FedEx Corporation (FDX) Stock Analysis
Industrials · Integrated Freight & Logistics · NYSE
FedEx Corporation (FDX) posted $94.72B in revenue for fiscal 2026 (up 7.7% year over year), at a 4.7% net margin, and has compounded revenue about 2.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on FedEx Corporation
FedEx Corporation has grown revenue from $60.32B to $94.72B over the last 10 fiscal years, compounding about 2.4% a year. The most recent year was up 7.7%, so growth is actually accelerating.
Net margin sits at 4.7%. It carries about $24.20B of total debt.
At today's valuation the market is pricing in roughly 3% annual free-cash-flow growth — versus the 3.8% it actually delivered over the last five years, broadly in line with what it has delivered.
Synthesised from FedEx Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
FedEx Corporation revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.32B | $65.45B | $69.69B | $69.22B | $83.96B | $93.51B | $90.16B | $87.69B | $87.93B | $94.72B |
| Gross profit | $46.69B | $50.35B | $53.04B | — | — | — | — | — | — | — |
| Net income | $3.00B | $4.57B | $540.00M | $1.29B | $5.23B | $3.83B | $3.97B | $4.33B | $4.09B | $4.43B |
| Net margin | 5.0% | 7.0% | 0.8% | 1.9% | 6.2% | 4.1% | 4.4% | 4.9% | 4.7% | 4.7% |
Source: FedEx Corporation SEC filings (10-K). 19 years of history available in the interactive view.
FedEx Corporation: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into FDX stock?
At today's market cap of $72.73B, FedEx Corporation is priced for free-cash-flow growth of about 3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $5.12B from the FY ending 2026-05-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 2.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of FedEx Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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FedEx Corporation financial history by metric
Compare FedEx Corporation with peers
About FedEx Corporation
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. The company operates through two segments, Express U.S. Domestic and Express International. It provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, Wi-Fi, corporate print solutions, shredding, U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean cargo transportation, specialty transportation, customs brokerage, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.
FedEx Corporation — frequently asked questions
What is FedEx Corporation's revenue?
FedEx Corporation (FDX) reported revenue of $94.72B for fiscal year 2026, up 7.7% from the prior year, according to its SEC filings.
Is FedEx Corporation profitable?
Yes. FDX earned net income of $4.43B in fiscal 2026, a net margin of 4.7%.
What is FDX's P/E ratio?
FedEx Corporation trades at a price-to-earnings ratio of about 16.6 based on the latest data in our nightly-refreshed cache.
How fast is FedEx Corporation growing?
FDX's revenue grew at roughly 2.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does FedEx Corporation have?
As of fiscal year 2026, FDX carried roughly $24.20B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is FedEx Corporation's market cap?
FedEx Corporation (FDX) has a market capitalization of about $72.73B, based on the latest data in our nightly-refreshed cache.
When does FedEx Corporation's fiscal year end?
FDX's fiscal year ends in May. Its most recent annual filing covers the fiscal year ending 2026-05-31.
What growth is priced into FDX stock?
At today's market cap of $72.73B, FedEx Corporation is priced for free-cash-flow growth of about 3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $5.12B from the FY ending 2026-05-31). For comparison, free cash flow actually grew 3.8%/yr over the last five fiscal years and revenue 2.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from FedEx Corporation's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.