Both companies have experienced declining revenues over
Posted: Tue Jan 21, 2025 4:51 am
Net Income $4.331 billion $5.254 billion Market capitalization $65.37 billion $115.00 billion Operating income $5.559 billion $7.377 billion Gross profit margin 70.77% 76.61% In the most recent fiscal year, both FedEx and UPS faced challenges, reflecting a broader trend in the logistics and delivery industry due to fluctuating demand and economic conditions. Income Analysis FedEx reported annual revenues of $87.
693 billion for 2024 , representing a 2.73% decline from $90.155 billion in 2023. This decline follows romania phone number data a significant decline from $93.512 billion in 2022. Conversely, UPS posted revenues of $89.502 billion for the twelve months ended June 30, 2024 , also representing a 6.94% decline from $90.958 billion in 2023. the past two years, highlighting common challenges in the overall market.
Net income trends For FedEx, net income rose to $4.331 billion in 2024, up 9.04% from $3.972 billion in 2023, marking a recovery from 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 highlights the financial pressure UPS has been under relative to FedEx.
693 billion for 2024 , representing a 2.73% decline from $90.155 billion in 2023. This decline follows romania phone number data a significant decline from $93.512 billion in 2022. Conversely, UPS posted revenues of $89.502 billion for the twelve months ended June 30, 2024 , also representing a 6.94% decline from $90.958 billion in 2023. the past two years, highlighting common challenges in the overall market.
Net income trends For FedEx, net income rose to $4.331 billion in 2024, up 9.04% from $3.972 billion in 2023, marking a recovery from 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 highlights the financial pressure UPS has been under relative to FedEx.