PerpEquities

Equity · Industrials

Is FedEx (FDX) tradable as a perp? Not yet

FedEx Corporation provides global transportation, e-commerce, and business services through segments including Express, Ground, Freight, Services, and Corporate.

Not yet listed on any perp exchange

No perpetual-futures venue lists FDX yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:FDX

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Company data

Company fundamentals

Updated 15m ago
Market cap
$71.8B
Updated 15m ago
Revenue
$94.7B
Trailing 12 months
Revenue growth
-3%
Next fiscal year
Profit margin
+4.7%
P/E
16.5
Peer P/E 30.1
Free cash flow
$5.1B
Trailing 12 months
More metrics
Net income
$4.4B
Trailing 12 months
P/S
0.8
Peer P/E
30.1
Similar listed perps
Revenue estimate
$92B
Next fiscal year
Earnings
2026-10-28
Revenue est. $21.5B · Updated 15m ago
Dividend
$1.22
2026-09-14

Fundamental detail

Annual + quarterly
Latest revenue$94.7B
Net margin+4.7%
Free cash flow$5.1B
Net debt$29.6B
2021$83.8B
2022$93.5B
2023$90.2B
2024$87.7B
2025$87.9B
2026$94.7B
PeriodRevenueGrowthNet incomeFCF
2021$83.8B+21%$5.2B$4.3B
2022$93.5B+12%$3.8B$3.1B
2023$90.2B-4%$4B$2.6B
2024$87.7B-3%$4.3B$3.1B
2025$87.9B0%$4.1B$3B
2026$94.7B+8%$4.4B$5.1B
PeriodGross marginOperating marginNet marginROEROA
2021+21.2%+7.2%+6.2%+21.6%+6.3%
2022+21.6%+7.0%+4.1%+15.3%+4.4%
2023+21.3%+5.9%+4.4%+15.2%+4.6%
2024+21.6%+7.2%+4.9%+15.7%+5.0%
2025+21.6%+6.9%+4.7%+14.6%+4.7%
2026+21.8%+7.0%+4.7%+14.0%+4.5%
PeriodCashDebtNet debtCurrent ratio
2021$7.1B$36.5B$29.4B1.51
2022$6.9B$37.2B$30.3B1.43
2023$6.9B$38.3B$31.5B1.37
2024$6.5B$37.7B$31.2B1.36
2025$5.5B$37.4B$31.9B1.19
2026$13.3B$42.9B$29.6B1.48
PeriodMarket capEnterprise valueP/SP/E
2021$66.1B$95.5B0.812.7
2022$47.6B$77.9B0.512.5
2023$44.6B$76.1B0.511.2
2024$50.7B$81.9B0.611.7
2025$42.7B$74.6B0.510.4
2026$80.9B$110.5B0.918.2
Q1 2025$21.6B
Q2 2025$22B
Q3 2025$22.2B
Q4 2025$22.2B
Q1 2026$22.2B
Q2 2026$23.5B
Q3 2026$24B
Q4 2026$25B
PeriodRevenueGrowthNet incomeFCF
Q1 2025$21.6B0%$794M$420M
Q2 2025$22B-1%$741M$500M
Q3 2025$22.2B+2%$909M$1B
Q4 2025$22.2B+1%$1.6B$1B
Q1 2026$22.2B+3%$824M$1.1B
Q2 2026$23.5B+7%$956M$1.2B
Q3 2026$24B+8%$1.1B$1B
Q4 2026$25B+13%$1.6B$1.8B
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+20.3%+5.6%+3.7%+2.9%+0.9%
Q2 2025+20.8%+6.3%+3.4%+2.8%+0.9%
Q3 2025+21.3%+6.6%+4.1%+3.4%+1.1%
Q4 2025+23.9%+8.9%+7.4%+5.9%+1.9%
Q1 2026+21.1%+5.8%+3.7%+3.0%+0.9%
Q2 2026+26.4%+5.9%+4.1%+3.4%+1.1%
Q3 2026+21.3%+6.7%+4.4%+3.5%+1.1%
Q4 2026+22.7%+8.4%+6.4%+5.0%+1.6%
PeriodCashDebtNet debtCurrent ratio
Q1 2025$5.9B$37.8B$31.8B1.28
Q2 2025$5B$37.3B$32.2B1.23
Q3 2025$5.1B$37B$31.9B1.24
Q4 2025$5.5B$37.4B$31.9B1.19
Q1 2026$6.2B$37.9B$31.7B1.25
Q2 2026$6.6B$37.8B$31.2B1.27
Q3 2026$8B$42B$34B1.47
Q4 2026$13.3B$42.9B$29.6B1.48
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$59.5B$91.3B2.818.6
Q2 2025$59B$91.2B2.719.8
Q3 2025$50.8B$82.7B2.314.0
Q4 2025$41.8B$73.7B1.96.3
Q1 2026$45.2B$77B2.013.4
Q2 2026$53.5B$84.7B2.314.0
Q3 2026$75.7B$109.7B3.217.9
Q4 2026$81.6B$111.2B3.312.8

Refreshed 15m ago

Charts: revenue, profit, cash flow & valuation
Revenue$25BQ4 2026
$6.3B$12.5B$18.8B$25BQ1 2024: $21.7BQ2 2024: $22.2BQ3 2024: $21.7BQ4 2024: $22.1BQ1 2025: $21.6BQ2 2025: $22BQ3 2025: $22.2BQ4 2025: $22.2BQ1 2026: $22.2BQ2 2026: $23.5BQ3 2026: $24BQ4 2026: $25BQ1 2024Q4 2026
Net income$1.6BQ4 2026
$412M$824M$1.2B$1.6BQ1 2024: $1.1BQ2 2024: $900MQ3 2024: $879MQ4 2024: $1.5BQ1 2025: $794MQ2 2025: $741MQ3 2025: $909MQ4 2025: $1.6BQ1 2026: $824MQ2 2026: $956MQ3 2026: $1.1BQ4 2026: $1.6BQ1 2024Q4 2026
EBITDA$3.2BQ4 2026
$851M$1.7B$2.6B$3.4BQ1 2024: $2.6BQ2 2024: $2.3BQ3 2024: $2.3BQ4 2024: $3.2BQ1 2025: $2.2BQ2 2025: $2.1BQ3 2025: $2.4BQ4 2025: $3.4BQ1 2026: $2.3BQ2 2026: $2.4BQ3 2026: $2.7BQ4 2026: $3.2BQ1 2024Q4 2026
Free cash flow$1.8BQ4 2026
$447.8M$895.5M$1.3B$1.8BQ1 2024: $940MQ2 2024: $469MQ3 2024: $231MQ4 2024: $1.5BQ1 2025: $420MQ2 2025: $500MQ3 2025: $1BQ4 2025: $1BQ1 2026: $1.1BQ2 2026: $1.2BQ3 2026: $1BQ4 2026: $1.8BQ1 2024Q4 2026
EPS$6.6Q4 2026
$1.72$3.44$5.16$6.88Q1 2024: $4.24Q2 2024: $3.55Q3 2024: $3.51Q4 2024: $5.94Q1 2025: $3.21Q2 2025: $3.03Q3 2025: $3.76Q4 2025: $6.88Q1 2026: $3.46Q2 2026: $3.93Q3 2026: $4.35Q4 2026: $6.6Q1 2024Q4 2026
Cash / Debt$13.3BQ4 2026
$10.7B$21.5B$32.2B$42.9BQ1 2024 · Cash: $7.1BQ1 2024 · Debt: $38.2BQ2 2024 · Cash: $6.7BQ2 2024 · Debt: $38.2BQ3 2024 · Cash: $5.6BQ3 2024 · Debt: $37.5BQ4 2024 · Cash: $6.5BQ4 2024 · Debt: $37.7BQ1 2025 · Cash: $5.9BQ1 2025 · Debt: $37.8BQ2 2025 · Cash: $5BQ2 2025 · Debt: $37.3BQ3 2025 · Cash: $5.1BQ3 2025 · Debt: $37BQ4 2025 · Cash: $5.5BQ4 2025 · Debt: $37.4BQ1 2026 · Cash: $6.2BQ1 2026 · Debt: $37.9BQ2 2026 · Cash: $6.6BQ2 2026 · Debt: $37.8BQ3 2026 · Cash: $8BQ3 2026 · Debt: $42BQ4 2026 · Cash: $13.3BQ4 2026 · Debt: $42.9BQ1 2024Q4 2026
CashDebt
Profitability+22.7%Q4 2026
+6.6%+13.2%+19.8%+26.4%Q1 2024 · Gross margin: +21.7%Q2 2024 · Gross margin: +20.6%Q3 2024 · Gross margin: +20.9%Q4 2024 · Gross margin: +23.2%Q1 2025 · Gross margin: +20.3%Q2 2025 · Gross margin: +20.8%Q3 2025 · Gross margin: +21.3%Q4 2025 · Gross margin: +23.9%Q1 2026 · Gross margin: +21.1%Q2 2026 · Gross margin: +26.4%Q3 2026 · Gross margin: +21.3%Q4 2026 · Gross margin: +22.7%Q1 2024 · Operating margin: +7.3%Q2 2024 · Operating margin: +6.4%Q3 2024 · Operating margin: +6.2%Q4 2024 · Operating margin: +9.0%Q1 2025 · Operating margin: +5.6%Q2 2025 · Operating margin: +6.3%Q3 2025 · Operating margin: +6.6%Q4 2025 · Operating margin: +8.9%Q1 2026 · Operating margin: +5.8%Q2 2026 · Operating margin: +5.9%Q3 2026 · Operating margin: +6.7%Q4 2026 · Operating margin: +8.4%Q1 2024 · Net margin: +5.0%Q2 2024 · Net margin: +4.1%Q3 2024 · Net margin: +4.0%Q4 2024 · Net margin: +6.7%Q1 2025 · Net margin: +3.7%Q2 2025 · Net margin: +3.4%Q3 2025 · Net margin: +4.1%Q4 2025 · Net margin: +7.4%Q1 2026 · Net margin: +3.7%Q2 2026 · Net margin: +4.1%Q3 2026 · Net margin: +4.4%Q4 2026 · Net margin: +6.4%Q1 2024Q4 2026
Gross marginOperating marginNet margin
Revenue growth+12.5%Q4 2026
+2.5%+5.8%+9.2%+12.5%Q1 2025: -0.5%Q2 2025: -0.9%Q3 2025: +1.9%Q4 2025: +0.5%Q1 2026: +3.1%Q2 2026: +6.8%Q3 2026: +8.3%Q4 2026: +12.5%Q1 2024Q4 2026
Shares outstanding241MQ4 2026
63.5M127M190.5M254MQ1 2024: 254MQ2 2024: 253MQ3 2024: 250MQ4 2024: 248MQ1 2025: 247.4MQ2 2025: 244MQ3 2025: 244MQ4 2025: 238MQ1 2026: 243MQ2 2026: 243MQ3 2026: 243MQ4 2026: 241MQ1 2024Q4 2026
Valuation12.8Q4 2026
5.09.914.919.8Q1 2024 · P/E: 12.2Q2 2024 · P/E: 14.5Q3 2024 · P/E: 14.1Q4 2024 · P/E: 8.6Q1 2025 · P/E: 18.6Q2 2025 · P/E: 19.8Q3 2025 · P/E: 14.0Q4 2025 · P/E: 6.3Q1 2026 · P/E: 13.4Q2 2026 · P/E: 14.0Q3 2026 · P/E: 17.9Q4 2026 · P/E: 12.8Q1 2024 · P/S: 2.4Q2 2024 · P/S: 2.4Q3 2024 · P/S: 2.3Q4 2024 · P/S: 2.3Q1 2025 · P/S: 2.8Q2 2025 · P/S: 2.7Q3 2025 · P/S: 2.3Q4 2025 · P/S: 1.9Q1 2026 · P/S: 2.0Q2 2026 · P/S: 2.3Q3 2026 · P/S: 3.2Q4 2026 · P/S: 3.3Q1 2024Q4 2026
P/EP/S
Revenue$94.7B2026
$23.7B$47.4B$71B$94.7B2019: $69.7B2020: $69.2B2021: $83.8B2022: $93.5B2023: $90.2B2024: $87.7B2025: $87.9B2026: $94.7B20192026
Net income$4.4B2026
$1.3B$2.6B$3.9B$5.2B2019: $540M2020: $1.3B2021: $5.2B2022: $3.8B2023: $4B2024: $4.3B2025: $4.1B2026: $4.4B20192026
EBITDA$11.1B2026
$2.8B$5.6B$8.4B$11.3B2019: $4.6B2020: $6B2021: $11.3B2022: $9.6B2023: $10.2B2024: $10.9B2025: $10.5B2026: $11.1B20192026
Free cash flow$5.1B2026
$700.8M$2.2B$3.6B$5.1B2019: $123M2020: -$771M2021: $4.3B2022: $3.1B2023: $2.6B2024: $3.1B2025: $3B2026: $5.1B20192026
EPS$18.62026
$4.87$9.74$14.6$19.52019: $2.042020: $4.92021: $19.52022: $14.42023: $15.52024: $17.22025: $16.82026: $18.620192026
Cash / Debt$13.3B2026
$10.7B$21.5B$32.2B$42.9B2019 · Cash: $2.3B2019 · Debt: $17.6B2020 · Cash: $4.9B2020 · Debt: $36.1B2021 · Cash: $7.1B2021 · Debt: $36.5B2022 · Cash: $6.9B2022 · Debt: $37.2B2023 · Cash: $6.9B2023 · Debt: $38.3B2024 · Cash: $6.5B2024 · Debt: $37.7B2025 · Cash: $5.5B2025 · Debt: $37.4B2026 · Cash: $13.3B2026 · Debt: $42.9B20192026
CashDebt
Profitability+21.8%2026
+5.4%+10.9%+16.3%+21.8%2019 · Gross margin: +21.3%2020 · Gross margin: +19.3%2021 · Gross margin: +21.2%2022 · Gross margin: +21.6%2023 · Gross margin: +21.3%2024 · Gross margin: +21.6%2025 · Gross margin: +21.6%2026 · Gross margin: +21.8%2019 · Operating margin: +6.9%2020 · Operating margin: +4.1%2021 · Operating margin: +7.2%2022 · Operating margin: +7.0%2023 · Operating margin: +5.9%2024 · Operating margin: +7.2%2025 · Operating margin: +6.9%2026 · Operating margin: +7.0%2019 · Net margin: +0.8%2020 · Net margin: +1.9%2021 · Net margin: +6.2%2022 · Net margin: +4.1%2023 · Net margin: +4.4%2024 · Net margin: +4.9%2025 · Net margin: +4.7%2026 · Net margin: +4.7%20192026
Gross marginOperating marginNet margin
Revenue growth+7.7%2026
+2.6%+8.7%+14.9%+21.1%2020: -0.7%2021: +21.1%2022: +11.6%2023: -3.6%2024: -2.7%2025: +0.3%2026: +7.7%20192026
Shares outstanding239M2026
67M134M201M268M2019: 265M2020: 262M2021: 268M2022: 266M2023: 256M2024: 251M2025: 243M2026: 239M20192026
Valuation18.22026
15.130.245.260.32019 · P/E: 60.32020 · P/E: 21.22021 · P/E: 12.72022 · P/E: 12.52023 · P/E: 11.22024 · P/E: 11.72025 · P/E: 10.42026 · P/E: 18.22019 · P/S: 0.52020 · P/S: 0.42021 · P/S: 0.82022 · P/S: 0.52023 · P/S: 0.52024 · P/S: 0.62025 · P/S: 0.52026 · P/S: 0.920192026
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202717.69$92B-3%7
FY 202821.37$94.6B0%4
FY 202924.16$97.1B+2%1
FY 203026.04$100.2B+6%1
FY 203129.67$104.3B+10%1
Q3 20284.96$23.7B-1%2

Company events

6
2027-03-25EarningsActual - / Estimate 3.47-
2027-02-02EarningsActual - / Estimate 6.32-
2026-10-28EarningsActual - / Estimate 3.63-
2026-09-14Dividend$1.22-
2026-06-23EarningsActual 6.31 / Estimate 5.96Beat
2026-06-22Dividend$1.22-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
NOC$74.9B1.716.7+10.5%3HWM$91.9B10.149.2+20.5%1GD$95.5B1.721.2+8.2%2PWR$95.7B2.972.0+4.1%1VRT$96B8.455.2+15.1%13ROK$46.2B5.238.9+13.4%5SUMIELEC$41.4B1.216.2+7.6%2RKLB$37.4B48.6-233.2-21.5%23

Analyst track record

How the analysts covering FDX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings185468
Analysts3044
Buy / hold / sell130 / 45 / 10326 / 120 / 22
Upgrades / downgrades / initiations5 / 4 / 513 / 13 / 10
Price targets hit / missed47 / 130 (27%)187 / 254 (42%)
Avg. return after a rating (TipRanks)-11.0%-1.8%
Best / worst call+91.2% / -36.1%+91.2% / -36.1%

After buy calls on this stock: median 21-day move +1.1% vs S&P 500 -0.6% (n = 328)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Ravi ShankerMorgan Stanley100% hit rate on this stock · 9 targets measuredSelltarget $160Sep 18, 2026
  2. Ariel RosaCiti55% hit rate on this stock · 11 targets measuredBuytarget $359Sep 10, 2026
  3. Brian OssenbeckJ.P. Morgan36% hit rate on this stock · 11 targets measuredBuytarget $400Sep 8, 2026

Latest ratings

DateAnalystCallTarget
Sep 18, 2026Ravi ShankerMorgan StanleySellReiterated$160article ↗
Sep 10, 2026Ariel RosaCitiBuyMaintained$359article ↗
Sep 8, 2026Brian OssenbeckJ.P. MorganBuyReiterated$400article ↗
Sep 2, 2026Jordan AlligerGoldman SachsBuyMaintained$375article ↗
Sep 3, 2026Alex IrvingBernsteinBuyMaintained$397article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$200$250$300$350$400Oct 25 · Buy 14 · Hold 7 · Sell 2Oct 25Nov 25 · Buy 14 · Hold 7 · Sell 2Dec 25 · Buy 13 · Hold 7 · Sell 2Dec 25Jan 26 · Buy 16 · Hold 8 · Sell 2Feb 26 · Buy 18 · Hold 6 · Sell 3Feb 26Mar 26 · Buy 17 · Hold 7 · Sell 1Apr 26 · Buy 17 · Hold 7 · Sell 1Apr 26May 26 · Buy 18 · Hold 6 · Sell 1Jun 26 · Buy 19 · Hold 5 · Sell 1Jun 26Jul 26 · Buy 21 · Hold 3 · Sell 1Aug 26 · Buy 22 · Hold 3 · Sell 1Aug 26Sep 26 · Buy 22 · Hold 2 · Sell 1Oct 25 · avg. target $267Nov 25 · avg. target $271Dec 25 · avg. target $298Jan 26 · avg. target $306Feb 26 · avg. target $358Mar 26 · avg. target $396Apr 26 · avg. target $405May 26 · avg. target $408Jun 26 · avg. target $371Jul 26 · avg. target $375Aug 26 · avg. target $373Sep 26 · avg. target $371Oct 25 · month-end close $204Nov 25 · month-end close $222Dec 25 · month-end close $233Jan 26 · month-end close $259Feb 26 · month-end close $312Mar 26 · month-end close $287Apr 26 · month-end close $325May 26 · month-end close $332Jun 26 · month-end close $313Jul 26 · month-end close $307Aug 26 · month-end close $327Sep 26 · month-end close $306

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 185 ratings