FedEx Corporation

NYSE-FDX

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	May '15	May '16	May '17	May '18	May '19	May '20	May '21	May '22	May '23	May '24
Total Revenues						69,217	83,959	93,512	90,155	87,693
Total Revenues % Chg.						-0.7%	21.3%	11.4%	-3.6%	-2.7%
Cost of Goods Sold, Total						52,380	60,229	70,101	65,759	63,732
Gross Profit						16,837	23,730	23,411	24,396	23,961
Selling General & Admin Expenses, Total						427	428	470	435	421
Depreciation & Amortization						3,615	3,793	3,970	4,176	4,287
Other Operating Expenses						10,065	11,553	13,174	13,358	12,290
Other Operating Expenses, Total						14,107	15,774	17,614	17,969	16,998
Operating Income						2,730	7,956	5,797	6,427	6,963
Interest Expense, Total						-672	-793	-689	-694	-745
Interest And Investment Income						55	52	53	198	370
Net Interest Expenses						-617	-741	-636	-496	-375
Other Non Operating Income (Expenses)						-9	-32	13	-107	-70
EBT, Excl. Unusual Items						2,104	7,183	5,174	5,824	6,518
Restructuring Charges		—	—	—		—	-116	-278	-309	-582
Impairment of Goodwill	—	—	—		—	-358	—	—	-36	—
Asset Writedown	—	—	—		—	-77	—	—	-81	-157
Insurance Settlements	—	—	—	—	—	—	—	—	—	57
Legal Settlements				—		—	—	—	-35	—
Other Unusual Items	—	—	—		—	—	-393	—	—	—
EBT, Incl. Unusual Items						1,669	6,674	4,896	5,363	5,836
Income Tax Expense						383	1,443	1,070	1,391	1,505
Earnings From Continuing Operations						1,286	5,231	3,826	3,972	4,331
Net Income						1,286	5,231	3,826	3,972	4,331
Preferred Dividend and Other Adjustments						2	11	7	6	6
Net Income to Common Incl Extra Items						1,284	5,220	3,819	3,966	4,325
Net Income to Common Excl. Extra Items						1,284	5,220	3,819	3,966	4,325
Total Shares Outstanding						262	267.3	259.8	251.2	244.3
Weighted Avg. Shares Outstanding						261	264	263	254	248
Weighted Avg. Shares Outstanding Dil						262	268	266	256	251
EPS						4.9	19.8	14.5	15.6	17.4
EPS Diluted						4.9	19.5	14.3	15.5	17.2
EBITDA						6,345	11,749	9,767	10,603	11,250
Effective Tax Rate						22.9%	21.6%	21.9%	25.9%	25.8%