FedEx Earnings Reports

FedEx delivered strong Q2 results, supported by cost reduction initiatives and improved package yields. The company increased its full-year revenue and earnings guidance and remains on track to spin off its FedEx Freight segment in June 2026.

FedEx reported solid Q1 2026 results with higher earnings and revenue, aided by improved domestic performance and transformation initiatives.

FedEx closed Q4 FY25 with solid financials, achieving $2.2B in DRIVE cost reductions and higher adjusted EPS, despite persistent operational challenges.

FedEx delivered third quarter fiscal 2025 revenue of $22.2 billion, with GAAP net income of $910 million and diluted EPS of $3.76. Adjusted EPS reached $4.51, supported by higher base yields, cost reduction initiatives, and increased volumes at Federal Express. Despite facing a compressed peak season and severe weather events, FedEx completed $500 million in share repurchases and maintained solid financial performance.

FedEx reported Q2 2025 revenue of $22.0 billion and diluted EPS of $3.03. The company completed $1 billion in share repurchases during the quarter and is pursuing a full separation of FedEx Freight to create a new publicly traded LTL company.

FedEx reported Q1 2025 revenue of $21.6 billion and diluted EPS of $3.21. Results were impacted by a mix shift and higher operating expenses, offset by cost reductions from the DRIVE program. The company completed a $1 billion share repurchase during the quarter and narrowed its full-year earnings outlook.

FedEx Corp. reported a slight increase in revenue and improved operating income and margin for Q4 2024, driven by cost management through its DRIVE program. The company is conducting an assessment of the role of FedEx Freight in value-creation plans. They also returned $3.8 billion to stockholders through stock repurchases and dividends during fiscal 2024.

FedEx Corp. reported improved third-quarter profitability despite lower revenue, attributed to the DRIVE program and focus on revenue quality. The company's operating income increased by 19% year-over-year, and adjusted diluted EPS reached $3.86. FedEx is also reducing its capital spending forecast and planning an additional share repurchase.

FedEx reported improved second-quarter earnings with operating income up by 9% and adjusted operating income up by 17%, despite a decrease in revenue. The company's DRIVE program and focus on service and revenue quality were key factors. FedEx expects a low-single-digit percentage decline in revenue year over year.

FedEx reported a decline in revenue and earnings for the first quarter of fiscal year 2024, impacted by weak global demand and increased operating expenses. The company is focusing on cost management and efficiency initiatives to improve financial performance.

FedEx reported Q4 2023 revenue of $21.9 billion and diluted EPS of $6.05. The company's operating margins were the strongest of the fiscal year, driven by strong expense management and execution of DRIVE initiatives. However, results were negatively impacted by continued demand weakness and cost inflation.

FedEx Corp. reported consolidated results for the third quarter ended February 28, 2023. The company's performance was affected by continued demand weakness, particularly at FedEx Express, and global inflation, which was partially offset by U.S. domestic yield improvement and cost-reduction actions. Despite these challenges, FedEx increased its earnings forecast for the fiscal year.

FedEx Corp. reported consolidated results for the second quarter ended November 30, 2022. Revenue was $22.8 billion, operating income was $1.18 billion, and net income was $788 million, with a diluted EPS of $3.07.

FedEx Corp. reported a 6% increase in revenue to $23.2 billion but a 15% decrease in operating income to $1.19 billion for the first quarter ended August 31. The results were impacted by global volume softness and service challenges at FedEx Express, though yield improvements partially offset the volume decline. The company is implementing cost actions to mitigate the effect of volume declines and expects $2.2-2.7 billion in cost savings in fiscal 2023.

FedEx Corp. reported Q4 2022 results with revenue of $24.4 billion and diluted EPS of $2.13. Operating income improved due to revenue management actions and lower variable compensation, offset by lower shipment demand and higher costs. The company is focusing on revenue quality and cost reduction for a strong fiscal 2023.

FedEx Corp. reported higher third quarter earnings with operating income of $1.33 billion, up 32% year over year, and $1.46 billion on an adjusted basis. The improved results were partially offset by the effects of the Omicron variant, as well as higher purchased transportation costs and wage rates.

FedEx Corp. reported a 9% year-over-year increase in operating income, reaching $1.6 billion for the quarter ended November 30, 2021. The company authorized a new $5 billion share repurchase program, including a $1.5 billion accelerated share repurchase program.

FedEx Corp. reported consolidated revenue of $22.0 billion for Q1 2022, compared to $19.3 billion in Q1 2021. The company's operating income was $1.40 billion, and net income was $1.11 billion, resulting in diluted EPS of $4.09.

FedEx Corp. reported a strong fourth quarter with revenue reaching $22.6 billion and diluted EPS of $6.88. The results were driven by volume growth and disciplined revenue and portfolio management, partially offset by costs to support strong demand and increased expenses.

FedEx Corp. reported strong third-quarter results with revenue of $21.5 billion and diluted EPS of $3.30. The company's operating results were significantly impacted by severe winter weather, which reduced the quarter's operating income by an estimated $350 million. Continued strong earnings growth is expected in the fourth quarter.

FedEx Corp. reported strong second-quarter results with revenue of $20.6 billion and diluted EPS of $4.55. The results reflect the strength of the global express network and e-commerce capabilities, driven by volume growth in FedEx International Priority and U.S. domestic residential package services.

FedEx Corp. reported a strong first quarter with revenue of $19.3 billion and net income of $1.25 billion, reflecting the importance of business initiatives and investments. Volume growth in FedEx International Priority and U.S. domestic residential package services, yield improvement at FedEx Ground and FedEx Freight, and one additional operating weekday contributed to the increased operating results.

FedEx Corp. reported a decrease in revenue and operating income for the fourth quarter, impacted by the COVID-19 pandemic, though residential deliveries and transpacific flights saw surges. The company incurred increased operating costs related to safety measures and experienced a loss of business from a large customer, partially offset by strong residential delivery volume growth at FedEx Ground and increased revenue per shipment at FedEx Freight.

FedEx Corp. reported consolidated results for the third quarter ended February 29, 2020. Revenue increased to $17.5 billion from $17.0 billion. Operating income was $411 million, and net income was $315 million, or $1.20 per diluted share.