Revenue Growth
FedEx achieved a 2% year-over-year revenue growth for the first time this fiscal year, driven by increased volume at Federal Express.
Cost Savings
The company achieved $600 million in DRIVE savings in Q3 and expects to reach a total of $2.2 billion in savings for FY ‘25.
Operating Income Growth
Adjusted operating income grew by 12% year-over-year, with a 17% increase at Federal Express despite headwinds from the expiration of the United States Postal Service contract.
European Market Progress
FedEx Europe achieved its best service levels in years, contributing to $600 million in DRIVE savings by the end of the fiscal year.
Acquisition of RouteSmart Technologies
FedEx acquired RouteSmart Technologies to enhance its route optimization capabilities, supporting Network 2.0 and global network transformation.
Growth in Healthcare Segment
FedEx is onboarding nearly $400 million in new annualized healthcare revenue and expects to exit FY ‘25 with approximately $9 billion in healthcare revenue.