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FedEx Corp (FDX) stock

FDXNYSEAir Courier ServicesFiscal year ends May 31
Financials through Q4 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Oct 28, 2026Score 10/3010% above fair value
$322.63+3.15 (+0.99%)

Close on Nov 11, 2026Market cap $75.56BP/E 17.4Yield 1.80%

FedEx operating margin

Operating margin is operating income as a percentage of revenue.

FedEx's operating margin for the twelve months ending May 31, 2026 was 5.8%. For fiscal 2026 it was 5.8%, against 5.9% the year before. The highest annual figure on record is 10.0% in fiscal 2013.

Annual operating margin

PeriodPeriod endValueChange (pts)
FY2026May 31, 20265.8%−0.2
FY2025May 31, 20255.9%−0.4
FY2024May 31, 20246.3%+0.9
FY2023May 31, 20235.4%−1.2
FY2022May 31, 20226.7%−0.3
FY2021May 31, 20217.0%+3.5
FY2020May 31, 20203.5%−2.9
FY2019May 31, 20196.4%−0.1
FY2018May 31, 20186.5%−1.0
FY2017May 31, 20177.6%+1.5
FY2016May 31, 20166.1%+2.2
FY2015May 31, 20153.9%−4.4
FY2014May 31, 20148.4%−1.6
FY2013May 31, 201310.0%+2.5
FY2012May 31, 20127.5%+1.4
FY2011May 31, 20116.1%+0.3
FY2010May 31, 20105.8%+3.6
FY2009May 31, 20092.1%−3.4
FY2008May 31, 20085.5%–

Quarterly operating margin

Change is against the same quarter a year earlier.

Periods
PeriodPeriod endValueChange (pts)
Q4 FY2026CQ2 2026May 31, 20266.2%−1.9
Q3 FY2026CQ1 2026Feb 28, 20265.6%−0.2
Q2 FY2026CQ4 2025Nov 30, 20255.9%+1.1
Q1 FY2026CQ3 2025Aug 31, 20255.3%+0.3
Q4 FY2025CQ2 2025May 31, 20258.1%+1.0
Q3 FY2025CQ1 2025Feb 28, 20255.8%+0.1
Q2 FY2025CQ4 2024Nov 30, 20244.8%−1.0
Q1 FY2025CQ3 2024Aug 31, 20245.0%−1.8
Q4 FY2024CQ2 2024May 31, 20247.0%+0.2
Q3 FY2024CQ1 2024Feb 29, 20245.7%+1.0
Q2 FY2024CQ4 2023Nov 30, 20235.8%+0.6
Q1 FY2024CQ3 2023Aug 31, 20236.8%+1.7
Q4 FY2023CQ2 2023May 31, 20236.9%−1.0
Q3 FY2023CQ1 2023Feb 28, 20234.7%−0.9
Q2 FY2023CQ4 2022Nov 30, 20225.2%−1.6
Q1 FY2023CQ3 2022Aug 31, 20225.1%−1.2
Q4 FY2022CQ2 2022May 31, 20227.9%−0.1
Q3 FY2022CQ1 2022Feb 28, 20225.6%+0.9
Q2 FY2022CQ4 2021Nov 30, 20216.8%−0.3
Q1 FY2022CQ3 2021Aug 31, 20216.4%−1.9
Q4 FY2021CQ2 2021May 31, 20218.0%+5.2
Q3 FY2021CQ1 2021Feb 28, 20214.7%+2.3
Q2 FY2021CQ4 2020Nov 30, 20207.1%+3.9
Q1 FY2021CQ3 2020Aug 31, 20208.2%+2.5
Q4 FY2020CQ2 2020May 31, 20202.7%−4.7
Q3 FY2020CQ1 2020Feb 29, 20202.4%−3.0
Q2 FY2020CQ4 2019Nov 30, 20193.2%−3.4
Q1 FY2020CQ3 2019Aug 31, 20195.7%−0.5
Q4 FY2019CQ2 2019May 31, 20197.4%−0.3
Q3 FY2019CQ1 2019Feb 28, 20195.4%+0.2
Q2 FY2019CQ4 2018Nov 30, 20186.6%−0.3
Q1 FY2019CQ3 2018Aug 31, 20186.3%−0.1
Q4 FY2018CQ2 2018May 31, 20187.7%−2.4
Q3 FY2018CQ1 2018Feb 28, 20185.2%−1.6
Q2 FY2018CQ4 2017Nov 30, 20176.8%−1.0
Q1 FY2018CQ3 2017Aug 31, 20176.3%–
Q4 FY2017CQ2 2017May 31, 201710.1%–
Q3 FY2017CQ1 2017Feb 28, 20176.8%–
Q2 FY2017CQ4 2016Nov 30, 20167.8%–

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