Fedex (FDX) Tax Rate (2009 - 2026)

Fedex (FDX) posted Tax Rate of 24.21% for Q2 2026, up 47.69% sequentially from 16.39% in Q1 2026, and down 166.0% YoY from 36.67% in Q2 2025.

Fedex (FDX) Tax Rate (2009 - 2026) Analysis & Trends

Fedex has reported Tax Rate for 18 years, with the latest figure at 24.21% in Q2 2026.

Quarterly Tax Rate fell 166.0% year-over-year to 24.21% in Q2 2026, while the trailing twelve-month figure through May 2026 was 23.48% (down 132.0% YoY) and the FY2026 annual result came in at 23.48%, down 132.0% from the prior year.
Tax Rate rose to 24.21% in Q2 2026 per FDX's latest filing, from 16.39% in the prior quarter.
Over five years, Tax Rate peaked at 27.73% in Q2 2023 and troughed at 142.4% in Q2 2022.
A 5-year average of 15.17% and a median of 24.69% in 2023 frame the typical range for Tax Rate.
The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 11335 bps in 2022, then jumped 17012 bps in 2023.
Over 5 years, Tax Rate stood at 25.59% in 2022, then fell by 2 bps to 25.12% in 2023, then decreased by 3 bps to 24.46% in 2024, then increased by 6 bps to 25.83% in 2025, then declined by 6 bps to 24.21% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 24.21%, 16.39%, and 25.83% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	United Parcel Service	86.89 Bn	82.23 Bn	19.65 Bn	20.63%
2	Fedex	77.23 Bn	63.91 Bn	18.84 Bn	24.21%
3	Hunt J B Transport Services	25.91 Bn	25.90 Bn	-	25.40%
4	Expeditors International Of Washington	24.62 Bn	23.58 Bn	1.09 Bn	25.44%
5	ZTO Express (Cayman)	17.03 Bn	12.62 Bn	469.01 Mn	-21.36%
6	C. H. Robinson Worldwide	16.77 Bn	16.62 Bn	1.11 Bn	21.47%
7	Landstar System	6.33 Bn	5.98 Bn	308.86 Mn	25.17%
8	GXO Logistics	5.25 Bn	4.48 Bn	508.00 Mn	43.75%
9	Pitney Bowes	2.24 Bn	1.96 Bn	296.14 Mn	23.79%
10	Cryoport	867.62 Mn	470.92 Mn	22.82 Mn	-6.52%

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