FedEx (FDX) Revenue — Quarter Ended May 31, 2024
FedEx reported revenue growth for the quarter. The increase reflected higher activity compared with both the preceding three months and the same period last year.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q4
FedEx reported revenue growth for the quarter. The increase reflected higher activity compared with both the preceding three months and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.7B
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, 2023 | $21.7B | -6.7% |
| Nov 30, 2023 | $22.2B | -2.8% |
| Feb 29, 2024 | $21.7B | -1.9% |
| May 31, 2024 | $22.1B | +0.8% |
Revenue performance
Revenue moved higher sequentially, reversing the decline seen in the prior quarter.
Quarterly comparison
Compared with the same quarter a year earlier, revenue also increased, continuing a pattern of year-over-year growth.
What to watch
The company's liquidity outlook for the upcoming fiscal year is a focus area, as noted in the annual report.