FedEx vs GXO Logistics
FedEx is the larger business, with $94.72bn of revenue in fiscal 2026 against $13.18bn for GXO Logistics (7.2 times as much). GXO Logistics grew faster (12.5% against 7.7%). FedEx kept more of each dollar of sales as profit: a net margin of 4.7% against 0.2%. FedEx carries less debt relative to equity (81.3% against 102.7%).
| Latest fiscal year | FedExFDX, 2026 | GXO LogisticsGXO, 2025 |
|---|---|---|
| Revenue | $94.72bn | $13.18bn |
| Revenue growth | 7.7% | 12.5% |
| Net income | $4.43bn | $32.0m |
| Operating margin | 5.8% | 1.9% |
| Net margin | 4.7% | 0.2% |
| Return on equity | 14.8% | 1.1% |
| Free cash flow | $5.12bn | $110m |
| Cash | $13.06bn | $854m |
| Total debt | $25.72bn | $3.06bn |
| Debt to equity | 81.3% | 102.7% |
| Dividend per share | $5.80 | — |
| Dividend yield | — | — |
| Share buybacks | $796m | $200m |
| Employees | 452,000 | 154,000 |
| Market value | $76.41bn | $6.01bn |
| Price vs our value range | — | Within our value range |
| Moat score | 50 (Moderate) | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 11 sales | 1 buys, 0 sales |