FedEx announced quarterly results that surpassed analyst projections on both revenue and profit metrics, prompting the company to increase its financial guidance for the remainder of the year. The performance marked the first reporting period under the company’s newly realigned fiscal calendar, which shifted its year-end from May 31 to December 31.
The transportation and logistics company posted net income of $290 million, or $1.21 per share, for the quarter ended September 30. On an adjusted basis excluding one-time items such as investment losses, debt extinguishment gains, and restructuring charges, the company reported adjusted earnings per share of $3.74. The express U.S. segment showed particular strength, with operating income increasing during the quarter as a result of higher package yields and improved volume.
In light of the strong operational performance and adjusted free cash flow generation, FedEx raised its full-year adjusted earnings per share guidance to a range of $18 to $18.60, up from the previous range of $16.90 to $18.10. The company also revised its 2026 revenue growth expectation upward to approximately 12% year-over-year increase, compared with prior guidance of 11% growth. CEO Raj Subramaniam cited the company’s performance across high-value market segments and network optimization efforts as drivers of the improved outlook.
The results come following the successful separation of FedEx Freight into an independent publicly traded entity. Despite the positive earnings report, FedEx shares moved lower in extended trading sessions. Additionally, the company announced leadership changes in its financial department, naming Jamere Jackson, a former AutoZone executive, as the new chief financial officer, effective November 30, replacing interim CFO Claude Russ.
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