Discontinued — last reported Q1 '24
Business Segments · Operating Income
Fedex Ground — Operating Income
FedEx Fedex Ground — Operating Income increased by 17.2% to $1.10B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $1.00B to $1.10B. Over 3 years (FY 2021 to FY 2024), Fedex Ground — Operating Income shows an upward trend with a 8.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2013
Last reportedQ1 2024
Rolls up toOperating Income
How to read this metric
Higher margins indicate strong operational leverage and effective cost management in the delivery network.
Detailed definition
The profit or loss generated by the Ground segment after deducting operating expenses from revenue. It serves as the pri...
Peer comparison
Key metric for benchmarking segment performance against industry peers in the parcel delivery space.
Metric ID:
fdx_segment_fedex_ground_operating_income_lossHistorical Data
13 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.11B | $671.00M | $481.00M | $641.00M | $849.00M | $694.00M | $598.00M | $844.00M | $1.00B | $1.10B | $900.00M | $942.00M | $1.10B |
| QoQ Change | — | -39.3% | -28.3% | +33.3% | +32.4% | -18.3% | -13.8% | +41.1% | +19.0% | +9.9% | -18.4% | +4.7% | +17.2% |
| YoY Change | — | — | — | — | -23.2% | +3.4% | +24.3% | +31.7% | +18.3% | +58.9% | +50.5% | +11.6% | +10.0% |
Range$481.00M – $1.11B
CAGR-0.0%
Avg YoY Growth+20.6%
Median YoY Growth+18.3%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is FedEx's fedex ground — operating income?
- FedEx (FDX) reported fedex ground — operating income of $1.10B in Q1 2024.
- How has FedEx's fedex ground — operating income changed year-over-year?
- FedEx's fedex ground — operating income increased by 10.0% year-over-year, from $1.00B to $1.10B.
- What is the long-term trend for FedEx's fedex ground — operating income?
- Over 3 years (2021 to 2024), FedEx's fedex ground — operating income has grown at a 8.2% compound annual growth rate (CAGR), from $3.19B to $4.05B.
- What does fedex ground — operating income mean?
- The profit earned from Ground segment operations.