FedEx (FDX) Revenue — Quarter Ended Nov 30, 2024
Revenue for the quarter increased sequentially but declined year over year. The quarterly performance reflected a modest improvement from the prior period, though the top line remained below the level of a year ago.
Key takeaway
Quarter ended Nov 30, 2024 · FY2025 Q2
Revenue for the quarter increased sequentially but declined year over year. The quarterly performance reflected a modest improvement from the prior period, though the top line remained below the level of a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
-0.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.4B
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 |
|---|---|---|
| Feb 29, 2024 | $21.7B | -1.9% |
| May 31, 2024 | $22.1B | +0.8% |
| Aug 31, 2024 | $21.6B | -0.5% |
| Nov 30, 2024 | $22B | -0.9% |
Revenue performance
Revenue rose compared to the immediately preceding quarter, indicating a rebound from the prior period's level.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was slightly lower. The sequential gain offset some of the year-over-year softness.
What to watch
Monitor whether the sequential revenue growth can sustain in the coming quarters amid the year-over-year decline.