News about FedEx

FedEx reported quarterly earnings that beat Wall Street expectations, with adjusted EPS of $3.74 versus $3.36 expected and revenue of $22.86 billion versus $22.42 billion. Net income was $290 million, or $1.21 per share, down from $650 million, or $2.73 per share, a year earlier. The company raised its full-year adjusted EPS outlook to $18 to $18.60 from $16.90 to $18.10 and lifted its 2026 revenue growth expectation to roughly 12% from 11%. It is the first report since FedEx moved its fiscal year-end from May to December and spun off FedEx Freight; shares fell slightly after hours. Jamere Jackson was named CFO effective Nov. 30.

UPS shares rose 5% to $105.01 in the afternoon session after the company reported third-quarter 2026 adjusted EPS of $1.69 and revenue of $22.85 billion, up 6.7% year over year, both above analyst expectations. UPS raised its full-year outlook, now expecting revenue of about $92.6 billion, and guided to fourth-quarter 2026 revenue of about $25.7 billion and adjusted operating profit of about $3.3 billion. The U.S. Domestic segment's operating margin rose 60 basis points to 7%, small and midsize business customers made up a record 35.1% of U.S. volume, and the International segment returned to year-over-year operating profit growth. Supply chain profit fell from a year earlier even as revenue grew, and a goodwill impairment tied to the segment weighed on reported results. The company expects its Efficiency Reimagined program to deliver nearly $3 billion in benefits this year, while FedEx (FDX) rose 2% to $306.15 and C.H. Robinson (CHRW) gained 0.6%.

FedEx reports fourth-quarter results on Wednesday, Oct. 28, after the bell, its first report since the June 1 Freight spinoff and its switch to a calendar fiscal year. Adjusted EPS of $6.31 beat the $5.95 consensus, marking five straight EPS beats, while revenue rose 12.5% to $25.01 billion. Operating income fell 21.94% as $205 million in Freight separation costs weighed on results. Interim CFO Claude Russ said Q3 will be the seasonally weakest quarter, with a $200 million pilot-contract drag on margins. Network 2.0 aims to route 65% of eligible volume through optimized stations before peak, targeting $2 billion in savings by the end of 2027.