FedEx Corporation (FDX)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 27,582,000 | 26,088,000 | 24,939,000 | 24,168,000 | 18,295,000 |
| ROE | 15.70% | 15.23% | 15.34% | 21.64% | 7.03% |
May 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $4,331,000K ÷ $27,582,000K
= 15.70%
FedEx Corporation's return on equity (ROE) has shown a fluctuating trend over the past five years. In the most recent fiscal year ending May 31, 2024, the ROE stood at 15.70%, representing a slight increase from the previous year's 15.23%. Despite this increase, the ROE has not returned to the higher levels seen in May 2021 when it reached 21.64%.
The ROE for FedEx Corporation in May 2022 and May 2023 remained relatively stable at 15.34% and 15.23%, respectively. However, there was a substantial increase in the ROE in May 2021 compared to the previous years, indicating a significant improvement in the company's profitability and efficiency in generating returns for shareholders.
The 2020 ROE of 7.03% was the lowest among the years analyzed, reflecting a period of lower profitability and efficiency for the company. Overall, FedEx Corporation's ROE has demonstrated variations over the years, with the most recent data pointing to a moderate improvement in profitability but still below the level achieved in May 2021.