FedEx Corporation's Stock Analysis

FedEx Announces New Compensation Plans for Executives and Directors

FedEx has approved a new annual cash incentive compensation plan for fiscal 2026, which is designed to motivate management to enhance the company's financial performance. The plan includes three performance metrics: adjusted consolidated operating income, structural cost reduction benefits, and on-time service performance, with a maximum payout opportunity of 125% of the target amount for participating executive officers. Additionally, performance stock units (PSUs) have been granted to executive officers, which will vest based on achieving specific performance metrics by the end of fiscal 2028.

At the recent annual meeting, stockholders approved several key proposals, including an amendment to the 2019 Stock Incentive Plan that authorizes an additional 2,100,000 shares for issuance. The stockholders also ratified the designation of Ernst & Young LLP as the independent registered public accounting firm for fiscal 2026 and approved the compensation for named executive officers. Outside directors will continue to receive an annual retainer of $140,000, with some adjustments to committee chairperson fees and additional compensation in the form of restricted stock units.

Oct 02, 2025 16:15:37

FedEx Reports First Quarter Earnings and Share Repurchase Details

FedEx Corporation announced its financial results for the first quarter ended August 31, 2025, showing earnings growth driven by improved U.S. domestic package revenue and cost reductions. The company reported a consolidated operating income improvement, although results were impacted by a non-recurring income tax expense. The Federal Express segment saw increased package yields, while the FedEx Freight segment experienced a decline in operating results due to lower revenue and higher costs.

During the quarter, FedEx completed $500 million in share repurchases, reducing outstanding shares and benefiting earnings per share. The company also confirmed plans to spin off FedEx Freight into a separate publicly traded company by June 2026. Additionally, FedEx announced an average shipping rate increase of 5.9% effective January 2026 and provided guidance for fiscal 2026, projecting revenue growth of 4% to 6% and diluted earnings per share between $14.20 and $16.00, excluding certain adjustments.

Sep 18, 2025 16:13:03

FedEx Issues €850 Million in New Notes for Funding

FedEx Corporation issued €500 million in 3.500% Notes due in 2032 and €350 million in 4.125% Notes due in 2037 on July 30, 2025. This issuance is part of a registration process under Form S-3, which includes these notes and associated guarantees.

The current report serves to incorporate the exhibits related to this issuance into the existing registration statement. The notes will be used for funding purposes as part of the company's financing strategy.

Jul 30, 2025 16:13:29

FedEx Issues €850 Million in New Notes Due 2032 and 2037

FedEx Corporation has entered into an underwriting agreement for the issuance and sale of €500 million in 3.500% Notes due 2032 and €350 million in 4.125% Notes due 2037. The agreement involves the company's wholly owned subsidiaries and is facilitated by underwriters BNP PARIBAS, Goldman Sachs & Co. LLC, and J.P. Morgan Securities plc.

This issuance is part of a registration process under Form S-3, and the related guarantees have been registered under the specified Registration Number. The current report serves to incorporate the relevant exhibit into this registration statement.

Jul 24, 2025 16:28:16

FedEx Executive Vice President to Step Down by July 2025

FedEx Corporation announced that Sriram Krishnasamy will resign from his position as Executive Vice President — Chief Digital and Information Officer and Chief Transformation Officer, effective July 17, 2025. Following his resignation, he will continue to serve as an Executive Advisor until October 31, 2025, or an earlier date as agreed upon by both parties.

The company is currently finalizing the terms of Mr. Krishnasamy's departure, including compensation details. FedEx has indicated that it will file an amendment to this report within four business days once the terms are finalized or become available.

Jul 17, 2025 17:00:40

FedEx Reports Q4 Earnings and Cost Reduction Achievements

FedEx Corp. reported a fourth quarter diluted earnings per share (EPS) of $6.88, with an adjusted EPS of $6.07. The company achieved its fiscal 2025 DRIVE structural cost reduction target, resulting in a total of $2.2 billion in savings. For the full fiscal year, FedEx reported $87.9 billion in revenue and a diluted EPS of $16.81. The company returned approximately $4.3 billion to stockholders through stock repurchases and dividends during fiscal 2025.

The fourth quarter operating income was $1.79 billion, with an operating margin of 8.1%. FedEx's Federal Express segment saw improved results due to cost reductions and increased volume, while the FedEx Freight segment faced challenges from lower fuel surcharges and increased costs. The company plans to continue its capital return strategy, including a 5% increase in the annual dividend, and aims for $1 billion in cost savings during fiscal 2026 as part of its transformation initiatives.

Jun 24, 2025 16:12:32

FedEx Reports Q3 2025 Results with Adjusted EPS Changes

FedEx Corp. reported a third quarter diluted EPS of $3.76 and an adjusted diluted EPS of $4.51, reflecting an increase from $3.51 and $3.86 in the same quarter last year. The company achieved $22.2 billion in revenue, a rise from $21.7 billion year-over-year, and completed $500 million in share repurchases during the quarter, contributing positively to the EPS results. Additionally, the company noted a net tax benefit of $46 million, which also aided in the profit metrics.

Conversely, operating income decreased to $1.29 billion from $1.24 billion in the prior year, and the operating margin slightly improved to 5.8% from 5.7%. FedEx Freight segment results declined due to lower fuel surcharges and fewer shipments, indicating challenges in that area. Furthermore, the company revised its full-year fiscal 2025 earnings outlook downward, now expecting diluted EPS between $15.15 and $15.75, a decrease from previous estimates, amid ongoing economic uncertainties affecting demand.

Mar 20, 2025 16:10:11

FedEx Completes Exchange Offers with High Participation Rates

FedEx Corp. announced the final results of its exchange offers for outstanding senior notes, which concluded on February 21, 2025. A total of $10.72 billion in Existing USD Notes and €939.7 million in Existing Euro Notes were validly tendered. The requisite consents were received for most series of notes, allowing for proposed amendments related to the separation of the FedEx Freight business. The settlement of the exchange offers is expected to occur on February 26, 2025.

However, the company noted that the requisite number of consents was not received for the 1.300% Notes due 2031, which means proposed amendments will not be made for this series. Despite high participation in the exchange offers, this indicates a gap in support for certain notes, potentially affecting future financial strategies related to the separation of the FedEx Freight business.

Feb 26, 2025 17:10:26

FedEx Extends Senior Notes Exchange Offer Expiration to February 21

FedEx Corp. announced an extension of the expiration date for its exchange offers and consent solicitations for outstanding senior notes, moving the deadline from February 6, 2025, to February 21, 2025. Eligible holders who tender their existing notes by the new expiration date may receive new notes valued at $970 per $1,000 principal amount, along with an early participation payment for those who acted before the initial deadline. The company has also amended terms for certain notes to reflect eligibility for new notes without the cash portion of the early participation payment for later tenders.

On a negative note, as of the prior expiration date, FedEx did not receive the required consents to adopt proposed amendments for some series of its notes, indicating a lack of support from holders of the non-majority existing notes. This could complicate the company’s plans related to its financial restructuring and the anticipated separation of its Freight business. The press release also notes that the exchange offers are not contingent upon the completion of the separation, which may raise concerns among investors regarding the overall strategy and execution.

Feb 07, 2025 08:08:26

FedEx Announces Early Participation Results for Senior Notes Exchange

FedEx Corp. reported the early participation results for its exchange offers of outstanding senior notes, indicating that the requisite number of consents has been received for certain series of notes, allowing for proposed amendments to be adopted. Eligible holders who tender their existing notes by the early participation date will receive a combination of new notes and cash payments, incentivizing participation in the exchange process.

However, FedEx also noted that not enough consents were received for other series of existing notes, which may hinder the adoption of proposed amendments for those notes. The exchange offers are part of a broader strategy linked to the planned separation of FedEx Freight into a new publicly traded company, but the success of these offers is not contingent on the separation process.

Jan 23, 2025 08:11:20