Fedex Corp

Fedex Corp

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Market Cap$76B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fedex CorpFedex Corp17.31.48%14%0.81.4

Earnings Call Q4 2026

June 23, 2026 - AI Summary

FY2026 performance (what went right) - FedEx finished FY2026 with strong value creation and significant free cash flow. - Consolidated FY2026: Revenue +8% and Adjusted Operating Income +8% (with a meaningful offset from FedEx Freight decline). - FedEx Express (FEC) FY2026: Revenue +9%, Adjusted Operating Income +17%, and 7.7% adjusted operating margin (+60 bps, highest margin in 4 years). - Q4 FY2026 (consolidated): Revenue +13%, Adjusted Operating Income +3%, driven mainly by FEC, partially offset by freight.
Big initiatives driving results (Network + commercial strategy) - Progress from Network 2.0 / Tricolor / Europe transformation is improving density and efficiency, supporting structural cost reductions. - Network 2.0 flow-through: by end of month ~45% of eligible volume through ~490 optimized stations, rising to ~65% before peak; company will pause implementation until early 2027 (to preserve savings capture rhythm). - Europe: achieved 12 straight quarters of international revenue share gains, supported by improved service and a Duiven, Netherlands road hub investment.
Key forecast/outlook (including calendar transition) - Initiating calendar year 2026 outlook (moving from fiscal to Dec 31 year-end). - CY2026 adjusted EPS (continuing operations): $16.90 to $18.10 (midpoint $17.50), implying ~20% adjusted EPS growth for the June–December transition year. - CY2026 revenue growth guidance: ~11%, including ~3 points from fuel price-driven surcharge; expected revenue growth equivalent to ~10% for the transition year. - Outlook demand/mix expectations: strength in premium B2B and high-value B2C; U.S. Ground Economy expected to decline (company said ~low-single-digit volume decline) and international domestic services expected to decline (high-single-digit), reflecting intentional focus on higher-yield segments.

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$328.50

Target Price by Analysts

5% upsideFedex Target Price DetailsTarget Price
$273.57

Current Fair Value

12.6% downside

Overvalued by 12.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$76.00 Billion
Enterprise Value$105.64 Billion
Dividend Yield$4.72 (1.48%)
Earnings per Share$18.55
Beta1.3
Outstanding Shares241,000,000

Return

Return on Equity14.01%ROE
Return on Assets4.48%
Return on Invested Capital7.32%

Valuation & Multiples

P/E Ratio17.35P/E Ratio
PEG-571.83PEG
Price to Sales0.8Price to Sales
Price to Book Ratio2.39Price to Book Ratio
Enterprise Value to Revenue1.12
Enterprise Value to EBIT18.03
Enterprise Value to Net Income23
Total Debt to Enterprise0.41
Debt to Equity1.36Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 23, 2026
EPS Estimate
$5.91
Average shareholder expectation
Revenue Estimate
$22.91 B
Average shareholder expectation

Next Earnings Call

Expected Date
September 17, 2026
EPS Estimate
$4.21
Average shareholder expectation
Revenue Estimate
$22.95 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 %77.04% 0.16%
Total Invested$66.40B 22.59%
Investors Holding2,103 168.00%

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.