FedEx sees repurchasing additional $500M of common stock during FY25

FedEx (FDX) completed $1 billion in share repurchases via open market and accelerated share repurchase transactions during the quarter. Approximately 3.7 million shares were delivered from the transactions, with the decrease in outstanding shares benefiting second quarter results by $0.07 per diluted share. The company expects to repurchase an additional $500 million of common stock during fiscal 2025, for a buyback total of $2.5 billion. As of November 30, 2024, $3.1 billion remained available for repurchases under the company’s 2024 stock repurchase authorization. Cash on-hand as of November 30, 2024, was $5.0 billion.