FedEx (FDX) Revenue — Quarter Ended May 31, 2023
Revenue declined for the quarter, reflecting a year-over-year drop. The sequential comparison also showed a slight decrease.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q4
Revenue declined for the quarter, reflecting a year-over-year drop. The sequential comparison also showed a slight decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
-10.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$90.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2022 | $23.2B | +5.6% |
| Nov 30, 2022 | $22.8B | -2.8% |
| Feb 28, 2023 | $22.2B | -6.2% |
| May 31, 2023 | $21.9B | -10.1% |
Revenue performance
On a sequential basis, revenue edged lower from the prior quarter.
Quarterly comparison
Compared with the same quarter last year, revenue was significantly lower.
What to watch
Monitor whether the revenue trend continues to soften.