FedEx Corporation (FDX)
Gross profit margin
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 47,890,000 | 36,142,000 | 36,316,000 | 36,773,000 | 37,577,000 | 49,003,000 | 50,307,000 | 51,007,000 | 50,814,000 | 39,065,000 | 37,604,000 | 36,126,000 | 34,860,000 | 52,548,000 | 50,122,000 | 47,816,000 | 43,618,000 | 44,046,000 | 41,194,000 | 39,046,000 |
| Revenue (ttm) | US$ in thousands | 86,948,000 | 86,820,000 | 87,251,000 | 87,900,000 | 89,461,000 | 91,930,000 | 93,402,000 | 94,062,000 | 92,823,000 | 90,497,000 | 88,366,000 | 85,455,000 | 82,773,000 | 78,752,000 | 74,723,000 | 71,484,000 | 69,211,000 | 69,660,000 | 69,189,000 | 69,689,000 |
| Gross profit margin | 55.08% | 41.63% | 41.62% | 41.84% | 42.00% | 53.30% | 53.86% | 54.23% | 54.74% | 43.17% | 42.55% | 42.27% | 42.12% | 66.73% | 67.08% | 66.89% | 63.02% | 63.23% | 59.54% | 56.03% |
May 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $47,890,000K ÷ $86,948,000K
= 55.08%
FedEx Corporation's gross profit margin has shown some fluctuations over the past several quarters. The margin ranged from a high of 67.08% in February 2021 to a low of 41.62% in November 2023. The most recent data for May 2024 indicates a gross profit margin of 55.08%, which is an improvement compared to the previous quarter's margin of 41.63%.
Overall, there seems to be some variability in FedEx's gross profit margin, with fluctuations possibly influenced by factors such as changes in operating efficiency, pricing strategies, or input costs. It will be important to monitor future financial statements to see if the upward trend in the gross profit margin continues or if it reverts to previous levels.