KPIs & Operating Metrics(New)
Growth Metrics

Fedex (FDX) Net Margin (2016 - 2026)

Fedex's Net Margin history spans 18 years, with the latest figure at 4.4% for Q1 2026.

  • On a quarterly basis, Net Margin rose 30.0% to 4.4% in Q1 2026 year-over-year; TTM through Feb 2026 was 4.88%, a 42.0% increase, with the full-year FY2025 number at 4.65%, down 28.0% from a year prior.
  • Net Margin hit 4.4% in Q1 2026 for Fedex, up from 4.07% in the prior quarter.
  • Over the last five years, Net Margin for FDX hit a ceiling of 7.42% in Q2 2025 and a floor of 2.28% in Q2 2022.
  • Historically, Net Margin has averaged 4.42% across 5 years, with a median of 4.05% in 2023.
  • Biggest five-year swings in Net Margin: plummeted -598bps in 2022 and later skyrocketed 472bps in 2023.
  • Tracing FDX's Net Margin over 5 years: stood at 3.45% in 2022, then increased by 18bps to 4.05% in 2023, then dropped by -17bps to 3.36% in 2024, then increased by 21bps to 4.07% in 2025, then grew by 8bps to 4.4% in 2026.
  • Business Quant data shows Net Margin for FDX at 4.4% in Q1 2026, 4.07% in Q4 2025, and 3.7% in Q3 2025.