Fedex (FDX) Tax Rate (2009 - 2026)
Fedex's Tax Rate was 24.21% in fiscal Q4 2026 (quarter ended May 31, 2026), down 1.66 percentage points from 25.87% a year earlier but up 7.82 percentage points from the prior quarter.
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Analysis
Fedex (FDX) Tax Rate (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Tax Rate at Fedex came in at 23.48%, down 1.32 percentage points from FY2025.
- Tax Rate has now declined for three consecutive fiscal years, though with a five-year change of +1.86 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was 24.79% in FY2025 (-0.99 pp), 25.79% in FY2024 (-0.15 pp), 25.94% in FY2023 (+4.08 pp) and 21.85% in FY2022 (+0.23 pp).
- Quarterly Tax Rate has moved between 16.39% (fiscal Q3 2026) and 27.73% (fiscal Q4 2023) over five years.
- Compared with a year earlier, Tax Rate was higher in three of the last eight quarters, with an average year-over-year change of -1.08 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q2 2022 (a gain of 11.55 percentage points); the worst was fiscal Q4 2022 (a drop of 10.09 percentage points).
- Per Business Quant data, FDX's Tax Rate in the three fiscal quarters before Q4 2026 was 16.39% (Q3 2026), 25.83% (Q2 2026) and 27.34% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 22.00% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 24.09% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 24.65% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 20.63% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 23.46% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 24.21% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 20.16% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 25.00% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | - |
| 10 | Copart | 25.20 Bn | 8.75 Bn | 732.88 Mn | 20.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 24.21% |
| Feb 28, 2026 | 16.39% |
| Nov 30, 2025 | 25.83% |
| Aug 31, 2025 | 27.34% |
| May 31, 2025 | 25.87% |
| Feb 28, 2025 | 23.03% |
| Nov 30, 2024 | 24.46% |
| Aug 31, 2024 | 24.81% |
| May 31, 2024 | 27.32% |
| Feb 29, 2024 | 25.70% |
| Nov 30, 2023 | 25.12% |
| Aug 31, 2023 | 24.24% |
| May 31, 2023 | 27.73% |
| Feb 28, 2023 | 24.56% |
| Nov 30, 2022 | 25.59% |
| Aug 31, 2022 | 24.18% |
| May 31, 2022 | 18.42% |
| Feb 28, 2022 | 19.13% |
| Nov 30, 2021 | 24.35% |
| Aug 31, 2021 | 23.68% |
API Access
Fedex Tax Rate 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=tax-rate&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();