FedEx showed strong financial performance and successful cost reduction efforts, alongside significant challenges from global trade policy impacts and pressure on B2B volumes.

Company Guidance -

Q1 2026

In the FedEx Fourth Quarter Fiscal 2025 earnings call, President and CEO Raj Subramaniam highlighted the company's strong finish to the fiscal year, with adjusted operating income growing by 8% and an adjusted operating margin expansion of 60 basis points, despite challenges such as the expiration of the US Postal Service contract and global trade policy volatility. FedEx achieved its $2.2 billion structural cost reduction commitment for FY 2025, contributing to a two-year $4 billion drive target. The company returned $4.3 billion in cash to stockholders and maintained a focus on lowering capital intensity. FedEx's Network 2.0 optimization progressed, with significant initiatives in North America and Europe, and the company projected $1 billion in transformation-related savings for FY 2026. Despite a weak demand environment, FedEx demonstrated operational leverage, with a 1% increase in revenue translating to a 9% growth in adjusted operating income. Looking forward, the company plans to host an Investor Day in early 2026 to detail its strategic initiatives and progress on the freight spin-off, anticipated in June 2026.

Solid Financial Performance

FedEx delivered a solid finish to FY 2025 with an 8% increase in adjusted operating income and a 60 basis points expansion in adjusted operating margin despite a challenging demand environment.

Successful Cost Reduction

FedEx achieved its $4 billion drive target for structural cost reduction, surpassing its $2.2 billion commitment for FY 2025.

Stockholder Returns

FedEx returned $4.3 billion in cash to stockholders in FY 2025, exceeding the $3.8 billion commitment.

Network Optimization

FedEx advanced Network 2.0 in FY 2025, optimizing larger, densely populated markets and achieving a 10% improvement in pickup and delivery productivity.

Growth in Healthcare and Automotive

FedEx exited FY 2025 with $9 billion in healthcare-related revenue and received the GM Supplier of the Year Award for the twenty-first year in a row.

FedEx (FDX) Earnings, Revenues Date & History

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FDX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 18, 2025	2026 (Q1)	3.71 / -	3.6	―	―	―
Jun 25, 2025	2025 (Q4)	5.82 / 6.07	5.41	12.20% (+0.66)
Mar 20, 2025	2025 (Q3)	4.56 / 4.51	3.86	16.84% (+0.65)
Dec 19, 2024	2025 (Q2)	4.00 / 4.05	3.99	1.50% (+0.06)
Sep 19, 2024	2025 (Q1)	4.40 / 3.60	4.55	-20.88% (-0.95)
Jun 25, 2024	2024 (Q4)	5.33 / 5.41	4.94	9.51% (+0.47)
Mar 21, 2024	2024 (Q3)	3.46 / 3.86	3.41	13.20% (+0.45)
Dec 19, 2023	2024 (Q2)	4.16 / 3.99	3.18	25.47% (+0.81)
Sep 20, 2023	2024 (Q1)	3.71 / 4.55	3.44	32.27% (+1.11)
Jun 20, 2023	2023 (Q4)	4.85 / 4.94	6.87	-28.09% (-1.93)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FDX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 25, 2025	$222.00	$221.07	-0.42%
Mar 20, 2025	$244.63	$228.85	-6.45%
Dec 19, 2024	$272.62	$272.47	-0.06%
Sep 19, 2024	$295.38	$250.39	-15.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.