| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 16.9x | 17.8x | Top tier | |
Growth | 43 | 7.7% | 7.1% | Around median | |
Quality | 54 | 6.0% | 4.5% | Around median | |
Safety | 56 | 2.9x | 2.6x | Around median | |
Capital Return | 43 | 1.86% | 2.12% | Around median | |
Momentum | 54 | 43.1% | 2.9% | Around median | |
Sentiment | 74 | 17 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
FedEx Corporation operates a global transportation and logistics network serving domestic and international shipments, parcels, and air freight, moving goods worth more than $2 trillion annually and delivering nearly 18 million packages each business day. The revenue model is based on shipment volumes and yields realized per package, with the mix directed toward premium B2B services, high-value B2C shipments, and the healthcare, automotive, aviation, and data center sectors, rather than pursuing low-yield volume.
In fiscal year 2026, FedEx recorded revenue of $94.7 billion, net income of $4.4 billion, and GAAP earnings per share of $18.55. Annual revenue and adjusted operating income increased by 8%, while FEC revenue grew by 9% and its adjusted operating income by 17%, with its adjusted margin expanding 60 basis points to 7.7%, the highest level in four years. Adjusted free cash flow also reached $4.7 billion, up $800 million from fiscal year 2025, with capital expenditures of $3.8 billion, equivalent to 4% of revenue.
In Q4 of fiscal year 2026, revenue according to EDGAR was approximately $25.0 billion and net income was $1.6 billion, equivalent to a net income margin of approximately 6.4%, while adjusted earnings per share were $6.31. Consolidated revenue grew by 13% and adjusted operating income by 3%, while FEC achieved growth of 14% in revenue and 13% in adjusted operating income; in contrast, FedEx Freight's adjusted operating income declined by $114 million and its margin fell 570 basis points before the completion of its separation on June 1, 2026.
The analyst consensus rates FDX as “Buy,” with an average target of $303, compared with a highest target of $425 and a lowest target of $160. The average target is below the 52-week high of $345.37, while the spread between the targets extends to $265, a range that reflects significant disagreement over the sustainability of margin expansion following the FedEx Freight separation. The positive case is based on FEC growth and free cash flow, while cost burdens, slowing volumes in some areas, and execution risks remain key justifications for the cautious end of the valuation range.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
FedEx recorded revenue of $25.0 billion and net income of $1.6 billion according to EDGAR data, equivalent to a net income margin of approximately 6.4%. Adjusted earnings per share were $6.31, while consolidated revenue rose by 13% and adjusted operating income by 3%. At the FEC level, revenue grew by 14% and adjusted operating income by 13%, while FedEx Freight's adjusted operating income declined by $114 million.
FedEx expects revenue growth of approximately 11% compared with a calendar year 2025 baseline of approximately $82 billion, including approximately three percentage points from fuel surcharges. It expects adjusted earnings per share from continuing operations of between $16.90 and $18.10, with a midpoint of $17.50. For the transition period from June to December 2026, the company expects adjusted earnings per share of approximately $11.30 and year-over-year growth of 20%.
Approximately 45% of eligible volumes were flowing through nearly 490 optimized stations under Network 2.0 by the end of June 2026, and the company aims to raise the proportion to 65% before peak season. Network 2.0 and the One FedEx program aim to achieve the full $2 billion in annual savings by the end of calendar year 2027, after exceeding $1 billion in transformation savings in fiscal year 2026. Tricolor supports greater air network density and expansion in international air freight, where daily pounds rose by 12% in Q4 of fiscal year 2026.
Automated analysis for informational purposes only — not investment advice.
FedEx ended fiscal year 2026 with a revenue run rate of approximately $10 billion from transporting healthcare shipments, then launched FedEx Life Sciences in June 2026. The unit supports global healthcare corridors and temperature-sensitive services, including a temperature-controlled corridor connecting Ireland with the U.S. network. In parallel, the artificial intelligence and data center ecosystem achieved double-digit revenue growth and recorded the highest growth rates among the four targeted sectors.
Ground Economy volume declined by approximately 5% and international domestic volume by 9% in Q4 of fiscal year 2026, despite growth of 3% in total U.S. domestic volume and 5% in international export package volume. Management expects a low-single-digit decline in Ground Economy and a high-single-digit decline in international domestic services during calendar year 2026. It also expects U.S. domestic business growth to slow as it laps the addition of new healthcare business in Q4 of fiscal year 2025, so the strategy's success depends on offsetting lower volume with higher yields and better profitability.
Adjusted free cash flow reached $4.7 billion in fiscal year 2026, up $800 million from fiscal year 2025, with conversion of approximately 100% of adjusted net income. The company increased its annual dividend by 5% after adjusting for the effect of the FedEx Freight separation and set a quarterly payment of $1.22 per share payable on October 1, 2026, to shareholders of record on September 14, 2026. It also plans to repurchase up to $1 billion of shares during the remainder of calendar year 2026, alongside funding growth investments and pension plan contributions.
