FedEx Corp. (FDX)

• Annual Data
• Quarterly Data

• Annual Data
• Quarterly Data

FedEx Corp., decomposition of ROE

	ROE	=	ROA	×	Financial Leverage
May 31, 2019		=		×
May 31, 2018		=		×
May 31, 2017		=		×
May 31, 2016		=		×
May 31, 2015		=		×
May 31, 2014		=		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in return on equity ratio (ROE) over 2019 year is the decrease in profitability measured by return on assets ratio (ROA).

• Annual Data
• Quarterly Data

FedEx Corp., decomposition of ROE

	ROE	=	Net Profit Margin	×	Asset Turnover	×	Financial Leverage
May 31, 2019		=		×		×
May 31, 2018		=		×		×
May 31, 2017		=		×		×
May 31, 2016		=		×		×
May 31, 2015		=		×		×
May 31, 2014		=		×		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in return on equity ratio (ROE) over 2019 year is the decrease in profitability measured by net profit margin ratio.

FedEx Corp., decomposition of ROE

	ROE	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover	×	Financial Leverage
May 31, 2019		=		×		×		×		×
May 31, 2018		=		×		×		×		×
May 31, 2017		=		×		×		×		×
May 31, 2016		=		×		×		×		×
May 31, 2015		=		×		×		×		×
May 31, 2014		=		×		×		×		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in return on equity ratio (ROE) over 2019 year is the decrease in operating profitability measured by EBIT margin ratio.

• Annual Data
• Quarterly Data

FedEx Corp., decomposition of ROA

	ROA	=	Net Profit Margin	×	Asset Turnover
May 31, 2019		=		×
May 31, 2018		=		×
May 31, 2017		=		×
May 31, 2016		=		×
May 31, 2015		=		×
May 31, 2014		=		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in return on assets ratio (ROA) over 2019 year is the decrease in profitability measured by net profit margin ratio.

FedEx Corp., decomposition of ROA

	ROA	=	Tax Burden	×	Interest Burden	×	EBIT Margin	×	Asset Turnover
May 31, 2019		=		×		×		×
May 31, 2018		=		×		×		×
May 31, 2017		=		×		×		×
May 31, 2016		=		×		×		×
May 31, 2015		=		×		×		×
May 31, 2014		=		×		×		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in return on assets ratio (ROA) over 2019 year is the decrease in operating profitability measured by EBIT margin ratio.

FedEx Corp., decomposition of net profit margin ratio

	Net Profit Margin	=	Tax Burden	×	Interest Burden	×	EBIT Margin
May 31, 2019		=		×		×
May 31, 2018		=		×		×
May 31, 2017		=		×		×
May 31, 2016		=		×		×
May 31, 2015		=		×		×
May 31, 2014		=		×		×

Based on: 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), 10-K (filing date: 2014-07-14).

The primary reason for the decrease in net profit margin ratio over 2019 year is the decrease in operating profitability measured by EBIT margin ratio.