FedEx Corporation: Beat — EPS $3.74, Revenue $22.9B
Earnings BeatQ3 2026 · After-market
Did FedEx Corporation (FDX) beat earnings today?
Yes, FedEx Corporation (FDX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+10.65% surprise
$3.74Actual
Expected: $3.38
vs. year ago +27.6%
Total Revenue+1.33% surprise
$22.9BActual
Expected: $22.6B
vs. year ago +12.3%
Released Oct 28 · 4:09 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $22.90B | $20.40B | +12.3% |
| Net income | $290.00M | $650.00M | -55.4% |
| Diluted EPS | $1.21 | $2.73 | -55.7% |
| Adjusted Diluted EPS | $3.74 | $2.93 | +27.6% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | CY26 Outlook |
|---|---|---|
| Revenue Growth | — | ~12% YoY (prev. ~11%) |
| Diluted EPS | — | $35.30-$35.90 (prev. $16.55-$17.75) |
| Adjusted Diluted EPS | — | $18.00-$18.60 (prev. $16.90-$18.10) |
| Pension Contributions | — | $475 million |
| Capital Spending | — | $3.9 billion |
Business Highlights
- ➤Completed the FedEx Freight spin-off on June 1, retaining a 19.9% ownership interest.
- ➤Completed sale of FedEx Supply Chain to CMA CGM Group on October 1.
- ➤FedEx is simplifying its portfolio and focusing resources on areas positioned for long-term value.
- ➤Parcel shipping rates will increase an average of 5.9% effective January 4, 2027.
- ➤Repurchased approximately 6.3 million shares through open-market and accelerated repurchase transactions.
- ➤Had $4.3 billion remaining under the 2026 stock repurchase authorization.
- ➤Network investments prioritize fleet and facility modernization and automation.
- ➤Targets carbon-neutral operations by 2040.
Management Commentary
Raj Subramaniam, FedEx Corp. president and chief executive officer
“As our strong operating results and adjusted free cash flow demonstrate, FedEx is winning across high-value market segments while we optimize our network, driving an increase to our full-year outlook.”
Raj Subramaniam, FedEx Corp. president and chief executive officer
“As we advance our transformation, we remain committed to disciplined operational execution to reduce our cost-to-serve while focusing on profitable growth. We have the right strategy in place to continue to be the world’s premier B2B parcel and air freight provider, leverage our digital insights to unlock new markets, and use disciplined capital allocation to create additional stockholder value.”
Claude Russ, FedEx Corp. enterprise vice president and interim chief financial officer
“Our solid third quarter results and higher 2026 financial outlook reflect the focused execution of our strategy, demonstrating momentum toward our 2029 financial targets.”
Claude Russ, FedEx Corp. enterprise vice president and interim chief financial officer
“Our decision to repurchase $2 billion of FedEx stock displays our conviction in achieving our 2029 financial targets and our commitment to deploy our strong free cash flow to increase stockholder returns.”