---
schema_version: "secwatch.filing_event.v1"
accession: "0001048911-25-000042"
form_type: "8-K"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:12:06.592531+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FedEx Q1 GAAP EPS $3.46, adjusted $3.83; revenue $22.2B, up 2.8% YoY

## Summary
- GAAP net income $0.82B, adjusted net income $0.91B; operating margin 5.3% GAAP, 5.8% adjusted.
- Federal Express segment improved on higher yields and cost cuts; Freight segment declined on lower revenue and higher wages.
- Completed $500M share repurchases (2.2M shares); $1.6B remaining under authorization.
- Spin-off of FedEx Freight on track for June 2026; confidential Form 10 filed, IRS ruling requested.
- FY2026 outlook: adj. EPS $17.20-$19.00; revenue growth 4-6%; capex $4.5B; permanent cost cuts $1B.

## SEC filing metadata
- accession: 0001048911-25-000042
- form_type: 8-K
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000104891125000042/0001048911-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000104891125000042/fdx-20250918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001048911-25-000042
- JSON: https://secwatch.observer/filing/0001048911-25-000042.json
- Plain text: https://secwatch.observer/filing/0001048911-25-000042.txt

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