FedEx Corporation has announced its financial results for the fiscal year ending May 31, 2025. The company reported consolidated revenue of $87.926 billion, a slight increase from the $87.693 billion reported in the previous year. However, consolidated net income decreased by 6%, falling from $4.331 billion in 2024 to $4.092 billion in 2025. Diluted earnings per share also saw a decline, moving from $17.21 in the prior year to $16.81 in 2025, marking a 2% decrease. The Federal Express segment experienced a 1% increase in operating income, reaching $4.885 billion compared to $4.819 billion in the previous year. Conversely, the FedEx Freight segment saw an 18% drop in operating income, from $1.821 billion to $1.489 billion. The consolidated operating income decreased by 6%, amounting to $5.217 billion, down from $5.559 billion the prior year. In terms of operating margins, the consolidated operating margin decreased by 40 basis points, from 6.3% to 5.9%. The operating margin for the FedEx Freight segment declined significantly by 260 basis points, from 19.3% to 16.7%, while the Federal Express segment's margin remained steady at 6.5%. The year-over-year changes in revenue and operating results were mixed across segments. The Federal Express segment saw a revenue increase of $641 million and an operating result improvement of $66 million. In contrast, the FedEx Freight segment experienced a revenue decline of $537 million and a reduction in operating results by $332 million. The corporate, other, and eliminations category reported a revenue increase of $129 million but a negative change in operating results of $76 million. FedEx also highlighted ongoing business operations, noting its broad portfolio of transportation, e-commerce, and business services, and its position as a leading provider in the express transportation and LTL freight transportation services sectors. The company continues to execute its one FedEx consolidation plan, which began on June 1, 2024.