FedEx Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Quarter Ended	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	+86 Quarters
Revenue	21,738	22,165	21,681	21,930	22,169	22,814	23,242	24,394	23,641	23,474	22,003	22,565	21,510	20,563	19,321	17,358	17,487	17,324	17,048	17,807	17,010	17,824	17,052	17,314	16,526	16,313	15,297	15,728	14,997	14,931	14,663	12,979	12,654	12,453	12,279	12,114	11,716	11,939	11,684	11,839	Upgrade
Revenue Growth (YoY)	-1.94%	-2.84%	-6.72%	-10.10%	-6.23%	-2.81%	5.63%	8.11%	9.91%	14.16%	13.88%	30.00%	23.01%	18.70%	13.33%	-2.52%	2.80%	-2.81%	-0.02%	2.85%	2.93%	9.26%	11.47%	10.08%	10.20%	9.26%	4.32%	21.18%	18.52%	19.90%	19.42%	7.14%	8.01%	4.31%	5.09%	2.32%	3.67%	4.70%	5.99%	3.53%	Upgrade
Cost of Revenue	8,434	8,715	8,112	8,061	8,746	9,335	9,652	9,725	9,520	9,402	8,670	8,533	8,369	7,853	7,284	6,640	7,085	6,916	6,586	6,549	6,692	6,985	6,511	6,309	6,350	6,158	5,641	5,614	5,655	5,470	5,278	4,256	4,408	4,364	4,299	3,985	4,166	4,443	4,390	4,320	Upgrade
Gross Profit	13,304	13,450	13,569	13,869	13,423	13,479	13,590	14,669	14,121	14,072	13,333	14,032	13,141	12,710	12,037	10,718	10,402	10,408	10,462	11,258	10,318	10,839	10,541	11,005	10,176	10,155	9,656	10,114	9,342	9,461	9,385	8,723	8,246	8,089	7,980	8,129	7,550	7,496	7,294	7,519	Upgrade
Selling, General & Admin	7,693	7,833	7,785	7,551	7,817	7,792	7,859	7,903	8,244	8,135	7,776	7,868	8,010	7,443	6,852	6,327	6,382	6,235	6,087	6,187	6,069	6,260	6,260	6,118	6,124	5,889	5,664	5,930	5,395	5,353	5,311	4,774	4,712	4,570	4,525	4,432	4,335	4,229	4,114	3,779	Upgrade
Other Operating Expenses	4,368	4,341	4,299	4,815	4,564	4,511	4,540	4,842	4,551	4,340	4,159	4,367	4,126	3,802	3,595	3,916	3,609	3,619	3,398	3,755	3,338	3,411	3,210	3,559	3,194	3,151	3,021	3,074	2,922	2,941	2,810	4,017	2,670	2,382	2,311	5,018	2,177	2,179	2,118	2,188	Upgrade
Operating Expenses	12,061	12,174	12,084	12,366	12,381	12,303	12,399	12,745	12,795	12,475	11,935	12,235	12,136	11,245	10,447	10,243	9,991	9,854	9,485	9,942	9,407	9,671	9,470	9,677	9,318	9,040	8,685	9,004	8,317	8,294	8,121	8,791	7,382	6,952	6,836	9,450	6,512	6,408	6,232	5,967	Upgrade
Operating Income	1,243	1,276	1,485	1,503	1,042	1,176	1,191	1,924	1,326	1,597	1,398	1,797	1,005	1,465	1,590	475	411	554	977	1,316	911	1,168	1,071	1,328	858	1,115	971	1,110	1,025	1,167	1,264	-68	864	1,137	1,144	-1,321	1,038	1,088	1,062	1,552	Upgrade
Interest Expense / Income	91	97	91	303	122	127	142	211	163	155	160	238	187	184	184	229	155	151	137	195	135	131	127	195	125	124	114	158	122	119	113	118	81	74	63	82	58	47	48	65	Upgrade
Other Expense / Income	-31	-23	-29	-928	-102	-10	-105	1,029	-212	62	-219	-1,054	-231	-125	-200	565	-164	-169	-156	3,675	-155	-140	-157	-225	-141	-148	-125	-508	4	-30	9	-5	1	8	-3	13	-5	-5	2	-19	Upgrade
Pretax Income	1,183	1,202	1,423	2,128	1,022	1,059	1,154	684	1,375	1,380	1,457	2,613	1,049	1,406	1,606	-319	420	572	996	-2,554	931	1,177	1,101	1,358	874	1,139	982	1,460	899	1,078	1,142	-181	782	1,055	1,084	-1,416	985	1,046	1,012	1,506	Upgrade
Income Tax	304	302	345	590	251	271	279	126	263	336	345	745	157	180	361	15	105	12	251	-585	192	242	266	231	-1,200	364	386	440	337	378	427	-111	275	364	392	-522	357	383	359	549	Upgrade
Net Income	879	900	1,078	1,538	771	788	875	558	1,112	1,044	1,112	1,868	892	1,226	1,245	-334	315	560	745	-1,969	739	935	835	1,127	2,074	775	596	1,020	562	700	715	-70	507	691	692	-894	628	663	653	957	Upgrade
Net Income Growth	14.01%	14.21%	23.20%	175.63%	-30.67%	-24.52%	-21.31%	-70.13%	24.66%	-14.85%	-10.68%	-	183.17%	118.93%	67.11%	-	-57.37%	-40.11%	-10.78%	-	-64.37%	20.65%	40.10%	10.49%	269.04%	10.71%	-16.64%	-	10.85%	1.30%	3.32%	-	-19.27%	4.22%	5.97%	-	66.14%	32.60%	33.54%	-34.36%	Upgrade
Shares Outstanding (Basic)	250	251	251	251	252	260	260	259	265	266	267	265	265	263	262	261	261	261	261	261	261	264	266	267	268	268	268	267	267	266	266	268	276	282	282	284	283	283	285	296	Upgrade
Shares Change	-0.99%	-3.38%	-3.33%	-3.02%	-4.74%	-2.04%	-2.81%	-2.32%	-0.04%	1.16%	2.06%	1.57%	1.51%	0.64%	0.44%	0.26%	0.03%	-0.99%	-1.92%	-2.49%	-2.56%	-1.73%	-0.87%	-0.06%	0.52%	0.90%	1.03%	-0.39%	-3.30%	-5.89%	-5.99%	-5.40%	-2.72%	-0.31%	-1.05%	-3.98%	-9.26%	-10.55%	-9.84%	-6.74%	Upgrade
EPS (Basic)	3.55	3.59	4.28	6.08	3.07	3.08	3.37	2.18	4.26	3.94	4.17	7.04	3.36	4.64	4.75	-1.29	1.21	2.15	2.86	-7.49	2.83	3.56	3.15	4.23	7.74	2.89	2.22	3.81	2.11	2.63	2.69	-0.20	1.86	2.47	2.45	-3.15	2.21	2.34	2.29	3.18	Upgrade
EPS (Diluted)	3.51	3.55	4.23	6.02	3.05	3.07	3.33	2.16	4.20	3.88	4.09	6.90	3.30	4.55	4.72	-1.27	1.20	2.13	2.84	-7.38	2.80	3.51	3.10	4.16	7.59	2.84	2.19	3.76	2.07	2.59	2.65	-0.20	1.84	2.44	2.42	-3.10	2.18	2.31	2.26	3.14	Upgrade
EPS Growth	15.08%	15.64%	27.03%	178.70%	-27.38%	-20.88%	-18.58%	-68.70%	27.27%	-14.73%	-13.35%	-	175.00%	113.62%	66.20%	-	-57.14%	-39.32%	-8.39%	-	-63.11%	23.59%	41.55%	10.64%	266.67%	9.65%	-17.36%	-	12.50%	6.15%	9.50%	-	-15.60%	5.63%	7.08%	-	77.24%	47.13%	47.71%	-31.44%	Upgrade
Free Cash Flow	231	469	940	1,693	998	-340	323	1,118	1,012	425	514	1,061	786	1,177	1,227	656	-235	-339	-853	557	21	23	-478	1,843	-1,709	-669	-454	959	-1,099	198	-244	656	342	-140	32	515	243	-1	262	707	Upgrade
Free Cash Flow Per Share	0.92	1.86	3.74	6.74	3.95	-1.31	1.24	4.31	3.82	1.60	1.92	4.00	2.96	4.48	4.68	2.51	-0.90	-1.30	-3.27	2.14	0.08	0.09	-1.80	6.90	-6.38	-2.50	-1.69	3.59	-4.12	0.74	-0.92	2.44	1.24	-0.50	0.11	1.81	0.86	-0.00	0.92	2.39	Upgrade
Dividend Per Share	1.260	1.260	1.260	1.150	1.150	1.150	1.150	0.750	0.750	0.750	0.750	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.650	0.500	0.500	0.500	0.500	0.400	0.400	0.400	0.400	0.250	0.250	0.250	0.250	0.200	0.200	0.200	0.200	0.150	Upgrade
Dividend Growth	9.57%	9.57%	9.57%	53.33%	53.33%	53.33%	53.33%	15.38%	15.38%	15.38%	15.38%	0%	0%	0%	0%	0%	0%	0%	0%	30.00%	30.00%	30.00%	30.00%	25.00%	25.00%	25.00%	25.00%	60.00%	60.00%	60.00%	60.00%	25.00%	25.00%	25.00%	25.00%	33.33%	33.33%	33.33%	33.33%	7.14%	Upgrade
Gross Margin	61.20%	60.68%	62.58%	63.24%	60.55%	59.08%	58.47%	60.13%	59.73%	59.95%	60.60%	62.18%	61.09%	61.81%	62.30%	61.75%	59.48%	60.08%	61.37%	63.22%	60.66%	60.81%	61.82%	63.56%	61.58%	62.25%	63.12%	64.31%	62.29%	63.36%	64.00%	67.21%	65.17%	64.96%	64.99%	67.10%	64.44%	62.79%	62.43%	63.51%	Upgrade
Operating Margin	5.72%	5.76%	6.85%	6.85%	4.70%	5.15%	5.12%	7.89%	5.61%	6.80%	6.35%	7.96%	4.67%	7.12%	8.23%	2.74%	2.35%	3.20%	5.73%	7.39%	5.36%	6.55%	6.28%	7.67%	5.19%	6.84%	6.35%	7.06%	6.83%	7.82%	8.62%	-0.52%	6.83%	9.13%	9.32%	-10.90%	8.86%	9.11%	9.09%	13.11%	Upgrade
Profit Margin	4.04%	4.06%	4.97%	7.01%	3.48%	3.45%	3.76%	2.29%	4.70%	4.45%	5.05%	8.28%	4.15%	5.96%	6.44%	-1.92%	1.80%	3.23%	4.37%	-11.06%	4.34%	5.25%	4.90%	6.51%	12.55%	4.75%	3.90%	6.49%	3.75%	4.69%	4.88%	-0.54%	4.01%	5.55%	5.64%	-7.38%	5.36%	5.55%	5.59%	8.08%	Upgrade
Free Cash Flow Margin	1.06%	2.12%	4.34%	7.72%	4.50%	-1.49%	1.39%	4.58%	4.28%	1.81%	2.34%	4.70%	3.65%	5.72%	6.35%	3.78%	-1.34%	-1.96%	-5.00%	3.13%	0.12%	0.13%	-2.80%	10.64%	-10.34%	-4.10%	-2.97%	6.10%	-7.33%	1.33%	-1.66%	5.05%	2.70%	-1.12%	0.26%	4.25%	2.07%	-0.01%	2.24%	5.97%	Upgrade
Effective Tax Rate	25.70%	25.12%	24.24%	27.73%	24.56%	25.59%	24.18%	18.42%	19.13%	24.35%	23.68%	28.51%	14.97%	12.80%	22.48%	-	25.00%	2.10%	25.20%	-	20.62%	20.56%	24.16%	17.01%	-137.30%	31.96%	39.31%	30.14%	37.49%	35.06%	37.39%	-	35.17%	34.50%	36.16%	-	36.24%	36.62%	35.47%	36.45%	Upgrade
EBITDA	2,346	2,339	2,585	3,506	2,175	2,232	2,320	1,913	2,524	2,530	2,588	3,826	2,192	2,526	2,716	837	1,483	1,624	2,012	-1,493	1,917	2,136	2,036	2,355	1,785	2,019	1,847	2,372	1,783	1,937	1,994	604	1,526	1,782	1,795	-677	1,695	1,744	1,711	2,220	Upgrade
EBITDA Margin	10.79%	10.55%	11.92%	15.99%	9.81%	9.78%	9.98%	7.84%	10.68%	10.78%	11.76%	16.96%	10.19%	12.28%	14.06%	4.82%	8.48%	9.37%	11.80%	-8.38%	11.27%	11.98%	11.94%	13.60%	10.80%	12.38%	12.07%	15.08%	11.89%	12.97%	13.60%	4.65%	12.06%	14.31%	14.62%	-5.59%	14.47%	14.61%	14.64%	18.75%	Upgrade
Depreciation & Amortization	1,072	1,040	1,071	1,075	1,031	1,046	1,024	1,018	986	995	971	975	956	936	926	927	908	901	879	866	851	828	808	802	786	756	751	754	762	740	739	667	663	653	648	657	652	651	651	649	Upgrade
EBIT	1,274	1,299	1,514	2,431	1,144	1,186	1,296	895	1,538	1,535	1,617	2,851	1,236	1,590	1,790	-90	575	723	1,133	-2,359	1,066	1,308	1,228	1,553	999	1,263	1,096	1,618	1,021	1,197	1,255	-63	863	1,129	1,147	-1,334	1,043	1,093	1,060	1,571	Upgrade
EBIT Margin	5.86%	5.86%	6.98%	11.09%	5.16%	5.20%	5.58%	3.67%	6.51%	6.54%	7.35%	12.63%	5.75%	7.73%	9.26%	-0.52%	3.29%	4.17%	6.65%	-13.25%	6.27%	7.34%	7.20%	8.97%	6.05%	7.74%	7.16%	10.29%	6.81%	8.02%	8.56%	-0.49%	6.82%	9.07%	9.34%	-11.01%	8.90%	9.15%	9.07%	13.27%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).