Fedex Corp

Latest Results (16.03.2025):

Revenue and Operating Income

In the second quarter of fiscal 2025, FedEx Corp. reported consolidated revenue of $22.0 billion, consistent with the previous year's figure of $22.2 billion. The company's operating income for the quarter was $1.05 billion on a GAAP basis and $1.38 billion on an adjusted basis, compared to $1.28 billion and $1.42 billion, respectively, in the same quarter of fiscal 2024.

Net Income and Earnings Per Share

FedEx Corp.'s net income for the second quarter of fiscal 2025 was $0.74 billion on a GAAP basis and $0.99 billion on an adjusted basis. The diluted earnings per share (EPS) were reported at $3.03 on a GAAP basis and $4.05 on an adjusted basis, compared to $3.55 and $3.99, respectively, in the second quarter of fiscal 2024.

Share Repurchase Program

During the second quarter of fiscal 2025, FedEx Corp. completed $1 billion in share repurchases, which included open market and accelerated share repurchase transactions. This resulted in the delivery of approximately 3.7 million shares, benefiting the quarter's results by $0.07 per diluted share. The company plans to repurchase an additional $500 million of common stock during fiscal 2025.

FedEx Freight Separation

FedEx Corp. announced its decision to pursue a full separation of FedEx Freight, creating a new publicly traded company. This strategic move is expected to be executed in a tax-efficient manner for FedEx stockholders within the next 18 months, as part of the company's ongoing portfolio assessment and optimization efforts.

Revised Fiscal 2025 Outlook

FedEx Corp. revised its fiscal 2025 earnings outlook, now expecting approximately flat revenue year over year. The company forecasts diluted EPS of $16.45 to $17.45 before mark-to-market retirement plans accounting adjustments, and $19.00 to $20.00 per share after excluding business optimization costs. The effective tax rate is projected to be approximately 24.0% prior to these adjustments.