FedEx's revenue for the third quarter increased slightly to $22.2 billion, but the outlook remains weak.

FedEx reported a 2% revenue increase to $22.2 billion for the third quarter ending February 28, 2025, while net income fell from $1.09 billion to $0.91 billion. The Federal Express segment saw improved operating results due to cost reductions and increased export volume, despite challenges like rising wages and the end of a U.S. Postal Service contract. FedEx Freight's results declined due to lower fuel surcharges and shipment volume. The company completed a $2.5 billion share repurchase plan and revised its fiscal 2025 revenue outlook to flat or slightly down, focusing on network optimization and efficiency.