FedEx Revenue vs. Net Income

FDX Stock  USD 312.36  3.35  1.08%   
Based on the key profitability measurements obtained from FedEx's financial statements, FedEx may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in February. Profitability indicators assess FedEx's ability to earn profits and add value for shareholders.
 
Total Revenue  
First Reported
1985-08-31
Previous Quarter
22.2 B
Current Value
23.5 B
Quarterly Volatility
B
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, FedEx's Price To Sales Ratio is fairly stable compared to the past year. Operating Cash Flow Sales Ratio is likely to rise to 0.08 in 2026, whereas Days Sales Outstanding is likely to drop 50.07 in 2026. At this time, FedEx's Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 1.6 B in 2026, whereas Accumulated Other Comprehensive Income is likely to drop (1.3 B) in 2026. At this time, FedEx's Gross Profit is fairly stable compared to the past year. Gross Profit Margin is likely to rise to 0.48 in 2026, whereas Pretax Profit Margin is likely to drop 0.04 in 2026.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.480.25
Way Up
Pretty Stable
Net Profit Margin0.02640.0419
Way Down
Very volatile
Operating Profit Margin0.07070.0795
Fairly Down
Very volatile
Pretax Profit Margin0.04350.0557
Significantly Down
Pretty Stable
Return On Assets0.03440.042
Significantly Down
Slightly volatile
Return On Equity0.0880.13
Way Down
Very volatile
For FedEx profitability analysis, we use financial ratios and fundamental drivers that measure the ability of FedEx to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well FedEx utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between FedEx's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of FedEx over time as well as its relative position and ranking within its peers.

FedEx's Revenue Breakdown by Earning Segment

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For more information on how to buy FedEx Stock please use our How to Invest in FedEx guide.The next projected EPS of FedEx is estimated to be 4.0 with future projections ranging from a low of 3.49 to a high of 4.39. FedEx's most recent 12-month trailing earnings per share (EPS TTM) is at 18.08. Please be aware that the consensus of earnings estimates for FedEx is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
FedEx is projected to generate 4.0 in earnings per share on the 28th of February 2026. FedEx earnings estimates show analyst consensus about projected FedEx EPS (Earning Per Share). It derives the highest and the lowest estimates based on FedEx's historical volatility. Many public companies, such as FedEx, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

FedEx Revenue Breakdown by Earning Segment

By analyzing FedEx's earnings estimates, investors can diagnose different trends across FedEx's analyst sentiment over time as well as compare current estimates against different timeframes.
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FedEx. If investors know FedEx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FedEx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.13)
Dividend Share
5.73
Earnings Share
18.08
Revenue Per Share
379.339
Quarterly Revenue Growth
0.139
The market value of FedEx is measured differently than its book value, which is the value of FedEx that is recorded on the company's balance sheet. Investors also form their own opinion of FedEx's value that differs from its market value or its book value, called intrinsic value, which is FedEx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FedEx's market value can be influenced by many factors that don't directly affect FedEx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FedEx's value and its price as these two are different measures arrived at by different means. Investors typically determine if FedEx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FedEx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

FedEx Net Income vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining FedEx's current stock value. Our valuation model uses many indicators to compare FedEx value to that of its competitors to determine the firm's financial worth.
FedEx is rated # 2 in revenue category among its peers. It is rated # 4 in net income category among its peers making up about  0.05  of Net Income per Revenue. The ratio of Revenue to Net Income for FedEx is roughly  21.49 . At this time, FedEx's Total Revenue is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the FedEx's earnings, one of the primary drivers of an investment's value.

FedEx's Earnings Breakdown by Geography

FedEx Revenue vs. Competition

FedEx is rated # 2 in revenue category among its peers. Market size based on revenue of Industrials industry is currently estimated at about 357.54 Billion. FedEx totals roughly 87.93 Billion in revenue claiming about 25% of equities under Industrials industry.

FedEx Net Income vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

FedEx

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
87.93 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

FedEx

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
4.09 B
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

FedEx Net Income Comparison

FedEx is currently under evaluation in net income category among its peers.

FedEx Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in FedEx, profitability is also one of the essential criteria for including it into their portfolios because, without profit, FedEx will eventually generate negative long term returns. The profitability progress is the general direction of FedEx's change in net profit over the period of time. It can combine multiple indicators of FedEx, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-1.2 B-1.3 B
Operating Income3.1 B2.6 B
Income Before Tax1.9 B2.2 B
Total Other Income Expense Net-255 M-242.2 M
Net Income1.1 B1.6 B
Income Tax Expense784 M663.2 M
Net Income Applicable To Common Shares1.1 B2.1 B
Net Income From Continuing Ops1.1 B1.1 B
Non Operating Income Net Other1.3 B1.4 B
Net Interest Income-383.4 M-402.6 M
Interest Income417.4 M278.6 M
Change To Netincome941.9 M1.3 B
Net Income Per Share 15.16  15.91 
Income Quality 1.98  1.88 
Net Income Per E B T 0.68  0.48 

FedEx Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on FedEx. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of FedEx position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the FedEx's important profitability drivers and their relationship over time.

FedEx Earnings Estimation Breakdown

The calculation of FedEx's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of FedEx is estimated to be 4.0 with the future projection ranging from a low of 3.49 to a high of 4.39. Please be aware that this consensus of annual earnings estimates for FedEx is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
4.82
3.49
Lowest
Expected EPS
4.0
4.39
Highest

FedEx Earnings Projection Consensus

Suppose the current estimates of FedEx's value are higher than the current market price of the FedEx stock. In this case, investors may conclude that FedEx is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and FedEx's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 28th of February 2026Current EPS (TTM)
3087.4%
4.82
4.0
18.08

FedEx Earnings History

Earnings estimate consensus by FedEx analysts from Wall Street is used by the market to judge FedEx's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only FedEx's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

FedEx Quarterly Gross Profit

6.2 Billion

Retained Earnings is likely to rise to about 50 B in 2026, whereas Retained Earnings Total Equity is likely to drop slightly above 24.7 B in 2026. Common Stock Shares Outstanding is likely to rise to about 296.6 M in 2026. Net Income Applicable To Common Shares is likely to rise to about 2.1 B in 2026.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FedEx's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
306.90308.25309.60
Details
Intrinsic
Valuation
LowRealHigh
278.11322.26323.61
Details
Naive
Forecast
LowNextHigh
308.64309.98311.33
Details
32 Analysts
Consensus
LowTargetHigh
275.18302.39335.66
Details
Note that many institutional investors and large investment bankers can move markets due to the volume of FedEx assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards FedEx. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving FedEx's stock price in the short term.

FedEx Earnings per Share Projection vs Actual

Actual Earning per Share of FedEx refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering FedEx predict the company's earnings will be in the future. The higher the earnings per share of FedEx, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

FedEx Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as FedEx, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of FedEx should always be considered in relation to other companies to make a more educated investment decision.

FedEx Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact FedEx's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-12-18
2025-11-304.114.820.7117 
2025-09-18
2025-08-313.613.830.22
2025-06-24
2025-05-315.756.881.1319 
2025-03-20
2025-02-284.624.51-0.11
2024-12-19
2024-11-303.974.050.08
2024-09-19
2024-08-314.773.6-1.1724 
2024-06-25
2024-05-315.375.410.04
2024-03-21
2024-02-293.483.860.3810 
2023-12-19
2023-11-304.23.99-0.21
2023-09-20
2023-08-313.754.550.821 
2023-06-20
2023-05-314.884.940.06
2023-03-16
2023-02-282.743.410.6724 
2022-12-20
2022-11-302.823.180.3612 
2022-09-15
2022-08-315.143.44-1.733 
2022-06-23
2022-05-316.886.87-0.01
2022-03-17
2022-02-284.654.59-0.06
2021-12-16
2021-11-304.294.830.5412 
2021-09-21
2021-08-314.924.37-0.5511 
2021-06-24
2021-05-3155.010.01
2021-03-18
2021-02-283.243.470.23
2020-12-17
2020-11-304.014.830.8220 
2020-09-15
2020-08-312.724.872.1579 
2020-06-30
2020-05-311.572.530.9661 
2020-03-17
2020-02-291.271.410.1411 
2019-12-17
2019-11-302.792.51-0.2810 
2019-09-17
2019-08-313.153.05-0.1
2019-06-25
2019-05-314.835.010.18
2019-03-19
2019-02-283.13.03-0.07
2018-12-18
2018-11-303.934.030.1
2018-09-17
2018-08-313.83.46-0.34
2018-06-19
2018-05-315.715.910.2
2018-03-20
2018-02-283.113.720.6119 
2017-12-19
2017-11-302.883.180.310 
2017-09-19
2017-08-313.093.320.23
2017-06-20
2017-05-313.874.250.38
2017-03-21
2017-02-282.622.35-0.2710 
2016-12-20
2016-11-302.912.8-0.11
2016-09-20
2016-08-312.782.90.12
2016-06-21
2016-05-313.283.30.02
2016-03-16
2016-02-292.342.510.17
2015-12-16
2015-11-302.52.580.08
2015-09-16
2015-08-312.452.42-0.03
2015-06-17
2015-05-312.692.66-0.03
2015-03-18
2015-02-281.882.010.13
2014-12-17
2014-11-302.222.14-0.08
2014-09-17
2014-08-311.952.10.15
2014-06-18
2014-05-312.362.460.1
2014-03-19
2014-02-281.461.23-0.2315 
2013-12-18
2013-11-301.651.57-0.08
2013-09-18
2013-08-311.51.530.03
2013-06-19
2013-05-311.962.130.17
2013-03-20
2013-02-281.381.23-0.1510 
2012-12-19
2012-11-301.411.39-0.02
2012-09-18
2012-08-311.41.450.05
2012-06-19
2012-05-311.921.990.07
2012-03-22
2012-02-291.341.550.2115 
2011-12-15
2011-11-301.531.570.04
2011-09-22
2011-08-311.451.460.01
2011-06-22
2011-05-311.731.730.0
2011-03-17
2011-02-280.820.81-0.01
2010-12-16
2010-11-301.311.16-0.1511 
2010-09-16
2010-08-311.21.20.0
2010-06-16
2010-05-311.321.360.04
2010-03-18
2010-02-280.730.760.03
2009-12-17
2009-11-301.11.10.0
2009-09-17
2009-08-310.580.580.0
2009-06-17
2009-05-310.510.640.1325 
2009-03-19
2009-02-280.460.31-0.1532 
2008-12-18
2008-11-301.581.580.0
2008-09-18
2008-08-311.231.230.0
2008-06-18
2008-05-311.471.45-0.02
2008-03-20
2008-02-291.231.260.03
2007-12-20
2007-11-301.51.540.04
2007-09-20
2007-08-311.541.580.04
2007-06-20
2007-05-311.961.9-0.06
2007-03-21
2007-02-281.331.350.02
2006-12-20
2006-11-301.741.890.15
2006-09-21
2006-08-311.511.530.02
2006-06-21
2006-05-311.771.820.05
2006-03-22
2006-02-281.31.380.08
2005-12-21
2005-11-301.41.530.13
2005-09-21
2005-08-311.171.250.08
2005-06-23
2005-05-311.481.46-0.02
2005-03-17
2005-02-280.981.030.05
2004-12-16
2004-11-301.261.21-0.05
2004-09-22
2004-08-311.081.080.0
2004-06-23
2004-05-311.341.33-0.01
2004-03-17
2004-02-290.660.710.05
2003-12-17
2003-11-300.890.87-0.02
2003-09-17
2003-08-310.570.610.04
2003-06-24
2003-05-310.90.920.02
2003-03-19
2003-02-280.50.49-0.01
2002-12-18
2002-11-300.790.810.02
2002-09-19
2002-08-310.490.520.03
2002-06-25
2002-05-310.770.780.01
2002-03-20
2002-02-280.370.390.02
2001-12-19
2001-11-300.630.810.1828 
2001-09-20
2001-08-310.310.410.132 
2001-06-28
2001-05-310.520.640.1223 
2001-03-21
2001-02-280.380.37-0.01
2000-12-20
2000-11-300.660.670.01
2000-09-19
2000-08-310.540.580.04
2000-06-28
2000-05-310.810.850.04
2000-03-23
2000-02-290.340.390.0514 
1999-12-16
1999-11-300.550.570.02
1999-09-16
1999-08-310.540.52-0.02
1999-06-30
1999-05-310.70.730.03
1999-03-18
1999-02-280.230.270.0417 
1998-12-17
1998-11-300.530.620.0916 
1998-09-24
1998-08-310.490.50.01
1998-07-08
1998-05-310.570.570.0
1998-03-25
1998-02-280.290.330.0413 
1997-12-11
1997-11-300.490.46-0.03
1997-09-15
1997-08-310.370.60.2362 
1997-06-30
1997-05-310.540.570.03
1997-03-13
1997-02-280.260.270.01
1996-12-12
1996-11-300.370.40.03
1996-09-16
1996-08-310.320.27-0.0515 
1996-07-01
1996-05-310.420.50.0819 

Use FedEx in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FedEx position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FedEx will appreciate offsetting losses from the drop in the long position's value.

FedEx Pair Trading

FedEx Pair Trading Analysis

The ability to find closely correlated positions to FedEx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FedEx when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FedEx - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FedEx to buy it.
The correlation of FedEx is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FedEx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FedEx moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FedEx can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your FedEx position

In addition to having FedEx in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Investing Thematic Idea Now

Investing
Investing Theme
Companies involved in money management and investment banking services. The Investing theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Investing Theme or any other thematic opportunities.
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Additional Tools for FedEx Stock Analysis

When running FedEx's price analysis, check to measure FedEx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FedEx is operating at the current time. Most of FedEx's value examination focuses on studying past and present price action to predict the probability of FedEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FedEx's price. Additionally, you may evaluate how the addition of FedEx to your portfolios can decrease your overall portfolio volatility.