How Does FEDEX CORP Sit in Its SEC Industry Classification?
FEDEX CORP files under SEC standard industrial classification 4513, Air Courier Services. Among the 3 companies Swoopr covers under SIC 4513, its latest reported revenue of $94.7 billion ranks 1st. The comparison uses each company's own latest fiscal year, which can differ by up to a year across the group.
| Measure | FEDEX CORP (FY2026) | Peer reference |
|---|---|---|
| Revenue | $94.7 billion | 1st of 3 |
| Operating margin | 5.8% | 1.4% (median of 2 peers) |
| Revenue growth | +7.7% | +5.5% (median of 2 peers) |
Companies of similar size in the same classification: FedEx Freight Holding Company, Inc. ($8.8 billion), AIR T INC ($327 million).
A classification code groups companies by how they describe their main business to the SEC, so two companies with the same code can still differ in customers, geography and cost structure. Treat the comparison as a starting point for the questions below.
Where value can be captured
Industrial value chains connect raw materials and components to manufacturing, distribution, installation, operation, maintenance, and replacement. Aftermarket service and mission-critical installed bases can produce economics very different from one-time equipment sales.
For FedEx, name suppliers, channels, customers and infrastructure dependencies only when a reliable source establishes the relationship. The goal is to show where the company sits, what it depends on, and where bargaining power resides.
Industry drivers
- Orders: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Backlog: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Unit Volume: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Price Realization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Capacity Utilization: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Aftermarket Or Service Revenue: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Project Execution: connect this driver to a disclosed KPI and to the financial statement line it influences.
- Input Costs: connect this driver to a disclosed KPI and to the financial statement line it influences.
Macro connections
- Industrial Production: document the transmission mechanism rather than assuming correlation.
- Pmis: document the transmission mechanism rather than assuming correlation.
- Construction Spending: document the transmission mechanism rather than assuming correlation.
- Freight Volumes: document the transmission mechanism rather than assuming correlation.
- Air Travel Where Relevant: document the transmission mechanism rather than assuming correlation.
- Government Infrastructure Spending: document the transmission mechanism rather than assuming correlation.
Peer map
A starting peer group from the current S&P 500 classification is 3M, A. O. Smith, Allegion, Ametek, Automatic Data Processing, Axon Enterprise. Some may be adjacent rather than direct competitors. The latest FedEx filing and credible industry sources should refine the map.
Questions for the supply-chain map
- Which inputs are scarce, concentrated, regulated, or difficult to substitute?
- Which layer has the highest switching costs?
- Where can capacity expand quickly, and where does it take years?
- Which participants bear inventory, credit, commodity, or utilization risk?
- Is FedEx's advantage located in intellectual property, physical assets, licenses, distribution, brand, data, or customer integration?
- Which dependency could become a bottleneck under stress?
References
The evergreen analysis above is anchored to verified index metadata and a filing-first research workflow. Time-sensitive financial figures are refreshed from the latest primary filings.
- S&P Dow Jones Indices: S&P 500
- SEC EDGAR company filings for FedEx
- SEC submissions JSON for CIK 1048911
Source-review rule: Check any statement about current revenue, margins, management, products, segment mix, guidance, market share or capital allocation against the latest 10-K, 10-Q, 8-K, proxy statement, earnings release or official investor-relations material before relying on it.