### Revenue Performance
FedEx recorded a revenue of $22.22 billion, a slight increase of 0.5% YoY and 0.27% QoQ, reflecting stable demand in core markets but hampered slightly by economic slowdowns in particular regions.
### Profitability Metrics
Gross profit surged to $6.366 billion, contributing to a gross profit margin of 28.65%, representing a 24.26% YoY increase and a 34.56% QoQ rise, indicating successful cost containment despite rising-input expenses. Operating income saw a significant rise to $1.793 billion, translating to an operating margin of 8.08%, improved by 15.31% YoY and 38.78% QoQ due to enhanced operational efficiencies and reduced operating expenses.
### Cash Flow Dynamics
The net cash provided by operating activities was $2.519 billion, supporting a free cash flow of $1.046 billion. The company’s cash position strengthened with cash reserves at $5.502 billion, increasing from $5.135 billion in the previous quarter, signaling financial flexibility for future investments.