FedEx Corporation
- FedEx Corp. gained 5.5% to $238.91 after the parcel delivery company reported results for the fiscal first quarter ending on August 31.
Consolidated revenue increased to $22.2 billion from $21.6 billion, net income advanced to $820 million from $790 million, and diluted earnings per share rose to $3.46 from $3.21 a year ago.
FedEx completed $500 million in share repurchases through open market transactions during the quarter and repurchased 2.2 million shares, contributing a $0.02 benefit per diluted share to first-quarter results.
FedEx guided fiscal year revenue to increase between 4% and 6%, diluted earnings per share between $14.20 and $16.00 before the retirement plan adjustments, and $17.20 to $19.00 after excluding business optimization, the FedEx Freight spin-off, and fiscal year-end changes.
The effective tax rate (ETR) is projected at 25%, and pension contributions are revised to up to $400 million, down from the previous forecast of $600 million.
FedEx reaffirmed $1 billion in permanent cost reductions from transformation and $4.5 billion in capital spending focused on network optimization, fleet, and automation in fiscal 2026.
Sep 19, 2025
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