Business UpdateAug 6, 2026, 04:23 PM
FedEx Freight Changes Fiscal Year, Recasts 2024-2025 Financials
AI Summary
FedEx Freight Holding Company, Inc. announced a change in its fiscal year-end from May 31 to December 31, following its spin-off from FedEx Corporation on June 1, 2026. The company also revised the presentation of certain income statement line items, aggregating some costs into "Operating supplies and expenses" and separating others. Unaudited, recast full-year and quarterly financial and operating results for calendar years 2024 and 2025 are provided to reflect these changes, showing a decline in revenue and net income from 2024 to 2025.
Key Highlights
- Changed fiscal year-end from May 31 to December 31 after spin-off.
- Revised income statement presentation, aggregating certain costs into "Operating supplies and expenses."
- Recast 2025 full-year revenue was $8,778 million, down from $9,092 million in 2024.
- Recast 2025 full-year net income was $1,059 million, down from $1,440 million in 2024.
- Recast 2025 basic EPS was $7.08, compared to $9.63 in 2024.
- Recast 2025 total shipments were 22.36 million, down from 23.07 million in 2024.
Price Impact
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