FedEx Corporation (FDX)
Pretax margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,836,000 | 5,363,000 | 4,896,000 | 6,674,000 | 1,669,000 |
| Revenue | US$ in thousands | 86,948,000 | 89,461,000 | 92,823,000 | 82,773,000 | 68,545,000 |
| Pretax margin | 6.71% | 5.99% | 5.27% | 8.06% | 2.43% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,836,000K ÷ $86,948,000K
= 6.71%
The pretax margin of FedEx Corporation has shown fluctuations over the past five years. In 2024, the pretax margin improved to 6.71% from 5.99% in 2023. This indicates that FedEx was able to generate more profit before taxes relative to its total revenue. However, the pretax margins in both 2022 and 2020 were lower at 5.27% and 2.43% respectively. Interestingly, the pretax margin was highest in 2021 at 8.06%, signaling a significant increase in profitability during that year. Overall, the pretax margin trend for FedEx Corporation seems to have varied, with fluctuations observed across the years under consideration.