FedEx Corporation (FDX) Earnings History
Annual and quarterly earnings data from 1990 to 2025
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FDX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
FDX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 21.6% | 6.9% | 4.7% |
| 2024 | 21.6% | 7.2% | 4.9% |
| 2023 | 21.3% | 5.9% | 4.4% |
| 2022 | 21.6% | 7.0% | 4.1% |
| 2021 | 21.2% | 7.2% | 6.2% |
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FedEx Corporation (FDX) Earnings Overview
As of May 6, 2026, FedEx Corporation (FDX) reported trailing twelve-month net income of $4.48B, reflecting -2.3% year-over-year growth. The company earned $18.45 per diluted share over the past four quarters, with a net profit margin of 4.7%.
Looking at the long-term picture, FDX's 5-year EPS compound annual growth rate (CAGR) stands at +28.0%, indicating exceptional earnings growth. The company achieved its highest annual net income of $5.23B in fiscal 2021.
FedEx Corporation maintains positive profitability with a gross margin of 21.6%, operating margin of 6.9%, and net margin of 4.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including UPS ($5.25B net income, 6.3% margin), XPO ($348M net income, 3.9% margin), ODFL ($1.02B net income, 18.6% margin), FDX has room to improve margins relative to the peer group. Compare FDX vs UPS →
FDX Earnings vs Peers
Earnings metrics vs comparable public companies
FDX Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.09B | -5.5% | $6.08B | $16.81 | 4.7% | 6.9% |
| 2024 | $4.33B | +9.0% | $6.36B | $17.21 | 4.9% | 7.2% |
| 2023 | $3.97B | +3.8% | $5.34B | $15.49 | 4.4% | 5.9% |
| 2022 | $3.83B | -26.9% | $6.52B | $14.36 | 4.1% | 7.0% |
| 2021 | $5.23B | +306.8% | $6.02B | $19.48 | 6.2% | 7.2% |
| 2020 | $1.29B | +138.1% | $2.85B | $4.90 | 1.9% | 4.1% |
| 2019 | $540M | -88.2% | $4.79B | $2.04 | 0.8% | 6.9% |
| 2018 | $4.57B | +52.6% | $5.13B | $16.81 | 7.0% | 7.8% |
| 2017 | $3.00B | +64.7% | $5.42B | $11.07 | 5.0% | 9.0% |
| 2016 | $1.82B | +73.3% | $3.52B | $6.51 | 3.6% | 7.0% |
Full FDX Stock Analysis
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Start ComparisonFDX — Frequently Asked Questions
Quick answers to the most common questions about buying FDX stock.
Is FDX growing earnings?
FDX EPS of $18.45 reflects slowing growth at -2.3%, below the 5-year CAGR of +28.0%. TTM net income is $4.5B. Expansion rate has moderated.
What are FDX's profit margins?
FedEx Corporation net margin is +4.7%, with operating margin at +6.9%. Below-average margins reflect competitive or cost pressures.
How consistent are FDX's earnings?
FDX earnings data spans 1990-2025. The current earnings trend is -2.3% YoY. Historical data enables comparison across business cycles.