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

Fedex's Operating Income results by quarter and year




FDX Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter May - 1,503.00 1,924.00 1,797.00
III Quarter February - 1,042.00 1,326.00 1,005.00
II Quarter November 1,276.00 1,176.00 1,597.00 1,465.00
I Quarter August 1,485.00 1,191.00 1,398.00 1,590.00
FY   2,761.00 4,912.00 6,245.00 5,857.00



FDX Operating Income second quarter 2024 Y/Y Growth Comment
Fedex Corporation reported Operating Income growth of 8.5% year on year in the second quarter 2024, to $ 1,276.00 millions, this is lower than Fedex Corporation's recent average Operating Income improvement of 32.79%.

According to the results reported in the second quarter 2024, Fedex Corporation achieved the best Operating Income growth in Transport & Logistics industry. While Fedex Corporation' s Operating Income increase of 8.5% ranks overall at the positon no. 7 in the second quarter 2024.

Explain Operating Income growth


FDX Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter May - -21.88 % 7.07 % 278.32 %
III Quarter February - -21.42 % 31.94 % 144.53 %
II Quarter November 8.5 % -26.36 % 9.01 % 164.44 %
I Quarter August 24.69 % -14.81 % -12.08 % 62.74 %
FY   - -21.35 % 6.62 % 142.33 %

Financial Statements
Fedex's second quarter 2024 Operating Income $ 1,276.00 millions FDX's Income Statement
Fedex's second quarter 2023 Operating Income $ 1,176.00 millions Quarterly FDX's Income Statement
New: More FDX's historic Operating Income Growth >>


FDX Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter May - 44.24 % 45.1 % 78.81 %
III Quarter February - -11.39 % -16.97 % -31.4 %
II Quarter November -14.07 % -1.26 % 14.23 % -7.86 %
I Quarter August -1.2 % -38.1 % -22.2 % 234.74 %
FY (Year on Year)   - -21.35 % 6.62 % 142.33 %




Operating Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #1
Transportation Sector #1
Overall #7

Operating Income Y/Y Growth Statistics
High Average Low
908.68 % 32.79 % -88.42 %
(Nov. 30. 2010)   (Nov. 30. 2009)
Operating Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry #1
Transportation Sector #1
Overall #7
Operating Income Y/Y Growth Statistics
High Average Low
908.68 % 32.79 % -88.42 %
(Nov. 30. 2010)   (Nov. 30. 2009)

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

Fedex's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
234.74 % 8.85 % -76.79 %
(Aug 31 2020)  


FDX's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2024 Fedex Corporation disclosed drop in Operating Income from the previous quarter by -14.07% to $ 1,276.00 millions, from $ 1,485.00 millions declared a quarter before.

This is not important issue, as Fedex's Operating Income generally tend to slow in the II. Quarter Rose  Green, market contributor from Houston wrote.

Within Transport & Logistics industry Fedex Corporation achieved highest sequential Operating Income growth. While Fedex's Operating Income growth quarter on quarter, overall rank is 6.


Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #0
Overall #6
Operating Income Q/Q Growth Company Ranking
Within: No.
Transport & Logistics Industry #0
Transportation Sector #0
Overall #6
Operating Income Q/Q Growth Statistics
High Average Low
234.74 % 8.85 % -76.79 %
(Aug 31 2020)  


FDX's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2024 Fedex Corporation realized drop in Operating Income from the first quarter by -14.07% to $ 1,276.00 millions, from $ 1,485.00 millions declared in the previous quarter.

This is not huge problem, as II. Quarter Operating Income generally tend to slow in this quarter.

Within Transport & Logistics industry Fedex Corporation achieved highest sequential Operating Income growth. While Fedex's Operating Income growth quarter on quarter, overall rank is 6.


Fedex's 12 Months Operating Income Growth Year on Year


Operating 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 Operating Income 12 Months Ending $ 5,306.00 $ 5,206.00 $ 4,912.00 $ 5,333.00 $ 5,617.00
Y / Y Operating Income Growth (TTM) -5.54 % -13.78 % -21.35 % -12.83 % -3.11 %
Year on Year Operating Income Growth Overall Ranking # 6 # 1 # 30 # 756 # 0
Seqeuential Operating Income Change (TTM) 1.92 % 5.99 % -7.89 % -5.06 % -6.97 %
Seq. Operating Income Growth (TTM) Overall Ranking # 7 # 1 # 33 # 1296 # 0




Cumulative Operating Income growth Comment
Fedex showed decline, but improvement compare to trailing twelve month Operating Income decrease in Aug 31 2023. If the fiscal year would end in Nov 30 2023, Fedex's annual Operating Income decline would be -5.54% year on year to $5,306 millions.

Fedex Corporation achieved highest trailing twelve month year on year Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1 to 6.

Operating Income TTM Q/Q Growth Statistics
High Average Low
908.68 %
32.79 %
-88.42 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 0
Overall # 6

Operating Income TTM Y/Y Growth Statistics
High Average Low
908.68 %
32.79 %
-88.42 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 7
Cumulative Operating Income growth Comment
Fedex showed decline, but improvement compare to trailing twelve month Operating Income decrease in Aug 31 2023. If the fiscal year would end in Nov 30 2023, Fedex's annual Operating Income drop would be -5.54% year on year to $5,306 millions.

Fedex Corporation achieved highest trailing twelve month year on year Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1 to 6.

Operating Income TTM Q/Q Growth Statistics
High Average Low
908.68 %
32.79 %
-88.42 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Transport & Logistics Industry # 1
Transportation Sector # 0
Overall # 6

Operating Income TTM Y/Y Growth Statistics
High Average Low
908.68 %
32.79 %
-88.42 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 7




Other Operating Income Growth
Transport & Logistics Industry Operating Income Growth Trends and Statistics
Transportation Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
FDX's Operating Income Growth Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for FDX's Competitors
Operating Income Growth for Fedex's Suppliers
Operating 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 Operating Income drop for the quarter ending Nov 30 2023 within Transportation SectorY/Y Change %Operating Income for the quarter ending Nov 30 2023
Fedex Corporation8.50%$ 8.503 millions




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