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FedEx vs United Parcel Service: FDX and UPS compared
FedEx is the larger company: $22.9B of revenue in its latest quarter (Q1 FY27) against $22.9B for United Parcel Service (Q3 2026). FedEx is growing faster (+12% against +7% a year earlier). United Parcel Service is more profitable, with an operating margin of 7.6% against 4.7%.
Where the money goes: FDX and UPS
FedEx (FDX) · Q1 FY27
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.
United Parcel Service (UPS) · Q3 2026
United Parcel Service, Q3 2026: revenue $22.9B (+7% year over year), operating margin 7.6%, net earnings $1.2B, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
| FedEx (FDX) | United Parcel Service (UPS) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $22.9B | $22.9B |
| Revenue growth, Y/Y | +12% | +7% |
| Operating margin | 4.7% | 7.6% |
| Net earnings | $290M | $1.2B |
| Net margin | 1.3% | 5.1% |
| Operating cash flow | — | $2.9B |
| Free cash flow | — | $2.4B |
| Market value | $75.7B | $92.3B |
| P/E | 19.4× | 20.8× |
| Analysts’ mean target | $357.00 | $115.42 |
Questions
Which is bigger, FedEx or United Parcel Service?
FedEx is the larger company: $22.9B of revenue in its latest quarter (Q1 FY27) against $22.9B for United Parcel Service (Q3 2026).
Is FedEx or United Parcel Service growing faster?
FedEx is growing faster (+12% against +7% a year earlier).
Which is more profitable, FedEx or United Parcel Service?
United Parcel Service is more profitable, with an operating margin of 7.6% against 4.7%.
More: FedEx earnings · how FedEx makes money · United Parcel Service earnings · how United Parcel Service makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.