FedEx (FDX) Q3 2026 earnings
Rear view of FedEx delivery truck with logo parked on city street, Dogpatch Neighborhood, San Francisco, California, February 25, 2026.
Smith Collection/gado | Archive Photos | Getty Images
Fedex It reported strong third-quarter financial results on Thursday that beat Wall Street’s expectations.
The company also raised its forecast for fiscal 2026, predicting revenue growth of 6% to 6.5%, compared to analysts’ estimates of 5.6%.
Shares of FedEx rose nearly 8% in extended trading.
Here’s how the company performed in the third fiscal quarter compared to analysts’ expectations, according to LSEG:
- Earnings per share: Adjusted $5.25, expected $4.09
- Revenues: $24 billion – $23.43 billion
FedEx reported adjusted operating income of $1.68 billion for the quarter, beating estimates of $1.39 billion. It reported net income of $1.06 billion, or $4.41 per share, compared with $909 million, or $3.76 per share, a year ago. FedEx reported earnings per share of $5.25, adjusted for spin-off costs and other one-time items.
The company also raised its adjusted EPS expectations for fiscal 2026, now forecasting earnings between $19.30 and $20.10 per share, compared to the previous forecast of between $17.80 and $19 per share.
“Team FedEx delivered another quarter of strong financial results and excellent service to our customers, supported by disciplined operational execution, the resilience of our global network, and the growing impact of our advanced digital solutions,” CEO Raj Subramaniam said in a statement. he said.
The company previously said it expects approximately $1 billion in cost reductions from its “Network 2.0” initiative, which focuses on optimizing the efficiency of package processes by leveraging automation and artificial intelligence. FedEx now expects these savings to exceed $1 billion.
FedEx said it is on track to spin off its shipping business, FedEx Freight, into a separate publicly traded company on June 1.
