On June 25, 2024, FedEx Corporation reported its financial results for the fiscal quarter and year ended May 31, 2024. The report, filed with the SEC, highlighted a full-year diluted EPS of $17.21 and an adjusted diluted EPS of $17.80. FedEx introduced its fiscal 2025 outlook, including $2.2 billion in cost savings from its DRIVE program and plans to assess the role of FedEx Freight in its value-creation strategies. The company returned $3.8 billion to shareholders through stock repurchases and dividends during fiscal 2024. Revenue for the quarter was $22.1 billion, a slight increase from the previous year's $21.9 billion. Operating income rose to $1.56 billion from $1.50 billion, and net income was $1.47 billion, down from $1.54 billion the previous year. For the full fiscal year, revenue was $87.7 billion, down from $90.2 billion...Show More

On June 25, 2024, FedEx Corporation reported its financial results for the fiscal quarter and year ended May 31, 2024. The report, filed with the SEC, highlighted a full-year diluted EPS of $17.21 and an adjusted diluted EPS of $17.80. FedEx introduced its fiscal 2025 outlook, including $2.2 billion in cost savings from its DRIVE program and plans to assess the role of FedEx Freight in its value-creation strategies. The company returned $3.8 billion to shareholders through stock repurchases and dividends during fiscal 2024. Revenue for the quarter was $22.1 billion, a slight increase from the previous year's $21.9 billion. Operating income rose to $1.56 billion from $1.50 billion, and net income was $1.47 billion, down from $1.54 billion the previous year. For the full fiscal year, revenue was $87.7 billion, down from $90.2 billion, with operating income at $5.56 billion, up from $4.91 billion. FedEx also announced plans to repurchase $2.5 billion of common stock and increase the annual dividend rate by 10%. The company's capital spending for fiscal 2024 was $5.2 billion, a decrease from the previous year's $6.2 billion. FedEx's outlook for fiscal 2025 includes low-to-mid single-digit percent revenue growth and earnings per diluted share of $18.25 to $20.25 before adjustments.