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Side-by-side financial comparison of FedEx (FDX) and Oracle Corporation (ORCL). Click either name above to swap in a different company.
FedEx is the larger business by last-quarter revenue ($23.5B vs $16.1B, roughly 1.5× Oracle Corporation). Oracle Corporation runs the higher net margin — 38.2% vs 4.1%, a 34.1% gap on every dollar of revenue. On growth, Oracle Corporation posted the faster year-over-year revenue change (14.2% vs 6.8%). FedEx produced more free cash flow last quarter ($1.2B vs $-10.0B). Over the past eight quarters, Oracle Corporation's revenue compounded faster (10.0% CAGR vs 3.9%).
FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services. The company is headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of its original air division, Federal Express, which operated under this name from 1973 until 1994.
An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination.
FDX vs ORCL — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.5B | $16.1B |
| Net Profit | $956.0M | $6.1B |
| Gross Margin | — | — |
| Operating Margin | 5.9% | 29.5% |
| Net Margin | 4.1% | 38.2% |
| Revenue YoY | 6.8% | 14.2% |
| Net Profit YoY | 29.0% | 94.7% |
| EPS (diluted) | $4.04 | $2.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $23.5B | $16.1B | ||
| Q3 25 | $22.2B | $14.9B | ||
| Q2 25 | $22.2B | $15.9B | ||
| Q1 25 | $22.2B | $14.1B | ||
| Q4 24 | $22.0B | $14.1B | ||
| Q3 24 | $21.6B | $13.3B | ||
| Q2 24 | $22.1B | $14.3B | ||
| Q1 24 | $21.7B | $13.3B |
| Q4 25 | $956.0M | $6.1B | ||
| Q3 25 | $824.0M | $2.9B | ||
| Q2 25 | $1.6B | $3.4B | ||
| Q1 25 | $909.0M | $2.9B | ||
| Q4 24 | $741.0M | $3.2B | ||
| Q3 24 | $794.0M | $2.9B | ||
| Q2 24 | $1.5B | $3.1B | ||
| Q1 24 | $879.0M | $2.4B |
| Q4 25 | 5.9% | 29.5% | ||
| Q3 25 | 5.3% | 28.7% | ||
| Q2 25 | 8.1% | 32.1% | ||
| Q1 25 | 5.8% | 30.8% | ||
| Q4 24 | 4.8% | 30.0% | ||
| Q3 24 | 5.0% | 30.0% | ||
| Q2 24 | 7.0% | 32.8% | ||
| Q1 24 | 5.7% | 28.2% |
| Q4 25 | 4.1% | 38.2% | ||
| Q3 25 | 3.7% | 19.6% | ||
| Q2 25 | 7.4% | 21.5% | ||
| Q1 25 | 4.1% | 20.8% | ||
| Q4 24 | 3.4% | 22.4% | ||
| Q3 24 | 3.7% | 22.0% | ||
| Q2 24 | 6.7% | 22.0% | ||
| Q1 24 | 4.0% | 18.1% |
| Q4 25 | $4.04 | $2.10 | ||
| Q3 25 | $3.46 | $1.01 | ||
| Q2 25 | $6.81 | $1.19 | ||
| Q1 25 | $3.76 | $1.02 | ||
| Q4 24 | $3.03 | $1.10 | ||
| Q3 24 | $3.21 | $1.03 | ||
| Q2 24 | $5.92 | $1.11 | ||
| Q1 24 | $3.51 | $0.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.6B | $19.2B |
| Total DebtLower is stronger | $20.3B | — |
| Stockholders' EquityBook value | $28.1B | $30.0B |
| Total Assets | $89.2B | $205.0B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.6B | $19.2B | ||
| Q3 25 | $6.2B | $10.4B | ||
| Q2 25 | $5.5B | $10.8B | ||
| Q1 25 | $5.1B | $17.4B | ||
| Q4 24 | $5.0B | $10.9B | ||
| Q3 24 | $5.9B | $10.6B | ||
| Q2 24 | $6.5B | $10.5B | ||
| Q1 24 | $5.6B | $9.5B |
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.7B | — | ||
| Q2 24 | $20.1B | — | ||
| Q1 24 | $20.1B | — |
| Q4 25 | $28.1B | $30.0B | ||
| Q3 25 | $27.8B | $24.2B | ||
| Q2 25 | $28.1B | $20.5B | ||
| Q1 25 | $26.7B | $16.7B | ||
| Q4 24 | $26.5B | $13.7B | ||
| Q3 24 | $27.2B | $10.8B | ||
| Q2 24 | $27.6B | $8.7B | ||
| Q1 24 | $26.4B | $5.6B |
| Q4 25 | $89.2B | $205.0B | ||
| Q3 25 | $88.4B | $180.4B | ||
| Q2 25 | $87.6B | $168.4B | ||
| Q1 25 | $85.0B | $161.4B | ||
| Q4 24 | $85.5B | $148.5B | ||
| Q3 24 | $86.7B | $144.2B | ||
| Q2 24 | $87.0B | $141.0B | ||
| Q1 24 | $86.1B | $137.1B |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $2.1B |
| Free Cash FlowOCF − Capex | $1.2B | $-10.0B |
| FCF MarginFCF / Revenue | 5.1% | -62.1% |
| Capex IntensityCapex / Revenue | 3.2% | 74.9% |
| Cash ConversionOCF / Net Profit | 2.04× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | $-13.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $2.1B | ||
| Q3 25 | $1.7B | $8.1B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $2.0B | $5.9B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.2B | $7.4B | ||
| Q2 24 | $2.7B | $6.1B | ||
| Q1 24 | $1.6B | $5.5B |
| Q4 25 | $1.2B | $-10.0B | ||
| Q3 25 | $1.1B | $-362.0M | ||
| Q2 25 | $1.0B | $-2.9B | ||
| Q1 25 | $1.0B | $71.0M | ||
| Q4 24 | $500.0M | $-2.7B | ||
| Q3 24 | $420.0M | $5.1B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $231.0M | $3.8B |
| Q4 25 | 5.1% | -62.1% | ||
| Q3 25 | 4.9% | -2.4% | ||
| Q2 25 | 4.7% | -18.4% | ||
| Q1 25 | 4.6% | 0.5% | ||
| Q4 24 | 2.3% | -19.0% | ||
| Q3 24 | 1.9% | 38.5% | ||
| Q2 24 | 6.8% | 23.0% | ||
| Q1 24 | 1.1% | 28.6% |
| Q4 25 | 3.2% | 74.9% | ||
| Q3 25 | 2.8% | 57.0% | ||
| Q2 25 | 6.6% | 57.1% | ||
| Q1 25 | 4.5% | 41.5% | ||
| Q4 24 | 3.7% | 28.2% | ||
| Q3 24 | 3.6% | 17.3% | ||
| Q2 24 | 5.4% | 19.6% | ||
| Q1 24 | 6.3% | 12.6% |
| Q4 25 | 2.04× | 0.34× | ||
| Q3 25 | 2.08× | 2.78× | ||
| Q2 25 | 1.53× | 1.80× | ||
| Q1 25 | 2.21× | 2.02× | ||
| Q4 24 | 1.78× | 0.41× | ||
| Q3 24 | 1.49× | 2.54× | ||
| Q2 24 | 1.83× | 1.93× | ||
| Q1 24 | 1.83× | 2.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
