FedEx (FDX) Dividend Payout Ratio: 0.28 (As of Feb. 2026) — 75% Above Median


FDX FedEx Corp FDX
83 GF Score
Price $316.83
GF Value $231.61
Valuation Significantly Overvalued
! 8 Warning Signs
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What is FedEx Dividend Payout Ratio?

FedEx FDX -0.13% 83 Dividend Payout Ratio is 0.28 as of Feb. 2026, which is 75% above its 10-year median of 0.16. GuruFocus rates FDX with a GF Score™ of 83/100 and a GF Value™ of $231.61 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 566 Transportation companies, FedEx ranks better than 71.55% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. FedEx's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.28.

The historical rank and industry rank for FedEx's Dividend Payout Ratio or its related term are showing as below:

FDX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.16   Max: 0.31
Current: 0.29

During the past 13 years, the highest Dividend Payout Ratio of FedEx was 0.31. The lowest was 0.09. And the median was 0.16.

FDX's Dividend Payout Ratio is ranked better than
71.55% of 566 companies
in the Transportation industry
Industry Median: 0.45 vs FDX: 0.29

As of today (2026-06-24), the Dividend Yield % of FedEx is 1.74%.

During the past 13 years, the highest Trailing Annual Dividend Yield of FedEx was 3.79%. The lowest was 0.74%. And the median was 1.88%.

FedEx's Dividends per Share for the months ended in Feb. 2026 was $1.45.

During the past 12 months, FedEx's average Dividends Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 22.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 19.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 20.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of FedEx was 38.70% per year. The lowest was -1.50% per year. And the median was 17.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

FedEx (NYSE:FDX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

FedEx Dividend Payout Ratio Related Terms

FedEx Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for FedEx's Dividend Payout Ratio 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.

FedEx Dividend Payout Ratio Chart

FedEx Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.15 0.31 0.28 0.30

FedEx Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.23 0.38 0.30 0.28

FDX vs UPS, JBHT, FDXFw: Dividend Payout Ratio Comparison

For the Integrated Freight & Logistics subindustry, FedEx's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where FedEx's Dividend Payout Ratio falls into.


FDX
83GF Score
FedEx Corp FDX
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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FedEx Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

FedEx's Dividend Payout Ratio for the fiscal year that ended in May. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: May. 2025 )/ EPS without NRI (A: May. 2025 )
=5.52/ 18.19
=0.30

FedEx's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=1.45/ 5.25
=0.28

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.28 mean?
FedEx (FDX) has a Dividend Payout Ratio of 0.28 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on FedEx and its competitors. This is 75% above median its historical median of 0.16. Over the past decade, FedEx's Dividend Payout Ratio has ranged from 0.09 to 0.31. According to the industry distribution chart, FedEx ranks #161 out of 566 companies in the Transportation industry, placing it in the top 28.4%.
Is FedEx's Dividend Payout Ratio too high?
FedEx's current Dividend Payout Ratio of 0.28 is 75% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.31. The Transportation industry median Dividend Payout Ratio is 0.45. FedEx's value of 0.28 is 37.8% below this industry median. Based on the distribution chart, FedEx ranks #161 out of 566 companies in the Transportation industry, which is above the industry midpoint. Overall, FedEx has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FedEx's Dividend Payout Ratio compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #161 out of 566 companies for Dividend Payout Ratio. This puts FedEx in the upper half of its industry. The industry median Dividend Payout Ratio is 0.45. FedEx's value of 0.28 is 37.8% below this benchmark. Historically, FedEx's own Dividend Payout Ratio has ranged from 0.09 to 0.31 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.45, 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 Dividend Payout Ratio for a Transportation company?
The median Dividend Payout Ratio among Transportation companies is 0.45, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current Dividend Payout Ratio of 0.28 is 37.8% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on FedEx and its competitors. For the Transportation industry, the median Dividend Payout Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current Dividend Payout Ratio is 0.28, which is 75% above median its own 10-year median of 0.16. 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?
Based on GuruFocus' analysis, FedEx (FDX) is currently considered Significantly Overvalued. The stock's GF Value™ is $231.61, compared to a current price of $316.83 — trading 36.8% above its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 75% above median its 10-year median of 0.16 and 37.8% below the Transportation industry median of 0.45. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For FedEx (FDX), the current Dividend Payout Ratio is 0.28 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 (FDX) Overvalued in 2026?

Based on GuruFocus' analysis, FedEx stock appears to be overvalued. The current stock price of $316.83 is trading 36.8% above its estimated GF Value™ of $231.61. GuruFocus considers FedEx to be Significantly Overvalued.

Key valuation signals for FDX:

  • Dividend Payout Ratio: 0.28 (75% above median its 10-year median of 0.16)
  • GF Value™: $231.61 vs. price of $316.83 (36.8% above fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 37.8% below the Transportation median (#161 of 566)

No single metric tells the full story. See the FDX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FedEx Business Description

Address 942 South Shady Grove Road, Memphis, TN, USA, 38120
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

Get the complete analysis for FDX

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$316.83
Price
$231.61
GF Value