Fedex Corp (FDX)
Industrials · Air Freight & Logistics · US stock · S&P 500 component
$293.55
▼ -1.99 (0.67%)
Fair valueFair
$266 −9.4% to fair value
$133fair band $186–$346$399
Day's range
$291.13 – $299.20
52-week range
$184.62 – $342.74
About Fedex Corp
FedEx runs a worldwide transportation network that moves parcels, documents and freight by air and by road. Its services include time-definite express delivery, ground package delivery, less-than-truckload freight and supply chain and logistics support. Customers range from consumers and small businesses to large retailers and manufacturers, who ship goods through its fleet of aircraft and delivery vehicles and its network of sorting hubs and depots.
Revenue comes from shipping fees charged per package or shipment, plus surcharges and logistics services. Sales reached $94.7 billion over the last twelve months and have grown at 1.7% a year over the last three years. The operating margin is 5.8%, and the business earns a profit of 7% on the capital invested in it. Net debt is 3.1 times EBITDA. It pays a dividend with a yield of 1.8%. On the site's X-Ray Score it receives 51 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
FDX news
All FDX news →Price chart
52-wk range $184.62 – $342.74Volume 1,241,700Daily, split-adjusted
Vitals
Market cap$70.2B
52-week range$184.62 – $342.74
Volume (last day)1,241,700
P/E (TTM)15,760,185.0
EBIT / EV yield5.4%
Free-cash-flow yield7.3%
Dividend yield1.8%
Revenue (TTM)$94.7B
Net income (TTM)$4,433
Operating margin5.8%
Return on capital6.7%
Debt incl. leases$43.7B
Cash & securities$13.3B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$266model spread $249 – $284
Fair
−9.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $294
Undervalued < $186Fair $186 – $346Overvalued > $346
10-year DCF (market-scaled)
$201
Peer multiples
$371
Earnings power floor (not blended)
$107
Fundamentals-adjusted multiple
$226
Growth the price implies
11.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Fair
65/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.4%
Free-cash-flow yield7.3%
Fair value vs price0.9×
Growth
Fair
51/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)1.7%
EPS growth (3y)6.2%
Growth consistency70%
Profitability
Weak
45/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.7%
Operating margin5.8%
Financial health
Weak
37/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA3.1×
Interest coverNo interest cost
Dividends
Fair
63/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.8%
Dividends vs free cash flow25%
Dividend growth5.3%
Quarterly results: last 6 quarters
+1.9%
Feb '25
+0.5%
May '25
+3.1%
Aug '25
+6.8%
Nov '25
+8.3%
Feb '26
+12.5%
May '26
Revenue against the same quarter a year earlier. Latest quarter revenue $25.0B.
Compare with peers
EXPD Expeditors Internation...50 UPS United Parcel Service...44 CHRW C. H. Robinson Worldwi...42Other Air Freight & Logistics companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 5 Average · ● 5 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 47/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $93.5B | $90.2B | $87.7B | $87.9B | $94.7B |
| Operating income | $6.2B | $4.9B | $5.6B | $5.2B | $5.5B |
| Net income | $3,826 | $3,972 | $4,331 | $4,092 | $4,433 |
| Operating cash flow | $9.8B | $8.8B | $8.3B | $7.0B | $8.9B |
| Operating margin | 6.7% | 5.4% | 6.3% | 5.9% | 5.8% |
| Free cash flow | $3.1B | $2.7B | $3.1B | $3.0B | $5.1B |
| Diluted EPS | $14.33 | $15.48 | $17.21 | $16.81 | $18.55 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 3 neutral · 8 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 291.4 | Bullish |
| EMA 10 | 292.1 | Bullish |
| SMA 20 | 290.1 | Bullish |
| EMA 20 | 294.1 | Bearish |
| SMA 50 | 308.7 | Bearish |
| EMA 50 | 302.2 | Bearish |
| SMA 100 | 313.6 | Bearish |
| EMA 100 | 304.3 | Bearish |
| SMA 200 | 300.0 | Bearish |
| EMA 200 | 290.9 | Bullish |
Oscillators (daily)
| RSI (14) | 45.96 | Neutral |
| MACD (12, 26) | -3.83 | Bearish |
| Momentum (12) | 2.97 | Bullish |
| Stochastic %K (14) | 62.85 | Neutral |
| Williams %R (14) | -37.15 | Neutral |
| CCI (20) | 107.8 | Bearish |
Pivot points (classic, last session)
S3 282.0 | S2 286.6 | S1 290.1 | Pivot 294.6 | R1 298.1 | R2 302.7 | R3 306.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.34 USD
Yield on today's price
1.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 14 Sep 2026 | 1.2200 |
| 22 Jun 2026 | 1.2200 |
| 9 Mar 2026 | 1.4500 |
| 15 Dec 2025 | 1.4500 |
| 8 Sep 2025 | 1.4500 |
| 23 Jun 2025 | 1.4500 |
| 10 Mar 2025 | 1.3800 |
| 9 Dec 2024 | 1.3800 |
| 9 Sep 2024 | 1.3800 |
| 24 Jun 2024 | 1.3800 |
| 8 Mar 2024 | 1.2600 |
| 8 Dec 2023 | 1.2600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
FDX SEC filings
29 Sep 2026
8-KSEC EDGAR
Shareholder vote results; Other events
14 Sep 2026
8-KSEC EDGAR
Other events
11 Sep 2026
424B5SEC EDGAR
424B5
11 Sep 2026
424B5SEC EDGAR
424B5
17 Aug 2026
DEF 14ASEC EDGAR
Proxy statement
24 Jul 2026
8-KSEC EDGAR
Director or officer change
21 Jul 2026
8-KSEC EDGAR
Results of operations
20 Jul 2026
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.