FedEx (FDX) September 2026 earnings

FedEx there was reported quarterly earnings that beat Wall Street expectations above and below the line and raised the full-year outlook for the newly realigned fiscal year.

Shares of the company fell slightly in full trade.

Here’s how the company performed for the period ended September 30 compared to what Wall Street expected, based on a survey of analysts by LSEG:

• Earnings per share: $3.74 adjusted vs $3.36 expected
• result: $22.86 billion vs $22.42 billion expected

The company reported net income for the quarter of $290 million, or $1.21 per share, compared with $650 million, or $2.73 per share, in the same period a year earlier. Adjusted for one-time items – including losses related to short-term investments, gains on debt extinguishment and certain restructuring costs – FedEx reported adjusted earnings per share of $3.74.

It marks the first report of FedEx’s restructured fiscal year, moving the calendar end from May 31 to December 31. The report was also conducted after the company was successful. FedEx cargo to a separate public company.

FedEx said its U.S. express segment operating income increased in the quarter, primarily due to higher package yield and volume.

“As a result of our strong operating results and adjusted free cash flow, FedEx is winning in high-end market segments as we optimize our network, driving our full-year outlook,” CEO Raj Subramaniam said in a statement.

For the full year, the company now expects adjusted earnings per share to be between $18 and $18.60, compared to a previous range of $16.90 to $18.10. FedEx also said it revised its 2026 revenue growth expectations to about 12% year over year, from its previous guidance of 11% growth.

Earlier this week, FedEx named former AutoZone executive Jamere Jackson as the company’s new chief financial officer, effective Nov. 30, replacing Claude Russ, who has been interim CFO since June 1. John Dietrich announced his resignation from the role in April.