M
ME NEWS
21 Mar 2025, 08:18
FedEx Reports Q3 FY2025 Results; Adjusts Full-Year Outlook Amid Freight Spin-Off Plans
MEMPHIS, Tenn. – March 20, 2025 – FedEx Corporation (NYSE: FDX) posted third-quarter FY2025 diluted EPS of $3.76 (GAAP) and $4.51 (adjusted), with $22.2 billion in revenue, up 2% year-over-year. Operating income grew to $1.29 billion, supported by the DRIVE cost-reduction initiative and increased volumes at FedEx Express. The company repurchased $500 million in shares during the quarter.
FedEx now expects FY2025 adjusted EPS between $18.00 and $18.60, down from a prior range of $19.00–$20.00, citing continued industrial sector weakness. Capital spending guidance was revised down to $4.9 billion.
FedEx also progressed on plans to spin off FedEx Freight into an independent, publicly traded company.
MEMPHIS, Tenn. – March 20, 2025 – FedEx Corporation (NYSE: FDX) posted third-quarter FY2025 diluted EPS of $3.76 (GAAP) and $4.51 (adjusted), with $22.2 billion in revenue, up 2% year-over-year. Operating income grew to $1.29 billion, supported by the DRIVE cost-reduction initiative and increased volumes at FedEx Express. The company repurchased $500 million in shares during the quarter.
FedEx now expects FY2025 adjusted EPS between $18.00 and $18.60, down from a prior range of $19.00–$20.00, citing continued industrial sector weakness. Capital spending guidance was revised down to $4.9 billion.
FedEx also progressed on plans to spin off FedEx Freight into an independent, publicly traded company.