FedEx Corporation (FDX)

NYSE: FDX · USD

$305

-2.09 (-0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: FDX rated Reduce

FedEx Corporation's published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$252 / share

Potential value

$319 / share

Upside to FV

-13.4%

from $305

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$68.7B
Revenue (ttm)	94.7B
Net income (ttm)	4.4B
EPS (ttm)	$18.6
Shares out	236.7M
P/E (trailing)	16.4x
P/E (forward)	14.2x
Dividend	$4.88 (1.60%)
Volume	1,337,190
Beta	1.33

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 94.7B
Net income (ttm): 4.4B
EPS (ttm): $18.6
P/E (trailing): 16.4x
P/E (forward): 14.2x
Market cap: $68.7B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-05-31	2023-05-31	2024-05-31	2025-05-31	2026-05-31	Trend
Revenue	$93.51B	$90.16B	$87.69B	$87.93B	$94.72B	+0.3%
Gross profit	$20.17B	$19.17B	$18.95B	$19.00B	$20.62B	+0.6%
Operating income	$6.25B	$4.91B	$5.56B	$5.22B	$5.46B	-3.3%
Net income	$3.83B	$3.97B	$4.33B	$4.09B	$4.43B	+3.8%
EPS (diluted)	$11.55	$12.47	$17.21	$16.81	$18.55	+12.6%
EBITDA	$9.56B	$10.23B	$10.87B	$10.49B	$11.13B	+3.9%
R&D	—	—	—	—	—	—
SG&A	$13.17B	$13.39B	$722.0M	$39.55B	—	+44.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	매도
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	비중 축소
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	보유
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	보유

Base and Bull scenarios

Base60%

Price target

$251.53

-13.4% from spot

The base case represents the modal operating path, where FedEx maintains network routing density and achieves steady progress on structural cost rationalization. Operating margins expand modestly across the forecast horizon as surface network integration reduces duplicative sortation overhead, supporting Fair value of $251.53 against the analysis price of $290.36.

Modest top-line stabilization following near-term volume adjustments across domestic and international lanes.
Through-cycle operating margin improvement supported by ongoing network efficiency programs.
Capital expenditures contained below annual depreciation to protect free cash flow generation.
Disciplined capital return through share repurchases offsetting employee share issuance.

Bull15%

Price target

$318.80

+9.8% from spot

The upside case envisions accelerated execution of network consolidation initiatives, closing the operational efficiency gap with peer operators and driving margins toward Potential value of $318.80. Stronger cross-border e-commerce and a cyclical industrial rebound bolster parcel yields, expanding cash flow generation and accelerating share retirements.

Accelerated operational consolidation across air and ground delivery networks.
Rebound in global trade and industrial production expanding premium express freight volume.
Operating margins approaching primary peer benchmark levels.
Elevated free cash flow conversion driving enhanced share buybacks.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($251.53). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
9.6%	$264	$268	$272	$277	$282
10.1%	$254	$257	$261	$265	$269
10.6%	$245	$248	$252	$254	$257
11.1%	$237	$239	$242	$245	$248
11.6%	$230	$232	$234	$236	$239

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E14.2

P25 n/aP50 n/aP75 n/a

Trailing P/E15.4

P25 n/aP50 n/aP75 n/a

ROE14.8

P25 n/aP50 n/aP75 n/a

ROIC9.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All FDX indicators

Market & fundamental data

Available fields

291

Groups with data

Currency

USD

Showing 291 of 291 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001048911
Company name	FedEx Corporation
Country	United States
Country code	US
CUSIP number	31428X106
Earnings date	2026-10-28
Earnings time	amc
Employees	530,000
Employees change	20,000
Employees growth	3.92%
Enterprise value	$101.6B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-05-31
First seen	2026-05-09
Fiscal year end	May
Founded	1971
In index	SP500
Industry	Integrated Freight & Logistics
Is primary listing	Yes
Is SPAC	No
ISIN number	US31428X1063
Last 10-K release date	2026-07-20
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split date	1999-05-07
Last stock split type	Forward
Market cap	$72.2B
Market cap category	Large-Cap
Next earnings date	2026-12-17
Options	Yes
Price	$305.01
Price currency	USD
Sector	Industrials
SIC code	4513
Stock price date	2026-10-28
Symbol	FDX
U.S. state	Tennessee
Website	https://www.fedex.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	15.09x
Average P/E ratio (10Y)	35.23x
Average P/E ratio (3Y)	16.37x
Average P/E ratio (5Y)	15.51x
Earnings yield	6.08%
EV/Earnings	22.95x
EV/EBIT	13.59x
EV/EBITDA	8.58x
EV/FCF	19.86x
EV/Sales	1.07x
FCF / EV yield	5.04%
FCF yield	7.09%
Forward EV/Sales	1.11x
Forward P/E	16.1x
Forward P/S	0.79x
Graham number	234.59776
Graham upside	-23.09%
Industry forward P/E	15.89x
Industry P/E	20.93x
Lynch fair value	$92.75
Lynch upside	-69.59%
P/(FCF - SBC) ratio	14.62x
P/(OCF - SBC) ratio	8.25x
P/B ratio	2.33x
P/E ratio	16.44x
P/FCF ratio	14.11x
P/OCF ratio	8.09x
P/S ratio	0.76x
PEG ratio	1.05x
Price / tangible book value	2.92x
Price/EBITDA ratio	6.09x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	7.89%
EBITDA margin	12.5%
Effective tax rate	23.48%
FCF margin	5.4%
Gross margin	27.32%
Operating margin	7.89%
Pretax margin	6.12%
Profit margin	4.68%
Profit per employee	$8,351
Profitable quarters	24
Profitable years	34
Revenue per employee	$178,717
ROA	5.01%
ROA (5Y)	4.76%
ROCE	9.34%
ROE	14.85%
ROE (5Y)	15.37%
ROIC	9.18%
ROIC (5Y)	8.75%
SBC / revenue	0.19%
Tax / revenue	1.44%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	10.35%
EPS growth (Q)	-4.31%
EPS growth (QoQ)	50.07%
EPS growth 10Y	11.04%
EPS growth 3Y	6.22%
EPS growth 5Y	-0.94%
EPS growth years	1
FCF growth	71.62%
FCF growth (Q)	71.22%
FCF growth (QoQ)	72.54%
FCF growth 3Y	24.14%
FCF growth 5Y	3.77%
Gross profit growth	7.94%
Gross profit growth (Q)	7.89%
Gross profit growth 3Y	1.98%
Gross profit growth 5Y	1.75%
Net income growth	8.33%
Net income growth (Q)	-3.1%
Net income growth (QoQ)	51.33%
Net income growth 3Y	3.73%
Net income growth 5Y	-3.25%
Net income growth years	1
OCF growth	26.85%
OCF growth (Q)	29.62%
OCF growth (QoQ)	63.82%
OCF growth 10Y	4.57%
OCF growth 3Y	0.29%
OCF growth 5Y	-2.51%
Operating income growth	10.82%
Operating income growth (Q)	9.61%
Operating income growth 3Y	5.36%
Operating income growth 5Y	-1.24%
Revenue growth	7.73%
Revenue growth (Q)	12.54%
Revenue growth (QoQ)	4.2%
Revenue growth 10Y	6.52%
Revenue growth 3Y	1.66%
Revenue growth 5Y	2.44%
Revenue growth quarters	6
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.8B
Depreciation and amortization	$4.4B
EBIT	$7.5B
EBITDA	$11.8B
EPS	$18.55
FCF per share	$21.62
Financing cash flow	$2.7B
Free cash flow	$5.1B
Free cash flow minus SBC	$4.9B
Gross profit	$25.9B
Income taxes	$1.4B
Investing cash flow	$-3.9B
Net borrowing	$4B
Net cash flow	$7.8B
Net income	$4.4B
Operating cash flow minus SBC	$8.7B
Operating income	$7.5B
Revenue	$94.7B
Stock-based compensation	$177M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.56
Book value per share	$131.86
Debt / EBITDA	2.41
Debt / equity	1.36
Debt / FCF	8.39
Goodwill	$6.7B
Interest coverage	7.71
Long-term assets	$71B
Long-term liabilities	$48.4B
Net cash (debt)	$-29.4B
Net cash / market cap	-40.72%
Net debt / EBITDA	2.48
Net debt / equity	0.93
Net debt / FCF	5.75
Piotroski F-Score	7
Property, plant and equipment	$58.9B
Shareholders' equity	$31.6B
Tangible book value	$24.8B
Tangible book value per share	$103.17
Total assets	$98.9B
Total cash	$13.6B
Total debt	$42.9B
Total liabilities	$67.3B
WACC	7.89%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.02
Current assets	$27.9B
Current liabilities	$18.9B
Current ratio	1.48
Inventory turnover	108.33
Net working capital	$542M
Quick ratio	1.39
Working capital	$9B
Working capital turnover	15.83

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.65%
Dividend growth	-5.65%
Dividend growth (10Y)	15.18%
Dividend growth (3Y)	3.47%
Dividend growth (5Y)	13.78%
Dividend growth years	5
Dividend payment date	2026-10-01
Dividend payment years	25
Dividend payout frequency	Quarterly
Dividend per share	$4.88
Dividend yield	1.6%
Ex-dividend date	2026-09-14
FCF payout ratio	24.7%
Last dividend	$1.22
Payout ratio	28.79%
Shareholder yield	3.25%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	75.09%
10Y return CAGR	9.82%
10Y total return	155.13%
150-day SMA	$332.81
15Y price change	260.39%
15Y return CAGR	11.92%
15Y total return	441.52%
1D price change	-0.68%
1M price change	6.83%
1M total return	6.83%
1W price change	2.21%
1W total return	2.21%
1Y price change	23.46%
1Y return CAGR	55.96%
1Y total return	55.92%
20-day SMA	$294.89
200-day SMA	$337.83
20Y price change	167.79%
20Y return CAGR	7.36%
20Y total return	313.79%
3M price change	-1.75%
3M total return	-1.36%
3Y price change	33.44%
3Y return CAGR	20.73%
3Y total return	75.98%
50-day SMA	$304.98
50-day SMA vs 200-day SMA	50under200
52-week high	$413.87
52-week high date	2026-05-29
52-week low	$247.51
52-week low date	2025-10-31
5Y price change	29.78%
5Y return CAGR	12.24%
5Y total return	78.1%
6M price change	-21.28%
6M total return	-1.49%
All-time high	$413.87
All-time high date	2026-05-29
All-time low	$1.31
All-time low date	1979-06-07
Average true range (ATR)	$6.63
Average volume	1.2M
Beta (1Y)	1.11
Beta (2Y)	1.08
Beta (5Y)	1.33
Change from 52-week high	-26.3%
Change from 52-week low	23.23%
Change from all-time high	-26.22%
Change from all-time low	23,156.66%
Change from open	-0.37%
Day's gap	-0.31%
Dollar volume	$407.9M
High price	$306.15
Low price	$298.44
Monthly RSI	51.33
Open price	$306.15
Position in 52-week range	85.21%
Premarket change	-0.67%
Premarket close	$307.10
Premarket price	$305.04
Premarket volume	986
Previous close	$307.10
Price vs 150-day SMA	-8.25%
Price vs 20-day SMA	3.55%
Price vs 200-day SMA	-9.61%
Price vs 50-day SMA	0.13%
Relative volume	1.13
RSI	58.46
Sharpe ratio	1.58
Sharpe ratio (3Y)	0.59
Sharpe ratio (5Y)	0.41
Sortino ratio	2.66
Sortino ratio (3Y)	1.02
Sortino ratio (5Y)	0.74
Volume	1.3M
Weekly RSI	45.4
YTD price change	5.71%
YTD total return	32.82%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	218.7M
Float percentage	92.39%
Shares change (QoQ)	0.84%
Shares change (YoY)	-1.65%
Shares held by insiders	0.26%
Shares held by institutions	82.79%
Shares outstanding	236.7M
Short % of float	2.5%
Short % of shares	2.31%
Short ratio	3.2 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	156

Deeper analysis on FDX

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this FDX report

What is the latest published FDX stock rating?

FedEx Corporation is shown with Reduce in the latest published report, analyzed 2026-10-03. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full FDX analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/FDX/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for FDX?

The latest published report analyzed 2026-10-03 gives FDX a fair value of USD 252 and a potential value of USD 319. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the FDX page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceFDX · Fair value $252-13.4%

Read full analysis →

FedEx Corporation (FDX)

Our latest published analysis: FDX rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · FDX

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All FDX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on FDX

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	3.0
Management	7.5
Balance Sheet	5.0
Profitability	5.0
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	7.0
Earnings Quality	7.5
Capital Efficiency	5.5