NYSE-listed FedEx reported a 11 percent increase in consolidated revenue at $93.5 billion for the fiscal ended May 31, 20222, and an operating income increase of 6 percent to $6.25 billion.
“Our fiscal 2022 financial performance was a result of our team’s ability to adapt to a number of unexpected challenges and is a testament to the FedEx value proposition and the execution of our long-term strategy,” says Raj Subramaniam, president and chief executive officer, FedEx. “Our foundational investments have set the stage for a strong fiscal 2023. As we move forward, our focus will be on revenue quality and lowering our cost to serve. I am honoured to lead our dedicated global team, who enable FedEx to lead the industry from a position of strength.”
For the fourth quarter, FedEx reported an 8 percent increase in revenue to $24.4 billion and operating income increase of 7 percent to $1.92 billion.
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