Filing Flows › FedEx (FDX) › Operating margin
FedEx (FDX) operating margin by quarter
FedEx's operating margin was 4.7% in Q1 FY27 (first quarter fiscal 2027), -1.5 pts from Q4 FY26. Over the last 7 quarters it ranged from 4.7% (Q1 FY27) to 8.1% (Q4 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 4.7% | -1.5 pts | -0.7 pts |
| Q4 FY26 | 6.2% | +0.6 pts | -1.9 pts |
| Q3 FY26 | 5.6% | -0.3 pts | -0.2 pts |
| Q2 FY26 | 5.9% | +0.5 pts | — |
| Q1 FY26 | 5.3% | -2.7 pts | — |
| Q4 FY25 | 8.1% | +2.2 pts | — |
| Q3 FY25 | 5.8% | — | — |
Q1 FY27 at a glance
FedEx, Q1 FY27: revenue $22.9B (+12% year over year), operating margin 4.7%, net earnings $290M. The chart follows the revenue to costs, profit and cash.
Questions
What is FedEx's operating margin?
FedEx's operating margin was 4.7% in Q1 FY27 (first quarter fiscal 2027), -1.5 pts from Q4 FY26.
How has FedEx's operating margin changed?
Over the last 7 quarters it ranged from 4.7% (Q1 FY27) to 8.1% (Q4 FY25).