Latest revenue
$24.00B
as of 2026-02-28
Latest net income
$1.06B
as of 2026-02-28
Net margin
4.4%
as of 2026-02-28
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Air Courier Services (4 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think FDX is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $79.02B
- Enterprise value
- $96.57B
- P/E (trailing)
- 19.3×
- Forward P/E
- —
- P/B
- 2.65×
- Dividend yield
- 26.0%
- 52-wk high
- $413.87
- 52-wk low
- $216.10
- Beta
- —
- Shares out
- 238.6M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
FedEx moves packages and freight worldwide, running the largest express air-ground delivery network plus a major North American less-than-truckload trucking arm. It earns revenue primarily from shipping fees on express parcels, ground small-package delivery, and LTL freight, generating $69.7 billion over the past nine months. The company is executing a major restructuring, incurring $460 million in separation costs as it prepares to spin off FedEx Freight into a standalone public company.
Generated from FDX's filing dated 2024-07-15
Key risks
- Debt rising: long-term debt grew to $22.8B from $19.2B, with $4.69B new issuances and $2.42B current maturities due.
- Credit deterioration: provision for uncollectible accounts nearly doubled to $694M (vs. $382M), with allowances up to $932M from $773M.
- Spinoff/restructuring drag: $460M separation costs and $162M business optimization costs YTD; $3.68B restricted cash signals pending Freight separation.
Generated from FDX's filing dated 2024-07-15
Profitability
Operating margin
5.9%
6.4%Net margin
4.7%
5.8%Return on equity
14.6%
7.2%Return on assets
4.7%
6.2%Leverage
Debt / equity
2.12×
1.5%Long-term debt / equity
0.68×
6.6%Debt / assets
68.0%
0.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-28 | $24.00B | +8.3% | $1.06B | +16.2% | 4.4% |
Q4 2025 2025-11-30 | $23.47B | +6.8% | $956.0M | +29.0% | 4.1% |
Q3 2025 2025-08-31 | $22.24B | +3.1% | $824.0M | +3.8% | 3.7% |
Q2 2025 2025-05-31 | $22.22B | +0.5% | $1.65B | +11.8% | 7.4% |
Q1 2025 2025-02-28 | $22.16B | +1.9% | $909.0M | +3.4% | 4.1% |
Q4 2024 2024-11-30 | $21.97B | -0.9% | $741.0M | -17.7% | 3.4% |
Q3 2024 2024-08-31 | $21.58B | -0.5% | $794.0M | -26.3% | 3.7% |
Q2 2024 2024-05-31 | $22.11B | — | $1.47B | — | 6.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Air Courier Services · SIC 4513
Your notes
Keep private notes on FDX — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$21.7M
Net activity
−$21.7M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FDX
Institutional value
$23.64B
Total shares held
68.4M
Distinct holders
761
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 13.9M | $4.95B | — | New |
| 2 | PRIMECAP MANAGEMENT CO/CA/ | 8.3M | $2.96B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.1M | $2.55B | — | New |
| 4 | Invesco Ltd. | 3.2M | $1.15B | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $936.7M | — | New |
| 6 | Bank of New York Mellon Corp | 2.1M | $760.3M | — | New |
| 7 | Boston Partners | 2.0M | $704.0M | — | New |
| 8 | Legal & General Group Plc | 1.5M | $529.7M | — | New |
| 9 | Nuveen, LLC | 1.5M | $520.5M | — | New |
| 10 | WADDELL & ASSOCIATES, LLC | 1.4M | $499.4M | — | New |
| 11 | VANGUARD FIDUCIARY TRUST CO | 1.2M | $432.1M | — | New |
| 12 | ACR Alpine Capital Research, LLC | 1.1M | $400.2M | — | New |
| 13 | UBS Group AG | 1.1M | $398.1M | — | New |
| 14 | Allianz Asset Management GmbH | 863.0K | $307.4M | — | New |
| 15 | Swiss National Bank | 655.6K | $233.5M | — | New |
| 16 | DEUTSCHE BANK AG\ | 646.0K | $230.1M | — | New |
| 17 | National Pension Service | 642.3K | $228.8M | — | New |
| 18 | WELLS FARGO & COMPANY/MN | 588.2K | $209.5M | — | New |
| 19 | Sumitomo Mitsui Trust Group, Inc. | 550.5K | $196.1M | — | New |
| 20 | Vanguard Global Advisers, LLC | 497.7K | $177.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Provision for uncollectible accounts nearly doubled to $694M from $382M—what specific customer segments are deteriorating, and is this a leading indicator?
- 2
Long-term debt rose $3.7B and you're holding $3.68B restricted cash—what's the use of proceeds and is this funding the FedEx Freight spin?
- 3
Operating margin only expanded ~30bps to 5.6% despite $460M separation costs and $162M optimization spend—when does DRIVE actually show through?
Refreshed when FDX files a new report · last from 2024-07-15
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