FedEx Financial Ratios
NYSE: FDXConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
FedEx ratio analysis
FedEx earned a net margin of 4.7% in FY 2026, up from 4.7% a year earlier. Return on equity reached 14.0%, meaning FedEx generated 0.14 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.81 versus 0.73 the year before, and the current ratio was 1.48.
At the end of FY 2026, FDX traded at 17.9 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 10.5 to 61.2, with a median of 12.4. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
FedEx financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 17.89 | 10.45 | 11.89 | 11.54 | 12.30 | 12.52 | 21.47 | 61.24 | 12.17 | 14.78 |
| Price / sales | 0.83 | 0.48 | 0.58 | 0.50 | 0.50 | 0.77 | 0.40 | 0.47 | 0.83 | 0.72 |
| Price / book | 2.48 | 1.51 | 1.84 | 1.74 | 1.86 | 2.66 | 1.50 | 1.83 | 2.81 | 2.71 |
| Gross margin | — | — | — | — | — | — | — | 76.1% | 76.9% | 77.4% |
| Operating margin | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | 7.0% | 3.5% | 6.4% | 6.5% | 7.6% |
| Net margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% |
| Free cash flow margin | 5.4% | 3.4% | 3.6% | 3.0% | 3.3% | 5.1% | -1.1% | 0.2% | -1.5% | -0.3% |
| Return on equity (ROE) | 14.0% | 14.6% | 15.7% | 15.2% | 15.3% | 21.6% | 7.0% | 3.0% | 23.5% | 18.6% |
| Return on assets (ROA) | 4.5% | 4.7% | 5.0% | 4.6% | 4.4% | 6.3% | 1.7% | 1.0% | 8.7% | 6.2% |
| Debt / equity | 0.81 | 0.73 | 0.73 | 0.79 | 0.81 | 0.86 | 1.20 | 0.99 | 0.85 | 0.93 |
| Current ratio | 1.48 | 1.19 | 1.36 | 1.37 | 1.43 | 1.51 | 1.58 | 1.45 | 1.39 | 1.59 |
| Revenue growth | 7.7% | 0.3% | -2.7% | -3.6% | 11.4% | 21.3% | -0.7% | 6.5% | 8.5% | 19.8% |
| EPS growth | 10.4% | -2.3% | 11.2% | 8.0% | -26.3% | 296.9% | 141.4% | -87.9% | 51.7% | 70.0% |