FedEx Corporation (FedEx) reported a decline in financial performance for the first quarter of 2025, with consolidated revenue slightly decreasing to $21,579 million from $21,681 million in the same period last year. The company's operating income fell by 27% to $1,080 million, and net income dropped by 26% to $794 million. Diluted earnings per share also decreased by 24% to $3.21. The Federal Express segment saw a 27% decrease in operating income, while the FedEx Freight segment experienced a 9% decline. The company attributed the weaker performance to a shift toward deferred services, higher operating expenses, and one fewer operating day, despite lower structural costs from efficiency initiatives. FedEx's business development was marked by the consolidation of FedEx Ground and FedEx Services into Federal Express, operating under a unified...Show More

FedEx Corporation (FedEx) reported a decline in financial performance for the first quarter of 2025, with consolidated revenue slightly decreasing to $21,579 million from $21,681 million in the same period last year. The company's operating income fell by 27% to $1,080 million, and net income dropped by 26% to $794 million. Diluted earnings per share also decreased by 24% to $3.21. The Federal Express segment saw a 27% decrease in operating income, while the FedEx Freight segment experienced a 9% decline. The company attributed the weaker performance to a shift toward deferred services, higher operating expenses, and one fewer operating day, despite lower structural costs from efficiency initiatives. FedEx's business development was marked by the consolidation of FedEx Ground and FedEx Services into Federal Express, operating under a unified air-ground express network. FedEx Freight continues as a separate subsidiary. Looking ahead, FedEx plans to modestly increase revenue through deferred service offerings, despite a challenging macroeconomic environment. The company will focus on reducing costs and increasing network flexibility through its DRIVE program and revenue quality initiatives. Capital expenditures for 2025 are expected to be approximately $5.2 billion, in line with 2024.