FedEx Corp. operates in 4 segments: FedEx Express; FedEx Ground; FedEx Freight; and FedEx Services.
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Segment Profit Margin
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services |
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).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | FedEx Express | FedEx Express segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
FedEx Ground | FedEx Ground segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
FedEx Freight | FedEx Freight segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. | |
FedEx Services |
Segment Profit Margin: FedEx Express
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Revenue | ||||||
Segment Profitability Ratio | ||||||
Segment profit margin1 |
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).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | FedEx Express | FedEx Express segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: FedEx Ground
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Revenue | ||||||
Segment Profitability Ratio | ||||||
Segment profit margin1 |
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).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | FedEx Ground | FedEx Ground segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: FedEx Freight
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Revenue | ||||||
Segment Profitability Ratio | ||||||
Segment profit margin1 |
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).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | FedEx Freight | FedEx Freight segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Profit Margin: FedEx Services
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Revenue | ||||||
Segment Profitability Ratio | ||||||
Segment profit margin1 |
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).
1 2024 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenue
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | FedEx Services |
Segment Return on Assets (Segment ROA)
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services |
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).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | FedEx Express | FedEx Express segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
FedEx Ground | FedEx Ground segment ROA improved from 2022 to 2023 and from 2023 to 2024. | |
FedEx Freight | FedEx Freight segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
FedEx Services |
Segment ROA: FedEx Express
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Segment assets | ||||||
Segment Profitability Ratio | ||||||
Segment ROA1 |
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).
1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | FedEx Express | FedEx Express segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: FedEx Ground
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Segment assets | ||||||
Segment Profitability Ratio | ||||||
Segment ROA1 |
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).
1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | FedEx Ground | FedEx Ground segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: FedEx Freight
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Segment assets | ||||||
Segment Profitability Ratio | ||||||
Segment ROA1 |
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).
1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | FedEx Freight | FedEx Freight segment ROA improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment ROA: FedEx Services
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Operating income (loss) | ||||||
Segment assets | ||||||
Segment Profitability Ratio | ||||||
Segment ROA1 |
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).
1 2024 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Segment assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | FedEx Services |
Segment Asset Turnover
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services |
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).
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | FedEx Express | FedEx Express segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
FedEx Ground | FedEx Ground segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
FedEx Freight | FedEx Freight segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
FedEx Services | FedEx Services segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Asset Turnover: FedEx Express
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenue | ||||||
Segment assets | ||||||
Segment Activity Ratio | ||||||
Segment asset turnover1 |
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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | FedEx Express | FedEx Express segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: FedEx Ground
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenue | ||||||
Segment assets | ||||||
Segment Activity Ratio | ||||||
Segment asset turnover1 |
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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | FedEx Ground | FedEx Ground segment asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Asset Turnover: FedEx Freight
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenue | ||||||
Segment assets | ||||||
Segment Activity Ratio | ||||||
Segment asset turnover1 |
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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | FedEx Freight | FedEx Freight segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: FedEx Services
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenue | ||||||
Segment assets | ||||||
Segment Activity Ratio | ||||||
Segment asset turnover1 |
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).
1 2024 Calculation
Segment asset turnover = Revenue ÷ Segment assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | FedEx Services | FedEx Services segment asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services |
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).
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | FedEx Express | FedEx Express segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
FedEx Ground | FedEx Ground segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
FedEx Freight | FedEx Freight segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. | |
FedEx Services | FedEx Services segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: FedEx Express
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Capital expenditures | ||||||
Depreciation and amortization | ||||||
Segment Financial Ratio | ||||||
Segment capital expenditures to depreciation1 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | FedEx Express | FedEx Express segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: FedEx Ground
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Capital expenditures | ||||||
Depreciation and amortization | ||||||
Segment Financial Ratio | ||||||
Segment capital expenditures to depreciation1 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | FedEx Ground | FedEx Ground segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: FedEx Freight
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Capital expenditures | ||||||
Depreciation and amortization | ||||||
Segment Financial Ratio | ||||||
Segment capital expenditures to depreciation1 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | FedEx Freight | FedEx Freight segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: FedEx Services
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Capital expenditures | ||||||
Depreciation and amortization | ||||||
Segment Financial Ratio | ||||||
Segment capital expenditures to depreciation1 |
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).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | FedEx Services | FedEx Services segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Revenue
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services | ||||||
Corporate, other and eliminations | ||||||
Consolidated total |
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).
Depreciation and amortization
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services | ||||||
Corporate, other and eliminations | ||||||
Consolidated total |
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).
Operating income (loss)
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services | ||||||
Corporate, other and eliminations | ||||||
Consolidated total |
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).
Segment assets
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services | ||||||
Corporate, other and eliminations | ||||||
Consolidated total |
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).
Capital expenditures
May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | |
---|---|---|---|---|---|---|
FedEx Express | ||||||
FedEx Ground | ||||||
FedEx Freight | ||||||
FedEx Services | ||||||
Corporate, other and eliminations | ||||||
Consolidated total |
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).