Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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FedEx Corp., consolidated statement of comprehensive income
US$ in millions
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).
- Net Income
- The net income exhibited significant volatility over the observed periods. It sharply increased from 1,286 million USD in 2020 to a peak of 5,231 million USD in 2021. Subsequently, it declined to 3,826 million USD in 2022, followed by a moderate recovery to 4,331 million USD in 2024 before decreasing again to 4,092 million USD in 2025. This pattern suggests substantial fluctuations in profitability, with 2021 representing an exceptional peak.
- Foreign Currency Translation Adjustments, Net of Tax
- Foreign currency translation adjustments showed a fluctuating trend, beginning with a negative adjustment of -254 million USD in 2020, turning positive to 422 million USD in 2021, then reverting to negative values in subsequent years with -363 million USD in 2022, -214 million USD in 2023, and -60 million USD in 2024, finally reaching a positive adjustment of 2 million USD in 2025. This variation indicates currency exchange impacts on financial results that vary considerably year to year.
- Prior Service Credit Arising During Period, Net of Tax
- This item is mostly unreported except for a single entry of 36 million USD in 2024, indicating a prior service credit recognized in that year. The absence of values in other years suggests limited or no similar credits during those periods.
- Amortization of Prior Service Credits and Other, Net of Tax
- Amortization expenses related to prior service credits and other factors steadily decreased from -79 million USD in 2020 to -5 million USD in 2025. The decline in amortization expense over time may reflect changes in pension-related accounting or reduced amortization requirements.
- Other Comprehensive Income (Loss)
- Other comprehensive income/loss mirrored the foreign currency translation adjustments with negative values in 2020, 2022, 2023, and 2024, fluctuating between -371 million USD and -32 million USD, interspersed with a positive value of 415 million USD in 2021, and nearly neutral in 2025 at -3 million USD. The general trend shows diminishing losses in other comprehensive income over the periods following 2022.
- Comprehensive Income
- Comprehensive income followed a trend similar to net income, rising from 953 million USD in 2020 to 5,646 million USD in 2021, before declining to 3,455 million USD in 2022. It then gradually increased again to 4,299 million USD in 2024, followed by a slight reduction to 4,089 million USD in 2025. The trend demonstrates considerable variability with a pronounced peak in 2021 and general resilience in comprehensive income in later years despite fluctuations.