Why FedEx stock moves
FedEx fell, moving against a slightly higher S&P 500 market.
Written after the close on ·
Updated 02:00 with news that came after the close
Why today
16,437 news analyzed todayFedEx fell, moving against a slightly higher S&P 500 market.
Company news explaining the move is limited: a $36 million sale of a Northborough freight facility, and a wider share drop as its outlook met cost pressure.
Over the last five trading days, FedEx fell slightly, a smaller drop than the market and its sector.
Trading volume was around its usual level.
The shares remain well above their lowest close of last year but below their highest, reached in mid-August.
Today's move of −2.73% was 2.9 times a normal day's 0.9%. S&P 500 moved +0.31% on the same day.
FedEx −2.73%S&P 500 +0.31%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for FedEx.
FedEx earned more than expected in 6 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $308.14
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $6.46. For the current fiscal year, expected earnings per share changed from $17.71 three months ago to $18.28 now. 2026 estimate: $18.28. 2027 estimate: $20.93.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2026, the price changed +89% and earnings per share +10%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $72.2BRevenue 2026: $94.7B
What the key figures say about FedEx
The figures connect what FedEx earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2023–2026: $15.48–$18.55. Peers: United Parcel Service $5.19, DSV 33.53 DKK, Norfolk Southern $11.93. 2026 estimate: $18.28 ($17.40–$18.58). 2027 estimate: $20.93 ($18.47–$22.35).
What the company sold during the year.
2023–2026: $87.7B–$94.7B. Peers: United Parcel Service $91.4B, DSV 299.5 bn DKK, Norfolk Southern $13.0B. 2026 estimate: $92.0B ($90.6B–$92.5B). 2027 estimate: $95.9B ($91.7B–$100.4B).
The percentage of revenue left after the costs of running the business.
2023–2026: 5.9%–7.2%. Peers: United Parcel Service 7.1%, DSV 7.8%, Norfolk Southern 35.8%.
Profit as a percentage of shareholders’ money in the company.
2023–2026: 14.0%–15.7%. Peers: United Parcel Service 28.6%, DSV 6.9%, Norfolk Southern 16.8%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2023–2026: 10.5–17.9. Peers: United Parcel Service 20.9, DSV 43.8, Norfolk Southern 26.8. 2026 estimate: 16.9. 2027 estimate: 14.7.
What investors pay for each unit the company sells.
2023–2026: 0.48–0.84. Peers: United Parcel Service 1.01, DSV 1.17, Norfolk Southern 5.54. 2026 estimate: 0.78. 2027 estimate: 0.75.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $1.53–$4.62.
The ordinary yearly dividend as a percentage of the share price.
2023–2026: 1.1%–2.6%. Peers: United Parcel Service 6.1%, DSV 0.5%, Norfolk Southern 1.7%.
Net debt divided by operating earnings before depreciation and amortisation.
2023–2026: 2.66–3.08. Peers: United Parcel Service 1.94, DSV 3.00, Norfolk Southern 2.68.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2023–2026: 1.49–2.52. Peers: United Parcel Service 6.15, DSV 2.71, Norfolk Southern 4.30.
Market cap plus net debt, divided by operating earnings. This includes debt.
2023–2026: 11.8–16.2.
Cash left after investments, divided by the number of shares.
2023–2026: $10.65–$21.32. Peers: United Parcel Service $7.46, DSV 34.30 DKK, Norfolk Southern $7.33.
The percentage of assets financed by shareholders’ equity.
2023–2026: 29.9%–32.0%.
The dividend explained
A dividend is money paid to shareholders. FedEx paid $4.78 per share in the twelve months through November 6, 2026.
On the ex-dividend day, September 14, 2026, FedEx traded without the right to the $1.22 dividend. The price went from $311.99 to $312.57; including the dividend, the day's change was +0.6%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $1.532018: $1.972019: $2.102020: $2.102021: $2.342022: $3.382023: $3.972024: $4.352025: $4.622026 so far: $3.61
Earnings report
On its last 16 report days FedEx usually moved about 3.4%. On a normal day it moves 0.9%.
+1.06% −0.56% −0.13% +0.58%
$10,000 in FedEx bought on November 7, 2016 is worth $24,900 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in FedEx be worth today? →
What would $10,000 in FedEx be worth today?
$24,900
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $5,240 (March 16, 2020).
The five biggest days of the journey
· −21.4% · the whole market fell 0.7% the same day · report day
· +15.5% · the whole market rose 0.2% the same day · report day
· −15.2% · the whole market fell 0.2% the same day · report day
· −15.1% · the whole market fell 12.0% the same day
· +14.4% · the whole market fell 0.4% the same day
Earlier days
−1.64% market −2.70% FedEx fell slightly over the week's trading days. Read →
FedEx fell slightly over the week's trading days.
The S&P 500 fell sharply over the same days, so FedEx held up better than the broad market, and the Industrials sector ETF also fell clearly.
Last session the shares fell sharply, moving against a slightly rising market.
The main news was a stronger outlook that met cost pressure, which likely weighed on the shares.
−3.83% market −4.41% FedEx fell very sharply. Read →
FedEx fell very sharply.
FedEx fell, moving in line with the S&P 500 and the Industrials sector.
The fall is likely driven by broad market weakness that hit the whole sector, rather than by company-specific news.
Over the last five trading days FedEx rose clearly while the S&P 500 and sector fell sharply, so FedEx moved against the market.
The 4% after-hours drop came after the session closed and is what comes next, not the cause.
+3.58% market +1.65% FedEx rose, moving well apart from the market. Read →
FedEx rose, moving well apart from the market.
The S&P 500 rose sharply that day, so FedEx moved more than the market, while its sector fell clearly.
Over the last five trading days FedEx rose very sharply while the S&P 500 fell slightly.
Trading volume was well above normal.
+1.59% market −0.48% FedEx rose, while the S&P 500 fell slightly. Read →
FedEx rose, while the S&P 500 fell slightly.
Citigroup kept its Buy rating and nudged its price target up to $374 from $373, a small move that likely added to buying.
Over the last five trading days FedEx rose sharply, much more than the Industrials sector, which rose slightly.
This was a big move for FedEx, roughly twice a normal five-day stretch, and trading volume was well above usual.
Its strong results and raised full-year outlook from late October are the main background behind the rally.
+1.77% market −1.77% FedEx rose clearly, moving against a falling market. Read →
FedEx rose clearly, moving against a falling market.
FedEx Freight's results beat expectations, sending the unit's shares sharply higher.
Over five days FedEx rose sharply while the S&P 500 fell slightly.
Trading volume was about twice normal, and the shares sit below their mid-August peak.
Insider sales were filed after the close, a routine event that did not move the stock.
+4.87% market −0.56% FedEx rose sharply over the week's trading days, moving against a slightly lower S&P 500 and outpacing its sector. Read →
FedEx rose sharply over the week's trading days, moving against a slightly lower S&P 500 and outpacing its sector.
The main driver was its strong third-quarter results on Wednesday 28 October, which beat expectations on higher package prices, volume growth and cost savings.
Those results also led FedEx to raise its full-year profit outlook, which likely attracted buyers.
Trading volume ran well above its usual level, showing heavy interest in the shares.
+2.17% market +0.56% FedEx rose sharply without a company-news explanation. Read →
FedEx rose sharply without a company-news explanation.
The S&P 500 rose clearly that day, so FedEx moved more than the market.
Over the last five trading days, FedEx rose clearly while the S&P 500 was roughly unchanged.
Its sector ETF rose slightly, so FedEx also outpaced its sector.
Trading volume was about twice a normal session.
−1.71% market −0.52% FedEx fell clearly, moving more than the market. Read →
FedEx fell clearly, moving more than the market.
The S&P 500 also fell clearly, and the Industrials sector fell in line with FedEx.
Traders likely sold broadly as the wider market weakened.
No company news explains the drop.
Over the last five trading days, FedEx rose slightly while the S&P 500 fell slightly.
+1.76% market −0.43% FedEx rose slightly over the last five trading days, while the broader market fell slightly and its sector fell clearly. Read →
FedEx rose slightly over the last five trading days, while the broader market fell slightly and its sector fell clearly.
Analysts at Bernstein kept their Buy rating, which means they still see the shares as worth owning.
Trading was lighter than usual, so the small gain carried limited weight.
+1.91% market −1.18% FedEx rose sharply, against a falling market and sector. Read →
FedEx rose sharply, against a falling market and sector.
No company news explains the move clearly.
Over the last five trading days it rose clearly, while the S&P 500 fell slightly.
The stock's own price history is a plain rise: it has traded well above its lowest close of the past year, though still below its highest.
Investors may simply have bought the shares on a day the broader market fell, a pattern that often reflects stock-specific demand rather than news.
−0.18% market +0.53% FedEx barely moved, while the market rose clearly. Read →
FedEx barely moved, while the market rose clearly.
No company news explains the quiet day.
Over the last five trading days FedEx rose clearly, more than the S&P 500 and its sector.
Trading was well below its usual level, so the move was an ordinary one.
The largest recent news was a $60 million purchase of a distribution hub in North Carolina.
+1.70% market +0.34% FedEx rose clearly, after a truck theft in California. Read →
FedEx rose clearly, after a truck theft in California.
Over the same session the S&P 500 rose slightly, so FedEx moved more than the market, while its sector was roughly flat.
Over the last five trading days FedEx rose clearly while the S&P 500 fell clearly and its sector fell slightly, so it moved against both.
Follow-up reports on the cards theft and a planned Marion County hearing on the seized money came out after the session closed.
Learn more · Why do stocks go up and down?