In the last quarter of fiscal year 2023, corresponding to the last period March-May, it was accentuated the reduction in the value of the revenues of the logistics group and of FedEx express deliveries, a negative trend that began in second quarter of the financial year after the phase had faded of strong growth in turnover coinciding with the spread globally of the COVID-19 pandemic and its consequences measures taken by governments to limit mobility and contain the health crisis.

In the fourth quarter of fiscal year 2023, revenues from Group amounted to $21.93 billion, down by -10.1% compared to the same period of the fiscal year previous when, with 24.39 billion, FedEx had recorded the historical record of quarterly turnover. In the quarter March-May of this year revenues from activities of express deliveries worldwide stood at 10.41 billion dollars (- 12.8%), those generated by deliveries expressed in the USA and Canada at 8.30 billion (-2.3%) and revenues products from groupage shipments to 2.27 billion (-17.7%). The profit operating has been of 1,50 billion dollars (- 21.9%) and net profit of €1.54 billion (+175.6%).

FedEx announced last quarter results of the 2023 financial year were negatively affected by the continued weakness in demand and rising costs, partially offset by measures to reduce expenditure, and improving results in the delivery segment national in the USA. The American company has announced that the Quarterly results also include non-impairment charges monetary payments of $70 million determined by the decision of permanently withdraw 18 aircraft and 34 engines from service Related to Comply with the Modernization Program of the FedEx Express' air fleet, enhance its global network and better align air network capacity with demand current and the expected one.

In the entire fiscal year 2023 the group's revenues amounted to $90.15 billion, down by -3.6% on the previous year, the operating profit has been of 4,91 billion (- 21.3%) and profit clearly of 3,97 billion dollars (+3,8%).