FedEx vs United Parcel Service
FedEx reported revenue of $94.7 billion in fiscal 2026, about the same as United Parcel Service's $88.7 billion in fiscal 2025. FedEx's revenue grew 7.7% in its latest year, and United Parcel Service's fell 2.6%. FedEx had an operating margin of 5.8%, against 8.9% at United Parcel Service. Free cash flow was $5.1 billion at FedEx and $4.8 billion at United Parcel Service. Their fiscal years end in different months (May 31 and December 31), so the periods don't line up exactly.
Side by side
| FedEx | United Parcel Service | |
|---|---|---|
| Latest fiscal year | FY2026, May 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $94.7B | $88.7B |
| Revenue growth | 7.7% | −2.6% |
| Revenue growth a year, last 5 years | 2.4% | 0.9% |
| Gross margin | — | — |
| Operating margin | 5.8% | 8.9% |
| Net margin | 4.7% | 6.3% |
| Free cash flow | $5.1B | $4.8B |
| Free cash flow margin | 5.4% | 5.4% |
| Return on capital | 9.3% | 18.4% |
| Net debt to EBITDA | 1.4x | 1.7x |
| Dividends and buybacks | $2.2B | $6.4B |
| Change in diluted share count | −1.6% | −0.7% |
| Last close | $300.58 | $100.32 |
| P/E at the last close | 16.2× | 18.6× |
| Insider trades, last 12 months | sold $20.2 million | sold $2.7 million |
| Piotroski F-score | 7 of 8 | 5 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
FedExUnited Parcel Service
Operating margin
Percent of revenue
FedExUnited Parcel Service
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FedExUnited Parcel Service
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the FedEx and United Parcel Service pages.