FedEx Corporation has announced its financial results for the second quarter of fiscal 2025, ending November 30. The company reported a diluted earnings per share (EPS) of $3.03 on a GAAP basis and an adjusted diluted EPS of $4.05. Revenue for the quarter stood at $22 billion, unchanged from the previous year.
The company's president and CEO, Raj Subramaniam, stated, "Our second quarter results demonstrate that our efforts to transform our operations are working. The Federal Express segment delivered operating profit growth despite several headwinds, including the continued weak U.S. domestic demand environment as well as the expiration of our U.S. Postal Service contract."
The Federal Express segment showed improved adjusted operating results due to cost reduction benefits from the DRIVE program, higher base yield, and increased international export volume. However, these were partially offset by higher wage rates and transportation costs.