FedEx (FDX) Q3 FY25 earnings call

Earnings call· Feb 2025 (Q3 FY25)· Industrials· Mar 20, 2025

Source: earnings call transcript

FedEx delivered strong Q3 FY25 results, driven by 2% revenue growth and $600 million in DRIVE savings, leading to a 12% increase in adjusted operating income. Despite significant headwinds from a soft industrial economy, the USPS contract expiration, and severe weather, the company continues its network transformation and cost reduction initiatives. Management revised down its FY25 adjusted EPS outlook due to persistent demand uncertainty and higher inflation, but remains confident in long-term value creation through strategic initiatives.

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FDX operating KPIs by quarter

FDX operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Aug 2025 Q1 FY26	Nov 2025 Q2 FY26	Change vs prior quarter
Facilities Network 2.0	~140 We have close to about 140 facilities and integrated 360 stations in the process. Source: earnings call transcript	355 We now have about 24% of our eligible average daily volume flowing through 355 Network 2.0 optimized facilities. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.