Fedex Corp

Fedex Corp

FDX

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Market Cap$98.25B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fedex CorpFedex Corp22.31.41%15%0.91.4

Earnings Call Q3 2026

March 19, 2026 - AI Summary

Strong Q3 Performance: FedEx reported an 8% year-over-year revenue growth, with a 7% increase in adjusted operating income. The success was primarily driven by Federal Express Corporation (FEC), which grew revenue by 10% and expanded adjusted operating margin by 50 basis points, marking the sixth consecutive quarter of margin expansion. Adjusted EPS rose 16%, supported by an exceptional peak season.
Fiscal Year 2026 Earnings Outlook: The company raised its adjusted diluted EPS forecast for FY '26 to a range of $19.30 to $20.10, up from the previous range of $17.80 to $19. This reflects sustained strength in demand trends and revenue growth expectations for Q4, with projected consolidated revenue growth for FY '26 now at 6% to 6.5%.
Challenges in Freight Segment: FedEx Freight continued to face headwinds, with a 5% revenue decline attributed to lower shipment volumes in the LTL (Less-Than-Truckload) market. Due to ongoing industry demand weakness and increased separation costs, the Freight segment's outlook remains cautious for Q4, with expectations for revenue to remain flat or down slightly year-over-year.

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$411.64

Target Price by Analysts

26.9% upsideFedex Target Price DetailsTarget Price
$92.02

Current Fair Value

71.6% downside

Overvalued by 71.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$98.25 Billion
Enterprise Value$132.26 Billion
Dividend Yield$5.80 (1.41%)
Earnings per Share$16.96
Beta1.3
Outstanding Shares243,000,000

Return

Return on Equity15.04%ROE
Return on Assets4.73%
Return on Invested Capital7.74%

Valuation & Multiples

P/E Ratio22.31P/E Ratio
PEG137.98PEG
Price to Sales0.86Price to Sales
Price to Book Ratio2.66Price to Book Ratio
Enterprise Value to Revenue1.44
Enterprise Value to EBIT22.07
Enterprise Value to Net Income29
Total Debt to Enterprise0.32
Debt to Equity1.41Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
March 19, 2026
EPS Estimate
$4.14
Average shareholder expectation
Revenue Estimate
$23.49 B
Average shareholder expectation

Next Earnings Call

Expected Date
June 18, 2026
EPS Estimate
$5.89
Average shareholder expectation
Revenue Estimate
$23.79 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.5088 14.96%
Total Calls2,855,717 11.60%
Total Puts4,308,756 1.87%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %77.00% 0.11%
Total Invested$66.37B 18.53%
Investors Holding2,091 163.00%

ESG Score

No data

About Fedex Corp

600,000 employees
CEO: Frederick Smith

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating co...

Relevant Senate Committees

Joint Committee on Taxation

As the official scorekeeper for tax legislation, this committee's analysis and estimates directly influence corporate tax structures, capital investment credits, and the overall tax burden for a large multinational like FedEx.

Finance

This committee's control over taxation and trade policy directly impacts FedEx's corporate tax burden, international shipping costs, and profitability due to its global operations and significant revenue.

Appropriations

This committee directly allocates discretionary federal spending. Its decisions on funding for defense programs, scientific research, and infrastructure projects can directly impact FedEx's federal contracts and the infrastructure it relies upon.

Health, Education, Labor, and Pensions

With nearly 600,000 employees, FedEx is significantly impacted by labor laws, minimum wage regulations, and union relations, all under the direct purview of this committee.

Commerce, Science, and Transportation

This committee has direct jurisdiction over interstate commerce, the FAA (regulating FedEx's air operations), and potentially impacts its e-commerce and business services through privacy and telecommunications laws.

Energy and Natural Resources

Fuel is a primary operating expense for FedEx. This committee's oversight of national energy policy and natural resources directly impacts fuel prices, availability, and potential regulations on alternative fuels for its fleet.

Environment and Public Works

This committee's regulation of federal highway programs directly impacts FedEx's ground transportation infrastructure, while EPA regulations influence fleet emissions and environmental compliance costs.

Foreign Relations

FedEx operates globally, making it highly susceptible to U.S. foreign policy, sanctions, and international trade agreements, all of which are shaped by this committee and directly affect its international routes and business.

Homeland Security and Governmental Affairs

FedEx is a major federal contractor, and this committee's oversight impacts federal procurement, supply chain security, and emerging regulations on AI in logistics, all directly relevant to FedEx's operations.