Solid Revenue Growth
FedEx reported a 3% year-over-year increase in revenue for Q1, driven by U.S. domestic package services.
Record Transformation-Related Savings
The company achieved $200 million in transformation-related savings and plans for $1 billion in savings in FY26.
Strong U.S. Domestic Package Performance
FedEx Express (FEC) revenue grew by 4%, with adjusted operating income up 17% and adjusted operating margin expanding by 70 basis points.
Successful Cost Management Strategies
FedEx continues to reduce structural costs and improve operational efficiency, including optimizing 70 additional U.S. stations.
Positive Developments in Europe
Year-over-year improvements in European labor and productivity metrics, and best new business quarter in Europe in the last 2 years.