Return on Equity (ROE)
since 2005
Calculation
FedEx Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Common stockholders’ investment1 | |
|---|---|---|---|---|---|---|---|
| May 31, 2024 | 15.70% | = | 100 | × | 4,331) | ÷ | 27,582) |
| May 31, 2023 | 15.23% | = | 100 | × | 3,972) | ÷ | 26,088) |
| May 31, 2022 | 15.34% | = | 100 | × | 3,826) | ÷ | 24,939) |
| May 31, 2021 | 21.64% | = | 100 | × | 5,231) | ÷ | 24,168) |
| May 31, 2020 | 7.03% | = | 100 | × | 1,286) | ÷ | 18,295) |
| May 31, 2019 | 3.04% | = | 100 | × | 540) | ÷ | 17,757) |
| May 31, 2018 | 23.55% | = | 100 | × | 4,572) | ÷ | 19,416) |
| May 31, 2017 | 18.65% | = | 100 | × | 2,997) | ÷ | 16,073) |
| May 31, 2016 | 13.20% | = | 100 | × | 1,820) | ÷ | 13,784) |
| May 31, 2015 | 7.00% | = | 100 | × | 1,050) | ÷ | 14,993) |
| May 31, 2014 | 13.73% | = | 100 | × | 2,097) | ÷ | 15,277) |
| May 31, 2013 | 8.97% | = | 100 | × | 1,561) | ÷ | 17,398) |
| May 31, 2012 | 13.80% | = | 100 | × | 2,032) | ÷ | 14,727) |
| May 31, 2011 | 9.54% | = | 100 | × | 1,452) | ÷ | 15,220) |
| May 31, 2010 | 8.57% | = | 100 | × | 1,184) | ÷ | 13,811) |
| May 31, 2009 | 0.72% | = | 100 | × | 98) | ÷ | 13,626) |
| May 31, 2008 | 7.74% | = | 100 | × | 1,125) | ÷ | 14,526) |
| May 31, 2007 | 15.93% | = | 100 | × | 2,016) | ÷ | 12,656) |
| May 31, 2006 | 15.69% | = | 100 | × | 1,806) | ÷ | 11,511) |
| May 31, 2005 | 15.11% | = | 100 | × | 1,449) | ÷ | 9,588) |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
Comparison to Competitors
FedEx Corp., ROE, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| May 31, 2024 | 15.70% | 45.72% | 39.95% | — | — |
| May 31, 2023 | 15.23% | 16.77% | 43.14% | 28.08% | 38.76% |
| May 31, 2022 | 15.34% | -124.54% | 57.54% | 10.69% | 58.36% |
| May 31, 2021 | 21.64% | -3.43% | 46.06% | -39.05% | 90.44% |
| May 31, 2020 | 7.03% | -55.18% | 31.54% | -118.61% | 204.41% |
| May 31, 2019 | 3.04% | -59.94% | 32.65% | 26.09% | 135.90% |
| May 31, 2018 | 23.55% | — | 29.21% | 21.30% | 158.59% |
| May 31, 2017 | 18.65% | — | 43.10% | 24.20% | 491.00% |
| May 31, 2016 | 13.20% | — | 21.24% | 26.13% | 847.16% |
| May 31, 2015 | 7.00% | — | 23.05% | 81.86% | 196.11% |
| May 31, 2014 | 13.73% | — | 24.45% | 47.25% | 141.62% |
| May 31, 2013 | 8.97% | — | 20.67% | 19.14% | 67.53% |
| May 31, 2012 | 13.80% | — | 19.84% | -150.31% | 17.34% |
| May 31, 2011 | 9.54% | — | 17.72% | 46.51% | 54.07% |
| May 31, 2010 | 8.57% | — | 15.65% | 14.65% | 43.71% |
| May 31, 2009 | 0.72% | — | 11.20% | — | 28.20% |
| May 31, 2008 | 7.74% | — | 15.14% | — | 44.29% |
| May 31, 2007 | 15.93% | — | 11.90% | 16.67% | 3.14% |
| May 31, 2006 | 15.69% | — | 10.49% | 1,064.99% | 27.14% |
| May 31, 2005 | 15.11% | — | 7.49% | — | 22.92% |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Transportation)
FedEx Corp., ROE, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| May 31, 2024 | 15.70% | — |
| May 31, 2023 | 15.23% | 27.38% |
| May 31, 2022 | 15.34% | 19.64% |
| May 31, 2021 | 21.64% | 30.78% |
| May 31, 2020 | 7.03% | -10.82% |
| May 31, 2019 | 3.04% | 8.33% |
| May 31, 2018 | 23.55% | 33.03% |
| May 31, 2017 | 18.65% | 40.90% |
| May 31, 2016 | 13.20% | 27.46% |
| May 31, 2015 | 7.00% | 38.20% |
| May 31, 2014 | 13.73% | 27.90% |
| May 31, 2013 | 8.97% | 22.65% |
| May 31, 2012 | 13.80% | 15.25% |
| May 31, 2011 | 9.54% | 22.02% |
| May 31, 2010 | 8.57% | 18.67% |
| May 31, 2009 | 0.72% | 9.88% |
| May 31, 2008 | 7.74% | 3.26% |
| May 31, 2007 | 15.93% | 10.87% |
| May 31, 2006 | 15.69% | 68.59% |
| May 31, 2005 | 15.11% | -101.45% |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Industrials)
FedEx Corp., ROE, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| May 31, 2024 | 15.70% | — |
| May 31, 2023 | 15.23% | 27.83% |
| May 31, 2022 | 15.34% | 15.70% |
| May 31, 2021 | 21.64% | 15.61% |
| May 31, 2020 | 7.03% | 0.67% |
| May 31, 2019 | 3.04% | 14.80% |
| May 31, 2018 | 23.55% | 18.12% |
| May 31, 2017 | 18.65% | 18.27% |
| May 31, 2016 | 13.20% | 21.84% |
| May 31, 2015 | 7.00% | 16.16% |
| May 31, 2014 | 13.73% | 19.66% |
| May 31, 2013 | 8.97% | 16.39% |
| May 31, 2012 | 13.80% | 17.17% |
| May 31, 2011 | 9.54% | 20.00% |
| May 31, 2010 | 8.57% | 16.32% |
| May 31, 2009 | 0.72% | 12.81% |
| May 31, 2008 | 7.74% | 20.67% |
| May 31, 2007 | 15.93% | 20.32% |
| May 31, 2006 | 15.69% | 31.99% |
| May 31, 2005 | 15.11% | 7.87% |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).