FedEx reported recalculated calendar-year results for 2025 after changing its fiscal year end and classifying FedEx Freight as discontinued operations. Total revenue for the year was $82.46 billion, operating income was $4.55 billion and net income was $4.55 billion including discontinued operations. Diluted earnings per share for the full year were $19.09 and dividends declared per share were $5.70.

Financial Highlights

  • Total revenue: $82,463 million for the year ended December 31, 2025 (calendar basis).
  • Operating income (continuing operations): $4,554 million for calendar 2025.
  • Net income: $4,548 million for calendar 2025 (includes $1,066 million from discontinued operations).
  • Diluted earnings per share: $19.09 for calendar 2025 (continuing operations $14.62; discontinued operations $4.47).
  • Dividends declared per common share: $5.70 for calendar 2025.

Business Highlights

  • Operational realignment: Beginning Q1 of the transition period, FedEx realigned reporting into two new reportable segments — Express U.S. Domestic and Express International — reflecting management structure changes.
  • Spin-off completed: On June 1, 2026, FedEx completed the spin-off of FedEx Freight; FedEx Freight is presented as discontinued operations and no longer consolidated or reported as a segment in historical recast results.
  • Segment performance: Express U.S. Domestic revenue totaled $54,401 million and Express International revenue totaled $25,337 million for calendar 2025 (continuing operations basis).
  • Cost and structure actions: FedEx disclosed stranded costs and allocations of shared services post spin-off, and expects reductions via transition services agreements and cost management initiatives.
  • Portfolio streamlining: FedEx announced on July 1, 2026 the sale of FedEx Supply Chain to CMA CGM Group for $1.4 billion; upon closing FedEx Supply Chain will no longer be consolidated.

Original SEC Filing:

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