Market Updates

FedEx Corp. dropped 0.1% to $230.00 after the parcel delivery company reported increased revenue in the fiscal third quarter of 2025 ending in February.

Revenue increased to $22.16 billion from $21.74 billion, net income jumped to $909 million from $879 million, and diluted earnings per share rose to $3.76 from $3.51 a year ago.

The company guided for 2025 revenue to be slightly down from a year earlier and diluted earnings per share between $15.15 and $15.75, compared to $17.21 in 2024.

Capital spending is expected at $4.9 billion, compared to the prior forecast of $5.2 billion, with a priority on “investments in network optimization and efficiency improvement, including fleet and facility modernization and automation,” the company said in a release to investors.

FedEx is reaffirming its forecast of permanent cost reductions from the DRIVE transformation program of $2.2 billion; and effective tax rate of approximately 24.0% prior to the mark-to-market retirement plans accounting adjustments.

The company completed its $2.5 billion fiscal 2025 share repurchase plan with $0.5 billion in share repurchases via open market transactions during the quarter.

Approximately 1.8 million shares were repurchased, with the decrease in outstanding shares benefiting third quarter results by 12 cents per diluted share.

As of February 28, $2.6 billion remained available for repurchases under the company's 2024 stock repurchase authorization.

Cash on-hand as of February 28 was $5.1 billion.

The company is planning to spin off its freight segment, as its operating results decreased during the quarter due to lower fuel surcharges, reduced weight per shipment, and fewer shipments, partially offset by higher base yield.


24 Mar, 2025

     

Annual Returns

Company Ticker 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Earnings

Company Ticker 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008