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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Fedex (FDX) Gross Margin (2016 - 2026)

Fedex's Gross Margin history spans 17 years, with the latest figure at 66.01% for Q4 2025.

  • For Q4 2025, Gross Margin fell 895.0% year-over-year to 66.01%; the TTM value through Nov 2025 reached 82.57%, up 225.0%, while the annual FY2025 figure was 85.21%, 36.0% down from the prior year.
  • Gross Margin for Q4 2025 was 66.01% at Fedex, down from 84.73% in the prior quarter.
  • Across five years, Gross Margin topped out at 120.1% in Q2 2023 and bottomed at 30.94% in Q1 2021.
  • The 5-year median for Gross Margin is 85.18% (2022), against an average of 82.88%.
  • The largest annual shift saw Gross Margin tumbled -8117bps in 2021 before it surged 5443bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 62.6% in 2021, then skyrocketed by 49bps to 93.02% in 2022, then grew by 11bps to 103.13% in 2023, then dropped by -27bps to 74.96% in 2024, then fell by -12bps to 66.01% in 2025.
  • Per Business Quant, the three most recent readings for FDX's Gross Margin are 66.01% (Q4 2025), 84.73% (Q3 2025), and 105.86% (Q2 2025).