FedEx Freight recasts FY2024-2025 results on calendar-year basis after spin-off

FedEx Freight Holding Company, Inc.

Annual revenue $8,778M in 2025 vs $9,092M in 2024; net income $1,059M ($7.08 EPS) vs $1,440M ($9.63 EPS).
Q4 2025 operating loss of $14M; net income $59M ($0.39 EPS) vs Q4 2024 operating income $255M, net income $268M ($1.79 EPS).
Separation and other costs of $206M in 2025, including $176M in Q4, related to spin-off from FedEx.
Total shipments 22.36M in 2025, down 3.1% from 23.07M in 2024; composite revenue per shipment $374.55 vs $375.99.
Recast reflects change in fiscal year-end from May 31 to Dec 31 and reclassification of operating expenses; no impact on previously reported totals.

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