Company / Operating Margin
FedEx Operating Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
5.9%
FY2024
5-year range
5.5% / 6.7%
FY2020-FY2024
Trend
-6.5%
vs FY2023
Sector context
#195 of 304
Industrials
What the data says
At 5.9%, FedEx's operating margin ranks #195 of 304 in the Industrials sector. Operating Margin has fluctuated over the past 9 years, ranging from 5.5% in FY2022 to 27.9% in FY2017.
Based on SEC 10-K filings.
5.9% in FY2024 with a 5-year CAGR of -1.6%.
Improved from 5.5% to 5.9% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -0.8pp
- 5-Year Change
- -1.6pp
- 10-Year Change
- -
Sector benchmark
#195 of 304 in IndustrialsTop 64% of 304This company 5.9% Sector average -842.8%
▼
+100.7% above sector average
Key checks
Key Insights
- In FY2024, operating margin decreased 6.5% year-over-year.
- Currently 848.7pp above the Industrials sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.62 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 5.9% | -6.5% |
| FY2023 | 6.3% | +16.3% |
| FY2022 | 5.5% | -18.4% |
| FY2021 | 6.7% | -4.3% |
| FY2020 | 7.0% | -7.8% |
| FY2019 | 7.6% | -72.0% |
| FY2018 | 27.0% | -3.3% |
| FY2017 | 27.9% | +269.0% |
| FY2016 | 7.6% | +23.9% |
As of FY2024 · SEC 10-K · Updated Jul 2, 2026