Fedex (FDX) FCF Margin (2009 - 2026)
Fedex's (FDX) quarterly FCF Margin came in at 4.32% in Q1 2026, down 26.0% year-on-year from 5.84% in Q1 2025, and down 14.99% quarter-over-quarter from 5.09% in Q4 2025.
Fedex (FDX) FCF Margin (2009 - 2026) Analysis & Trends
Fedex has disclosed FCF Margin across 18 years of filings, most recently posting 4.32% for Q1 2026.
- FCF Margin for Q1 2026 came in at 4.32%, down 26.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 4.75% (up 85.0% YoY), and the FY2025 annual result was 3.39%, down 19.0% from the prior year.
- FCF Margin came in at 4.32% for Q1 2026 at Fedex, down from 5.09% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 7.72% in Q2 2023 to a low of 1.49% in Q4 2022.
- The 5-year median for FCF Margin is 4.34% (2023), against an average of 3.71%.
- Across the five-year window, FCF Margin surged 361 bps in 2023 and slumped 344 bps in 2024, its largest moves.
- Fedex's FCF Margin stood at 1.49% in 2022, then surged by 242 bps to 2.12% in 2023, then rose by 8 bps to 2.28% in 2024, then soared by 124 bps to 5.09% in 2025, then decreased by 15 bps to 4.32% in 2026.
- The last three FCF Margin figures came in at 4.32% (Q1 2026), 5.09% (Q4 2025), and 4.91% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 5.63% |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 4.33% |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 10.87% |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 1.64% |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | 9.47% |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 6.18% |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | -1.03% |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 20.91% |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 5.93% |
| 10 | Cryoport | 783.40 Mn | 379.76 Mn | 21.91 Mn | -13.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 4.33% |
| Nov 30, 2025 | 5.09% |
| Aug 31, 2025 | 4.91% |
| May 31, 2025 | 4.71% |
| Feb 28, 2025 | 4.58% |
| Nov 30, 2024 | 2.28% |
| Aug 31, 2024 | 1.95% |
| May 31, 2024 | 6.77% |
| Feb 29, 2024 | 1.06% |
| Nov 30, 2023 | 2.12% |
| Aug 31, 2023 | 4.34% |
| May 31, 2023 | 7.72% |
| Feb 28, 2023 | 4.50% |
| Nov 30, 2022 | -1.49% |
| Aug 31, 2022 | 1.39% |
| May 31, 2022 | 4.58% |
| Feb 28, 2022 | 4.28% |
| Nov 30, 2021 | 1.81% |
| Aug 31, 2021 | 2.34% |
| May 31, 2021 | 4.70% |