---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-034726"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:30:26.136122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FedEx Q3 adjusted EPS $3.86 beats $3.41 YoY; narrows FY guidance, cuts capex to $5.4B

## Summary
- Q3 revenue $21.7B (-2% YoY); GAAP operating income $1.24B (+19%), adjusted $1.36B (+16%).
- GAAP diluted EPS $3.51; adjusted $3.86 vs. $3.41 last year, aided by $0.09 from share repurchases.
- FY2024 adjusted EPS outlook narrowed to $17.25-$18.25 (prior $17.00-$18.50); capex cut to $5.4B.
- Board authorized new $5B share repurchase program; $500M additional buyback planned in Q4.
- DRIVE program delivered $1.8B in permanent cost reductions, driving margin expansion.

## SEC filing metadata
- accession: 0000950170-24-034726
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000095017024034726/0000950170-24-034726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000095017024034726/fdx-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-034726
- JSON: https://secwatch.observer/filing/0000950170-24-034726.json
- Plain text: https://secwatch.observer/filing/0000950170-24-034726.txt

## Key facts
- Earnings Releases
  FEDEX CORP reported the third quarter ended February 29, 2024 results: revenue $21.7 billion, net income $879 million, EPS $3.51.
  - Period: the third quarter ended February 29, 2024
  - Revenue: $21.7 billion
  - Net income: $879 million
  - EPS: $3.51
  - Result: reported results
  source text: February 29 (adjusted measures exclude the items listed below): Fiscal 2024 Fiscal 2023 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $21.7 billion $21.7 billion $22.2 billion $22.2 billion Operating income $1.24 billion $1.36 billion $1.04 billion $1.17 billion Operating margin 5.7% 6.2% 4.7% 5.3% Net income $879 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048911/000095017024034726/0000950170-24-034726-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.