FedEx (FDX) Revenue — Quarter Ended Aug 31, 2024
Revenue declined from both the prior quarter and the same period last year. The sequential decrease was larger than the year-over-year decline.
Key takeaway
Quarter ended Aug 31, 2024 · FY2025 Q1
Revenue declined from both the prior quarter and the same period last year. The sequential decrease was larger than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.6B
Revenue reported for this quarter.
Quarter-over-quarter
-2.4%
Change from the immediately preceding quarter.
Year-over-year
-0.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.6B
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 |
|---|---|---|
| Nov 30, 2023 | $22.2B | -2.8% |
| Feb 29, 2024 | $21.7B | -1.9% |
| May 31, 2024 | $22.1B | +0.8% |
| Aug 31, 2024 | $21.6B | -0.5% |
Revenue performance
The company reported lower revenue for the quarter, reflecting a contraction compared to both the preceding quarter and the prior-year period.
Quarterly comparison
Revenue was down from the immediately preceding quarter and also fell slightly from the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue decline continues in the upcoming quarters.