TTM
11.5%
YoY change
−0.46pp
Trough year (1997)
-27.3%
Peak year (1987)
19.2%
Latest annual
11.9%
EBITDA Margin history chart for FedEx (FDX) from 1986 to 2025
Latest: 11.9%
EBITDA Margin change chart for FedEx (FDX) from 1986 to 2025
Latest: −0.46pp
EBITDA Margin history table for FedEx (FDX) from 1986 to 2025
| 2025 | 11.9% | -0.46pp | ||
| 2024 | 12.4% | +1.04pp | ||
| 2023 | 11.4% | +1.13pp | ||
| 2022 | 10.2% | -3.22pp | ||
| 2021 | 13.4% | +4.83pp | ||
| 2020 | 8.6% | +2.01pp | ||
| 2019 | 6.6% | -5.64pp | ||
| 2018 | 12.2% | -1.17pp | ||
| 2017 | 13.4% | +2.07pp | ||
| 2016 | 11.3% | +1.91pp | ||
| 2015 | 9.4% | -3.82pp | ||
| 2014 | 13.2% | +2.13pp | ||
| 2013 | 11.1% | -1.32pp | ||
| 2012 | 12.4% | +1.43pp | ||
| 2011 | 11.0% | -0.32pp | ||
| 2010 | 11.3% | +3.61pp | ||
| 2009 | 7.7% | -2.99pp | ||
| 2008 | 10.7% | -3.77pp | ||
| 2007 | 14.5% | +0.25pp | ||
| 2006 | 14.2% | +0.82pp | ||
| 2005 | 13.4% | +3.05pp | ||
| 2004 | 10.4% | -1.61pp | ||
| 2003 | 12.0% | -0.22pp | ||
| 2002 | 12.2% | +11.21pp | ||
| 2001 | 1.0% | +4.67pp | ||
| 2000 | -3.7% | -12.10pp | ||
| 1999 | 8.4% | -1.33pp | ||
| 1998 | 9.7% | +37.06pp | ||
| 1997 | -27.3% | -0.64pp | ||
| 1996 | -26.7% | -39.92pp | ||
| 1995 | 13.2% | +35.41pp | ||
| 1994 | -22.2% | -34.27pp | ||
| 1993 | 12.1% | +0.79pp | ||
| 1992 | 11.3% | -3.17pp | ||
| 1991 | 14.5% | +1.65pp | ||
| 1990 | 12.8% | -3.10pp | ||
| 1989 | 15.9% | -1.30pp | ||
| 1988 | 17.2% | -1.99pp | ||
| 1987 | 19.2% | +3.59pp | ||
| 1986 | 15.6% | — |
- 202511.9%-0.46pp
- 202412.4%+1.04pp
- 202311.4%+1.13pp
- 202210.2%-3.22pp
- 202113.4%+4.83pp
- 20208.6%+2.01pp
- 20196.6%-5.64pp
- 201812.2%-1.17pp
- 201713.4%+2.07pp
- 201611.3%+1.91pp
- 20159.4%-3.82pp
- 201413.2%+2.13pp
- 201311.1%-1.32pp
- 201212.4%+1.43pp
- 201111.0%-0.32pp
- 201011.3%+3.61pp
- 20097.7%-2.99pp
- 200810.7%-3.77pp
- 200714.5%+0.25pp
- 200614.2%+0.82pp
- 200513.4%+3.05pp
- 200410.4%-1.61pp
- 200312.0%-0.22pp
- 200212.2%+11.21pp
- 20011.0%+4.67pp
- 2000-3.7%-12.10pp
- 19998.4%-1.33pp
- 19989.7%+37.06pp
- 1997-27.3%-0.64pp
- 1996-26.7%-39.92pp
- 199513.2%+35.41pp
- 1994-22.2%-34.27pp
- 199312.1%+0.79pp
- 199211.3%-3.17pp
- 199114.5%+1.65pp
- 199012.8%-3.10pp
- 198915.9%-1.30pp
- 198817.2%-1.99pp
- 198719.2%+3.59pp
- 198615.6%—
EBITDA Margin values are taken from FedEx's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at FedEx (FDX)
According to FedEx's latest reported financial statements, the company's latest reported EBITDA margin is 11.5%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, FedEx (FDX) reported EBITDA margin of 11.94% – contracted 0.5 percentage points year-over-year.
19.20% stands as the all-time-high annual EBITDA margin, posted in 1987, against a low of -27.32% during 1997.
FedEx EBITDA Margin by Year
FedEx EBITDA Margin 2025: 11.9%
2025's EBITDA margin for FedEx came in at 11.94%, contracted 0.5 percentage points from 2024.
FedEx EBITDA Margin 2024: 12.4%
FedEx posted EBITDA margin of 12.39% in 2024, expanded 1.0 percentage points from 2023.
FedEx EBITDA Margin 2023: 11.4%
In 2023, FedEx reported EBITDA margin of 11.35%, expanded 1.1 percentage points from 2022.
FedEx EBITDA Margin 2022: 10.2%
FedEx EBITDA margin in 2022 was 10.22%, contracted 3.2 percentage points from 2021.
FedEx EBITDA Margin 2021: 13.4%
FedEx EBITDA margin in 2021 was 13.44%.
See more financial history for FedEx (FDX).
Sector peers by EBITDA Margin
Industrials peers of FedEx (FDX), ranked by their latest EBITDA margin
| 52.5% | |
| 22.8% | |
| 22.5% | |
| 21.6% | |
| 20.7% | |
| 17.8% | |
| 17.1% | |
| 7.9% |
- 52.5%
- 22.8%
- 22.5%
- 21.6%
- 17.1%
- 7.9%
Frequently asked questions
FedEx (FDX) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation