FedEx Corporation (FDX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,559,000 | 5,507,000 | 5,306,000 | 5,206,000 | 4,912,000 | 5,333,000 | 5,617,000 | 6,038,000 | 6,245,000 | 6,118,000 | 5,797,000 | 5,665,000 | 5,857,000 | 4,535,000 | 3,941,000 | 3,030,000 | 2,417,000 | 3,258,000 | 3,758,000 | 4,372,000 |
| 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 |
| Operating profit margin | 6.39% | 6.34% | 6.08% | 5.92% | 5.49% | 5.80% | 6.01% | 6.42% | 6.73% | 6.76% | 6.56% | 6.63% | 7.08% | 5.76% | 5.27% | 4.24% | 3.49% | 4.68% | 5.43% | 6.27% |
May 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,559,000K ÷ $86,948,000K
= 6.39%
The operating profit margin of FedEx Corporation has shown some fluctuations over the periods presented. The margin has ranged from a low of 3.49% in August 2020 to a high of 7.08% in May 2021, with the most recent data indicating a margin of 6.39% as of May 2024. Generally, the company has maintained a consistent level of operating profitability, hovering around the 6% mark over the past few years. This suggests that FedEx has been effectively managing its operating expenses relative to its revenue generation, although there have been some variations in performance over time. Further analysis would be necessary to understand the factors driving these changes and to assess the company's overall financial health.