FedEx Corporation FDX
285.85
6.31
2.26%
as of 25 Sep
- Market cap
- $67.6B
- P/E
- 15.3×
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FedEx Corporation (FDX) Gross margin
FedEx Corporation's gross margin over the twelve months to 31 May 2026 was 70.8%. Over the past ten years it has ranged from 68.7% (fiscal 2022) to 75.5% (fiscal 2016); the current reading is higher than 58% of that period. That is above the Integrated Freight & Logistics industry median of 26.3% and above the Industrials sector median of 30.5%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 70.8% | (0.16) |
| FY2025 | 71.0% | 0.18 |
| FY2024 | 70.8% | 1.49 |
| FY2023 | 69.3% | 0.54 |
| FY2022 | 68.7% | (2.01) |
| FY2021 | 70.8% | 0.54 |
| FY2020 | 70.2% | (0.31) |
| FY2019 | 70.5% | (1.25) |
| FY2018 | 71.8% | (1.04) |
| FY2017 | 72.8% | (2.64) |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| May 2026 | 69.6% | (1.46) |
| Feb 2026 | 71.1% | (0.06) |
| Nov 2025 | 71.1% | (0.26) |
| Aug 2025 | 71.4% | (0.59) |
| 42 more quarters | Free account |
Against its own ten years
Low 68.7%
High 75.5%
Ten-year median
70.8%
Current reading's percentile
58
Gross margin against peers
| Company | Gross margin |
|---|---|
| UPS United Parcel Service, Inc. compare | 78.4% |
| FDX FedEx Corporation | 70.8% |
| PBI Pitney Bowes Inc. compare | 54.1% |
| JBHT J.B. Hunt Transport Services, Inc. compare | 44.2% |
| EXPD Expeditors International of Washington, Inc. compare | 32.7% |
| ZTO ZTO Express (Cayman) Inc. compare | 25.1% |
| LSTR Landstar System, Inc. compare | 22.3% |
| CHRW C.H. Robinson Worldwide, Inc. compare | 16.3% |
| GXO GXO Logistics, Inc. compare | 15.3% |
| Integrated Freight & Logistics industry median | 26.3% |
| Industrials sector median | 30.5% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on FDX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement