FedEx Corporation (FDX) is listed on NYSE and operates in the Integrated Freight & Logistics industry (Industrials sector).
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2022, this segment had approximately 30,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and document and business services, as well as retail access to its customers for its package transportation businesses. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 27 |
| Hold | 19 |
| Sell | 3 |
| Strong Sell | 0 |
FedEx Corporation, founded in 1971 and headquartered in Memphis, Tennessee, operates in transportation, e-commerce, and business services both domestically and internationally. The FedEx Express segment provides express transportation, small-package ground delivery, freight transportation, and cross-border e-commerce solutions. FedEx Ground focuses on day-certain delivery services for businesses and residences. FedEx Freight offers less-than-truckload freight transportation, with a fleet of approximately 30,000 vehicles and 400 service centers as of May 31, 2022. The FedEx Services segment delivers sales, marketing, IT, customer service, and back-office support. Additionally, the Corporate, Other and Eliminations segment provides supply chain management, specialty transportation, customs brokerage, and global freight forwarding services.
Over the past three fiscal years, the company has demonstrated a mixed performance across various financial metrics. Revenue showed an inconsistent trend, decreasing at a CAGR of -1.2% from $90.2 billion in 2023 to $87.9 billion in 2025. Despite this revenue decline, the company managed to improve its profitability, with operating margins increasing by 1.0pp from 5.9% to 6.9%, and net margins rising by 0.2pp to 4.7% over the same period. This margin expansion suggests effective cost management and operational efficiency. Earnings per share (EPS) grew at a CAGR of 4.2%, reaching $16.81 in 2025, partly amplified by a 5.1% reduction in share count through buybacks, which enhanced per-share value creation. On the cash flow front, operating cash flow consistently decreased, with a notable decline from $8.8 billion in 2023 to $7.0 billion in 2025. However, free cash flow (FCF) increased to $3.0 billion in 2025, with FCF margins improving by 0.5pp to 3.4%, indicating better cash conversion efficiency. The company's capital efficiency improved as reflected by a decreasing capex intensity, now at 4.6%, and a rising FCF conversion rate, which reached 42.4%. Despite these improvements, net debt increased slightly, reaching $31.9 billion, while interest coverage remained robust at 7.9x, suggesting manageable leverage levels. Overall, the company has shown resilience in profitability and cash generation amidst revenue challenges, supported by strategic share buybacks and improved capital efficiency.
Recent news for FedEx Corporation centers around significant insider and institutional trading activity. On April 19, a FedEx director sold shares worth approximately $2.14 million at an average price of $369. Additionally, Gina Adams sold 20,450 shares, totaling around $7.49 million. Institutional changes include Focused Investors LLC selling 14,200 shares, representing a 9% reduction in their holdings during the fourth quarter. Meanwhile, Baxter Bros Inc. sold 3,538 shares. Conversely, Mirae Asset Global Investments Co. Ltd. acquired 6,864 shares, and Bingham Private Wealth LLC purchased 3,134 shares valued at approximately $905,000. These transactions reflect routine portfolio adjustments and do not necessarily indicate shifts in the company's strategic outlook. In other developments, FedEx, alongside DHL and UPS, has begun filing for tariff refunds following a Supreme Court decision that deemed certain duties illegal. This move could potentially recover up to $127 billion for importers. Additionally, FedEx's CFO, John Dietrich, announced his departure, raising questions about timing, although UBS maintains that the company's strategy remains intact.