Fedex (FDX) Deferred Taxes (2009 - 2023)
Fedex (FDX) recorded Deferred Taxes of $699 million in fiscal Q2 2024 (quarter ended Nov 30, 2023), down 14.2% from $815 million a year earlier and down 4.0% from the prior quarter.
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Analysis
Fedex (FDX) Deferred Taxes (2009 - 2023) Analysis & Trends
On a TTM basis, Fedex's Deferred Taxes came in at $3.31 billion as of Nov 30, 2023, up 17.9% year-over-year; for FY2023 (ended May 31, 2023), it came in at $3.47 billion, up 18.5% from FY2022.
- Annual Deferred Taxes has increased for three straight fiscal years.
- Across earlier fiscal years, Deferred Taxes came in at $2.93 billion in FY2022 (+1.5%), $2.89 billion in FY2021 (+17.9%), $2.45 billion in FY2020 and -$233 million in FY2019.
- The fiscal Q2 2024 figure is the lowest quarterly Deferred Taxes since fiscal Q4 2022.
- On a year-over-year basis, Deferred Taxes rose in three of the last eight quarters, with growth averaging 13.7%.
- Peak year-over-year performance for Deferred Taxes in the last five years was growth of 141.8% in fiscal Q4 2023, against a decline of 50.1% in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $728 million (Q1 2024), $1.05 billion (Q4 2023) and $836 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 39.00 Mn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 33.00 Mn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 39.04 Mn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 99.00 Mn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 60.00 Mn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | - |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | - |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 64.16 Mn |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn | 39.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Nov 30, 2023 | 699.00 Mn |
| Aug 31, 2023 | 728.00 Mn |
| May 31, 2023 | 1.05 Bn |
| Feb 28, 2023 | 836.00 Mn |
| Nov 30, 2022 | 815.00 Mn |
| Aug 31, 2022 | 774.00 Mn |
| May 31, 2022 | 433.00 Mn |
| Feb 28, 2022 | 785.00 Mn |
| Nov 30, 2021 | 829.00 Mn |
| Aug 31, 2021 | 884.00 Mn |
| May 31, 2021 | 867.00 Mn |
| Feb 28, 2021 | 538.00 Mn |
| Nov 30, 2020 | 951.00 Mn |
| Aug 31, 2020 | 531.00 Mn |
| May 31, 2020 | 691.00 Mn |
| Feb 29, 2020 | 594.00 Mn |
| Nov 30, 2019 | 470.00 Mn |
| Aug 31, 2019 | 694.00 Mn |
| May 31, 2019 | -483.00 Mn |
| Feb 28, 2019 | 14.00 Mn |
API Access
Fedex Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "FDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();