Fedex (FDX) Gross Margin (2009 - 2026)

Fedex has disclosed Gross Margin across 18 years of filings, most recently posting 75.35% for Q2 2026.

• In Q2 2026, Gross Margin fell 53.0% year-over-year to 75.35%; the TTM figure through May 2026 stood at 75.06% (down 18.0% YoY), while the FY2026 annual figure was 75.06%, down 18.0% from the prior year.
• Gross Margin came in at 75.35% for Q2 2026 at Fedex, up from 74.65% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 77.4% in Q2 2023 to a low of 73.47% in Q1 2022.
• Average Gross Margin over 5 years is 75.46%, with a median of 75.38% recorded in 2024.
• Year-over-year, Gross Margin surged 216 bps in 2023 and slumped 122 bps in 2024.
• Over 5 years, Gross Margin stood at 75.17% in 2022, then climbed by 1 bps to 75.66% in 2023, then decreased by 1 bps to 74.96% in 2024, then decreased by 0 bps to 74.92% in 2025, then climbed by 1 bps to 75.35% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 75.35% in Q2 2026, 74.65% in Q1 2026, and 74.92% in Q4 2025.