Fedex (FDX) Tax Rate (2009 - 2026)

Fedex has disclosed Tax Rate across 18 years of filings, most recently posting 16.39% for Q1 2026.

• Tax Rate for Q1 2026 came in at 16.39%, down 664.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 24.12% (down 120.0% YoY), and the FY2025 annual result was 24.79%, down 99.0% from the prior year.
• Tax Rate came in at 16.39% for Q1 2026 at Fedex, down from 25.83% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 27.73% in Q2 2023 to a low of 16.39% in Q1 2026.
• The 5-year median for Tax Rate is 24.81% (2024), against an average of 24.1%.
• Across the five-year window, Tax Rate surged 2060 bps in 2022 and tumbled 664 bps in 2026, its largest moves.
• Fedex's Tax Rate stood at 25.59% in 2022, then dropped by 2 bps to 25.12% in 2023, then fell by 3 bps to 24.46% in 2024, then climbed by 6 bps to 25.83% in 2025, then plunged by 37 bps to 16.39% in 2026.
• The last three Tax Rate figures came in at 16.39% (Q1 2026), 25.83% (Q4 2025), and 27.34% (Q3 2025), per Business Quant data.