Fedex (FDX) Net Margin (2009 - 2026)

Fedex (FDX) posted Net Margin of 6.39% for Q2 2026, up 45.14% sequentially from 4.4% in Q1 2026, and down 103.0% YoY from 212.87% in Q2 2025.

Fedex (FDX) Net Margin (2009 - 2026) Analysis & Trends

Fedex has reported Net Margin for 18 years, with the latest figure at 6.39% in Q2 2026.

Quarterly Net Margin fell 103.0% year-over-year to 6.39% in Q2 2026, while the trailing twelve-month figure through May 2026 was 4.68% (up 3.0% YoY) and the FY2026 annual result came in at 4.68%, up 3.0% from the prior year.
Net Margin grew to 6.39% in Q2 2026 per FDX's latest filing, from 4.4% in the prior quarter.
Over five years, Net Margin peaked at 7.42% in Q2 2025 and troughed at 2.28% in Q2 2022.
A 5-year average of 4.53% and a median of 4.06% in 2025 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2023: Net Margin tumbled 598 bps in 2022, then jumped 472 bps in 2023.
Over 5 years, Net Margin stood at 3.45% in 2022, then climbed by 18 bps to 4.05% in 2023, then decreased by 17 bps to 3.36% in 2024, then climbed by 21 bps to 4.07% in 2025, then surged by 57 bps to 6.39% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 6.39%, 4.4%, and 4.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	United Parcel Service	87.24 Bn	82.59 Bn	19.65 Bn	2.65%
2	Fedex	77.35 Bn	64.04 Bn	18.84 Bn	6.39%
3	Hunt J B Transport Services	25.86 Bn	25.86 Bn	-	5.18%
4	Expeditors International Of Washington	24.43 Bn	23.40 Bn	1.09 Bn	7.63%
5	C. H. Robinson Worldwide	17.04 Bn	16.89 Bn	1.11 Bn	3.79%
6	ZTO Express (Cayman)	17.03 Bn	12.62 Bn	469.01 Mn	15.95%
7	Landstar System	6.19 Bn	5.84 Bn	308.86 Mn	3.42%
8	GXO Logistics	5.22 Bn	4.45 Bn	508.00 Mn	0.78%
9	Pitney Bowes	2.21 Bn	1.93 Bn	296.14 Mn	11.05%
10	Cryoport	842.14 Mn	445.45 Mn	22.82 Mn	-20.94%

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