FedEx Freight — Q3 TY26 Earnings Summary

FedEx Freight reported solid financial results for the four-month transition period ended September 30, 2026, marking its inaugural period as an independent company with revenue reaching $3.3 billion, a 9.2% year-over-year increase. The company achieved an adjusted operating income of $510 million and an adjusted diluted earnings per share of $2.15, driven by higher revenue and fuel surcharges despite a slight decline in shipment volumes. FedEx Freight updated its outlook for the transition period, forecasting revenue between $5.58 billion and $5.65 billion and adjusted operating income between $695 million and $715 million. Additionally, the company introduced positive guidance for the three months ending December 31, 2026, projecting adjusted operating income of $185 million to $205 million.