Fedex (FDX) Return on Invested Capital [ROIC] (2009 - 2026)
Fedex (FDX) recorded Return on Invested Capital [ROIC] of 7.44% in fiscal Q4 2026 (quarter ended May 31, 2026), down 0.78 percentage points from 8.22% a year earlier and down 0.86 percentage points from the prior quarter.
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Analysis
Fedex (FDX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Fedex reported Return on Invested Capital [ROIC] of 7.89%, down 0.25 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] has a five-year change of -2.87 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 8.14% in FY2025 (-0.60 pp), 8.74% in FY2024 (+0.82 pp), 7.92% in FY2023 (-2.89 pp) and 10.81% in FY2022 (+0.06 pp).
- The fiscal Q4 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q2 2021.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in three of the last eight quarters, with an average year-over-year change of -0.20 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 4.11 percentage points in fiscal Q1 2022, against a drop of 2.88 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 8.29% (Q3 2026), 8.56% (Q2 2026) and 8.15% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | 15.51% |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | 11.65% |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | 5.85% |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | 9.62% |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | 12.85% |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | 7.44% |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | 11.82% |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | 24.14% |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | 9.15% |
| 10 | Ryanair Holdings | 28.73 Bn | 12.74 Bn | 3.13 Bn | 20.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 7.44% |
| Feb 28, 2026 | 8.29% |
| Nov 30, 2025 | 8.56% |
| Aug 31, 2025 | 8.15% |
| May 31, 2025 | 8.22% |
| Feb 28, 2025 | 7.97% |
| Nov 30, 2024 | 7.78% |
| Aug 31, 2024 | 8.01% |
| May 31, 2024 | 8.75% |
| Feb 29, 2024 | 8.69% |
| Nov 30, 2023 | 8.35% |
| Aug 31, 2023 | 8.24% |
| May 31, 2023 | 7.94% |
| Feb 28, 2023 | 9.11% |
| Nov 30, 2022 | 9.79% |
| Aug 31, 2022 | 10.44% |
| May 31, 2022 | 10.82% |
| Feb 28, 2022 | 10.18% |
| Nov 30, 2021 | 9.70% |
| Aug 31, 2021 | 9.83% |
API Access
Fedex Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();