---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-042661"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T09:40:43.254967+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FedEx Q3 adj EPS $4.51 vs $3.86 YoY; cuts FY25 adj EPS guidance to $18.00-$18.60 from $19.00-$20.00

## Summary
- GAAP diluted EPS $3.76, adjusted diluted EPS $4.51; revenue $22.2B (+2.3% YoY).
- FY25 adjusted EPS outlook lowered to $18.00-$18.60 (prior $19.00-$20.00); revenue now expected flat to slightly down.
- Completed $500M in share repurchases during Q3; $2.6B remains under the 2024 stock repurchase authorization.
- FedEx Freight spin-off preparation progressing; DRIVE permanent cost reductions of $2.2B reaffirmed.
- Q3 operating income improved on DRIVE savings and higher yields, but U.S. industrial economy weakness cited as headwind.

## SEC filing metadata
- accession: 0000950170-25-042661
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2025-03-20T23:59:59+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/1048911/000095017025042661/0000950170-25-042661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000095017025042661/fdx-20250320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042661
- JSON: https://secwatch.observer/filing/0000950170-25-042661.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042661.txt

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