Fedex annual gross margin
2017
2018
2019
2023
2024
2025
2026
Fedex Gross Margin Growth & History (FDX)
Fedex's gross margin was 21.77% for fiscal 2026.
View full Fedex company overviewFedex annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-05-31 | 21.77% | +0.17 pp |
| 2025 | 2025-05-31 | 21.60% | −0.01 pp |
| 2024 | 2024-05-31 | 21.61% | +0.35 pp |
| 2023 | 2023-05-31 | 21.26% | — |
| 2019 | 2019-05-31 | 76.10% | −0.82 pp |
| 2018 | 2018-05-31 | 76.93% | −0.48 pp |
| 2017 | 2017-05-31 | 77.40% | — |
Fedex quarterly gross margin
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-05-31 | 22.69% | −1.21 pp |
| Q3 2026 | 2026-02-28 | 21.35% | — |
| Q2 2026 | 2025-11-30 | 21.87% | — |
| Q1 2026 | 2025-08-31 | 21.10% | — |
| Q4 2025 | 2025-05-31 | 23.89% | — |
| Q1 2020 | 2019-08-31 | 76.37% | −0.36 pp |
| Q4 2019 | 2019-05-31 | 77.04% | −0.54 pp |
| Q3 2019 | 2019-02-28 | 75.00% | −1.19 pp |
| Q2 2019 | 2018-11-30 | 75.62% | −0.84 pp |
| Q1 2019 | 2018-08-31 | 76.74% | −0.74 pp |
| Q4 2018 | 2018-05-31 | 77.58% | — |
| Q3 2018 | 2018-02-28 | 76.19% | — |
| Q2 2018 | 2017-11-30 | 76.46% | — |
| Q1 2018 | 2017-08-31 | 77.48% | — |
Fedex gross margin trends
Between the periods ended 2017-05-31 and 2026-05-31, Fedex's gross margin decreased from 77.40% to 21.77%, a change of −55.63 percentage points. The latest reported quarter, Q4 2026, shows 22.69%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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