A FedEx delivery truck is photographed on July 25, 2026 in Chicago, Illinois.
Marcin Golba | Null Photo | Getty Images
fedex reported quarterly profits on Wednesday, beating Wall Street expectations on revenue and bottom line, and raised its full-year outlook for its newly restructured fiscal year.
The company’s stock price fell slightly in after-hours trading.
Here’s how the company performed for the period ended September 30 compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: $3.74 adjusted vs. $3.36 expected Revenue: $22.86 billion vs. $22.42 billion expected
The company reported net income of $290 million, or $1.21 per share, for the quarter, compared to net income of $650 million, or $2.73 per share, in the year-ago period. Adjusted for one-time items such as losses related to short-term investments, debt extinguishment gains and certain restructuring charges, FedEx reported adjusted earnings per share of $3.74.
This will be the first report of FedEx’s restructured fiscal year, which will change its calendar end from May 31st to December 31st. The report was also released after the company was successfully spun out. fedex cargo Become an independent publicly traded company.
FedEx said its U.S. Express division’s operating income increased in the quarter, primarily due to higher package yields and volumes.
“FedEx is winning across high-end market segments while optimizing its network, as shown by our strong operating results and adjusted free cash flow, leading to our increased full-year outlook,” CEO Raj Subramaniam said in a statement.
For the full year, the company now expects adjusted earnings per share to be in the range of $18 to $18.60, compared with the previous range of $16.90 to $18.10. FedEx also announced that it is revising its sales growth forecast for 2026 to approximately 12% year-on-year growth, up from its previous forecast of 11% growth.
Earlier this week, FedEx named former AutoZone executive Jameel Jackson the company’s new chief financial officer, effective Nov. 30. He will succeed Claude Russ, who has been serving as interim CFO since June 1. It was announced that John Dietrich would be stepping down from his position in April.
