Tearsheet
Investment Highlights Market Valuation Price Chart Return vs. Risk About FDX Interactive Breakdown Better Bets vs. FDX Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

FedEx (FDX)

Market Price (11/1/2025): $253.9 | Market Cap: $59.9 Bil
Sector: Industrials | Industry: Air Freight & Logistics

FedEx (FDX)

Market Price (11/1/2025): $253.9
Market Cap: $59.9 Bil
Sector: Industrials
Industry: Air Freight & Logistics

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 6.1%		 Weak multi-year price returns
2Y Excs Rtn is -50%, 3Y Excs Rtn is -6.9%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%
1 Attractive cash flow generation
CFO LTM is 7.6 Bil, FCF LTM is 3.7 Bil		  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%
2 Low stock price volatility
Vol 12M is 32%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 6.1%
1 Attractive cash flow generation
CFO LTM is 7.6 Bil, FCF LTM is 3.7 Bil
2 Low stock price volatility
Vol 12M is 32%
3 Weak multi-year price returns
2Y Excs Rtn is -50%, 3Y Excs Rtn is -6.9%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%

Market Valuation & Key Metrics

FDXS&P 500
REVENUE GROWTH 
Rev LTM ($ Bil)88.6
Rev Chg Q3.1%6.6%
Rev Chg LTM1.1%5.4%
Rev Chg 3Y Avg-2.2%5.3%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)6.1
CFO LTM ($ Bil)7.6
Net Inc LTM ($ Bil)4.1
Op Mgn LTM6.9%18.7%
CFO/Rev LTM8.5%20.3%
Net Inc Mgn4.7%12.8%
VALUATIONLOW
P/S0.73.2
P/CFO7.915.1
P/FCF16.420.4
P/E14.523.6
STABILITYFAIR
Debt/Equity0.630.21
Cash/Assets0.070.07

AI Generated Analysis | Feedback

MetricValueDateSource
Gross Profit9.21 billion2024Link
Operating Income2.72 billion2024Link
Net Income1.76 billion2024Link
Year-over-Year Revenue Growth Rate-3%2024Link

FDX Stock

   
   
   
   
   
   
   

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Fundamental Drivers

The 17.0% change in FDX stock from 5/2/2025 to 10/31/2025 was primarily driven by a 9.4% change in the company's P/E Multiple.
502202510312025Change
Stock Price ($)216.92253.8217.01%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)87815.0088591.000.88%
Net Income Margin (%)4.46%4.65%4.29%
P/E Multiple13.2914.539.37%
Shares Outstanding (Mil)240.00236.001.67%
Cumulative Contribution16.98%

LTM = Last Twelve Months as of date shown

Market Drivers

5/2/2025 to 10/31/2025
ReturnCorrelation
FDX17.0% 
Market (SPY)20.7%61.2%
Sector (XLI)15.6%59.5%

Fundamental Drivers

The -5.1% change in FDX stock from 10/31/2024 to 10/31/2025 was primarily driven by a -9.9% change in the company's P/E Multiple.
1031202410312025Change
Stock Price ($)267.57253.82-5.14%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)87591.0088591.001.14%
Net Income Margin (%)4.62%4.65%0.70%
P/E Multiple16.1314.53-9.92%
Shares Outstanding (Mil)244.00236.003.28%
Cumulative Contribution-5.24%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2024 to 10/31/2025
ReturnCorrelation
FDX-5.1% 
Market (SPY)21.1%61.8%
Sector (XLI)17.2%66.3%

Fundamental Drivers

The 71.4% change in FDX stock from 11/1/2022 to 10/31/2025 was primarily driven by a 36.0% change in the company's P/E Multiple.
1101202210312025Change
Stock Price ($)148.07253.8271.42%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)94751.0088591.00-6.50%
Net Income Margin (%)3.79%4.65%22.84%
P/E Multiple10.6914.5336.00%
Shares Outstanding (Mil)259.00236.008.88%
Cumulative Contribution70.07%

LTM = Last Twelve Months as of date shown

Market Drivers

11/1/2023 to 10/31/2025
ReturnCorrelation
FDX9.0% 
Market (SPY)65.1%48.5%
Sector (XLI)61.3%54.2%

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
FDX Return74%1%-32%49%13%-10%77%
Peers Return36%11%-25%60%22%12%145%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
FDX Win Rate67%50%50%58%50%44% 
Peers Win Rate58%57%45%68%52%56% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
FDX Max Drawdown-40%-15%-44%0%-7%-29% 
Peers Max Drawdown-34%-10%-33%-9%-12%-22% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, UPS, XPO, CHRW, BCO. 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] 2025 data is for the year up to 10/31/2025 (YTD)

How Low Can It Go

Unique KeyEventFDXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-54.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven120.8%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-45.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven82.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven122 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-49.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven98.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven372 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-71.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven252.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1682 days1480 days

Compare to AMZN, UPS, XPO, CHRW, BCO


In The Past

FedEx's stock fell -54.7% during the 2022 Inflation Shock from a high on 5/27/2021. A -54.7% loss requires a 120.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About FedEx (FDX)

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Interactive Breakdown

FedEx Interactive Breakdown Analysis

Better Bets than FedEx (FDX)

 FDXBetter Performance than FDX
MetricValueIndustry (Air Freight & Logistics)
Rev Chg LTM1.1%EXPD (23.7%), GXO (22.4%), FWRD (35.2%), CYRX (6.4%), RLGT (12.5%)
Rev Chg 3Y Avg-2.2%GXO (14.5%), FWRD (19.0%), CIIT (591.1%)
Op Mgn LTM6.9%UPS (9.3%), EXPD (9.9%)
CFO/Rev LTM8.5%ATXG (16.3%)
FCF/Rev LTM4.1%EXPD (7.2%), ATXG (10.6%)
Total Yield9.1%UPS (13.6%), CYRX (16.2%)
 FDXBetter Performance than FDX
MetricValueAll Other Sectors
Rev Chg LTM1.1%NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg-2.2%NVDA (92.0%), AAPL (1.8%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%)
Op Mgn LTM6.9%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AMZN (11.4%)
CFO/Rev LTM8.5%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AMZN (18.1%)
FCF/Rev LTM4.1%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield9.1%XOM (9.7%), BABA (37.0%), WFC (9.2%), CVX (9.4%), TM (2048.5%)
 Best Bets In Industrials Sector
 FDXGATX VRSK PAYX ADT AME NDSN TDG PCTY FTV VRRM
What You Pay           
P/E14.518.033.125.511.831.728.839.436.927.672.5
P/EBIT9.58.722.618.55.625.219.519.127.813.521.5
What You Get           
Rev Chg Q3.1%8.4%5.9%10.2%6.8%10.8%12.1%9.3%12.2%2.3%16.1%
Rev Chg LTM1.1%10.7%7.3%5.6%6.6%3.7%4.5%12.8%7.0%27.9%8.5%
Rev Chg 3Y Avg-2.2%10.3%13.4%6.5%2.6%5.9%3.6%18.2%22.7%9.4%9.1%
FCF/Rev 3Y Avg3.6%39.2%33.2%31.6%24.1%23.2%21.5%20.8%20.5%20.1%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1FedEx Earnings Notes  
2Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]Notification 
3Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]Notification 
4Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]Notification 
5FedEx Stock Jumped 5.3% in a Week, What Now?Return 
6FedEx vs UnitedHealth: Which Is A Better Investment?Counter-Intuitive Comparisons 
7FedEx vs United Airlines: Which Is A Better Investment?Counter-Intuitive Comparisons 
8null  
9Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UNH, HCA   
10Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UAL, OC   
11ARTICLES  
12What’s Next For FedEx Stock After An Upbeat Quarter? September 19th, 2025
13How To Trade FedEx Stock Ahead of Its Upcoming Earnings? September 15th, 2025
14FDX Down 10% In A Week. How Confident Are You In The Stock? August 5th, 2025
15FDX Stock Down -5.4% after 7-Day Loss Streak July 22nd, 2025
16FDX Stock Down -5.1% after 6-Day Loss Streak July 19th, 2025
Title
0DASHBOARDS
1What’s Next For FedEx Stock After An Upbeat Quarter?
2How To Trade FedEx Stock Ahead of Its Upcoming Earnings?
3FDX Down 10% In A Week. How Confident Are You In The Stock?
4FDX Stock Down -5.4% after 7-Day Loss Streak
5FDX Stock Down -5.1% after 6-Day Loss Streak
6ARTICLES
7FedEx Earnings Notes
8Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]
9Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]
10Day 7 of Gains Streak for FedEx Stock with 8.1% Return (vs. -12% YTD) [10/21/2025]
11FedEx Stock Jumped 5.3% in a Week, What Now?
12FedEx vs UnitedHealth: Which Is A Better Investment?
13FedEx vs United Airlines: Which Is A Better Investment?
14null
15Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UNH, HCA 
16Better Bet Than FDX Stock: Pay Less Than FedEx To Get More From UAL, OC 

Trade Ideas

Select past ideas related to FDX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_10312025_Dip_Buyer_FCFYield10312025GEOGEODip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		0.0%0.0%0.0%
RUN_10312025_Short_Squeeze10312025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		0.0%0.0%0.0%
PLPC_10312025_Quality_Momentum_RoomToRun_10%10312025PLPCPreformed Line ProductsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		0.0%0.0%0.0%
VRSK_10172025_Monopoly_xInd_xCD_Getting_Cheaper10172025VRSKVerisk AnalyticsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-5.8%-5.8%-10.5%
CARR_10102025_Dip_Buyer_ValueBuy10102025CARRCarrier GlobalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.4%5.4%-0.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_10312025_Dip_Buyer_FCFYield10312025GEOGEODip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		0.0%0.0%0.0%
RUN_10312025_Short_Squeeze10312025RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		0.0%0.0%0.0%
PLPC_10312025_Quality_Momentum_RoomToRun_10%10312025PLPCPreformed Line ProductsQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		0.0%0.0%0.0%
VRSK_10172025_Monopoly_xInd_xCD_Getting_Cheaper10172025VRSKVerisk AnalyticsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-5.8%-5.8%-10.5%
CARR_10102025_Dip_Buyer_ValueBuy10102025CARRCarrier GlobalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.4%5.4%-0.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PUMPProPetro64.5%11.3%
2INBXInhibrx Biosciences42.5%430.3%
3RNAAvidity Biosciences42.1%140.2%
4GCIGannett40.6%4.7%
5CSIQCanadian Solar38.4%86.7%
6DYNDyne Therapeutics31.9%-4.2%
7ZBIOZenas BioPharma30.8%281.6%
8IMVTImmunovant30.3%-0.4%
9BBNXBeta Bionics29.9% 
10MBXMBX Biosciences29.2%19.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1LRNStride-55.3%-34.5%
2NTLAIntellia Therapeutics-50.7%8.2%
3FMCFMC-50.2%-67.4%
4PMIPicard Medical-48.2%4265.1%
5FIFiserv-46.7%-67.5%
6VRNSVaronis Systems-43.5%-20.7%
7THRYThryv-38.1%-47.9%
8ATGEAdtalem Global Education-35.9%7.9%
9UAMYUnited States Antimony-32.8%355.9%
10SVVSavers Value Village-31.7%-10.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines260.1%158.3%
2INBXInhibrx Biosciences132.9%430.3%
3PUMPProPetro93.3%11.3%
4VICRVicor85.6%87.8%
5DYNDyne Therapeutics79.9%-4.2%
6GLUEMonte Rosa Therapeutics68.4%85.2%
7NVTSNavitas Semiconductor64.2%277.0%
8SLDPSolid Power61.9%232.3%
9LUMNLumen Technologies61.1%93.6%
10FLNCFluence Energy60.9%32.2%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-69.9%4265.1%
2LRNStride-53.2%-34.5%
3FMCFMC-51.7%-67.4%
4FIFiserv-47.0%-67.5%
5SOCSable Offshore-46.5%-54.3%
6VRNSVaronis Systems-40.8%-20.7%
7NFENew Fortress Energy-40.0%-91.5%
8LENZLENZ Therapeutics-38.5%2.9%
9OGNOrganon-38.3%-53.7%
10NTLAIntellia Therapeutics-38.3%8.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PUMPProPetro64.5%11.3%
2INBXInhibrx Biosciences42.5%430.3%
3RNAAvidity Biosciences42.1%140.2%
4GCIGannett40.6%4.7%
5CSIQCanadian Solar38.4%86.7%
6DYNDyne Therapeutics31.9%-4.2%
7ZBIOZenas BioPharma30.8%281.6%
8IMVTImmunovant30.3%-0.4%
9BBNXBeta Bionics29.9% 
10MBXMBX Biosciences29.2%19.2%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1LRNStride-55.3%-34.5%
2NTLAIntellia Therapeutics-50.7%8.2%
3FMCFMC-50.2%-67.4%
4PMIPicard Medical-48.2%4265.1%
5FIFiserv-46.7%-67.5%
6VRNSVaronis Systems-43.5%-20.7%
7THRYThryv-38.1%-47.9%
8ATGEAdtalem Global Education-35.9%7.9%
9UAMYUnited States Antimony-32.8%355.9%
10SVVSavers Value Village-31.7%-10.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for FedEx

Financials

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Mkt Price253.82244.2296.42143.87153.99111.16148.93
Mkt Cap59.92,597.881.717.018.54.739.2
Rev LTM88,591670,03890,3138,06717,0135,07052,802
Op Inc LTM6,08476,1908,3997067574743,420
FCF LTM3,65413,4813,5392326413482,090
FCF 3Y Avg3,18721,6774,797-2069073592,047
CFO LTM7,565121,1377,4799497105724,214
CFO 3Y Avg8,10296,9779,6128089915704,546

Growth & Margins

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Rev Chg LTM1.1%10.9%0.9%-0.3%-2.6%2.2%1.0%
Rev Chg 3Y Avg-2.2%11.3%-3.3%38.4%-13.2%5.0%1.4%
Rev Chg Q3.1%13.3%-2.7%2.8%-7.7%3.8%3.0%
QoQ Delta Rev Chg LTM0.8%3.0%-0.7%0.7%-2.0%0.9%0.7%
Op Mgn LTM6.9%11.4%9.3%8.8%4.4%9.4%9.0%
Op Mgn 3Y Avg6.7%7.9%9.9%8.0%3.7%9.6%7.9%
QoQ Delta Op Mgn LTM0.1%0.3%-0.1%0.1%0.3%0.3%0.2%
CFO/Rev LTM8.5%18.1%8.3%11.8%4.2%11.3%9.9%
CFO/Rev 3Y Avg9.2%15.8%10.4%10.1%5.2%11.6%10.3%
FCF/Rev LTM4.1%2.0%3.9%2.9%3.8%6.9%3.8%
FCF/Rev 3Y Avg3.6%3.5%5.2%-2.6%4.8%7.3%4.2%

Valuation

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
Mkt Cap59.92,597.881.717.018.54.739.2
P/S0.73.90.92.11.10.91.0
P/EBIT9.530.510.025.524.59.417.3
P/E14.536.814.351.134.728.931.8
P/CFO7.921.410.917.926.18.214.4
Total Yield9.1%2.7%13.6%2.0%4.5%3.5%4.0%
Dividend Yield2.2%0.0%6.6%0.0%1.6%0.0%0.8%
FCF Yield 3Y Avg5.2%1.1%4.0%-1.8%8.1%9.5%4.6%
D/E0.60.10.40.20.10.90.3
Net D/E0.50.00.30.20.10.70.2

Returns

FDXAMZNUPSXPOCHRWBCOMedian
NameFedEx Amazon.c.United P.XPO C.H. Rob.Brink's  
1M Rtn6.0%10.7%14.3%13.3%16.1%-6.1%12.0%
3M Rtn17.7%13.7%16.3%21.1%35.9%30.5%19.4%
6M Rtn17.0%28.6%3.6%31.1%71.5%22.3%25.4%
12M Rtn-5.1%31.0%-23.5%10.2%53.0%9.3%9.8%
3Y Rtn71.4%152.3%-32.8%342.7%70.1%91.2%81.3%
1M Excs Rtn2.9%7.9%10.8%11.6%12.4%-6.3%9.4%
3M Excs Rtn9.4%7.3%7.5%12.3%26.5%19.0%10.9%
6M Excs Rtn-3.3%8.3%-16.7%10.8%51.2%2.0%5.1%
12M Excs Rtn-22.8%10.7%-40.9%2.4%28.7%-9.5%-3.6%
3Y Excs Rtn-6.9%32.6%-112.0%290.9%-6.1%26.2%10.0%

Financials

$ Mil | FY: 5/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End8/31/20255/31/20252/28/202511/30/20248/31/20245/31/20242/29/202411/30/20238/31/20235/31/20232/28/202311/30/2022
Filing Date9/18/20257/21/20253/20/202512/19/20249/19/20247/15/20243/21/202412/19/20239/20/20237/17/20233/16/202312/20/2022
Key Financials Quarterly            
Total Revenue22,24422,22022,16021,96721,57922,10921,73822,16521,68121,93022,16922,814
Ebitda2,3903,2302,5372,4412,2863,3172,4292,4612,6613,5262,1962,258
Operating Income1,2981,9371,4711,3781,2081,9301,3571,4211,5901,7321,1651,212
Net Income8241,6489097417941,4748799001,0781,538771788
EPS3.486.923.793.063.245.943.553.594.286.063.073.08
Key Financials TTM            
Total Revenue TTM88,59187,92687,81587,39387,59187,69387,51487,94588,59490,15592,61994,091
Ebitda TTM10,59810,49410,58110,47310,49310,86811,07710,84410,64110,2338,7718,994
Operating Income TTM6,0845,9945,9875,8735,9166,2986,1005,9085,6995,3385,5905,858
Net Income TTM4,1224,0923,9183,8884,0474,3314,3954,2874,1753,9722,9923,333
Growth Rates Quarterly            
Total Revenue Growth3.1%0.5%1.9%-0.9%-0.5%0.8%-1.9%-2.8%-6.7%-10.1%-6.2%-2.8%
EBITDA Growth4.5%-2.6%4.4%-0.8%-14.1%-5.9%10.6%9.0%18.1%70.8%-9.2%-14.3%
Operating Income Growth7.5%0.4%8.4%-3.0%-24.0%11.4%16.5%17.2%29.4%-12.7%-18.7%-26.1%
Net Income Growth3.8%11.8%3.4%-17.7%-26.3%-4.2%14.0%14.2%23.2%175.6%-30.7%-24.5%
Margins Quarterly            
EBITDA Margin10.7%14.5%11.4%11.1%10.6%15.0%11.2%11.1%12.3%16.1%9.9%9.9%
Operating Income Margin5.8%8.7%6.6%6.3%5.6%8.7%6.2%6.4%7.3%7.9%5.3%5.3%
Net Income Margin3.7%7.4%4.1%3.4%3.7%6.7%4.0%4.1%5.0%7.0%3.5%3.5%
Cash & Debt            
Total Cash6,1665,5025,1355,0295,9436,5015,6446,7297,0556,8565,3734,646
Total Debt37,90637,41637,03137,27437,76537,71937,51438,18238,21638,33238,08838,036
Net Debt / (Cash)31,74031,91431,89632,24531,82231,21831,87031,45331,16131,47632,71533,390
Cash Flows Quarterly            
FCF from Operations1,7162,5192,0121,3181,1872,6981,6101,7742,2303,4472,2761,518
Cash Flows TTM            
FCF from Operations TTM7,5657,0367,2156,8137,2698,3129,0619,7279,4718,8488,9038,875
Returns to Shareholders Quarterly            
Dividends345331332337339310314317318289290299
Share Repurchases5005004971,0201,0005001,000500500-0-01,500
Return on Invested Capital (ROIC) Quarterly            
ROIC11.9%18.0%14.2%12.9%11.4%18.0%12.7%13.5%15.5%15.9%10.7%10.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM14.3%14.1%14.0%13.5%13.8%15.0%14.2%13.9%13.6%12.6%13.0%13.7%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Federal Express segment74,66375,88445,81442,07835,513
FedEx Freight segment9,42910,0849,5327,8337,102
Corporate, other and elimination3,6014,1874,6813,5203,847
FedEx Ground Segment  33,23230,49622,733
FedEx Services Segment  2533222
Total87,69390,15593,51283,95969,217


Operating Income by Segment
$ Mil20252024202320222021
Federal Express segment4,8194,1932,9222,810996
FedEx Freight segment1,8211,9361,6631,005580
Corporate, other and elimination-1,081-1,217-982-1,151-1,173
FedEx Ground Segment  2,6423,1932,014
FedEx Services Segment  00 
Total5,5594,9126,2455,8572,417


Assets by Segment
$ Mil20252024202320222021
Federal Express segment73,25985,12847,60446,35641,252
FedEx Freight segment11,61510,4168,9047,3716,434
Corporate, other and elimination2,133-8,401-11,548-8,723-6,134
FedEx Ground Segment  32,64529,13424,700
FedEx Services Segment  8,3898,6397,285
Total87,00787,14385,99482,77773,537


Price Behavior

FDX Betas & Captures as of 10/31/2025

 1M2M3M6M1Y3Y
Beta1.501.241.351.531.010.96
Up Beta0.961.031.621.781.040.93
Down Beta2.132.151.841.581.050.95
Up Capture159%102%120%136%78%90%
Bmk +ve Days14273774145425
Stock +ve Days16283966132396
Down Capture93%51%86%142%105%100%
Bmk -ve Days9172853106327
Stock -ve Days7162661119356

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

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity4,367,601
Short Interest: % Change Since 9302025-11.6%
Average Daily Volume1,609,659
Days-to-Cover Short Interest2.71
Basic Shares Quantity236,000,000
Short % of Basic Shares1.9%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/18/20252.3%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%
9/3/2024-0.2%-2.8%-8.6%
6/25/202415.5%16.3%16.5%
3/21/20247.4%9.4%2.0%
12/19/2023-12.1%-10.4%-10.5%
...
SUMMARY STATS   
# Positive121413
# Negative121011
Median Positive5.9%5.8%12.4%
Median Negative-4.8%-5.2%-8.6%
Max Positive15.5%26.4%25.4%
Max Negative-21.4%-24.6%-23.4%

SEC Filings

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Report DateFiling DateFiling
8312025918202510-Q 8/31/2025
5312025721202510-K 5/31/2025
2282025320202510-Q 2/28/2025
113020241219202410-Q 11/30/2024
8312024919202410-Q 8/31/2024
5312024715202410-K 5/31/2024
2292024321202410-Q 2/29/2024
113020231219202310-Q 11/30/2023
8312023920202310-Q 8/31/2023
5312023717202310-K 5/31/2023
2282023316202310-Q 2/28/2023
113020221220202210-Q 11/30/2022
8312022922202210-Q 8/31/2022
5312022718202210-K 5/31/2022
2282022317202210-Q 2/28/2022
113020211216202110-Q 11/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0DIETRICH JOHN WEVP CHIEF FINANCIAL OFF1072025Buy273.981,000273,9802,484,177Form
1LANE AMY B 12262024Buy276.0633391,92991,929Form

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