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

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)	3.68 / -	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	$220.59	$219.66	-0.42%
Mar 20, 2025	$243.07	$227.40	-6.45%
Dec 19, 2024	$270.88	$270.74	-0.05%
Sep 19, 2024	$293.50	$248.80	-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.