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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Fedex (FDX) Operating Margin (2016 - 2026)

Fedex (FDX) has disclosed Operating Margin for 18 consecutive years, with 5.62% as the latest value for Q1 2026.

  • Quarterly Operating Margin fell 21.0% to 5.62% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 6.21% through Feb 2026, up 54.0% year-over-year, with the annual reading at 5.93% for FY2025, 41.0% down from the prior year.
  • Operating Margin hit 5.62% in Q1 2026 for Fedex, down from 5.87% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 8.07% in Q2 2025 to a low of 4.7% in Q1 2023.
  • Historically, Operating Margin has averaged 5.95% across 5 years, with a median of 5.72% in 2024.
  • Biggest five-year swings in Operating Margin: skyrocketed 172bps in 2023 and later plummeted -184bps in 2024.
  • Year by year, Operating Margin stood at 5.15% in 2022, then increased by 12bps to 5.76% in 2023, then dropped by -17bps to 4.79% in 2024, then rose by 23bps to 5.87% in 2025, then fell by -4bps to 5.62% in 2026.
  • Business Quant data shows Operating Margin for FDX at 5.62% in Q1 2026, 5.87% in Q4 2025, and 5.33% in Q3 2025.