FEDEX CORP (FDX) closed fiscal year 2026 with a gross margin of 21.8 % and a net margin of 4.7 %.
FEDEX CORP (FDX) closed fiscal year 2026 with a gross margin of 21.8 % and a net margin of 4.7 %. The same year shows an EBITDA margin of 10.4 % and an EBIT margin of 5.8 %. The free cash flow margin was 5.4 %. Against the previous year the gross margin moved +0.2 pp and the net margin +0.0 pp. Across the period the gross margin ranges between 21.3 % in 2023 and 77.4 % in 2017. The series covers 19 fiscal years, from 2008 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: May
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | 77.40 % | 76.93 % | 76.10 % | — | — | — | 21.26 % | 21.61 % | 21.60 % | 21.77 % |
| EBITDA margin (%) | 10.59 % | 7.67 % | 11.39 % | 11.07 % | 12.42 % | 15.40 % | 14.05 % | 9.44 % | 11.33 % | 12.54 % | 11.26 % | 11.22 % | 8.71 % | 11.49 % | 10.92 % | 10.08 % | 11.23 % | 10.78 % | 10.38 % |
| EBIT margin (%) | 5.47 % | 2.10 % | 5.75 % | 6.05 % | 7.46 % | 10.01 % | 8.37 % | 3.93 % | 6.11 % | 7.57 % | 6.53 % | 6.41 % | 3.49 % | 6.98 % | 6.68 % | 5.45 % | 6.34 % | 5.93 % | 5.77 % |
| Net margin (%) | 2.96 % | 0.28 % | 3.41 % | 3.69 % | 4.76 % | 6.13 % | 5.10 % | 2.21 % | 3.61 % | 4.97 % | 6.99 % | 0.77 % | 1.86 % | 6.23 % | 4.09 % | 4.41 % | 4.94 % | 4.65 % | 4.68 % |
| FCF margin (%) | 1.36 % | 0.83 % | 0.93 % | 1.54 % | 1.94 % | 2.96 % | 1.60 % | 2.15 % | 1.77 % | -0.31 % | -1.51 % | 0.18 % | -1.11 % | 5.06 % | 3.28 % | 2.97 % | 3.58 % | 3.39 % | 5.40 % |
