Net Profit Margin
since 2005
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Analysis of Revenues
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Calculation
FedEx Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | = | 100 | × | ÷ | |||
| May 31, 2024 | = | 100 | × | ÷ | |||
| May 31, 2023 | = | 100 | × | ÷ | |||
| May 31, 2022 | = | 100 | × | ÷ | |||
| May 31, 2021 | = | 100 | × | ÷ | |||
| May 31, 2020 | = | 100 | × | ÷ | |||
| May 31, 2019 | = | 100 | × | ÷ | |||
| May 31, 2018 | = | 100 | × | ÷ | |||
| May 31, 2017 | = | 100 | × | ÷ | |||
| May 31, 2016 | = | 100 | × | ÷ | |||
| May 31, 2015 | = | 100 | × | ÷ | |||
| May 31, 2014 | = | 100 | × | ÷ | |||
| May 31, 2013 | = | 100 | × | ÷ | |||
| May 31, 2012 | = | 100 | × | ÷ | |||
| May 31, 2011 | = | 100 | × | ÷ | |||
| May 31, 2010 | = | 100 | × | ÷ | |||
| May 31, 2009 | = | 100 | × | ÷ | |||
| May 31, 2008 | = | 100 | × | ÷ | |||
| May 31, 2007 | = | 100 | × | ÷ | |||
| May 31, 2006 | = | 100 | × | ÷ | |||
| May 31, 2005 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
- Net Income
- The net income shows considerable fluctuation over the observed period. From 2005 to 2007, there is a general increasing trend, peaking at 2,016 million USD in 2007. However, a sharp decline occurs in 2008 and 2009, with net income dropping to 1,125 million USD and then further to only 98 million USD, indicating a significant downturn. After 2009, net income recovers steadily, reaching a notable peak in 2018 at 4,572 million USD. Despite some variability, net income remains relatively high afterward, with slight decreases and increases, maintaining a level above 3,800 million USD in recent years.
- Revenue
- Revenue generally exhibits a consistent upward trend from 2005 through 2025, increasing from 29,363 million USD to a high of 93,512 million USD in 2022. There is a minor dip between 2019 and 2020, possibly reflecting external economic impacts, but overall growth resumes after this period. The data suggest robust revenue growth across the two decades, reflecting expansion in business operations or market penetration.
- Net Profit Margin
- The net profit margin displays volatility corresponding to changes in net income and revenue. Initial margins increase from 4.93% in 2005 to a peak of 5.72% in 2007, then sharply drop to a low of 0.28% in 2009, indicating reduced profitability during this period. Margins subsequently recover, reaching a peak of 6.99% in 2018, which represents the highest profitability rate in the dataset. Following this peak, margins decline somewhat but remain relatively stable around 4.5% to 5% in the most recent years, signifying moderate but consistent profitability.
- Overall Insights
- The data analysis reveals that while revenue has steadily increased over the years, net income and profit margin have experienced more pronounced fluctuations, closely tied to external factors or internal challenges. The dip around 2008-2009 may reflect broader economic conditions negatively impacting profitability. Post-2009 recovery points to improved operational efficiency or market conditions. The sustained high revenue with fluctuating net income suggests periods where costs or expenses may have varied significantly, influencing profitability. Recent years show a trend toward maintaining stable profitability despite some decline from the peak margin, alongside continued revenue growth.
Comparison to Competitors
FedEx Corp., net profit margin, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| May 31, 2025 | |||||
| May 31, 2024 | |||||
| May 31, 2023 | |||||
| May 31, 2022 | |||||
| May 31, 2021 | |||||
| May 31, 2020 | |||||
| May 31, 2019 | |||||
| May 31, 2018 | |||||
| May 31, 2017 | |||||
| May 31, 2016 | |||||
| May 31, 2015 | |||||
| May 31, 2014 | |||||
| May 31, 2013 | |||||
| May 31, 2012 | |||||
| May 31, 2011 | |||||
| May 31, 2010 | |||||
| May 31, 2009 | |||||
| May 31, 2008 | |||||
| May 31, 2007 | |||||
| May 31, 2006 | |||||
| May 31, 2005 |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Transportation)
FedEx Corp., net profit margin, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Industrials)
FedEx Corp., net profit margin, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
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), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).