9 Mil	40.0%	118	TRIM -38.2%	13F
Cartenna Capital, LP	$57.0 Mil	2.5%	41	New	13F
Electron Capital Partners, LLC	$56.7 Mil	2.7%	44	New	13F
DKRT Investments Corp.	$32.1 Mil	8.1%	48	Hold	13F
General Pension Society PZU Joint Stock Co	$27.0 Mil	4.1%	15	TRIM -33.6%	13F
KR Capital LP	$11.7 Mil	2.3%	49	New	13F
Cambridge Financial Group, Inc.	$10.0 Mil	3.7%	33	Hold	13F
Kiltearn Partners LLP	$8.0 Mil	2.2%	25	TRIM -16.9%	13F

FDX Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Status	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing FDX?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What FDX Makes & Who Pays

TTM figures based on

FDX Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

FedEx — Investor Video Playlist

Products & Services

How FedEx Supports Pharmaceutical Logistics and Cold Chain Shipping | LogiPharma 2026

FedEx · 2026-10-12

Products & Services

Power House Episode 3: Beyond Visibility: Turning Data into Action

FedEx · 2026-08-03

Investor / Analyst

$FDX FedEx Q4 2026 Earnings Conference Call

EARNMOAR · 2026-06-24

Products & Services

FedEx Supply Chain Visibility: Segmail Success Story

FedEx · 2026-06-10

Investor / Analyst

FedEx Freight Investor Day 2026 | April 08, 2026

i101 · 2026-04-09

Investor / Analyst

FedEx Corporation 2026 Investor Day | Feb 12, 2026

i101 · 2026-02-17

Products & Services

We don't just move packages. 📦 We move economies forward. 📈

FedEx · 2025-10-30

Products & Services

Unpacked: Episode 3- Designing Packaging at E-Commerce Speed

FedEx · 2025-05-27

Industry Resources

Industrials Resources

IndustryWeek

Manufacturing.net

Aviation Week

Air Freight & Logistics Resources

Air Cargo World

Logistics Management

Journal of Commerce (JOC)

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 11/7/2026

FedEx (FDX)

Market Price (11/8/2026): $309.1 | Market Cap: $72.4 BilInvestor Relations ↗Sector: Industrials | Industry: Air Freight & Logistics

FedEx (FDX)

Market Price (11/8/2026): $309.1Market Cap: $72.4 BilSector: IndustrialsIndustry: Air Freight & Logistics

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

FDX in ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About FedEx (FDX)

Addressable Markets for FedEx (FDX) Main Products and Services

Global Market Sizes:

U.S. Market Sizes:

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. FedEx (FDX)

Peer Outperformance in Air Freight & Logistics

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Clinical Pipeline

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Recent Forward Guidance

Insider Activity

Investor Activity (13F)

FDX Trade Sentinel

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Market Price (11/8/2026): $309.1 | Market Cap: $72.4 BilInvestor Relations Sector: Industrials | Industry: Air Freight & Logistics

Market Price (11/8/2026): $309.1
Market Cap: $72.4 Bil
Sector: Industrials
Industry: Air Freight & Logistics