FedEx (FDX) FY2022 results: revenue $93.5 billion, up 11.4% on the year
FedEx Corp. (FDX) reported revenue of $93.5 billion for fiscal 2022, the year ended 31 May 2022, up 11.4% on the year before. Net income was $3.8 billion, down 26.9%, and diluted earnings per share $14.33. The figures are the company's own, from the 10-K it filed with the SEC on 18 July 2022.
Revenue
$93.5 billion
+11.4% on the year
FY2015FY2022
Operating margin
6.7%
7.0% a year earlier
FY2015FY2022
Net income
$3.8 billion
-26.9% on the year
FY2015FY2022
Diluted EPS
$14.33
-26.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
9,832
10,135
5,097
-3.0%
Capital expenditure
6,763
5,884
5,868
+14.9%
Free cash flow
3,069
4,251
-771
-27.8%
Free cash flow margin
3.3%
5.1%
-1.1%
Cash from investing
-6,816
-6,010
-5,846
Cash from financing
-3,019
-2,090
3,381
Depreciation and amortisation
3,970
3,793
3,615
+4.7%
Share-based compensation
190
200
168
-5.0%
Buybacks
2,248
n/a
3.0
Dividends paid
793
686
679
+15.6%
Dividend per share
$3.00
$2.60
$2.60
+15.4%
Diluted shares, weighted
266m
268m
262m
-0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,939
24,168
18,295
+3.2%
Debt
19,796
20,879
21,518
-5.2%
Operating lease liabilities
14,487
13,375
12,195
+8.3%
Finance lease liabilities
436
429
434
+1.6%
Other liabilities
26,336
23,926
21,095
+10.1%
Total liabilities and equity
85,994
82,777
73,537
+3.9%
Fixed assets
38,091
35,752
33,608
+6.5%
Goodwill
6,544
6,992
6,372
-6.4%
Intangible assets
301
322
322
-6.5%
Cash and equivalents
6,897
7,087
4,881
-2.7%
Receivables
11,863
12,069
10,102
-1.7%
Other assets
22,298
20,555
18,252
+8.5%
Total assets
85,994
82,777
73,537
+3.9%
10-K for the year ended 31 May 2022, filed 18 July 2022: the filing.