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FedEx FDX Q3 2025 earnings

Reported March 20, 2025 · After market close

Revenue$22.2BBeat by $291.4M
EPS$4.51Miss by $0.05
Revenue estimate$21.9B
EPS estimate$4.56

Next report

Sep 17, 2026 (In 2 weeks)
Revenue estimate$23.2B
EPS estimate$4.21

Financials

Q3 2025

Income statement

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Revenue$22.2B+1.9%
Operating income$1.3B+3.9%
Net income$909.0M+3.4%
EPS (diluted)$3.76+7.1%

Balance sheet

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Cash & equivalents$5.1B-9.0%
Total debt$37.6B-0.9%
Total equity$26.7B+1.3%
Total assets$85.0B-1.2%

Cash flow

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Operating cash flow$2.0B+25.0%
CapEx$997.0M-27.7%
Free cash flow$1.0B+339%

Valuation & ratios

Valuation

as of 02/28/25
See full
Market cap$63.32B+1.8%
Enterprise value$95.78B+1.3%
P/E16.2×+2.0×
P/S0.7×0.0×

Profitability

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Operating margin5.7%-0.6pp
Net margin4.5%-0.6pp
FCF margin3.9%+0.1pp

Returns & leverage

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Return on equity14.8%-2.4pp
Debt / equity1.4×0.0×
Current ratio1.2×-0.1×

Segments

By product

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U.S. ground$9.0B—
U.S. priority$2.6B—
International priority$2.1B-9.5%
International economy$1.5B+32.3%
U.S. deferred$1.4B+5.3%

By segment

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Total Federal Express segment$19.2B—
FedEx Freight segment$2.1B-5.3%

By geography

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U.S. Plans$16.1B+1.5%

FAQ

When did FedEx report Q3 2025 earnings?
FedEx (FDX) reported Q3 2025 earnings on March 20, 2025 after market close.
What were FedEx's Q3 2025 revenue and EPS?
FedEx reported revenue of $22.2B and eps of $4.51 for Q3 2025.
Did FedEx beat estimates in Q3 2025?
Revenue beat the consensus estimate of $21.9B by $291.4M. EPS missed the consensus estimate of $4.56 by $0.05.
Where can I find FedEx's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000950170-25-042661) and the 10-Q periodic report (0000950170-25-042672) directly on SEC EDGAR. The filing index links above go to sec.gov.