FedEx Corporation (FDX) Operating Margin: 5.77%
Is FedEx Corporation’s operating margin high or low?
FedEx Corporation's operating margin of 5.77% is 13% below its 5-year average of 6.67%, near the low end of its 5-year range (5.77%–7.25%).
As of Wednesday, June 24, 2026. 9.06% below its 12-month average of 6.34%.
FDX Operating Margin Chart
Reported annual fiscal-period values; no daily interpolation.
FDX Average Operating Margin Chart
FDX Current vs Average Operating Margin Chart
FDX Operating Margin Metrics
OPERATING MARGIN
5.77%
OPERATING MARGIN AVG TTM
6.34%
OPERATING MARGIN AVG 3Y
6.46%
OPERATING MARGIN AVG 5Y
6.67%
OPERATING MARGIN AVG 10Y
6.80%
OPERATING MARGIN AVG 15Y
6.97%
OPERATING MARGIN AVG 20Y
6.97%
CURRENT VS TTM AVG
-9.06%
CURRENT VS 3Y AVG
-10.75%
CURRENT VS 5Y AVG
-13.49%
CURRENT VS 10Y AVG
-15.17%
CURRENT VS 15Y AVG
-17.18%
CURRENT VS 20Y AVG
-17.20%
FDX Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| FedEx Corporation (FDX) | $75.70B | 5.77% | 6.34% | 6.46% | 6.67% |
| Illinois Tool Works Inc. (ITW)vs › | $75.27B | 26.42% | 26.55% | 25.49% | 24.82% |
| TransDigm Group Incorporated (TDG)vs › | $72.58B | 46.51% | 45.81% | 44.20% | 41.06% |
| Emerson Electric Co. (EMR)vs › | $80.17B | 19.96% | 17.42% | 17.53% | 16.97% |
| Comfort Systems USA, Inc. (FIX)vs › | $68.55B | 15.69% | 12.54% | 9.81% | 8.67% |
| Norfolk Southern Corporation (NSC)vs › | $68.50B | 32.39% | 31.98% | 31.05% | 33.01% |
| Cintas Corporation (CTAS)vs › | $67.54B | 22.95% | 22.19% | 21.26% | 20.15% |
| 3M Company (MMM)vs › | $84.41B | 19.60% | 19.18% | 16.68% | 18.27% |
| CSX Corporation (CSX)vs › | $86.07B | 33.45% | 34.49% | 36.59% | 38.09% |
| Johnson Controls International plc (JCI)vs › | $86.20B | 13.57% | 11.27% | 10.80% | 10.46% |
Operating Efficiency
Gross Margin
26.4%
Operating Margin
5.8%
FedEx Corporation Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
FedEx Corporation Operating Margin FAQ
- What is the operating margin for FedEx Corporation (FDX)?
- The operating margin for FDX stock is 5.77%.
- Is FedEx Corporation's operating margin high or low?
- FedEx Corporation's operating margin of 5.77% is 13% below its 5-year average of 6.67%, near the low end of its 5-year range (5.77%–7.25%).
- What is the TTM average operating margin for FedEx Corporation (FDX)?
- The TTM average operating margin for FDX stock is 6.34%.
- What is the 3Y average operating margin for FedEx Corporation (FDX)?
- The 3Y average operating margin for FDX stock is 6.46%.
- What is the 5Y average operating margin for FedEx Corporation (FDX)?
- The 5Y average operating margin for FDX stock is 6.67%.
- What is the 10Y average operating margin for FedEx Corporation (FDX)?
- The 10Y average operating margin for FDX stock is 6.80%.
- What is the 15Y average operating margin for FedEx Corporation (FDX)?
- The 15Y average operating margin for FDX stock is 6.97%.
- What is the 20Y average operating margin for FedEx Corporation (FDX)?
- The 20Y average operating margin for FDX stock is 6.97%.
FedEx Corporation Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-05-31 | 5.77% |
| 2025-05-31 | 6.92% |
| 2024-05-31 | 7.25% |
| 2023-05-31 | 5.92% |
| 2022-05-31 | 6.98% |
| 2021-05-31 | 7.18% |
| 2020-05-31 | 4.12% |
| 2019-05-31 | 6.87% |
| 2018-05-31 | 7.84% |
| 2017-05-31 | 8.99% |
| 2016-05-31 | 6.98% |
| 2015-05-31 | 4.93% |
| 2014-05-31 | 7.56% |
| 2013-05-31 | 7.25% |
| 2012-05-31 | 7.78% |
| 2011-05-31 | 6.28% |
| 2010-05-31 | 5.80% |
| 2009-05-31 | 5.50% |
| 2008-05-31 | 7.79% |
| 2007-05-31 | 9.30% |
| 2006-05-31 | 9.33% |
| 2005-05-31 | 8.42% |
| 2004-05-31 | 5.83% |
| 2003-05-31 | 6.54% |
| 2002-05-31 | 6.41% |
| 2001-05-31 | 5.46% |
| 2000-05-31 | 6.69% |
| 1999-05-31 | 6.93% |
| 1998-05-31 | 6.37% |
| 1997-05-31 | -20.57% |
About FedEx Corporation
FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- CEO
- Rajesh Subramaniam