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FedEx Corp

FedEx Corp

FDX
$312.98USD↓-1.64%-5.22 today

MARKET CAP

74.7B

P/E (TTM)

15.5x

FWD P/E

15.2x

DAY RANGE

$312 – $319

52W RANGE

$216
$414

AI Summary

Stalk
TrimMedium

FDX remains in a Stage 4 decline with sequential lower highs and lower lows evident below the short- and intermediate-term EMAs. Medium-term bias is bearish, permitting only sell-side engagement. Short-term timing is neutral, suggesting deferred execution and looking to trim into rallies toward the 9, 21, and 50 EMA cluster. The long-term uptrend remains structurally intact, but the current decay under multiple EMAs argues for defensive sell-side activity.

  • ↑Q4 FY26 revenue rose 8% to $93.5B; adjusted EPS up 16% to $20.24.
  • ↑High-margin B2B services drove ~50% of revenue growth, with volume and yield rising quarterly.
  • ↓Global trade policy changes forecast a $1B revenue headwind, pressuring international lanes.
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The case for & against

Bull & Bear analysis

Bullish

FedEx Corporation (NYSE: FDX) is a global leader in the logistics and transportation industry, specializing in integrated shipping solutions that encompass express parcel delivery, freight transportation, and logistics services. The company is strategically positioned to capitalize on growth in e-commerce and B2B markets, with a significant focus on enhancing operational efficiency and embracing technological advancements. FedEx is involved in a broader industry transition, illustrated by its recent initiatives such as the upcoming spinoff of its Freight segment, which aims to unlock shareholder value and streamline operations.

Bull says

  • ↑Q4 FY26 revenue rose 8% to $93.5B; adjusted EPS up 16% to $20.24.
  • ↑High-margin B2B services drove ~50% of revenue growth, with volume and yield rising quarterly.
  • ↑Q4 adjusted operating income grew 17%; FY26 CapEx at $3.8B, lowest ratio to sales.
  • ↑Announced $1B buyback and 5% dividend increase; yielding 3.53% for income investors.
  • ↑Strong momentum factor and high earnings yield; moderate leverage enhances financial stability.
  • ↑Freight spinoff planned to unlock value and sharpen focus on core operations.

Bear says

  • ↓Global trade policy changes forecast a $1B revenue headwind, pressuring international lanes.
  • ↓Freight division saw a $70M drop in adjusted operating income on LTL softness.
  • ↓EPS guidance of $16.90–18.10 signals cautious outlook amid macro uncertainty.
  • ↓Execution of $1B Network 2.0 cost-saving target remains critical and uncertain.
  • ↓Weak profitability and growth factors raise margin concerns; analyst revisions trending down.
  • ↓Negative liquidity outlook and lower institutional interest may strain financial flexibility.

Investment themes with FDX

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM
Logistics↓ -0.07%

UNP · UBER · FDX

Earnings Call · Q4 2025 · Mgmt. Guidance

Updated 07-14-2026neutral

Transcript signals

Bull points

  • FedEx Corporation's fourth quarter earnings conference call
  • This performance reflects the progress we have made on our strategic transformation, which continues to position FedEx for long-term value creation.
  • In FY25, we delivered on our $2.2 billion drive structural cost reduction commitment.

Bear points

  • Consistent with the trends over the last several quarters, our higher margin B2B volumes remain pressured, which affected both FEC and freight results.
  • The global demand environment remains volatile.
  • For both segments, a better-than-expected May more than offset a softer-than-expected April.
Read full transcript analysis ›