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Fedex vs Target: revenue, profit, margins and growth compared

Fedex brought in $94.7B of revenue in fiscal 2026, Target $104.8B in fiscal 2025. Revenue changed by +7.7% at Fedex and -1.7% at Target on the year before, so Fedex grew faster. Fedex kept 4.7% of its revenue as net profit, Target 3.5%. Free cash flow was $5.1B at Fedex and $2.8B at Target.

Side by side, latest fiscal year

FDXTGT
Fiscal year endedFY2026 (May 31, 2026)FY2025 (January 31, 2026)
Revenue$94.7B$104.8B
Revenue growth+7.7%-1.7%
Net income$4.4B$3.7B
Net margin4.7%3.5%
Free cash flow$5.1B$2.8B
Free cash flow margin5.4%2.7%
Earnings per share (diluted)$18.55$8.13
Cash$13.3B$5.5B
Debt$23.5B$14.4B
Price to earnings15.419.4
Market value$67.6B$71.5B
Dividend yield2.03%2.88%
Rank by revenue in sector#6 of 778 · Consumer discretionary#5 of 778 · Consumer discretionary

Over the years

Revenue
FDX FY2019: $69.7BFDX FY2020: $69.2BFDX FY2021: $84BFDX FY2022: $93.5BFDX FY2023: $90.2BFDX FY2024: $87.7BFDX FY2025: $87.9BFDX FY2026: $94.7BTGT FY2018: $75.4BTGT FY2019: $78.1BTGT FY2020: $93.6BTGT FY2021: $106BTGT FY2022: $109.1BTGT FY2023: $107.4BTGT FY2024: $106.6BTGT FY2025: $104.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FDX $94.7BTGT $104.8B
Net income
FDX FY2019: $540MFDX FY2020: $1.3BFDX FY2021: $5.2BFDX FY2022: $3.8BFDX FY2023: $4BFDX FY2024: $4.3BFDX FY2025: $4.1BFDX FY2026: $4.4BTGT FY2018: $2.9BTGT FY2019: $3.3BTGT FY2020: $4.4BTGT FY2021: $6.9BTGT FY2022: $2.8BTGT FY2023: $4.1BTGT FY2024: $4.1BTGT FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FDX $4.4BTGT $3.7B
Net margin
FDX FY2019: 0.8%FDX FY2020: 1.9%FDX FY2021: 6.2%FDX FY2022: 4.1%FDX FY2023: 4.4%FDX FY2024: 4.9%FDX FY2025: 4.7%FDX FY2026: 4.7%TGT FY2018: 3.9%TGT FY2019: 4.2%TGT FY2020: 4.7%TGT FY2021: 6.6%TGT FY2022: 2.5%TGT FY2023: 3.9%TGT FY2024: 3.8%TGT FY2025: 3.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FDX 4.7%TGT 3.5%
Revenue growth
FDX FY2020: -0.7%FDX FY2021: +21.3%FDX FY2022: +11.4%FDX FY2023: -3.6%FDX FY2024: -2.7%FDX FY2025: +0.3%FDX FY2026: +7.7%TGT FY2019: +3.7%TGT FY2020: +19.8%TGT FY2021: +13.3%TGT FY2022: +2.9%TGT FY2023: -1.6%TGT FY2024: -0.8%TGT FY2025: -1.7%FY19FY20FY21FY22FY23FY24FY25FY26
FDX +7.7%TGT -1.7%
Free cash flow
FDX FY2019: $123MFDX FY2020: -$771MFDX FY2021: $4.3BFDX FY2022: $3.1BFDX FY2023: $2.7BFDX FY2024: $3.1BFDX FY2025: $3BFDX FY2026: $5.1BTGT FY2018: $2.5BTGT FY2019: $4.1BTGT FY2020: $7.9BTGT FY2021: $5.1BTGT FY2022: -$1.5BTGT FY2023: $3.8BTGT FY2024: $4.5BTGT FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FDX $5.1BTGT $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Fedex and Target

Which is bigger by revenue, Fedex or Target?

Target is bigger by revenue: $104.8B in fiscal 2025, against $94.7B for Fedex in fiscal 2026.

Which keeps more of its revenue as profit, Fedex or Target?

Fedex had a net margin of 4.7% in fiscal 2026; Target had 3.5% in fiscal 2025.

Which grew revenue faster, Fedex or Target?

In their latest fiscal years revenue changed by +7.7% at Fedex and -1.7% at Target.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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