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FedEx (LTS:0QZX) Tax Rate % : 25.70% (As of Feb. 2024)


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What is FedEx Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. FedEx's Tax Expense for the three months ended in Feb. 2024 was $304 Mil. FedEx's Pre-Tax Income for the three months ended in Feb. 2024 was $1,183 Mil. Therefore, FedEx's Tax Rate % for the quarter that ended in Feb. 2024 was 25.70%.

FedEx Tax Rate % Historical Data

The historical data trend for FedEx's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FedEx Tax Rate % Chart

FedEx Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.56 22.95 21.62 21.85 25.94

FedEx Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.56 27.73 24.24 25.12 25.70

FedEx Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

FedEx's Tax Rate % for the fiscal year that ended in May. 2023 is calculated as

Tax Rate %=Tax Expense (A: May. 2023 )/Pre-Tax Income (A: May. 2023 )
=1391/5363
=25.94 %

FedEx's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Feb. 2024 )/Pre-Tax Income (Q: Feb. 2024 )
=304/1183
=25.70 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FedEx Tax Rate % Related Terms

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FedEx (LTS:0QZX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (LTS:0QZX) » Definitions » Tax Rate %
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Address
942 South Shady Grove Road, Memphis, TN, USA, 38120
Website
https://www.fedex.com
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

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