---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-108098"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:26:18.273595+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FedEx Q1 adjusted EPS $3.60 vs $4.55 YoY; FY2025 EPS guidance cut to $17.90-$18.90

## Summary
- GAAP diluted EPS $3.21, adjusted $3.60; revenue $21.6B (from $21.7B YoY).
- Operating income $1.08B GAAP ($1.21B adjusted) vs $1.49B prior year; margin 5.0% GAAP.
- Completed $1B accelerated share repurchase; plans $1.5B additional in FY2025.
- FY2025 EPS guidance (ex-MTM): $17.90-$18.90 (prev $18.25-$20.25); adjusted EPS $20.00-$21.00.
- DRIVE cost reductions reaffirmed at $2.2B; capex $5.2B; ETR ~24.5%.

## SEC filing metadata
- accession: 0000950170-24-108098
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1048911/000095017024108098/0000950170-24-108098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000095017024108098/fdx-20240919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-108098
- JSON: https://secwatch.observer/filing/0000950170-24-108098.json
- Plain text: https://secwatch.observer/filing/0000950170-24-108098.txt

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