Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 21.6B | 1% |
| Gross Profit | 11.9B | 1.8% |
| Cost of Revenue | 9.69B | 0% |
| Operating expense | 3.35B | 15.9% |
| Net Income | 794M | 46.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 86.7B | 0.3% |
| Total Liabilities | 59.5B | 0.2% |
| Total Equity | 27.2B | 1.5% |
| Shares Outstanding | 244M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.19B | 56% |
| Cash from investing | -802M | 35% |
| Cash from financing | -969M | 63.7% |
EPS
Financial Highlights for FedEx in Q3 '24
FedEx reported a revenue of 21.6B, which is a 1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 11.9B, marking a 1.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.69B, a 0% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.35B, showing a -15.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 794M, showing a -46.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
FedEx faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
