---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-138448"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T00:51:15.179427+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FedEx Q2 adjusted EPS $4.05 misses prior year, cuts FY25 outlook, plans FedEx Freight spin-off

## Summary
- Q2 GAAP diluted EPS $3.03, adjusted $4.05 vs $3.99 adjusted in prior year; revenue $22.0B flat YoY.
- Revised FY25 outlook: adjusted EPS $19.00-$20.00 (down from $20.00-$21.00); flat revenue vs prior low single-digit growth.
- Completed $1B share repurchases in Q2; expects additional $500M buybacks in FY25 for total $2.5B.
- Board approves full separation of FedEx Freight into new publicly traded LTL company within 18 months.
- DRIVE permanent cost reductions reaffirmed at $2.2B; capex $5.2B.

## SEC filing metadata
- accession: 0000950170-24-138448
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1048911/000095017024138448/0000950170-24-138448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000095017024138448/fdx-20241219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-138448
- JSON: https://secwatch.observer/filing/0000950170-24-138448.json
- Plain text: https://secwatch.observer/filing/0000950170-24-138448.txt

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