(AOF) – Specialist in international freight transport, FedEx generated revenues of $87.7 billion for the 2023/2024 financial year compared to $90.2 billion for the 2022/2023 financial year. Over this period, its operating profit stood at $5.56 billion compared to $4.91 billion a year ago. Net income increased year-on-year, from $3.97 billion to $4.33 billion. Earnings per share increased from $15.48 to $17.21.
It reached $5.41 per share on an adjusted basis in the fourth quarter, beating the consensus of $5.37.
Capital expenditure for the 2023/2024 financial year amounts to $5.2 billion, a decrease of 16% from $6.2 billion in the previous financial year.
For 2025, FedEx expects revenue growth between 1 and 6% and adjusted earnings per share between $20 and $22.
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