Categories Analysis, Industrials

FDX Earnings: Here’s all you need to know about FedEx’s Q1 2024 results

FedEx Corporation (NYSE: FDX) on Wednesday reported financial results for the first quarter of 2024. There was a marked increase in operating margin.

FedEx Q1 2024 earnings infographic

Net income, adjusted for special items, came in at $4.55 per share in the most recent quarter, compared to $3.44 per share in the year-ago period. Unadjusted profit was $1.08 billion or $4.23 per share in the August quarter, vs. $875 million or $3.33 per share in the corresponding period of 2023.

Total revenues were $21.7 billion in the three-month period, compared to $23.2 billion last year. Operating margin increased to 6.8% from 5.1% last year.

Prior Performance

  • FedEx-Q2-2023-Earnings-Infographic
  • FedEx Q1 2023 earnings infographic

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