Analysis of Revenues
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- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Revenues as Reported
FedEx Corp., income statement, revenues
US$ in millions
| 12 months ended: | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal Express Segment | |||||||||||||
| FedEx Freight Segment | |||||||||||||
| Other and eliminations | |||||||||||||
| Consolidated revenue |
Based on: 10-K (reporting date: 2025-05-31), 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).
- Federal Express Segment Revenue
- The segment shows an overall increasing trend from May 31, 2020, to May 31, 2022, rising from 58,268 million USD to 79,299 million USD. However, a decline is observed in the subsequent years with revenues dropping to 75,884 million USD in 2023 and further to 74,663 million USD in 2024. There is a slight recovery projected for May 31, 2025, with revenue increasing marginally to 75,304 million USD.
- FedEx Freight Segment Revenue
- This segment demonstrates consistent growth from May 31, 2020, through May 31, 2023, with revenues increasing from 7,102 million USD to a peak of 10,084 million USD. After this peak, a decline is shown in the following years, decreasing to 9,429 million USD in 2024 and further to 8,892 million USD in 2025.
- Other and Eliminations
- The figures in this category fluctuate across the period analyzed. Initially, a decrease occurs from 3,847 million USD in 2020 to 3,520 million USD in 2021. This is followed by a rise to 4,681 million USD in 2022, then a decline again to 3,601 million USD in 2024 with a slight increase to 3,730 million USD projected for 2025. These variations may indicate adjustments related to internal transactions or non-core activities.
- Consolidated Revenue
- Overall, consolidated revenue reveals a strong upward trajectory from 69,217 million USD in 2020 to 93,512 million USD in 2022. Subsequently, revenue declines in the following years, moving down to 90,155 million USD in 2023 and 87,693 million USD in 2024, with a marginal increase to 87,926 million USD expected for 2025. This pattern suggests an initial period of substantial growth followed by stabilization and slight contraction.
- Summary of Trends
- The analysis highlights significant growth in revenues up to 2022 across most segments, particularly notable in the Federal Express and FedEx Freight segments. However, from 2023 onwards, there is a consistent downward adjustment in revenues, indicating possible market challenges or operational shifts. The marginal rebound in 2025 suggests a potential stabilization or recovery phase after the decline. The "Other and eliminations" category exhibits variability likely related to accounting or operational adjustments.