Billionaires Piled Into FedEx Last Quarter (2024)

FAQs

What is the salary of the CEO of FedEx? ›

FedEx's CEO is Raj Subramaniam, appointed in Mar 2019, has a tenure of 5.25 years. total yearly compensation is $13.25M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options.

FedEx expects the layoffs to take place over the next 18 months. It is also looking at expenses of $250 million to $375 million related to these headcount reductions. This is part of its larger plan to cut $4 billion in operating costs by the end of 2025.

FedEx revenue for the twelve months ending February 29, 2024 was $87.514B, a 5.51% decline year-over-year. FedEx annual revenue for 2023 was $90.155B, a 3.59% decline from 2022. FedEx annual revenue for 2022 was $93.512B, a 11.38% increase from 2021.

The company now expects earnings per share for fiscal 2024 to be in the range of $17.25 to $18.25, compared with its prior forecast of $17 to $18.50 per share. FedEx reported revenue of $21.7 billion for the quarter ended Feb. 29, down from $22.2 billion last year.

FedEx (FDX) Ownership Overview

Approximately 73.98% of the company's stock is owned by Institutional Investors, 8.87% is owned by Insiders and 17.15% is owned by Public Companies and Individual Investors. The ownership structure of FedEx (FDX) stock is a mix of institutional, retail and individual investors.

UPS. United Parcel Service (UPS) is a global package delivery company that is the largest FedEx competitor.

FedEx reported quarterly revenue of $21.7 billion, down from $22.2 billion last year. The company's Express overnight delivery unit had been struggling with falling volumes as the USPS shifts packages from higher-margin air services to more economical ground services.

How Much Debt Does FedEx Carry? The chart below, which you can click on for greater detail, shows that FedEx had US$19.8b in debt in August 2023; about the same as the year before. However, because it has a cash reserve of US$7.06b, its net debt is less, at about US$12.7b.

However, over these last few years, Amazon has emerged as the frontrunner, surpassing both UPS and FedEx in parcel volume for 2022.

Why is FedEx falling? ›

FedEx blamed the 2% revenue decrease primarily on lower fuel surcharges at all its transportation segments along with decreased volumes in its FedEx Express and FedEx Freight segments. Revenue from FedEx's package delivery business increased less than 1% to $8.26 billion.

High turnover rates are common among part-time workers in FedEx's industry, with FedEx's FY 2022 annual report noting that “many part-time workers pursue temporary employment opportunities that allow them to exit and re-enter the workforce more frequently based on their needs.”

The highest-paid CEO in the study is Jon Winkelried of TPG, Inc., whose total disclosed pay package was $198.7 million in 2023. The five highest-paid CEOs were each awarded a nine-figure pay package in 2023. Large jump in stock award values propels a big pay bump.

Her compensation included a $1.5 million salary, $18.9 million in stock awards and nearly $3 million in other compensation and stock option awards. The total was up from the nearly $19 million in total compensation Tomé made in 2022, but still less than the $27.6 million she made in 2021.

Raj Subramaniam's net worth and salary

This information is according to proxy statements filed for the 2022 fiscal year. According to reports, Raj Subramaniam's net worth is around USD 13.5 million. As of September 2022, it was estimated that Subramaniam is the owner of over 1,373 units of FedEx Corp stock.

Amazon CEO Andy Jassy's compensation for 2023 totaled $29.2 million, including his base pay, the value of shares that vested during the year, and security costs, according to a new filing by the company. That was down 12% from $33.2 million in compensation in 2022.