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FEDEX CORP FDX

NYSE · stock · Air Courier Services · website · IPO 1978-12-28 · LEI

FEDEX CORP statistics & valuation

Market cap$76.0B
P / E17.1×
P / S0.8×
P / B2.4×
Dividend yield1.81%
Net margin4.7%
Return on equity14.0%
Net debt$10.1B
Net debt / EBITDA1×
Enterprise value USD$86.1B
EV / EBITDA8.8×
Earnings yield EBIT/EV6.3%
Return on capital6.8%
Graham number -28.1%$235.09

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($235.09); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.00% 7.00% 0.80% 1.90% 6.20% 4.10% 4.40% 4.90% 4.70% 4.70% 2017201820192020202120222023202420252026
Gross margin (%)
2017201820192020202120222023202420252026
Operating margin (%)
7.60% 6.50% 6.40% 3.50% 7.00% 6.70% 5.40% 6.30% 5.90% 5.80% 2017201820192020202120222023202420252026
Return on equity (%)
18.60% 23.50% 3.00% 7.00% 21.60% 15.30% 15.20% 15.70% 14.60% 14.00% 2017201820192020202120222023202420252026
Shares outstanding
270.0M 272.0M 265.0M 262.0M 268.0M 266.0M 256.0M 251.0M 243.0M 239.0M 2017201820192020202120222023202420252026
Net debt ($)
$10.91B $13.24B $15.20B $16.64B $12.34B $12.90B $12.92B $13.27B $14.40B $10.14B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
6.20% 8.70% 1.00% 1.70% 6.30% 4.40% 4.60% 5.00% 4.70% 4.50% 2017201820192020202120222023202420252026
Free cash flow margin (%)
2017201820192020202120222023202420252026
Debt / equity (×)
0.93× 0.85× 0.99× 1.18× 0.80× 0.79× 0.76× 0.72× 0.71× 0.74× 2017201820192020202120222023202420252026
EPS ($)
$11.07 $16.79 $2.03 $4.90 $19.45 $14.33 $15.48 $17.21 $16.81 $18.55 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FEDEX CORP trades at about 17.6× earnings — above its 10-year norm (10-year range 10.9×–65.2×, median 14×).

10.9× 65.2×

Shaded band = 10-year range (10.9×–65.2×); dot = today's 17.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin5.8%5.9%6.3%5.4%6.7%7.0%3.5%6.4%6.5%7.6%
Net margin4.7%4.7%4.9%4.4%4.1%6.2%1.9%0.8%7.0%5.0%
Return on assets4.5%4.7%5.0%4.6%4.4%6.3%1.7%1.0%8.7%6.2%
Return on equity14.0%14.6%15.7%15.2%15.3%21.6%7.0%3.0%23.5%18.6%
Debt / equity0.74×0.71×0.72×0.76×0.79×0.80×1.18×0.99×0.85×0.93×
Current ratio1.481.191.361.371.431.511.581.451.391.59

Computed from company filings · US · as of 2025-05-31. Facts plus Stocktoria's own computed scores — not investment advice.