FedEx expects to repurchase additional $1.5B of common stock during FY25

The company completed a $1 billion accelerated share repurchase transaction during the quarter. Approximately 3.4 million shares were delivered under the ASR agreement, with the decrease in outstanding shares benefiting first quarter results by $0.03 per diluted share. FedEx expects to repurchase an additional $1.5 billion of common stock during fiscal 2025, for a buyback total of $2.5 billion. As of August 31, 2024, $4.1 billion remained available for repurchases under the company’s 2024 stock repurchase authorization. Cash on-hand as of August 31, 2024 was $5.9 billion.