FedEx (FDX) Revenue — Quarter Ended Feb 29, 2024
FedEx posted a decline in revenue for the quarter. The decrease was consistent with both the prior quarter and the same period a year earlier.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q3
FedEx posted a decline in revenue for the quarter. The decrease was consistent with both the prior quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.7B
Revenue reported for this quarter.
Quarter-over-quarter
-1.9%
Change from the immediately preceding quarter.
Year-over-year
-1.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.5B
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 |
|---|---|---|
| May 31, 2023 | $21.9B | -10.1% |
| Aug 31, 2023 | $21.7B | -6.7% |
| Nov 30, 2023 | $22.2B | -2.8% |
| Feb 29, 2024 | $21.7B | -1.9% |
Revenue performance
Revenue contracted during the quarter. The sequential and year-over-year declines were of similar magnitude.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. The same was true when measured against the same quarter one year ago, with the decline matching the sequential drop.
What to watch
A key focus is whether the revenue trend can reverse in the coming periods.