FedEx Corporation (GB:0QZX)
NYSE:0QZX
Earnings Data
Report Date
Jun 18, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
5.88Last Year’s EPS
6.07Same Quarter Last Year
Moderate Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution at FEC with double-digit revenue growth, margin expansion, improved yields, raised EPS guidance and meaningful progress on Network 2.0, cost savings and product innovation—leading to an upgraded outlook and improved cash-flow/capex discipline. Offsetting this are persistent challenges in FedEx Freight (revenue and profit pressure, separation costs), MD-11 grounding charges, sizable variable compensation and external headwinds from global trade policy and geopolitical uncertainty. On balance, the positive operational momentum, guidance raise, and transformation progress outweighed the near-term Freight and other headwinds.Company Guidance
Consolidated Revenue Growth
Consolidated revenue increased 8% year-over-year in Q3, driven by yield and volume strength across nearly all package services; FY '26 consolidated revenue growth outlook raised to 6%–6.5% (prior 5%–6%).
FEC Revenue and Margin Expansion
Federal Express Corporation (FEC) revenue grew 10% year-over-year and adjusted operating margin expanded by 50 basis points (sixth consecutive quarter of margin expansion), driving an 18% increase in FEC adjusted operating income (up $252 million).
Adjusted EPS and Outlook Raise
Q3 adjusted EPS grew 16% year-over-year (note includes a one-time $0.41 benefit from a favorable tax impact). Management raised FY '26 adjusted EPS guidance to $19.30–$20.10 (prior $17.80–$19.00), with midpoint implying roughly $5.80 in Q4 adjusted EPS.
Strong U.S. Domestic and International Performance
U.S. domestic package revenue grew 10% (highest quarterly U.S. domestic revenue since FY '22); average daily U.S. domestic volume up 5%; international export package revenue up 8%; international priority and economy freight revenue grew 14%. International export volumes turned positive, up 2% YoY.
Network 2.0 Transformation Progress
About 35% of eligible volume is flowing through nearly 400 Network 2.0 optimized facilities (on track for ~65% by next peak); company continues to expect $2.0 billion in cumulative savings from Network 2.0 and One FedEx initiatives by end of 2027.
CapEx Discipline and Cash Flow Focus
FY '26 CapEx guidance reduced to no more than $4.1 billion (down at least $400 million from prior $4.5 billion); continued commitment to keep aircraft CapEx ≤ $1.0 billion this fiscal year and through 2029; improved outlook supports upside to adjusted free cash flow (prior FY '26 target $3.8 billion) and long-term $6.0 billion adjusted FCF goal by 2029 (excluding Freight).
Commercial Wins and Product Innovation
Continued B2B share gains (nearly half of revenue growth from B2B verticals); wins in health care, strong pipeline; new product launches and partnerships including FedEx Returns+ (AI-powered returns), Dun & Bradstreet Retail Momentum Index, and robotics pilots (Berkshire Grey Scoop and Dexterity) to drive efficiency and safety.
Operational Densification and Fuel Efficiency
In a quarter with significant package volume growth, FedEx reduced net air capacity and reduced jet and vehicle fuel usage (transpacific outbound Purple and White-tail capacity reduced ~15% and ~25%, respectively), signaling success in densifying the network and lowering fuel consumption per unit.
GB:0QZX 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
GB:0QZX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $352.91 | $358.40 | +1.56% |
Dec 18, 2025 | $285.18 | $285.84 | +0.23% |
Sep 18, 2025 | $225.04 | $231.16 | +2.72% |
Jun 25, 2025 | $217.22 | $218.57 | +0.62% |
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 (GB:0QZX) report earnings?
FedEx Corporation (GB:0QZX) is schdueled to report earning on Jun 18, 2026, After Close (Confirmed).
What is FedEx Corporation (GB:0QZX) earnings time?
FedEx Corporation (GB:0QZX) earnings time is at Jun 18, 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 GB:0QZX EPS forecast?
GB:0QZX EPS forecast for the fiscal quarter 2026 (Q4) is 5.88.
