TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

FDX stock analysis: FedEx

FedEx (FDX) is an S&P 500 company in Air Freight & Logistics. It grades strongest on value and weakest on profitability.

The model's view of FDX · subscribers

Where FDX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with FDX · updated 2026-10-05 · from prices and SEC filings

FDX price performance

FDX against the S&P 500, one year
+0%+25%+50%+75%FDX +54%S&P 500 +18%2025-09-292026-10-05
Year to date+25.7%S&P 500 +14.5% · ahead by 11.2 pts
1 year+49.2%S&P 500 +17.0% · ahead by 32.1 pts
3 years+47.0%S&P 500 +89.3% · behind by 42.3 pts
5 years+76.7%S&P 500 +91.3% · behind by 14.6 pts

Total returns with dividends reinvested.

FDX factor grades

Each grade compares FDX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

A-ValueP/E 15.6x (sector 27.2x)FCF yield 7.4% (sector 4.0%)
B-GrowthRevenue growth +8% (sector +7%)EPS growth +10% (sector +9%)
DProfitabilityOperating margin 5.8% (sector 16.9%)ROIC 9.9% (sector 19.9%)
BMomentum12-month change +49%From 52-wk high -14%

FDX in plain numbers

FDX key statistics

SectorIndustrials
IndustryAir Freight & Logistics
IndexS&P 500
Market value$69.1B
Revenue growth (y/y)+8%
Free-cash-flow yield7.4%
Dividend yield1.7%
Next earnings (expected)2026-10-20
Valuation measures
Market value$69.1B
Enterprise value$79.8B
P/E (trailing)15.6x
Forward P/E (Torvanta estimate)14.9x
PEG (Torvanta estimate)3.37
Price / sales0.7x
Price / book2.2x
EV / revenue0.8x
EV / EBITDA8.1x
Financial highlights
Revenue, last 12 months$94.7B
Net income, last 12 months$4.4B
EPS, last 12 months (GAAP)$18.55
Operating margin5.8%
Net margin4.7%
Return on equity14.8%
Return on invested capital9.9%
Cash$13.3B
Total debt$24.0B
Debt / equity0.76x
Free cash flow, last 12 months$5.1B
Current ratio1.48x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

FDX earnings trends

Revenue vs earnings
$0$6.3B$12.5B$18.8B$25.0BAug 2024 Revenue: $21.6BNov 2024 Revenue: $22.0BFeb 2025 Revenue: $22.2BMay 2025 Revenue: $22.2BAug 2025 Revenue: $22.2BNov 2025 Revenue: $23.5BFeb 2026 Revenue: $24.0BMay 2026 Revenue: $25.0BAug 2024 Net income: $794.0MNov 2024 Net income: $741.0MFeb 2025 Net income: $909.0MMay 2025 Net income: $1.6BAug 2025 Net income: $824.0MNov 2025 Net income: $1.0BFeb 2026 Net income: $1.1BMay 2026 Net income: $1.6BAug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026Net margin: 3.7%Net margin: 3.4%Net margin: 4.1%Net margin: 7.4%Net margin: 3.7%Net margin: 4.1%Net margin: 4.4%Net margin: 6.4%0%4%7%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.7$3.4$5.1$6.8Aug 2024 EPS (GAAP, diluted): $3.2Nov 2024 EPS (GAAP, diluted): $3.0Feb 2025 EPS (GAAP, diluted): $3.8May 2025 EPS (GAAP, diluted): $6.8Aug 2025 EPS (GAAP, diluted): $3.5Nov 2025 EPS (GAAP, diluted): $4.0Feb 2026 EPS (GAAP, diluted): $4.4May 2026 EPS (GAAP, diluted): $6.6Aug 2024Nov 2024Feb 2025May 2025Aug 2025Nov 2025Feb 2026May 2026■ EPS (GAAP, diluted) Change from a year earlier: Aug 2025 +8% · Nov 2025 +33% · Feb 2026 +17% · May 2026 -3%

From the company's 10-Q and 10-K filings with the SEC.

FedEx financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$93.5B$90.2B$87.7B$87.9B$94.7B
Net income$3.8B$4.0B$4.3B$4.1B$4.4B
EPS (GAAP)$14.33$15.47$17.19$16.82$18.55
Free cash flow$3.1B$2.7B$3.1B$3.0B$5.1B

FDX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-21$6.64-3%+13%+4.1%
2026-06-23$6.64-3%+13%-2.1%
2026-03-19$4.41+17%+8%+4.3%
2025-12-18$4.04+33%+7%+0.7%
2025-09-18$3.46+8%+3%+1.7%
2025-06-24$6.82+16%+0%-4.3%

About FedEx

HeadquartersMemphis, TN
Industry (SEC code)Air Courier Services
Fiscal year endsMay 31
Incorporated inDE
Listed onNYSE
FormerlyFDX CORP

From the company's SEC registration record.

Companies similar to FDX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
FDX FedEx$69.1B15.6x+8%5.8%+49%
UPS United Parcel Service$79.3B17.3x-0%7.3%+14%compare
EXPD Expeditors$25.2B28.3x+7%9.8%+59%compare
CHRW C.H. Robinson$16.4B26.8x-0%4.9%+5%compare

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Frequently asked questions

Is FDX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for FDX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is FDX's P/E ratio?

FDX trades at about 15.6 times its last 12 months of GAAP earnings reported to the SEC, and about 14.9 times Torvanta's own estimate of the next 12 months.

When does FDX report earnings next?

Based on its filing history, Torvanta expects FedEx to report around 2026-10-20.

Does FDX pay a dividend?

Yes. Its dividend yield is about 1.7%, and it has raised its dividend 5 years in a row.

How has FDX performed against the S&P 500?

Over the past year FDX returned +49.2%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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