FedEx Corp
FDX—
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FedEx Corp AI Insights
Informational only. Not investment advice.Snapshot
- Asset turnover of 1.01x TTM vs industry median 0.56x - extracting 80% more revenue per dollar of assets despite $57.8B in PP&E[Asset Turnover]
- Debt/equity 1.36 with $37.9B total debt vs $27.8B equity - leverage elevated but FCF of $3.7B TTM covers interest[Debt to Equity]
- P/E 14.2x vs industry median 18.8x while generating $88.6B revenue - valuation discount despite scale dominance[P/E Ratio]
Watch Triggers
- Operating Margin TTM: Sustained move above 8% — Validates DRIVE cost savings; closes gap to industry median 8.9%
- Free Cash Flow TTM: Falls below $2.5B — Threatens $1.3B dividend ($5.59/share) and debt service capacity
- ROIC TTM: Rises above 8% — Signals capital efficiency improvement; currently 6.3% is value-destructive
Bull Case
Scale moat: $88.6B revenue TTM (10x industry median) with 1.01x asset turnover creates cost advantages competitors cannot replicate
Total Revenue TTMAsset Turnover
Valuation gap: P/E 14.2x and P/S 0.74x vs medians of 18.8x and 0.95x despite duopoly position with UPS
P/E RatioP/S Ratio
Bear Case
Margin compression: Net margin 4.7% TTM vs 4.1% industry median is thin buffer; labor costs and fuel volatility threaten profitability
Net Margin TTMOperating Margin TTM
Capital intensity trap: $57.8B PP&E and $37.9B debt constrain flexibility; ROIC 6.3% barely exceeds cost of capital
ROIC TTMTotal DebtPP&E
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
DRIVE transformation to unlock 200-400bps margin expansion over 1-3 years
1-3ymed
- Operating margin 6.9% TTM vs gross margin 21.8% - 15pts of OpEx to optimize
- Network consolidation reducing duplicate infrastructure costs
- Capex declining (-$3.9B TTM) as integration completes
Operating margin 6.9% vs industry median 8.9%FCF $3.7B on declining capex trajectoryAsset turnover 1.01x shows operational efficiency
Valuation Context
Caveats
Public Strategies Rankings
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FDX Fundamentals
Transportation and Warehousing → Couriers and Messengers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$85.34B | — | ||
$116.54B | — | ||
20 | — | ||
$90.09B | — | ||
$18.07 | — | ||
0% | — | ||
0% | — | ||
$4.35B | +64.3% | — | |
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
FDX Dividend History
96 dividends
2026
$1.450003/09/26$1.4500
2025
$5.730012/15/25$1.4500
09/08/25$1.4500
06/23/25$1.4500
03/10/25$1.3800
2024
$5.400012/09/24$1.3800
09/09/24$1.3800
06/24/24$1.3800
03/08/24$1.2600
2023
$4.930012/08/23$1.2600
09/08/23$1.2600
06/09/23$1.2600
03/10/23$1.1500
2022
$4.200012/09/22$1.1500
09/01/22$1.1500
06/24/22$1.1500
03/04/22$0.7500
2021
$2.900012/10/21$0.7500
09/02/21$0.7500
06/25/21$0.7500
03/05/21$0.6500
2020
$2.600012/11/20$0.6500
09/03/20$0.6500
06/26/20$0.6500
03/06/20$0.6500
2019
$2.600012/06/19$0.6500
09/06/19$0.6500
06/21/19$0.6500
03/08/19$0.6500
2018
$2.450012/07/18$0.6500
09/07/18$0.6500
06/22/18$0.6500
03/09/18$0.5000
2017
$1.900012/08/17$0.5000
09/08/17$0.5000
06/20/17$0.5000
03/09/17$0.4000
2016
$1.450012/08/16$0.4000
09/08/16$0.4000
06/14/16$0.4000
03/10/16$0.2500
2015
$0.950012/10/15$0.2500
09/08/15$0.2500
06/16/15$0.2500
03/09/15$0.2000
2014
$0.750012/10/14$0.2000
09/08/14$0.2000
06/17/14$0.2000
03/07/14$0.1500
2013
$0.590012/10/13$0.1500
09/06/13$0.1500
06/13/13$0.1500
03/07/13$0.1400
2012
$0.550011/19/12$0.1400
09/06/12$0.1400
06/14/12$0.1400
03/08/12$0.1300
2011
$0.510012/09/11$0.1300
09/08/11$0.1300
06/15/11$0.1300
03/16/11$0.1200
2010
$0.470011/18/10$0.1200
09/08/10$0.1200
06/15/10$0.1200
03/09/10$0.1100
2009
$0.440012/10/09$0.1100
09/08/09$0.1100
06/16/09$0.1100
03/09/09$0.1100
2008
$0.430012/10/08$0.1100
09/08/08$0.1100
06/11/08$0.1100
03/07/08$0.1000
2007
$0.390012/10/07$0.1000
09/06/07$0.1000
06/07/07$0.1000
03/08/07$0.0900
2006
$0.350012/08/06$0.0900
09/07/06$0.0900
06/08/06$0.0900
03/09/06$0.0800
2005
$0.310012/09/05$0.0800
09/08/05$0.0800
06/08/05$0.0800
03/09/05$0.0700
2004
$0.270012/09/04$0.0700
09/08/04$0.0700
06/08/04$0.0700
03/09/04$0.0600
2003
$0.210012/10/03$0.0600
09/08/03$0.0500
06/10/03$0.0500
03/06/03$0.0500
2002
$0.150012/10/02$0.0500
09/05/02$0.0500
06/13/02$0.0500
FDX Stock Splits
No stock splits
FDX SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
12/18/25 | 11/30/25 | 10-Q | |
09/18/25 | 08/31/25 | 10-Q | |
07/21/25 | 05/31/25 | 10-K | |
03/20/25 | 02/28/25 | 10-Q | |
12/19/24 | 11/30/24 | 10-Q | |
09/19/24 | 08/31/24 | 10-Q | |
07/15/24 | 05/31/24 | 10-K | |
03/21/24 | 02/29/24 | 10-Q | |
12/19/23 | 11/30/23 | 10-Q | |
09/20/23 | 08/31/23 | 10-Q | |
07/17/23 | 05/31/23 | 10-K | |
03/16/23 | 02/28/23 | 10-Q | |
12/20/22 | 11/30/22 | 10-Q | |
09/22/22 | 08/31/22 | 10-Q | |
07/18/22 | 05/31/22 | 10-K | |
03/17/22 | 02/28/22 | 10-Q | |
12/16/21 | 11/30/21 | 10-Q | |
09/21/21 | 08/31/21 | 10-Q | |
07/19/21 | 05/31/21 | 10-K | |
03/18/21 | 02/28/21 | 10-Q | |
12/17/20 | 11/30/20 | 10-Q | |
09/15/20 | 08/31/20 | 10-Q | |
07/20/20 | 05/31/20 | 10-K | |
03/17/20 | 02/29/20 | 10-Q | |
12/17/19 | 11/30/19 | 10-Q | |
09/17/19 | 08/31/19 | 10-Q | |
07/16/19 | 05/31/19 | 10-K | |
03/19/19 | 02/28/19 | 10-Q | |
12/18/18 | 11/30/18 | 10-Q | |
09/17/18 | 08/31/18 | 10-Q | |
07/16/18 | 05/31/18 | 10-K | |
03/21/18 | 02/28/18 | 10-Q | |
12/20/17 | 11/30/17 | 10-Q | |
09/20/17 | 08/31/17 | 10-Q | |
07/17/17 | 05/31/17 | 10-K | |
03/22/17 | 02/28/17 | 10-Q | |
12/21/16 | 11/30/16 | 10-Q | |
09/21/16 | 08/31/16 | 10-Q | |
07/18/16 | 05/31/16 | 10-K | |
03/17/16 | 02/29/16 | 10-Q | |
12/17/15 | 11/30/15 | 10-Q | |
09/17/15 | 08/31/15 | 10-Q | |
07/14/15 | 05/31/15 | 10-K | |
03/19/15 | 02/28/15 | 10-Q | |
12/18/14 | 11/30/14 | 10-Q | |
09/18/14 | 08/31/14 | 10-Q | |
07/14/14 | 05/31/14 | 10-K | |
03/20/14 | 02/28/14 | 10-Q | |
12/19/13 | 11/30/13 | 10-Q | |
09/19/13 | 08/31/13 | 10-Q | |
07/15/13 | 05/31/13 | 10-K | |
03/21/13 | 02/28/13 | 10-Q | |
12/20/12 | 11/30/12 | 10-Q | |
09/19/12 | 08/31/12 | 10-Q | |
07/16/12 | 05/31/12 | 10-K | |
03/23/12 | 02/29/12 | 10-Q | |
12/16/11 | 11/30/11 | 10-Q | |
09/23/11 | 08/31/11 | 10-Q | |
07/12/11 | 05/31/11 | 10-K | |
03/18/11 | 02/28/11 | 10-Q | |
12/17/10 | 11/30/10 | 10-Q | |
09/17/10 | 08/31/10 | 10-Q | |
07/15/10 | 05/31/10 | 10-K | |
03/19/10 | 02/28/10 | 10-Q | |
12/18/09 | 11/30/09 | 10-Q | |
09/18/09 | 08/31/09 | 10-Q | |
07/15/09 | 05/31/09 | 10-K | |
03/20/09 | 02/28/09 | 10-Q | |
12/19/08 | 11/30/08 | 10-Q | |
09/19/08 | 08/31/08 | 10-Q | |
07/16/08 | 05/31/08 | 10-K | |
03/20/08 | 02/29/08 | 10-Q | |
12/21/07 | 11/30/07 | 10-Q | |
09/21/07 | 08/31/07 | 10-Q | |
07/13/07 | 05/31/07 | 10-K | |
03/23/07 | 02/28/07 | 10-Q | |
12/22/06 | 11/30/06 | 10-Q | |
09/25/06 | 08/31/06 | 10-Q | |
07/14/06 | 05/31/06 | 10-K | |
03/24/06 | 02/28/06 | 10-Q | |
12/22/05 | 11/30/05 | 10-Q | |
09/23/05 | 08/31/05 | 10-Q | |
07/14/05 | 05/31/05 | 10-K | |
03/18/05 | 02/28/05 | 10-Q | |
12/17/04 | 11/30/04 | 10-Q | |
09/24/04 | 08/31/04 | 10-Q | |
07/16/04 | 05/31/04 | 10-K | |
03/18/04 | 02/29/04 | 10-Q | |
12/19/03 | 11/30/03 | 10-Q | |
09/19/03 | 08/31/03 | 10-Q | |
07/17/03 | 05/31/03 | 10-K | |
03/21/03 | 02/28/03 | 10-Q | |
01/13/03 | 11/30/02 | 10-Q | |
10/11/02 | 08/31/02 | 10-Q | |
07/19/02 | 05/31/02 | 10-K | |
04/12/02 | 02/28/02 | 10-Q | |
01/14/02 | 11/30/01 | 10-Q | |
10/15/01 | 08/31/01 | 10-Q | |
07/24/01 | 05/31/01 | 10-K405 | |
04/13/01 | 02/28/01 | 10-Q | |
01/12/01 | 11/30/00 | 10-Q | |
10/11/00 | 08/31/00 | 10-Q | |
08/02/00 | 05/31/00 | 10-K405 | |
04/13/00 | 02/29/00 | 10-Q |