Fedex (FDX) Net Margin (2009 - 2026)
Fedex's Net Margin came in at 6.39% for fiscal Q4 2026 (quarter ended May 31, 2026), down 1.03 percentage points from 7.42% a year earlier but up 1.99 percentage points from the prior quarter.
Powered by 
Analysis
Fedex (FDX) Net Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Fedex's Net Margin was 4.68%, up 0.03 percentage points from FY2025.
- Net Margin carries a five-year change of -1.54 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 4.65% in FY2025 (-0.28 pp), 4.93% in FY2024 (+0.53 pp), 4.40% in FY2023 (+0.32 pp) and 4.08% in FY2022 (-2.13 pp).
- The five-year range for quarterly Net Margin is 2.28% (fiscal Q4 2022) to 7.42% (fiscal Q4 2025).
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of -0.14 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2023 (a gain of 4.72 percentage points), and the weakest in fiscal Q4 2022 (a drop of 5.98 percentage points).
- Business Quant data shows FDX's Net Margin at 4.40% (Q3 2026), 4.07% (Q2 2026) and 3.70% (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - | 28.85% |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - | 26.19% |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - | 5.09% |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - | 21.74% |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - | 6.39% |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - | 21.53% |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - | 3.75% |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - | 5.76% |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - | 21.61% |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 6.39% |
| Feb 28, 2026 | 4.40% |
| Nov 30, 2025 | 4.07% |
| Aug 31, 2025 | 3.70% |
| May 31, 2025 | 7.42% |
| Feb 28, 2025 | 4.10% |
| Nov 30, 2024 | 3.36% |
| Aug 31, 2024 | 3.67% |
| May 31, 2024 | 6.66% |
| Feb 29, 2024 | 4.04% |
| Nov 30, 2023 | 4.05% |
| Aug 31, 2023 | 4.97% |
| May 31, 2023 | 7.00% |
| Feb 28, 2023 | 3.47% |
| Nov 30, 2022 | 3.45% |
| Aug 31, 2022 | 3.76% |
| May 31, 2022 | 2.28% |
| Feb 28, 2022 | 4.70% |
| Nov 30, 2021 | 4.44% |
| Aug 31, 2021 | 5.04% |
API Access
Fedex Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "FDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();