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Fedex Corporation  (FDX)
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FDX's Net Income Growth by Quarter and Year

Fedex's Net Income results by quarter and year




FDX Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter May - 1,538.00 558.00 1,868.00
III Quarter February - 771.00 1,112.00 892.00
II Quarter November 900.00 788.00 1,044.00 1,226.00
I Quarter August 1,078.00 875.00 1,112.00 1,245.00
FY   1,978.00 3,972.00 3,826.00 5,231.00



FDX Net Income second quarter 2024 Y/Y Growth Comment
Fedex Corporation reported Net Income increase of 14.21% year on year in the second quarter 2024, to $ 900.00 millions, this is lower than Fedex Corporation's recent average Net Income improvement of 23.68%.

According to the results reported in the second quarter 2024, Fedex Corporation achieved the best Net Income growth in Transport & Logistics industry. While Fedex Corporation' s Net Income growth of 14.21% ranks overall at the positon no. 19 in the second quarter 2024.




FDX Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter May - 175.63 % -70.13 % -
III Quarter February - -30.67 % 24.66 % 183.17 %
II Quarter November 14.21 % -24.52 % -14.85 % 118.93 %
I Quarter August 23.2 % -21.31 % -10.68 % 67.11 %
FY   - 3.82 % -26.86 % 306.77 %

Financial Statements
Fedex's second quarter 2024 Net Income $ 900.00 millions FDX's Income Statement
Fedex's second quarter 2023 Net Income $ 788.00 millions Quarterly FDX's Income Statement
New: More FDX's historic Net Income Growth >>


FDX Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter May - 99.48 % -49.82 % 109.42 %
III Quarter February - -2.16 % 6.51 % -27.24 %
II Quarter November -16.51 % -9.94 % -6.12 % -1.53 %
I Quarter August -29.91 % 56.81 % -40.47 % -
FY (Year on Year)   - 3.82 % -26.86 % 306.77 %




Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #1
Transportation Sector #1
Overall #19

Net Income Y/Y Growth Statistics
High Average Low
289.01 % 23.68 % -75.32 %
(Nov. 30. 2004)   (Feb. 26, 2009)
Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #1
Transportation Sector #1
Overall #19
Net Income Y/Y Growth Statistics
High Average Low
289.01 % 23.68 % -75.32 %
(Nov. 30. 2004)   (Feb. 26, 2009)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Fedex's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
167.61 % 9.1 % -80.32 %
(Feb 28 2018)  


FDX's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Fedex Corporation disclosed fall in Net Income sequentially by -16.51% to $ 900.00 millions, from $ 1,078.00 millions achived a quarter before.

If you look into current shortcoming in the quarter, you suppose to assume, that usually II. Quarter 2024 results emerge sluggish then in the quarter before

Within Transport & Logistics industry Fedex Corporation achieved highest sequential Net Income growth. While Fedex's Net Income growth quarter on quarter, overall rank is 5.


Net Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #0
Overall #5
Net Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #0
Overall #5
Net Income Q/Q Growth Statistics
High Average Low
167.61 % 9.1 % -80.32 %
(Feb 28 2018)  


FDX's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Fedex Corporation realized fall in Net Income from the first quarter by -16.51% to $ 900.00 millions, from $ 1,078.00 millions released a quarter before.

As we look into current downturn at the II. Quarter, we suppose to assume, that usually II. Quarter performance occur weaker relative to the quarter before

Within Transport & Logistics industry Fedex Corporation achieved highest sequential Net Income growth. While Fedex's Net Income growth quarter on quarter, overall rank is 5.


Fedex's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Nov 30 2023)
12 Months Ending
(Aug 31 2023)
12 Months Ending
(May 31 2023)
12 Months Ending
(Feb 28 2023)
12 Months Ending
(Nov 30 2022)
Cumulative Net Income 12 Months Ending $ 4,287.00 $ 4,175.00 $ 3,972.00 $ 2,992.00 $ 3,333.00
Y / Y Net Income Growth (TTM) 28.62 % 16.33 % 3.82 % -41.74 % -32.2 %
Year on Year Net Income Growth Overall Ranking # 10 # 1317 # 41 # 1 # 124
Seqeuential Net Income Change (TTM) 2.68 % 5.11 % 32.75 % -10.23 % -7.13 %
Seq. Net Income Growth (TTM) Overall Ranking # 61 # 1081 # 39 # 1223 # 940




Cumulative Net Income growth Comment
Although Fedex's Annual Net Income growth year on year were below company's average 78.44% , Net Income announced in the Nov 30 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 28.62% year on year, from 16.33% in Aug 31 2023. And, Fedex had the highest Net Income growth, in Transport & Logistics industry.

Fedex Corporation achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 10, from total ranking in previous quarter at 1317.

Net Income TTM Q/Q Growth Statistics
High Average Low
3169.33 %
78.44 %
-124.59 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 1
Overall # 10

Net Income TTM Y/Y Growth Statistics
High Average Low
3169.33 %
78.44 %
-124.59 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 2
S&P 500 # 61
Cumulative Net Income growth Comment
Although Fedex's Annual Net Income growth year on year were below company's average 78.44% , Net Income announced in the Nov 30 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 28.62% year on year, from 16.33% in Aug 31 2023. And, Fedex had the highest Net Income growth, in Transport & Logistics industry.

Fedex Corporation achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 10, from total ranking in previous quarter at 1317.

Net Income TTM Q/Q Growth Statistics
High Average Low
3169.33 %
78.44 %
-124.59 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 1
Overall # 10

Net Income TTM Y/Y Growth Statistics
High Average Low
3169.33 %
78.44 %
-124.59 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 2
S&P 500 # 61




Other Net Income Growth
Transport & Logistics Industry Net Income Growth Trends and Statistics
Transportation Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
FDX's Net Income Growth Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for FDX's Competitors
Net Income Growth for Fedex's Suppliers
Net Income Growth 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 Dividend Payout Ratio
FDX's Roa FDX's Inventory Turnover Ratio FDX's Growth Rates FDX's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Nov 30 2023 within Transportation SectorY/Y Change %Net Income for the quarter ending Nov 30 2023
Fedex Corporation14.21%$ 14.213 millions




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