FEDEX CORP (FDX) Form 10-Q — Oct 28, 2026
FedEx filed its first 10-Q following the June 1, 2026 spin-off of FedEx Freight and its fiscal year-end change to December 31, now reporting two segments: Express U.S. Domestic and Express International. Quarterly revenue rose 12% to $22.9 billion and operating income rose 10% to $1.07 billion, driven by higher base yields, fuel surcharges, and U.S. domestic package volumes.
Key figures
- Eps
- 1.21
- Revenue
- 22855000000
- Guidance
- Anticipates year-over-year revenue and operating profit growth to continue in remainder of calendar 2026; expects $1.0 billion structural cost reduction by end of calendar 2026; calendar 2026 capex ~$3.9 billion
- Net Income
- 290000000
- Total Debt
- 17600000000
- Revenue Yoy
- 12% (three months ended Sep 30, 2026); 14% for four-month period
- Cash Position
- 7961000000
- Shares Outstanding
- 234199353
- Debt issued sep 2026
- $1.1B 5.750% notes due 2036; EUR 1.1B 4.000% notes due 2030; EUR 900M 4.625% notes due 2034
- Debt to adjusted ebitda
- 1.9
- Diluted eps four months
- 22.21
- Buybacks four months usd
- $2.0 billion (6.3 million shares at avg $319.68)
- Supply chain sale proceeds
- $1.4 billion net (sold to CMA CGM Group Oct 1, 2026)
- Gain on debt extinguishment
- $627 million
- Dividend per share quarterly
- 1.22
- Operating income three months
- 1067000000
- Operating margin three months
- 4.7%
- Freight spinoff dividend received
- $4.1 billion
- Tender offer principal repurchased
- $4.9 billion
- Diluted eps continuing three months
- 1.21
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