The three-year average margins for FDX were 62.0% gross, 6.0% operating, 12.0% EBITDA, and 4.7% net.
Over the last 5 years, Fedex's highest margins were 62.6% gross in Feb 2026, 6.7% operating in May 2022, 12.5% EBITDA in Feb 2022, and 5.6% net in Feb 2022.
Over the last 5 years, Fedex's lowest margins were 59.4% gross in Nov 2022, 5.4% operating in May 2023, 9.3% EBITDA in Feb 2023, and 3.2% net in Feb 2023.