You are correct that I was wrong. (I searched "fedex profit 2021" and incorrectly reported based on a quarter's profit, which is sloppy as hell on my part.)
That said, it seems like $75B is wildly too high as well. Page 43 of their most recent annual report shows a consolidated net income for the year ending May 31, 2021 as $5.2B, making $400M still a 7.5% boost (if it all passes through).
That said, it seems like $75B is wildly too high as well. Page 43 of their most recent annual report shows a consolidated net income for the year ending May 31, 2021 as $5.2B, making $400M still a 7.5% boost (if it all passes through).
https://investors.fedex.com/financial-information/annual-rep...
https://s21.q4cdn.com/665674268/files/doc_financials/annual/...