Earnings Data
Report Date
Oct 28, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
3.61Last Year’s EPS
2.7Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operating and financial momentum driven by FedEx Express: double-digit revenue/yield strength in Q4, margin expansion at FEC, strong free cash flow, an improved outlook for the transition year, progress on Network 2.0 and transformation savings, and solid execution in high-value verticals (health care, data center, industrial). Offsetting factors include underperformance and margin pressure from FedEx Freight (now spun off), MD-11 grounding and related retirements, notable inflationary and labor-related cost headwinds (including variable compensation and pilot agreement impacts), stranded costs from the spin, and pockets of volume decline in lower-yield segments. On balance, the company emphasized durable profitable growth, solid cash generation, and a confident outlook for CY2026 and CY2029 targets.Company Guidance
Consolidated Revenue and Operating Income Growth
Full-year FY2026 consolidated revenue and adjusted operating income both grew 8% year-over-year; consolidated adjusted operating income improved $491 million (8%) for the full year.
FedEx Express (FEC) Strong Performance
FEC full-year revenue grew 9% and adjusted operating income rose 17% year-over-year; FEC delivered a 7.7% adjusted operating margin (60 basis points expansion YoY), the highest in four years.
Quarterly Momentum (Q4 FY2026)
Q4 consolidated revenue increased 13% and adjusted operating income increased 3% YoY; FEC Q4 revenue rose 14% and FEC Q4 adjusted operating income increased 13%.
Strong Pricing / Yield Performance
FEC package yield increased 11% in Q4; U.S. domestic yields rose 10% and international export package yields rose 10% in Q4. Management expects a $3.7 billion yield tailwind for CY 2026.
Free Cash Flow and EPS Strength
FY2026 adjusted free cash flow was $4.7 billion (up $800 million vs FY2025) with nearly 100% conversion from adjusted net income; FY2026 adjusted EPS was $20.24 and Q4 adjusted EPS was $6.31.
Positive Outlook and Transition-Year Guidance
Initiated CY 2026 adjusted EPS guidance of $16.90–$18.10 (midpoint $17.50), implying ~20% adjusted EPS growth in the June–December transition period; management expects ~11% consolidated revenue growth for CY 2026 (including ~3 percentage points from fuel surcharge).
Network Transformation and Structural Cost Savings
Exceeded the initial $1 billion transformation-related savings target for the year and reported progress on Network 2.0: ~45% of eligible volume will flow through ~490 optimized stations by month-end, rising to 65% before peak; targeting $2 billion in savings by end of CY2027.
Operational Wins and Market Share Gains
Completed FedEx Freight spin-off (June 1); achieved 12 consecutive quarters of international revenue share gains in Europe; Tricolor strategy drove international air freight and export freight growth (average daily pounds up 12% YoY).
Investments and Strategic Growth Verticals
Launched FedEx Life Sciences; exited FY2026 with nearly $10 billion in health care transportation revenue; double-digit revenue growth in AI and data center verticals and ongoing investments in a strategic road hub in Duiven, Netherlands.
Capital Allocation and Balance Sheet Discipline
FY2026 CapEx was $3.8 billion (4% of revenue), $300 million below prior outlook and the lowest CapEx-as-revenue level since company formation; pension 105% funded as of May 31; dividend increased 5% post-spin and up to $1 billion in opportunistic share repurchases planned for remainder of CY2026.
DE:FDX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:FDX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 23, 2026 | €283.50 | €275.30 | -2.89% |
Mar 19, 2026 | €240.15 | €250.95 | +4.50% |
Dec 18, 2025 | €193.69 | €187.40 | -3.25% |
Sep 18, 2025 | €151.96 | €156.82 | +3.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FedEx Corporation (DE:FDX) report earnings?
FedEx Corporation (DE:FDX) is schdueled to report earning on Oct 28, 2026, After Close (Confirmed).
What is FedEx Corporation (DE:FDX) earnings time?
FedEx Corporation (DE:FDX) earnings time is at Oct 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of FedEx Corporation stock?
The P/E ratio of FedEx is N/A.
What is DE:FDX EPS forecast?
DE:FDX EPS forecast for the fiscal quarter 2027 (Q1) is 3.61.
