Q4 25 EPS
$6.07
BEAT +4.66%
Est. $5.80
Q4 25 Revenue
$22.22B
BEAT +2.16%
Est. $21.75B
vs S&P Since Q4 25
+66.6%
BEATING MARKET
FDX +85.3% vs S&P +18.7%
Full Year 2025 Results
FY 25 EPS
$18.19
BEAT +1.02%
Est. $18.01
FY 25 Revenue
$87.93B
BEAT +0.54%
Est. $87.46B
Market Reaction
Did FDX Beat Earnings? Q4 2025 Results
FedEx closed fiscal 2025 on a stronger-than-expected note, reporting Q4 adjusted EPS of $6.07 against a consensus estimate of $5.80, a beat of 4.66%, while revenue of $22.22 billion topped the $21.75 billion estimate by 2.16% and edged 0.5% higher ye… Read more FedEx closed fiscal 2025 on a stronger-than-expected note, reporting Q4 adjusted EPS of $6.07 against a consensus estimate of $5.80, a beat of 4.66%, while revenue of $22.22 billion topped the $21.75 billion estimate by 2.16% and edged 0.5% higher year over year. The standout driver behind the results was the completion of the company's DRIVE cost reduction program, which delivered $2.20 billion in structural savings during fiscal 2025 alone and a cumulative $4.00 billion since fiscal 2023, helping push adjusted operating margin to 9.1%, up from 8.5% a year earlier. The Federal Express segment was a particular bright spot, with GAAP operating income climbing 22% year over year as U.S. Domestic daily volume grew 6% and international economy package volume surged 34%. FedEx Freight remained a soft patch, with operating income slipping 6%, and the planned spin-off of that unit into a separate publicly traded company added $33.00 million in Q4 costs. Looking ahead, FedEx guided Q1 fiscal 2026 adjusted EPS of $3.40 to $4.00 and full-year capital spending of $4.50 billion, with another $1.00 billion in permanent cost reductions targeted.
Key Takeaways
- • Achieved $2.2 billion fiscal 2025 DRIVE structural cost reduction target, with $4.0 billion in cumulative DRIVE savings relative to fiscal 2023
- • Increased U.S. domestic and international export package volume at Federal Express
- • Higher base yield across transportation segments
- • Capital spending declined 22% to $4.1 billion, lowest capital intensity ratio (4.6% of revenue) in company history
- • One fewer operating day negatively impacted results
- • Expiration of U.S. Postal Service contract reduced Federal Express revenue
- • Higher purchased transportation costs and wage rates at Federal Express
- • Lower fuel surcharges and reduced weight per shipment at FedEx Freight
FDX YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
FDX Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am proud of the FedEx team for a solid finish to the fiscal year, delivering excellent service for our customers while achieving our structural cost reduction target, in the face of ongoing headwinds.”
— Raj Subramaniam, Q4 2025 Earnings Press Release
FDX Earnings Trends
FDX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FDX EPS Trend
Earnings per share: estimate vs actual
FDX Revenue Trend
Quarterly revenue: estimate vs actual
FDX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $5.25 | — | $24.00B | +2.20% |
| Q2 26 BEAT | $4.11 | $4.82 | +17.16% | $23.47B | +2.94% |
| Q1 26 BEAT | $3.62 | $3.83 | +5.76% | $22.24B | +2.69% |
| Q4 25 BEAT FY | $5.80 | $6.07 | +4.66% | $22.22B | +2.16% |
| FY Full Year | $18.01 | $18.19 | +1.02% | $87.93B | +0.54% |
| Q3 25 MISS | $4.63 | $4.51 | -2.65% | $22.16B | +1.26% |