FedEx Corp. (FDX): price, analyst ratings, earnings and fundamentals
Updated 30 October 2026, 21:45 ET
FedEx Corp. (FDX) closed at $313.28 on 30 October 2026, up 1.8%. The stock is up 9.1% over one month and up 25.5% over one year. It trades 24.3% below its 52-week high of $413.87. Analysts recorded 8 actions in the last 90 days; the median price target of $355 is 13.3% above the last close. The company last reported on 28 October 2026 for Q3 2026: EPS of $3.74 against an estimate of $3.36, a beat of 11.3%, on revenue of $22.9 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open FDX in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 8 analyst actions on FDX from 5 firms: 8 maintained or reiterated a view. Price targets were 4 raised and 4 lowered. The most recent targets from 12 firms range from $160 to $425, with a median of $355, 13.3% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 29 Oct 2026 | JP Morgan | Maintains Overweight | $399.00 to $400.00 |
| 27 Oct 2026 | B of A Securities | Maintains Buy | $378.00 to $359.00 |
| 7 Oct 2026 | Citigroup | Maintains Buy | $359.00 to $373.00 |
| 7 Oct 2026 | Truist Securities | Maintains Buy | $365.00 to $350.00 |
| 5 Oct 2026 | JP Morgan | Maintains Overweight | $400.00 to $399.00 |
| 28 Sep 2026 | Evercore ISI Group | Maintains In-Line | $350.00 to $351.00 |
| 9 Sep 2026 | Evercore ISI Group | Maintains In-Line | $323.00 to $350.00 |
| 8 Sep 2026 | JP Morgan | Maintains Overweight | $460.00 to $400.00 |
| 15 Jul 2026 | Citizens | Initiates Coverage On Market Outperform | $375.00 |
| 25 Jun 2026 | Truist Securities | Maintains Buy | $425.00 to $365.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 17 December 2026 after the close for Q4 2026, with EPS expected at $6.25 on revenue of $25.3 billion. FedEx Corp. beat the EPS estimate in 7 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q3 2026 | 28 Oct 2026 | $3.36 | $3.74 | +11.31% | $22.9B |
| Q4 2026 | 23 Jun 2026 | $5.94 | $6.31 | +6.23% | $25.0B |
| Q3 2026 | 19 Mar 2026 | $4.13 | $5.25 | +27.12% | $24.0B |
| Q2 2026 | 18 Dec 2025 | $4.09 | $4.82 | +17.85% | $23.5B |
| Q1 2026 | 18 Sep 2025 | $3.63 | $3.83 | +5.51% | $22.2B |
| Q4 2025 | 24 Jun 2025 | $5.86 | $6.07 | +3.58% | $22.2B |
| Q3 2025 | 20 Mar 2025 | $4.54 | $4.51 | -0.66% | $22.2B |
| Q2 2025 | 19 Dec 2024 | $3.91 | $4.05 | +3.58% | $22.0B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 September 2026, FedEx Corp. reported revenue of $22.9 billion and net income of $290.0 million. On a trailing twelve month basis the company shows revenue growth of 11.94%, a gross margin of 10.21%, an operating margin of 5.72% and a return on equity of -2.02%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $22,855,000,000 |
| Depreciation & Amortization | $967,000,000 |
| Total Operating Expenses | $21,788,000,000 |
| Operating Profit | $1,067,000,000 |
| Pre-tax Income | $424,000,000 |
| Income Tax Expense | $134,000,000 |
| Net Income | $290,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Stock-based Compensation | $37,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $7,961,000,000 |
| Restricted Cash | $3,680,000,000 |
| Short-term Investments | $3,254,000,000 |
| Prepaid Expenses | $2,256,000,000 |
| Total Current Assets | $25,003,000,000 |
| Plant, Property & Equipment, Net | $39,686,000,000 |
| Operating Lease Right-of-Use Assets | $14,407,000,000 |
| Goodwill Intangible Assets, Net | $11,482,000,000 |
| Deferred Tax Asset | $8,018,000,000 |
| Other Long-term Assets | $5,435,000,000 |
| Total Assets | $92,926,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Accounts Payable & Accrued Expenses | $6,959,000,000 |
| Total Short-term Debt | $2,966,000,000 |
| Operating Lease Liabilities, Current | $2,511,000,000 |
| Deferred Liability Charges | $17,000,000 |
| Total Current Liabilities | $18,840,000,000 |
| Long-term Debt | $19,355,000,000 |
| Operating Lease Liabilities, Long-term | $12,262,000,000 |
| Finance Lease Liabilities | $1,888,000,000 |
| Deferred Income Taxes | $3,011,000,000 |
| Other Liabilities | $2,621,000,000 |
| Total Liabilities | $58,358,000,000 |
| Common Stock | $32,000,000 |
| Retained Earnings | $49,677,000,000 |
| Treasury Stock | -$18,236,000,000 |
| Other Accumulated Comprehensive Income | -$1,766,000,000 |
| Total Stockholders Equity | $34,568,000,000 |
| Total Liability & Stockholders Equity | $92,926,000,000 |
Figures as filed with the SEC for the period ended 30 September 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 0.60 | 65th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 1.33 | 54th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.24 | 69th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.64 | 66th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Operational Leverage | 0.74 | 54th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
| Long Term Debt/Long Term Capital | 0.36 | 46th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
| Long Term Debt/Total Capital | 0.35 | 49th | Calculated as (Short-Term Debt + Long-Term Debt / (Short-Term Debt + Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | 8.8% | 63rd | The EBIT growth rate over the trailing twelve months (TTM) |
| EBIT Pct Growth 3 year CAGR | 2.2% | 44th | The EBIT compound annual growth rate (CAGR) over the past 3 years |
| EBIT Pct Growth 5 year CAGR | -0.4% | 60th | The Adjusted EBIT compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth | 7.1% | 66th | The EBITDA growth rate over the trailing twelve months (TTM) |
| EBITDA Pct Growth 3 year CAGR | 5.2% | 41st | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
| EBITDA Pct Growth 5 year CAGR | 4.4% | 22nd | The EBITDA compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Gross Margin Pct | 10.2% | 12th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 5.7% | 55th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | 8.8% | 52nd | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | 2.2% | 47th | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | -0.4% | 45th | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 0.6% | 42nd | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | -0.7% | 47th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | -2.0% | 42nd | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 8.0% | 67th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 11.9% | 65th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 3.1% | 43rd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 2.3% | 32nd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 23.1% | 76th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open FDX in FundSpec.
Insider activity
In the last 90 days insiders filed 8 transactions: 1 acquisition covering 1,489 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 2,436 shares by Joshua Cooper Ramo, Director on 24 September 2026, worth about $695,247 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 24 Sep 2026 | Joshua Cooper Ramo | Director | F | 2,436 | $285.40 | $695K |
| 24 Sep 2026 | Joshua Cooper Ramo | Director | M | 5,042 | $137.85 | $695K |
| 24 Sep 2026 | Joshua Cooper Ramo | Director | M | 5,042 | ||
| 28 Aug 2026 | Marvin R Ellison | Director | F | 2,097 | $331.44 | $695K |
| 28 Aug 2026 | Marvin R Ellison | Director | M | 5,042 | $137.85 | $695K |
| 28 Aug 2026 | Marvin R Ellison | Director | M | 5,042 | ||
| 17 Aug 2026 | Vishal Talwar | EVP CDIO & PRESIDENT FDW | Acquisition | 1,489 | ||
| 7 Aug 2026 | Richard W Smith | Director, COO INTL - CEO Airline FEC | J | 253,927 | ||
| 30 Jun 2026 | Paul S Walsh | Director | S | 5,042 | $324.56 | $1.6M |
| 30 Jun 2026 | Paul S Walsh | Director | M | 5,042 | $137.85 | $695K |
| 30 Jun 2026 | Paul S Walsh | Director | M | 5,042 | ||
| 25 Jun 2026 | Rajesh Subramaniam | Director, President/CEO | Acquisition | 14,591 | ||
| 25 Jun 2026 | Vishal Talwar | EVP CDIO & PRESIDENT FDW | Acquisition | 4,734 | ||
| 25 Jun 2026 | Vishal Talwar | EVP CDIO & PRESIDENT FDW | Acquisition | 3,567 | ||
| 25 Jun 2026 | Vishal Talwar | EVP CDIO & PRESIDENT FDW | Acquisition | 3,478 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 28 October 2026.
| Filed | Form | Document |
|---|---|---|
| 28 Oct 2026 | 10-Q | View on sec.gov |
| 20 Jul 2026 | 10-K | View on sec.gov |
| 19 Mar 2026 | 10-Q | View on sec.gov |
| 18 Dec 2025 | 10-Q | View on sec.gov |
| 18 Sep 2025 | 10-Q | View on sec.gov |
| 21 Jul 2025 | 10-K | View on sec.gov |
| 20 Mar 2025 | 10-Q | View on sec.gov |
| 19 Dec 2024 | 10-Q | View on sec.gov |
| 19 Sep 2024 | 10-Q | View on sec.gov |
| 15 Jul 2024 | 10-K | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Air Transportation
- Industry
- Transportation
- Headquarters
- Memphis, Tennessee
- Chief executive
- Rajesh Subramaniam
- Employees
- 249,000
- Website
- fedex.com
- SEC CIK
- 0001048911
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services. FedEx Ground segment provides day-certain delivery services to businesses and residences. FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection.
Sector and peers
FedEx Corp. is part of the Air Transportation sector, which FundSpec tracks across 21 companies.
Companies in the same industry by market capitalization:
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for FDX are available to subscribers, with the same screen in the iOS and Android apps.
Open FDX in FundSpec