FedEx (FDX) 10-K Summary — Year Ended May 31, 2024
FedEx Corporation's annual report covers the most recent fiscal year. The filing provides financial metrics and discusses liquidity, but the supplied data does not include detailed business or risk text.
Key takeaway
Year ended May 31, 2024 · FY2025 10-K
FedEx Corporation's annual report covers the most recent fiscal year. The filing provides financial metrics and discusses liquidity, but the supplied data does not include detailed business or risk text.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$87.7B
Revenue reported for the fiscal year.
Operating income
$5.6B
Income from operations reported for the year.
Net income
$4.3B
Net income reported for the year.
Operating cash flow
$8.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2021 | $84B | n/a |
| May 31, 2022 | $93.5B | +11.4% |
| May 31, 2023 | $90.2B | -3.6% |
| May 31, 2024 | $87.7B | -2.7% |
Business overview
The supplied filing includes a Business overview section, but its text was not provided in the extracted data. Therefore, a specific description of the company's operations cannot be derived from the supplied information.
Financial performance
Revenue declined compared to the prior year. Operating income and net income were reported at positive levels. Operating cash flow exceeded net income, indicating strong cash generation.
Material risks
The filing contains a Risk Factors section, but the supplied data does not include the substance of those risks. Similarly, the Cybersecurity section is mentioned but without details. As a result, specific material risks cannot be identified from the provided context.
Liquidity and capital
The filing discusses liquidity and capital resources, including financial commitments and a liquidity outlook for the upcoming year. The company's operating cash flow was positive, supporting its capital allocation.
What to watch
Readers should monitor the revenue trend in the next filing, as the company's revenue has shown a downward trend.