FedEx Corporation
- Open
- 313.85
- Day high
- 317.64
- Day low
- 311.31
- Prev close
- 310.84
- Volume
- 1.6M
- Mkt cap
- $75.1B
- P/E (TTM)
- 17.1
- EPS (TTM)
- $18.36
- P/B
- 2.4
- P/S
- 0.8
- Yield
- 1.77%
- Per share
- $5.57
- ▼Insiders net selling -$20.2M over the last 3 months (0 open-market buys, 9 sales)
- 🏛Institutions mixed (13F)
FedEx Corporation (FDX) is a Industrials company listed on NYSE. The stock is up 62% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 9 sales (SEC Form 4). Drillr has 3 published research articles covering FDX.
FedEx Corporation (FDX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FDX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 23, 2026 | $5.91 | $6.31 | +6.8% | $25.0B | +9.1% |
| Mar 19, 2026 | $4.15 | $5.25 | +26.5% | $24.0B | +2.2% |
| Dec 18, 2025 | $4.12 | $4.82 | +17.0% | $23.5B | +3.0% |
| Sep 18, 2025 | $3.60 | $3.83 | +6.4% | $22.2B | +2.8% |
| Jun 24, 2025 | $5.82 | $6.07 | +4.3% | $22.2B | +2.2% |
| Mar 20, 2025 | $4.56 | $4.51 | -1.1% | $22.2B | +1.3% |
| Dec 19, 2024 | $3.95 | $4.05 | +2.5% | $22.0B | -0.7% |
| Sep 19, 2024 | $4.76 | $3.60 | -24.4% | $21.6B | -1.2% |
| Mar 21, 2024 | $3.45 | $3.86 | +11.9% | $21.7B | -1.0% |
| Dec 19, 2023 | $4.18 | $3.99 | -4.5% | $22.2B | -1.7% |
| Sep 20, 2023 | $3.73 | $4.55 | +22.0% | $21.7B | -0.6% |
| Jun 20, 2023 | $4.89 | $4.94 | +1.0% | $21.9B | -3.2% |
FDX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Subramaniam Rajeshdirector, officer: President/CEO | Grant | 10,725 | $323.62 |
| Jul 2, 2026 | Talwar Vishalofficer: EVP CDIO & PRESIDENT FDW | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | WALSH PAUL Sdirector | Sell | 5,042 | $324.56 |
| Jul 2, 2026 | ADAMS GINA F.officer: EVP GENL COUNSEL/SECTY | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | Brightman Tracy Bofficer: EVP - Chief People Officer | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | Ray Scott Lofficer: COO, U.S. & CANADA | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | Preet Kawalofficer: EVP - Plng, Eng, & Transfmtn | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | Russ Claude Fofficer: Interim CFO & Interim CAO | Grant | 772 | $323.62 |
| Jul 2, 2026 | Smith Richard Wdirector, officer: COO INTL - CEO Airline FEC | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | Carere Brieofficer: EVP/Chief Customer Officer | Grant | 3,478 | $323.62 |
| Jul 2, 2026 | WALSH PAUL Sdirector | Option | 5,042 | $137.85 |
| Jun 26, 2026 | Talwar Vishalofficer: EVP CDIO & PRESIDENT FDW | Grant | 3,567 | $323.62 |
| Jun 26, 2026 | Ray Scott Lofficer: COO, U.S. & CANADA | Grant | 3,567 | $323.62 |
| Jun 26, 2026 | ADAMS GINA F.officer: EVP GENL COUNSEL/SECTY | Grant | 4,734 | — |
| Jun 26, 2026 | Preet Kawalofficer: EVP - Plng, Eng, & Transfmtn | Grant | 3,567 | $323.62 |
Source: FDX SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full FDX insider & 13F page →FDX research & analysis
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Bloomberg's April 13 Hormuz blockade report tanked copper and spiked aluminum spreads, bearish for FCX miners and UPS/FDX shippers but bullish for XOM/CVX/OXY on oil premiums. Energy majors' low leverage and production exposure position them for gains amid shipping chaos.
XOMCVXOXYRecord US Fuel Exports Crush VLO and MPC Rivals — While UPS and FDX Pay the Price
Record March US fuel exports to Europe/Asia amid Middle East gaps boost refiner margins for VLO, MPC, PSX, while diesel costs pressure FDX, UPS, CSX. MPC tops conviction list at 17.8x P/E with midstream tailwinds; UPS lags with -17% 1Y return.
VLOMPCPSXHormuz Shipping at Risk After UN Veto — XOM, CVX, OXY Primed as Oil Spikes
China and Russia's veto of a UN resolution protecting Strait of Hormuz shipping heightens risks to 20% of global oil flows, potentially boosting prices and favoring XOM, CVX, and OXY amid strong financials and low leverage. Logistics firms like UPS and FDX face headwinds from higher costs, while the market's muted reaction leaves room for catch-up rallies.
XOMCVXOXY
FedEx Corporation company profile
Overview
FedEx Corporation (NYSE:FDX) is a multinational transportation and logistics conglomerate founded in 1971 and headquartered in Memphis, Tennessee. The company went public in 1978 and has grown from a pioneering overnight delivery service into one of the world's largest integrated freight and logistics providers. FedEx operates through multiple business segments including express delivery, ground transportation, freight services, and logistics solutions, serving customers across more than 220 countries and territories worldwide.
Business
FedEx operates in the integrated freight and logistics industry, providing comprehensive transportation and supply chain solutions to businesses and consumers globally. The company's core business revolves around moving packages, documents, and freight from one location to another with varying speed and service levels. The company operates through several key business segments: 1. FedEx Express (approximately 50-55% of total revenue): This segment provides time-critical express transportation services, including overnight and international shipping. Express services command premium pricing due to their speed and reliability, utilizing a combination of aircraft and ground vehicles to deliver packages within 1-3 business days domestically and internationally. 2. FedEx Ground (approximately 35-40% of total revenue): This segment focuses on cost-effective ground delivery services for packages typically delivered within 1-5 business days. Ground services primarily serve business-to-business and e-commerce markets, utilizing a network of trucks and local delivery vehicles. 3. FedEx Freight (approximately 10-15% of total revenue): This segment provides less-than-truckload (LTL) freight transportation services for larger shipments that don't require a full truck. LTL services allow multiple customers to share truck space, making it cost-effective for medium-sized freight shipments. 4. FedEx Services: This segment provides support functions including sales, marketing, information technology, and customer service across all operating segments. The logistics industry serves as the backbone of global commerce, enabling businesses to move goods efficiently across supply chains. FedEx competes in this space by offering reliability, speed, and comprehensive tracking capabilities that allow customers to monitor their shipments in real-time.
Revenue model
FedEx generates revenue primarily through transportation service fees charged to customers for moving packages and freight. The company operates on a variable pricing model where customers pay based on package weight, dimensions, distance traveled, and speed of delivery required. The business model centers on several revenue streams: 1. Package and document delivery fees: Customers pay per shipment based on service level (overnight, 2-day, ground), package characteristics, and destination. Premium express services command higher margins than standard ground delivery. 2. Freight transportation fees: Businesses pay for LTL freight services based on weight, distance, and handling requirements. This segment typically serves industrial and manufacturing customers. 3. Surcharges and accessorial services: Additional fees for special handling, fuel costs, residential delivery, and peak season capacity constraints provide incremental revenue. 4. Logistics and supply chain services: Value-added services including warehousing, customs brokerage, and supply chain management generate service-based revenue. Several factors influence FedEx's profitability margins. Fuel costs represent a significant expense, though the company mitigates this through fuel surcharges passed to customers. Labor costs impact margins, particularly for drivers and package handlers, with wage inflation creating pressure. Economic conditions affect shipping volumes, with B2B industrial shipments being particularly sensitive to economic downturns. E-commerce growth drives residential delivery volumes but often at lower margins than commercial deliveries. Seasonal patterns create peak demand during holiday periods, allowing for higher pricing but requiring additional capacity investments. Competition from UPS, USPS, Amazon Logistics, and regional carriers pressures pricing power, while network density and operational efficiency improvements can enhance margins through better asset utilization.
Competitive moat
FedEx possesses a moderately strong competitive moat built primarily on its extensive physical infrastructure and operational scale, though this moat faces increasing pressure from well-capitalized competitors and technological disruption. The company's primary competitive advantages include its global logistics network, which requires massive capital investment and years to build, creating significant barriers to entry for new competitors. FedEx's integrated air and ground network, with hundreds of aircraft, thousands of vehicles, and strategically located hubs, would be extremely difficult and expensive for competitors to replicate. The company's brand recognition and reliability reputation provides customer loyalty, particularly among businesses that require dependable delivery for time-sensitive shipments. FedEx also benefits from network effects where increased package density in specific routes improves operational efficiency and cost per package. The company's substantial scale allows for better negotiating power with suppliers, fuel providers, and equipment manufacturers. However, FedEx's moat faces significant challenges. Amazon's logistics expansion represents the most substantial threat, as Amazon has built competing infrastructure while also reducing its reliance on FedEx services. UPS remains a formidable competitor with comparable scale and capabilities. USPS provides low-cost alternatives for certain segments, while regional carriers and technology-enabled logistics startups are capturing market share in specific niches. The company's moat is further weakened by the commoditization of basic shipping services, where customers increasingly view delivery as a utility rather than a premium service. Technology disruption through autonomous vehicles, drones, and artificial intelligence could potentially reduce the importance of FedEx's current physical infrastructure advantages. Additionally, changing customer expectations toward faster, cheaper delivery put pressure on FedEx's premium pricing model. Overall, while FedEx maintains competitive advantages through its established network and operational expertise, the moat is under pressure and requires continuous investment and innovation to maintain its strength.
Risks & safety
FedEx demonstrates a moderate margin of safety with stable cash generation but elevated debt levels and cyclical earnings volatility. • Liquidity position: Strong current ratio of 1.24 and approximately $6 billion in cash and short-term investments provide adequate liquidity cushion • Debt burden: High debt-to-equity ratio of 1.39 indicates significant leverage, though manageable given cash flow generation • Cash flow stability: Operating cash flow of $2.0 billion in recent quarter demonstrates consistent cash generation despite economic headwinds • Free cash flow: Positive free cash flow of $1.0 billion provides flexibility for debt service and capital allocation • Valuation metrics: Trading at 17.4x P/E ratio and 9.9x EV/EBITDA, representing reasonable but not compelling valuations for a cyclical business • Earnings volatility: Net income fluctuations from $741 million to $1.5 billion across recent quarters highlight cyclical sensitivity • Capital intensity: Ongoing requirements for fleet maintenance, facility upgrades, and technology investments limit financial flexibility • Competitive pressures: Margin compression risks from Amazon logistics expansion and pricing competition
Recent development
Over the past few years, FedEx has undergone significant strategic transformation focused on operational efficiency, network optimization, and portfolio restructuring. The company launched its comprehensive DRIVE cost reduction program targeting $4 billion in permanent cost savings by fiscal 2025, with $1.8 billion already achieved by fiscal 2024. A major strategic initiative has been the Network 2.0 transformation, which involves redesigning FedEx's logistics network to improve efficiency and reduce costs. This includes the rollout of the Tricolor network strategy, which segments services into three categories: Purple (priority express), Orange (premium freight), and White (lower-yield services). This segmentation allows FedEx to optimize capacity utilization and improve asset efficiency across different service levels. The company completed a significant organizational restructuring by consolidating FedEx Express, Ground, and Services into a single "One FedEx" entity in June 2024, aimed at eliminating operational redundancies and improving customer experience. Additionally, FedEx has been investing heavily in digital transformation and artificial intelligence, including the launch of AI-driven package routing systems and the FDX commerce platform. Perhaps most significantly, FedEx announced its decision to fully separate FedEx Freight as an independent public company, expected to take approximately 18 months to complete. This strategic separation aims to unlock shareholder value by allowing each business to focus on its specific market opportunities and operational requirements. The company has also been adapting to changing market dynamics by expanding Sunday residential delivery coverage, growing its healthcare logistics revenue toward a $9 billion target, and preparing operationally for potential changes in international shipping regulations, particularly regarding de minimis shipments from Asia.
FDX company profile · for informational purposes only — not investment advice.
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