---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-102826"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:33:44.712106+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FedEx completes consolidation of Ground and Services into Federal Express, recasts FY2024 results

## Summary
- Effective June 1, 2024, FedEx merged FedEx Ground and FedEx Services into Federal Express under the 'one FedEx' plan.
- FedEx Freight remains a separate subsidiary; FedEx Custom Critical will move to Freight segment from fiscal 2025.
- Recast financials show FY2024 total revenue $87.7B, operating income $5.56B, and net income $4.33B.
- FY2024 diluted EPS rose to $17.41 from $15.60 in FY2023.
- Business optimization costs totaled $582M in FY2024, including $218M in Q4, due to consolidation.

## SEC filing metadata
- accession: 0000950170-24-102826
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000095017024102826/0000950170-24-102826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000095017024102826/fdx-20240903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-102826
- JSON: https://secwatch.observer/filing/0000950170-24-102826.json
- Plain text: https://secwatch.observer/filing/0000950170-24-102826.txt

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