Earnings summaries and quarterly performance for FEDEX.
Executive leadership at FEDEX.
Rajesh Subramaniam
Detailed
President and Chief Executive Officer
CEO
BA
Brie A. Carere
Detailed
Executive Vice President – Chief Customer Officer
GF
Gina F. Adams
Detailed
Executive Vice President, General Counsel and Secretary
JA
John A. Smith
Detailed
Chief Operating Officer – United States and Canada, Federal Express
JW
John W. Dietrich
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at FEDEX.
AB
Amy B. Lane
Detailed
Director
FP
Frederick P. Perpall
Detailed
Director
JC
Joshua Cooper Ramo
Detailed
Director
MR
Marvin R. Ellison
Detailed
Director
NA
Nancy A. Norton
Detailed
Director
PS
Paul S. Walsh
Detailed
Director
RB
R. Brad Martin
Detailed
Chairman of the Board
RW
Richard W. Smith
Detailed
Director
SD
Silvia Davila
Detailed
Director
SE
Stephen E. Gorman
Detailed
Director
SC
Susan C. Schwab
Detailed
Director
SP
Susan Patricia Griffith
Detailed
Lead Independent Director
Research analysts who have asked questions during FEDEX earnings calls.
BO
Brian Ossenbeck
JPMorgan Chase & Co.
8 questions for FDX
Also covers: ARCB, CHRW, CNI +18 more
JC
Jonathan Chappell
Evercore ISI
8 questions for FDX
Also covers: ASC, CHRW, CNI +20 more
JA
Jordan Alliger
Goldman Sachs
8 questions for FDX
Also covers: ARCB, CSX, JBHT +12 more
SG
Scott Group
Wolfe Research
8 questions for FDX
Also covers: AAL, ALGT, ALK +35 more
BO
Brandon Oglenski
Barclays
7 questions for FDX
Also covers: AAL, ALGT, ALK +20 more
Christian Wetherbee
Wells Fargo
7 questions for FDX
Also covers: ARCB, CHRW, CNI +14 more
Bascome Majors
Susquehanna Financial Group
6 questions for FDX
Also covers: CHRW, CNI, CSX +20 more
Conor Cunningham
Melius Research
6 questions for FDX
Also covers: AAL, ABNB, ALGT +16 more
DV
David Vernon
Sanford C. Bernstein & Co., LLC
6 questions for FDX
Also covers: AAL, AUR, CNI +7 more
Ken Hoexter
BofA Securities
6 questions for FDX
Also covers: ARCB, CHRW, CNI +21 more
DI
Daniel Imbro
Stephens Inc.
5 questions for FDX
Also covers: ARCB, CHRW, CNI +23 more
JS
Jason Seidl
TD Cowen
5 questions for FDX
Also covers: ARCB, CHRW, CSX +17 more
RH
Richa Harnain
Deutsche Bank
5 questions for FDX
Also covers: CHRW, CSX, KNX +6 more
TW
Tom Wadewitz
UBS Group
5 questions for FDX
Also covers: ARCB, CHRW, CNI +19 more
JB
J. Bruce Chan
Stifel
4 questions for FDX
Also covers: ARCB, CENN, CHRW +14 more
AR
Ariel Rosa
Citigroup
3 questions for FDX
Also covers: ARCB, CHRW, CNI +16 more
Stephanie Moore
Jefferies
3 questions for FDX
Also covers: APG, ARCB, ARMK +30 more
Thomas Wadewitz
UBS
3 questions for FDX
Also covers: ALK, ARCB, CHRW +20 more
AR
Ari Rosa
Citigroup Inc.
2 questions for FDX
Jeffrey Kauffman
Vertical Research Partners
2 questions for FDX
Also covers: ARCB, CHRW, CMI +13 more
RS
Ravi Shanker
Morgan Stanley
2 questions for FDX
Also covers: AAL, ALGT, ALK +27 more
Reed Seay
Stephens Inc.
2 questions for FDX
Also covers: KEX, KNX, LSTR +2 more
BO
Brandon Oglendski
Barclays PLC
1 question for FDX
Also covers: JBLU
BC
Bruce Chan
Stifel Financial Corp.
1 question for FDX
CW
Chris Wetherbee
Wells Fargo & Company
1 question for FDX
EA
Elliot Alper
TD Cowen
1 question for FDX
Also covers: ARCB, CVLG, HUBG +5 more
RH
Richa Harned
Deutsche Bank
1 question for FDX
Also covers: NSC
Recent press releases and 8-K filings for FDX.
FedEx plans Freight spin-off
FDX
- FedEx has filed a Form 10 with the SEC to spin off FedEx Freight into an independent, publicly traded company expected to list on the NYSE under ticker FDXF around June 1, 2026.
- FedEx Freight reported $8.9 billion in fiscal 2025 revenue and a 15.8% operating margin.
- The unit is portrayed as North America’s largest LTL carrier by revenue with approximately 26,000 doors, 355 service terminals and 39,000 employees.
- A 10-member board will oversee the standalone company, chaired by R. Brad Martin with John Smith as incoming president and CEO; FedEx may retain up to 19.9% of shares to preserve tax benefits.
- Network rightsizing has included closing 37 terminals and concentrating capacity—by door count—in high-density markets, covering about 65% of industry volume.
3 days ago
FedEx announces spin-off of FedEx Freight and board appointments
FDX
Board Change
- FedEx filed a Form 10 registration statement with the SEC for the planned spin-off of FedEx Freight, reflecting progress toward launching the business as an independent, industry-leading company on June 1, 2026.
- FedEx named a ten-member board of directors for the future independent FedEx Freight, chaired by R. Brad Martin and including incoming CEO John Smith as a director.
3 days ago
FedEx announces board for FedEx Freight spin-off
FDX
Board Change
- FedEx Corp has named a ten-member board for its planned FedEx Freight spin-off on June 1, 2026.
- R. Brad Martin will serve as board chair and John A. Smith as president and CEO of the independent FedEx Freight.
- The board comprises industry veterans in transportation, logistics, finance and technology, including executives from Dollar Tree, UPS and IBM.
- FedEx Freight is North America’s largest LTL carrier, operating nearly 30,000 vehicles, 39,000 team members and 355 service centers, offering Priority, Economy, Direct and Custom Critical services.
3 days ago
FedEx announces Form 10 filing for spin-off of FedEx Freight
FDX
- FedEx Corp filed a Form 10 registration statement with the SEC for the planned spin-off of FedEx Freight, scheduled to separate on June 1, 2026.
- FedEx Freight will become the largest North American less-than-truckload (LTL) carrier, operating nearly 355 service centers with 39,000 team members.
- An Investor Day for FedEx Freight is set for April 8, 2026 in New York City to detail its commercial, operational, and financial strategy.
- The spin-off is expected to be tax-free for FedEx and its stockholders, with FedEx Freight common stock to trade on the NYSE under ticker FDXF.
3 days ago
FedEx completes Freight spin-off and secures new credit facilities
FDX
Debt Issuance
M&A
- FedEx Corporation’s spin-off of its Freight business (“Freight Separation”) has been consummated, satisfying closing conditions for the new credit facilities and enabling the release of certain FedEx Corp guarantee obligations [Section 5.02(f)-(g)].
- FedEx Freight Holding Company, Inc. entered into a $1.2 billion Revolving Credit Agreement dated January 15, 2026, with JPMorgan Chase, Bank of America, Citibank, Wells Fargo and others as lenders and issuing banks [Exhibit 10.1].
- Concurrently, it executed a $600 million Delayed Draw Term Loan Agreement dated January 15, 2026, under the same syndicate structure to bolster liquidity for the newly independent Freight business [Exhibit 10.2].
- The revolving facility commitments are apportioned among major banks, including $130 million each from JPMorgan Chase, Bank of America, Citibank and Wells Fargo, $80 million each from Goldman Sachs, Morgan Stanley, PNC, Regions and others, and $24 million each from several regional banks, totaling $1.2 billion [Schedule 2.01(a)].
3 days ago
FedEx reports Q2 FY26 earnings
FDX
Earnings
Guidance Update
- FedEx delivered 7% revenue growth, $4.82 adjusted EPS (+19% YoY), 17% adjusted operating income growth and 60 basis points margin expansion in Q2 FY26.
- FedEx Express & Ground (FEC) recorded 8% revenue growth led by 12% U.S. domestic package strength, with 24% adjusted operating income growth and 100 bps margin expansion.
- FedEx Freight revenue declined 2% amid weaker LTL volumes, with adjusted operating income down $70 million and margins contracting 3 pp; the Freight spin-off remains on track for June 1, 2026.
- Management raised FY26 adjusted EPS guidance to $17.80–$19.00, up from $17.20–$19.00, reflecting headwinds from MD-11 groundings, LTL softness, and higher incentive accruals.
Dec 18, 2025, 10:30 PM
FedEx reports Q2 FY26 results
FDX
Earnings
Guidance Update
- FedEx reported consolidated Q2 FY26 revenue of $23.5 B (up 7% YoY) and adjusted EPS of $4.82 (up 19%), driven by U.S. domestic package yield and volume strength.
- The Federal Express segment generated revenue of $20.4 B (+8% YoY) and adjusted operating income of $1.564 B (+24%), while FedEx Freight saw revenue of $2.1 B (−2%) and adjusted operating income of $242 M (−22%).
- FedEx Freight separation remains on track for June 1, 2026, with its leadership team in place and an expected NYSE listing under ticker FDXF.
- For FY26, FedEx lifted its consolidated revenue growth outlook to 5–6% and increased its non-GAAP EPS guidance to $17.80–$19.00.
Dec 18, 2025, 10:30 PM
FedEx reports Q2 FY2026 results
FDX
Earnings
Guidance Update
Share Buyback
- Adjusted EPS of $4.82 (+19% YoY), consolidated revenue up 7% YoY, with margin expanding 60 bps; FedEx Express revenue +8% and adj. op. income +24% (margin +100 bps); FedEx Freight revenue -2% and adj. op. income down $70 M (margin -3 ppts).
- Raised FY2026 adjusted EPS guidance to $17.80–$19.00 (from $17.20–$19.00); expects consolidated revenue growth of 5–6%, with FedEx Express ~7% growth at midpoint and Freight flat to slight decline.
- Returned capital with $300 M of share repurchases in Q2 (remaining authorization $1.3 B), increased dividend, and targets $4.5 B CapEx for FY2026 (YTD $1.4 B); voluntary pension contribution cut to $275 M.
- On track to spin off FedEx Freight on June 1, 2026 as a separate public company; submitted confidential Form 10 and plans an April 8, 2026 investor day, with FedEx Corp retaining up to 19.9% stake.
- Operational strength driven by B2B services (nearly half of revenue growth), scaling AI across 500,000+ employees, and peak season on track with mid-single-digit daily volume growth despite MD-11 fleet grounding.
Dec 18, 2025, 10:30 PM
FedEx reports Q2 2026 results
FDX
Earnings
Guidance Update
- In Q2 FY2026, FedEx delivered $4.82 adjusted EPS, up 19% YoY, on 7% consolidated revenue growth, driving 60 bps margin expansion and 17% adjusted operating income growth.
- Raised FY2026 adjusted EPS guidance to $17.80–$19.00 from $17.20–$19.00, reflecting strong first-half execution despite MD-11 grounding and LTL headwinds.
- FedEx Freight spin-off remains on track for June 1, 2026; confidential Form 10 filed, FedEx Corp to retain up to 19.9% of shares for subsequent monetization.
- Network transformation on track: 24% of eligible volume through Network 2.0 facilities, targeting 65% by next peak, with $1 billion in annual cost savings expected.
Dec 18, 2025, 10:30 PM
FedEx reports Q2 fiscal 2026 results
FDX
Earnings
Guidance Update
Share Buyback
- FedEx delivered 7% revenue growth to $23.5 billion and GAAP diluted EPS of $4.04 (adjusted EPS $4.82) in Q2 ended November 30, 2025.
- Upgraded FY2026 guidance to 5–6% revenue growth with adjusted EPS of $14.80–$16.00 before MTM adjustments and $17.80–$19.00 after excluding spin-off and other costs.
- Generated $6.6 billion in cash on hand and repurchased $276 million of shares (1.2 million shares), with $1.3 billion remaining under authorization.
- On track to spin off FedEx Freight as a separate NYSE-listed company on June 1, 2026, and reaffirmed $1 billion of structural cost savings and $4.5 billion of capital spending for FY2026.
Dec 18, 2025, 9:10 PM
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