FedEx will return approximately $800 million in tariff refunds to its customers. The distribution of these funds is scheduled to begin in August.
This decision follows a Supreme Court ruling against a Trump administration tariff policy. FedEx can trace the payments to specific shipments because it collected duties while transporting goods for third parties.
The move contrasts with retailers like Nike, which are retaining similar refunds to boost corporate earnings. This development may influence FedEx's cash flow and future shareholder returns.
FedEx stock declined 0.2% in overnight trading leading into Thursday.