FedEx announced quarterly results that exceeded analyst expectations on both revenue and earnings metrics in extended trading on Wednesday. The company reported net income of $290 million, or $1.21 per share, compared to $650 million, or $2.73 per share during the equivalent quarter a year earlier. On an adjusted basis excluding one-time items such as investment losses, debt extinguishment gains, and restructuring expenses, the company posted adjusted earnings per share of $3.74.
This marked the first earnings report following FedEx’s transition to a calendar year ending December 31, having previously concluded its fiscal year on May 31. The reporting period also represented the company’s first full quarter after the successful separation of FedEx Freight into an independent publicly traded entity. The express U.S. segment demonstrated improved operating income during the quarter, driven by higher package yields and increased volume.
Based on the strong operational performance and adjusted free cash flow generation, FedEx increased its full-year guidance. The company now projects adjusted earnings per share between $18 and $18.60, up from its previous range of $16.90 to $18.10. Additionally, FedEx revised its 2026 revenue growth expectation to approximately 12% year-over-year, raising the prior guidance of 11% increase.
Chief Executive Officer Raj Subramaniam stated that the company’s results reflect success in capturing high-value market segments while pursuing network optimization strategies. In related personnel developments earlier in the week, FedEx named Jamere Jackson, a former AutoZone executive, as its new chief financial officer effective November 30. Jackson succeeds Claude Russ, who held the interim CFO position since June 1 following John Dietrich’s announced departure in April.
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