Fedex (FDX) Net Margin (2009 - 2026)
Fedex's (FDX) quarterly Net Margin came in at 4.4% in Q1 2026, up 30.0% year-on-year from 3.38% in Q1 2025, and up 8.02% quarter-over-quarter from 4.07% in Q4 2025.
Fedex (FDX) Net Margin (2009 - 2026) Analysis & Trends
Fedex has disclosed Net Margin across 18 years of filings, most recently posting 4.4% for Q1 2026.
- Net Margin for Q1 2026 came in at 4.4%, up 30.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 4.88% (up 42.0% YoY), and the FY2025 annual result was 4.65%, down 28.0% from the prior year.
- Net Margin came in at 4.4% for Q1 2026 at Fedex, up from 4.07% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 7.42% in Q2 2025 to a low of 2.28% in Q2 2022.
- The 5-year median for Net Margin is 4.05% (2023), against an average of 4.42%.
- Across the five-year window, Net Margin tumbled 598 bps in 2022 and surged 472 bps in 2023, its largest moves.
- Fedex's Net Margin stood at 3.45% in 2022, then gained by 18 bps to 4.05% in 2023, then fell by 17 bps to 3.36% in 2024, then gained by 21 bps to 4.07% in 2025, then climbed by 8 bps to 4.4% in 2026.
- The last three Net Margin figures came in at 4.4% (Q1 2026), 4.07% (Q4 2025), and 3.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 4.08% |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 4.40% |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 4.63% |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 3.67% |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -12.71% |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 3.37% |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 0.15% |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | 15.95% |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 12.18% |
| 10 | Cryoport | 783.40 Mn | 379.76 Mn | 21.91 Mn | -26.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| May 31, 2021 | 8.26% |