FedEx Corporation (FDX)
Net profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,331,000 | 3,972,000 | 3,826,000 | 5,231,000 | 1,286,000 |
| Revenue | US$ in thousands | 86,948,000 | 89,461,000 | 92,823,000 | 82,773,000 | 68,545,000 |
| Net profit margin | 4.98% | 4.44% | 4.12% | 6.32% | 1.88% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,331,000K ÷ $86,948,000K
= 4.98%
Over the past five years, FedEx Corporation's net profit margin has shown some fluctuations. In the most recent fiscal year ending on May 31, 2024, the net profit margin improved to 4.98%, indicating that the company was able to generate higher profits relative to its revenue compared to the previous fiscal year. However, this current margin is still lower than the peak margin of 6.32% achieved in the fiscal year ending on May 31, 2021, where FedEx was more efficient in converting revenue into profit.
The net profit margin for FedEx in the fiscal year ending on May 31, 2020, was recorded at 1.88%, signifying a significant increase in profitability from that year to the most recent year. Overall, FedEx's net profit margin has experienced variability over the past five years, indicating fluctuations in the company's ability to manage costs and generate profits efficiently. Monitoring this ratio can provide insights into the company's financial performance and efficiency in converting sales into profit.