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Fedex Corporation  (FDX)
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Fedex's Effective Tax Rate by quarter

Trends, Rankings, Statistics



FDX Effective Tax Rate (Nov 30 2023)
II. Quarter
(Aug 31 2023)
I. Quarter
(May 31 2023)
IV. Quarter
(Feb 28 2023)
III. Quarter
(Nov 30 2022)
II. Quarter
Y / Y Pre-Tax Income Change 13.5 % 23.31 % 211.11 % -25.67 % -23.26 %
Seq. Pre-Tax Income Change -15.53 % -33.13 % 108.22 % -3.49 % -8.23 %
Pre-Tax Income In Millions $1,202.00 $1,423.00 $2,128.00 $1,022.00 $1,059.00
Effective Tax Rate 25.12 % 24.24 % 27.73 % 24.56 % 25.59 %
Effective Tax Rate Total Ranking # 933 # 1300 # 1762 # 1384 # 1630
Income taxes expenses / -benefit In Millions $302.00 $345.00 $590.00 $251.00 $271.00
Y / Y Income taxes expenses / -benefit Change 11.44 % 23.66 % 368.25 % -4.56 % -19.35 %
Seq. Income taxes expenses / -benefit Change -12.46 % -41.53 % 135.06 % -7.38 % -2.87 %


Commenting Second Quarter 2023 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compare to previous quarter to 25.12 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Transport & Logistics industry 7 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 933, from total ranking in previous quarter at 1300.

FDX's Effective Tax Rate second quarter 2023 Company Ranking
Within: No.
Transport & Logistics Industry # 8
Transportation Sector # 22
Overall # 932

FDX's Effective Tax Rate Statistics
High Average Low
39.31 % 32.26 % 2.1 %
(Aug 31 2017)   (Nov 30 2019)




Other Effective Tax Rate Profitability Ratios
FDX's Cumulative Effective Tax Rate
Transport & Logistics Industry Effective Tax Rate Trends and Statistics
Transportation Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
FDX's Effective Tax Rate Profitability versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for FDX's Competitors
Effective Tax Rate Profit Margin for Fedex's Suppliers
Effective Tax Rate Profit Margin for FDX's Customers

You may also want to know
FDX's Annual Growth Rates FDX's Profitability Ratios FDX's Asset Turnover Ratio FDX's Dividend Growth
FDX's Roe FDX's Valuation Ratios FDX's Financial Strength Ratios FDX's Income taxes expenses / -benefit Growth
FDX's Roa FDX's Inventory Turnover Ratio FDX's Growth Rates FDX's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Nov 30 2023, within Transport & Logistics Industry Effective Tax RateNov 30 2023 MRQ Income taxes expenses / -benefitNov 30 2023 MRQ Pre-Tax Income
Arcbest Corporation  28.04 %$ 19.016 $ 67.806 
Fedex Corporation  25.12 %$ 302.000 $ 1,202.000 
Marten Transport Ltd  24.97 %$ 4.126 $ 16.525 
Landstar System Inc   24.13 %$ 18.447 $ 76.434 
Covenant Logistics Group Inc   23.62 %$ 3.910 $ 16.555 
Werner Enterprises Inc   23.08 %$ 6.970 $ 30.202 
United Parcel Service Inc   22.20 %$ 458.000 $ 2,063.000 
J b Hunt Transport Services Inc   17.87 %$ 33.413 $ 186.949 




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