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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 18 years, with the latest figure at 85.38% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 7.0% to 85.38% in Q1 2026 year-over-year; TTM through Feb 2026 was 65.88%, a 1011.0% decrease, with the full-year FY2025 number at 75.24%, down 90.0% from a year prior.
  • Gross Margin hit 85.38% in Q1 2026 for Fedex, roughly flat from 85.04% in the prior quarter.
  • Over the last five years, Gross Margin for FDX hit a ceiling of 149.82% in Q2 2023 and a floor of 15.14% in Q2 2025.
  • Historically, Gross Margin has averaged 82.02% across 5 years, with a median of 85.04% in 2025.
  • Biggest five-year swings in Gross Margin: skyrocketed 8021bps in 2022 and later crashed -10165bps in 2024.
  • Tracing FDX's Gross Margin over 5 years: stood at 84.97% in 2022, then dropped by -11bps to 75.66% in 2023, then increased by 13bps to 85.43% in 2024, then decreased by 0bps to 85.04% in 2025, then increased by 0bps to 85.38% in 2026.
  • Business Quant data shows Gross Margin for FDX at 85.38% in Q1 2026, 85.04% in Q4 2025, and 75.33% in Q3 2025.