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FedEx (FDX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 20, 2025
FedEx (FDX) reported revenue of $22.2B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +0.9% from the quarter before. Operating margin was 5.8%, net earnings $909M (4.1% of revenue).
FedEx, Q3 FY25: revenue $22.2B (+2% year over year), operating margin 5.8%, net earnings $909M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2B | +0.9% | +2% |
| Operating profit | $1.3B | +23% | +4% |
| Net earnings | $909M | +23% | +3% |
| Operating cash flow | $2.0B | +53% | +25% |
| Free cash flow | $1.0B | +103% | +339% |
What changed
Revenue was $22.2B in Q3 FY25, up 2% year over year and up 1% from the previous quarter.
Operating profit was $1.3B, a 5.8% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 6% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.91B, up 3% year over year. The effective tax rate was 23.0%.
Operating cash flow was $2.0B (up 25% year over year), 221% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $1.0B left free cash flow of $1.0B.
Questions
What was FedEx's revenue in the third quarter fiscal 2025?
FedEx (FDX) reported revenue of $22.2B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +0.9% from the quarter before.
Was FedEx profitable in the third quarter fiscal 2025?
Operating profit was $1.3B (5.8% of revenue) and net earnings $909M.
Source: FedEx 10-Q on SEC EDGAR.