FDX Q3 2025

Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

FedEx delivered a mixed but ultimately disappointing fiscal Q3 2025, posting adjusted EPS of $4.51 against a consensus of $4.63, a miss of 2.65%, even as revenue of $22.16 billion edged past estimates by 1.26%. The headline numbers, however, told onl… Read more FedEx delivered a mixed but ultimately disappointing fiscal Q3 2025, posting adjusted EPS of $4.51 against a consensus of $4.63, a miss of 2.65%, even as revenue of $22.16 billion edged past estimates by 1.26%. The headline numbers, however, told only part of the story; the more consequential development was the company's third consecutive reduction to its full-year earnings outlook, with adjusted EPS guidance trimmed to $18.00 to $18.60 from a prior range of $19.00 to $20.00, and revenue now expected to be flat to slightly down year over year. The primary culprit was persistent weakness in the U.S. Industrial economy, which compressed volumes and margins in the FedEx Freight segment, where revenue fell 5% to $2.09 billion and operating margin contracted sharply to 12.5% from 15.5%. Shares dropped on the news, with analysts at multiple firms cutting price targets in the wake of the guidance reduction, reflecting mounting concern that weakening consumer confidence and trade uncertainty could continue to weigh on B2B demand well into fiscal 2026.