Highest-materiality recent filing
FedEx will accept full amount of notes with Acceptance Priority Levels 1-12 and a portion of 5.100% Notes due 2044 (proration factor ~41.3%).
Q4 revenue $25.0B vs $22.2B YoY; GAAP diluted EPS $6.60, adjusted $6.31.
FedEx completes spin-off of FedEx Freight; 80.1% distributed to FDX stockholders
Each FDX stockholder received 1 FDXF share per 2 FDX shares held as of May 15, 2026; fractional shares paid in cash.
FedEx Board approves spin-off of FedEx Freight; distribution ratio 1:2; trading starts June 1
Sec declared effective Form 10 for FedEx Freight on May 11, 2026.
CFO John W. Dietrich to depart June 1; separation includes $2.2M cash payment
Dietrich steps down as EVP & CFO effective June 1, 2026; employment ends July 31, 2026.
FedEx CFO John W. Dietrich to step down June 1; Claude F. Russ named interim CFO
John W. Dietrich will step down as EVP & CFO on June 1, 2026, and leave the company on July 31, 2026.
FedEx Q3 adjusted EPS $5.25 beats, raises full-year outlook, Freight spin-off on track for June 1
Revenue $24.0B vs $22.2B YoY; GAAP diluted EPS $4.41, adjusted $5.25 (up from $4.51).
Measure actual performance through end of FY26 (May 31, 2026) using original goals; target for remainder of plan periods.
Consortium includes FedEx (37%), Advent (37%), A&R Investments (16%), PPF (10%); InPost remains standalone.
FedEx Freight issues $3.7B senior notes in four tranches; parent guarantees until spin-off
$1B 4.300% notes due 2029, $1B 4.650% due 2031, $700M 4.950% due 2033, $1B 5.250% due 2036 issued Feb 5, 2026.
FedEx France restructuring: up to 500 job cuts, $175M-$275M costs; names new COO for US/Canada
FedEx France proposes reducing stations from 103 to 86; up to 500 operational positions cut, 800 affected.
FedEx Freight entered a $1.2B revolving credit facility (incl. $50M LC sub-facility) and a $600M term loan on Jan 15, 2026.
FedEx Q2 EPS $4.82 adjusted vs $4.05 YoY; raises FY revenue and EPS outlook
Revenue $23.5B (+6.8% YoY); GAAP EPS $4.04, adjusted EPS $4.82 (up 19% YoY).
FedEx amends $3.5B credit facilities in preparation for Freight spin-off by June 2026
Amended $1.75B three-year and $1.75B five-year credit agreements to facilitate planned FedEx Freight spin-off.
FY26 AIC Plan metrics: adjusted op income (50%), structural cost cuts (25%), on-time service (25%); CEO target 200% of base salary.
FedEx Q1 GAAP EPS $3.46, adjusted $3.83; revenue $22.2B, up 2.8% YoY
GAAP net income $0.82B, adjusted net income $0.91B; operating margin 5.3% GAAP, 5.8% adjusted.
FedEx EVP Chief Digital Officer Krishnasamy departs; separation deal includes $3.27M cash
Krishnasamy stepped down as EVP Chief Digital and Information Officer effective July 17, 2025; will serve as Executive Advisor until Oct 31, 2025.
FedEx Q4 adj EPS $6.07, FY25 DRIVE target met; founder Frederick Smith dies; FY26 guidance issued
Q4 adj diluted EPS $6.07, GAAP $6.88; revenue $22.2B; adj op income $2.02B, margin 9.1%.
FedEx founder Frederick W. Smith passes away; R. Brad Martin elected Chairman
Frederick W. Smith, FedEx founder and Executive Chairman, passed away on June 21, 2025.
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
GAAP diluted EPS $3.76, adjusted diluted EPS $4.51; revenue $22.2B (+2.3% YoY).
FedEx accepted $10.72B of USD notes and €940M of Euro notes in exchange for new notes with identical interest rates and maturities.
FedEx extends senior notes exchange offer to Feb 21; amends terms for four series
Expiration date extended from Feb 6 to Feb 21, 2025 for all series of existing notes.
FedEx announces early results of debt exchange offers linked to FedEx Freight spin-off
Requisite consents received for 15 series of Majority Existing Notes (~$10.95B total); 6 Non-Majority series still below threshold.
FedEx launches exchange offers for $16B+ senior notes to facilitate Freight separation
Exchange offers cover 22 series of outstanding notes: $14.4B USD and €1.75B Euro total principal.
FedEx Q2 adjusted EPS $4.05 misses prior year, cuts FY25 outlook, plans FedEx Freight spin-off
Q2 GAAP diluted EPS $3.03, adjusted $4.05 vs $3.99 adjusted in prior year; revenue $22.0B flat YoY.
FedEx Q1 adjusted EPS $3.60 vs $4.55 YoY; FY2025 EPS guidance cut to $17.90-$18.90
GAAP diluted EPS $3.21, adjusted $3.60; revenue $21.6B (from $21.7B YoY).
FedEx completes consolidation of Ground and Services into Federal Express, recasts FY2024 results
Effective June 1, 2024, FedEx merged FedEx Ground and FedEx Services into Federal Express under the 'one FedEx' plan.
FedEx full-year adjusted EPS $17.80, forecasts FY2025 adjusted EPS $20-$22, to review Freight role
FY2024 revenue $87.7B (down from $90.2B), GAAP diluted EPS $17.21, adjusted $17.80, up from $14.96 adjusted prior year.
FedEx announces European workforce reduction of 1,700-2,000; pre-tax cost $250M-$375M
Workforce reduction of 1,700-2,000 positions in Europe across back-office and commercial functions.
FedEx Express USPS contract to expire Sept 29, 2024 after no deal reached
FedEx Express USPS domestic air transportation contract expires Sept 29, 2024; negotiations concluded March 29, 2024.
FedEx Q3 adjusted EPS $3.86 beats $3.41 YoY; narrows FY guidance, cuts capex to $5.4B
Q3 revenue $21.7B (-2% YoY); GAAP operating income $1.24B (+19%), adjusted $1.36B (+16%).
FedEx Q2 EPS $3.55 GAAP ($3.99 adj); rev $22.2B; FY rev outlook trimmed to down low-single-digit
Q2 GAAP diluted EPS $3.55 vs $3.07 YoY; adjusted EPS $3.99 vs $3.18 YoY.
FedEx Q1 adjusted EPS $4.55 beats prior year; raises FY2024 adjusted outlook to $17.00-$18.50
Q1 GAAP EPS $4.23, adjusted $4.55 vs $3.44 adjusted a year ago; revenue $21.7B, down 6% YoY.
the Board of Directors (the “Board”) of FedEx Corporation (“FedEx” or the “Company”) elected Mark A. Edmunds as a director, effective immediately.
the Board, upon the recommendation of the Board’s Governance, Safety, and Public Policy Committee, accepted Silvia Davila’s resignation as a member of the Board, effective as of such date.
John A. Smith resigned from his position as Chief Operating Officer, United States and Canada of FedEx, effective as of immediately prior to the Effective Time to become the President and Chief Executive Officer of FedEx Freight.
Stephen E. Gorman resigned from his position as a member of the Company’s Board of Directors (the “Board”), as well as his position as a member of the committees thereof, in each case, effective as of immediately prior to the Effective Time to join the Board of Directors of FedEx Freight.
The Board of Directors of FedEx has appointed Claude F. Russ, who currently serves as the Company’s Enterprise Vice President, Finance and was recently named to serve as the Company’s Interim Chief Financial Officer effective June 1, 2026, to serve as the Company’s Interim Chief Accounting Officer, effective June 1, 2026, until the appointment of Mr. Erwin’s permanent successor.
On May 14, 2026, Guy M. Erwin II, Corporate Vice President and Chief Accounting Officer of FedEx Corporation (“FedEx” or the “Company”), informed the Company that he is resigning, effective May 31, 2026, to join FedEx Freight Holding Company, Inc. as Senior Vice President – Chief Accounting Officer.
John W. Dietrich will step down as Executive Vice President and Chief Financial Officer of FedEx Corporation ("FedEx" or "the Company") , effective June 1, 2026, and his last day as an employee of the Company will be July 31, 2026
On May 9, 2025, following his appointment as United States Postmaster General, David P. Steiner notified FedEx Corporation (“FedEx” or “the Company”) that he was resigning, effective May 9, 2025, from the FedEx Board of Directors.
On April 26, 2024, the Board of Directors of FedEx appointed Mr. Erwin to serve as the Company’s Corporate Vice President – Chief Accounting Officer, effective May 1, 2024.
Robert B. Carter will step down as Executive Vice President, FedEx Information Services and Chief Information Officer, effective June 30, 2024, and will retire from FedEx effective December 31, 2024.
Sriram Krishnasamy will become Executive Vice President - Chief Digital and Information Officer-Elect and Chief Transformation Officer effective March 11, 2024
On December 22, 2023, the Board of Directors (the “Board”) of FedEx Corporation (“FedEx” or the “Company”) elected Silvia Davila as a director, effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event other_material