FedEx (FDX) Q3 2026 Earnings Review
Earnings results
- EPS beat
Actual: $3.74 adjusted · Cons.: $3.31.
- Revenue beat
Actual: $22.855B · Cons.: $22.81B.
- Guidance raised
Calendar 2026 adjusted profit/share $18.00–$18.60 vs. $16.90–$18.10.
What the company reported
FedEx raised calendar2026 adjusted earnings and revenue guidance as package pricing, volumes and structural cost savings improved underlying profits; investment and debt-related accounting items made reported EPS sharply different.
Q3 2026 earnings recap
FedEx raised its calendar 2026 profit outlook as stronger package pricing and volumes supported growth, but shares fell about 2.1% after results.
- Adjusted profit per share of $3.74 beat the $3.31 consensus, while $22.86 billion in revenue narrowly topped the $22.81 billion estimate.
- Management raised adjusted profit guidance to $18–$18.6 per share from $16.9–$18.1 and lifted expected revenue growth to about 12% from 11%.
- Adjusted operating margin improved to 5.3% from 5.1%, but higher wages and purchased transportation costs limited the gains from pricing and efficiency.
- Reported profit was only $1.21 per share because a loss on the retained FedEx Freight stake outweighed a debt-repayment gain and other adjustments.
- The $304.58 pre-results close was about 16.6 times the new adjusted profit guidance midpoint, leaving cost savings and profitable volume growth central to valuation.
- FedEx completed its $1.4 billion Supply Chain sale on October 1 and plans a 5.9% average parcel rate increase in January, reshaping its business and pricing.
Watch holiday shipping demand and whether higher rates cover wage and transport inflation, with trade-policy shifts and execution costs the main risks.
Financials, technicals and earnings
Charts through Oct 28, 2026.
Technical setup and risks
The pre-results close remained within the $304–$308 recent highs area, while the after-close pullback put attention on whether the stock holds above the earlier $291–$295 support area.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.