Net Income Trends For FedEx
Posted: Sat Dec 28, 2024 4:24 am
Revenue Analysis FedEx reported annual revenue of $87.693 billion for 2024, marking a 2.73% decline from $90.155 billion in 2023. This drop follows a significant decrease from $93.512 billion in 2022. Conversely, UPS experienced a revenue of $89.502 billion for the twelve months ending June 30, 2024, which also represents a 6.94% decline from $90.958 billion in 2023. Both companies have witnessed revenue declines over the past two years, indicating common challenges in the overall market.
net income rose to $4.331 billion in 2024—a 9.04% increase from albania whatsapp fan $3.972 billion in 2023—showing a recovery after previous declines. Meanwhile, UPS saw a significant drop in net income, falling to $5.254 billion, down 47.53% year-over-year from $6.708 billion in 2023. This marked deterioration emphasizes the financial pressures UPS has faced relative to FedEx. Operating Income Insights FedEx’s operating income increased to $5.
559 billion in 2024, up 13.17% from $4.912 billion the prior year. In contrast, UPS’s operating income suffered a considerable decline of 36.56% to $7.377 billion, down from $9.141 billion. This stark difference reflects FedEx’s ability to manage costs more effectively during a tumultuous period. Profitability Ratios FedEx’s gross profit margin stood at 70.77%, indicating strong profitability at the revenue gross level.
net income rose to $4.331 billion in 2024—a 9.04% increase from albania whatsapp fan $3.972 billion in 2023—showing a recovery after previous declines. Meanwhile, UPS saw a significant drop in net income, falling to $5.254 billion, down 47.53% year-over-year from $6.708 billion in 2023. This marked deterioration emphasizes the financial pressures UPS has faced relative to FedEx. Operating Income Insights FedEx’s operating income increased to $5.
559 billion in 2024, up 13.17% from $4.912 billion the prior year. In contrast, UPS’s operating income suffered a considerable decline of 36.56% to $7.377 billion, down from $9.141 billion. This stark difference reflects FedEx’s ability to manage costs more effectively during a tumultuous period. Profitability Ratios FedEx’s gross profit margin stood at 70.77%, indicating strong profitability at the revenue gross level.