Stock Analysis on Net
Stock Analysis on Net
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FedEx Corp. (NYSE:FDX)

Common-Size Income Statement

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FedEx Corp., common-size consolidated income statement

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12 months ended: May 31, 2020 May 31, 2019 May 31, 2018 May 31, 2017 May 31, 2016 May 31, 2015
Revenue 100.00 100.00 100.00 100.00 100.00 100.00
Purchased transportation -25.23 -23.90 -23.07 -22.60 -19.79 -17.88
Rentals and landing fees -5.36 -4.82 -5.14 -5.37 -5.67 -5.65
Fuel -4.56 -5.58 -5.16 -4.60 -4.76 -7.84
Maintenance and repairs -4.18 -4.07 -4.01 -3.94 -4.19 -4.42
Cost of revenue -39.34% -38.36% -37.37% -36.50% -34.40% -35.79%
Gross profit 60.66% 61.64% 62.63% 63.50% 65.60% 64.21%
Salaries and employee benefits -36.16 -35.55 -35.46 -35.71 -36.89 -36.06
Depreciation and amortization -5.22 -4.81 -4.73 -4.97 -5.22 -5.50
Goodwill and other asset impairment charges -0.63 0.00 -0.58 0.00 0.00 -0.58
Business realignment costs 0.00 -0.46 0.00 0.00 0.00 0.00
Retirement plans mark-to-market adjustment 0.00 0.00 0.02 0.04 -2.97 -4.62
Other -15.16 -14.41 -14.44 -14.51 -14.40 -13.52
Operating income 3.49% 6.41% 7.44% 8.35% 6.11% 3.93%
Interest expense -0.97 -0.84 -0.85 -0.85 -0.67 -0.50
Interest income 0.08 0.08 0.07 0.05 0.04 0.03
Other retirement plans expense -0.18 -4.66 0.00 0.00 0.00 0.00
Other, net -0.01 -0.04 -0.01 0.03 -0.04 -0.04
Other income (expense) -1.08% -5.47% -0.79% -0.76% -0.67% -0.51%
Income before income taxes 2.41% 0.94% 6.65% 7.59% 5.44% 3.43%
(Provision) benefit for income taxes -0.55 -0.17 0.33 -2.62 -1.83 -1.22
Net income 1.86% 0.77% 6.99% 4.97% 3.61% 2.21%

Based on: 10-K (filing date: 2020-07-20), 10-K (filing date: 2019-07-16), 10-K (filing date: 2018-07-16), 10-K (filing date: 2017-07-17), 10-K (filing date: 2016-07-18), 10-K (filing date: 2015-07-14).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. FedEx Corp.’s operating income as a percentage of revenue decreased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. FedEx Corp.’s income before income taxes as a percentage of revenue decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. FedEx Corp.’s net income as a percentage of revenue decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.