A FedEx delivery van is photographed on May 27, 2026 in London, England.
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fedex The profits reported Tuesday beat Wall Street expectations on top and bottom lines.
This earnings report covers the last quarter that included the company’s cargo business, which became a separate, independently traded company. fedex cargo The company announced that FedEx Freight paid approximately $4.1 billion in cash dividends to FedEx Corporation in connection with the spinoff.
FedEx stock fell about 6% in after-hours trading.
According to LSEG research, the company’s fiscal fourth quarter performance compared to analyst expectations:
Earnings per share: $6.31 adjusted vs. $5.96 expected Revenue: $25.01 billion vs. $24.04 billion expected
For the period ended May 31, FedEx reported FedEx Express revenue of $21.57 billion, beating Street estimates of $20.75 billion. The company reported a 3% year-over-year increase in domestic sales volume and a 3% increase in U.S. preferred sales volume.
For its fourth fiscal quarter, FedEx reported net income of $1.6 billion, or $6.60 per share. This compares to $1.65 billion, or $6.88 per share, in the year-ago period. Adjusted for one-time costs such as spinoffs and retirement plan adjustments, the company reported earnings per share of $6.31.
For the full year, FedEx reported revenue of $94.7 billion, up from $87.9 billion a year earlier.
“The momentum we’re seeing across our businesses is evidence that our strategy is working,” CEO Raj Subramaniam said on a conference call with analysts. “This has led to strong financial results, including very strong free cash flow and FY26 performance that far exceeded our original FY26 forecast.”
The company also announced earlier this month that it would change its fiscal year end from May 31st to December 31st.
For the full year, FedEx said it expects revenue to increase 11% from a year ago and adjusted diluted earnings per share to be between $16.90 and $18.10.
At FedEx, fuel costs rose from $864 million last year to $1.43 billion this year, a 66% jump. FedEx is not seeing an impact on demand from fuel prices, company executives said on a conference call with analysts.
The company also said it expects U.S. prices to rise 10%.
