FedExHAM:FDX -1.91%83 Net Margin % is 4.40% as of Feb. 2026, which is 3% below its 10-year median of 4.53. GuruFocus rates HAM:FDX with a GF Score™ of 83/100 and a GF Value™ of €206.01. The stock has 8 warning signs investors should review. Among 1,008 Transportation companies, FedEx ranks worse than 50.5% on this metric.
Net margin is calculated as Net Income divided by its Revenue. FedEx's Net Income for the
three
months ended in Feb. 2026 was €893 Mil. FedEx's Revenue for the
three
months ended in Feb. 2026 was €20,304 Mil. Therefore, FedEx's net margin for the quarter that ended in Feb. 2026 was 4.40%.
The historical rank and industry rank for FedEx's Net Margin % or its related term are showing as below:
HAM:FDX'
s Net Margin % Range Over the Past 10 Years
Min: 0.77 Med: 4.53 Max: 6.99
Current: 4.88
HAM:FDX's Net Margin % is ranked worse than 50.5% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs HAM:FDX: 4.88
FedEx (HAM:FDX) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
FedEx Net Margin % Related Terms
FedEx Net Margin % Historical Data
* Premium members only.
The historical data trend for FedEx's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:FDX vs UPS, JBHT, FDXFw: Net Margin % Comparison
For the Integrated Freight & Logistics subindustry, FedEx's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FedEx Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, FedEx's Net Margin % distribution charts can be found below:
* The bar in red indicates where FedEx's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FedEx (HAM:FDX) has a Net Margin % of 4.40% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on FedEx and its competitors. This is near median its historical median of 4.53. Over the past decade, FedEx's Net Margin % has ranged from 0.77 to 6.99. According to the industry distribution chart, FedEx ranks #509 out of 1008 companies in the Transportation industry, placing it in the top 50.5%.
Is FedEx's Net Margin % too high?
FedEx's current Net Margin % of 4.40% is near median its 10-year median of 4.53. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 6.99. The Transportation industry median Net Margin % is 4.99. FedEx's value of 4.40% is 11.8% below this industry median. Based on the distribution chart, FedEx ranks #509 out of 1008 companies in the Transportation industry, which is below the industry midpoint. Overall, FedEx has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does FedEx's Net Margin % compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #509 out of 1008 companies for Net Margin %. This places FedEx in the lower half of its industry. The industry median Net Margin % is 4.99. FedEx's value of 4.40% is 11.8% below this benchmark. Historically, FedEx's own Net Margin % has ranged from 0.77 to 6.99 over the past decade. While the company's 10-year median is 4.53 vs. the industry median of 4.99, FedEx has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.99, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current Net Margin % of 4.40% is 11.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on FedEx and its competitors. For the Transportation industry, the median Net Margin % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current Net Margin % is 4.40%, which is near median its own 10-year median of 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FedEx stock overvalued right now?
FedEx (HAM:FDX) has a current Net Margin % of 4.40%. The stock's GF Value™ is €206.01, compared to a current price of €282.20 — trading 37% above its estimated fair value. The current Net Margin % is 4.40%, which is near median its 10-year median of 4.53 and 11.8% below the Transportation industry median of 4.99. FedEx's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For FedEx (HAM:FDX), the current Net Margin % is 4.40% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FedEx (HAM:FDX) Overvalued in 2026?
Based on GuruFocus' analysis, FedEx stock appears to be overvalued.
The current stock price of €282.20 is trading 37% above its estimated GF Value™ of €206.01.
Key valuation signals for HAM:FDX:
Net Margin %: 4.40% (near median its 10-year median of 4.53)
GF Value™: €206.01 vs. price of €282.20 (37% above fair value)
Industry Position: 11.8% below the Transportation median (#509 of 1008)
No single metric tells the full story. See the HAM:FDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. Following the June 2026 spinoff of FedEx Freight (less-than-truckload shipping), the firm's Federal Express segment—which houses the core package delivery operations—makes up more than 95% of total revenue (previously 87%). The remainder stems from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
83GF Score
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