Earnings Releases·Oct 28, 2026, 4:12 PM ET

FedEx — Q3 2026 Earnings Summary

Consolidated revenue rose 12% year-over-year to $22.9 billion for Q3 and $66.6 billion for the nine months ended September 30, 2026; GAAP operating income increased to $1.07 billion in the quarter, while nine-month GAAP net income surged 130% to $7.2 billion.
Full-year 2026 revenue growth guidance was raised to approximately 12% (from ~11%), and adjusted diluted EPS guidance was revised upward to $18.00–$18.60 (from $16.90–$18.10), with the effective tax rate forecast lowered to ~22.5%.
Strategic portfolio simplification advanced with the June 1, 2026, spin-off of FedEx Freight (retaining a 19.9% interest valued at $3.3 billion) and the October 1, 2026, sale of FedEx Supply Chain to CMA CGM for approximately $1.4 billion.
Capital allocation included $2.0 billion in stock repurchases during the quarter and $2.9 billion in capital expenditures for the first nine months, with full-year capex guidance unchanged at $3.9 billion.
Future outlook remains positive with 5.9% rate increases scheduled for January 2027, while management cited strong momentum toward 2029 targets despite headwinds from higher purchased transportation and wage rates.