FedEx said that for the 3 months ended September 30, 2026, continuing operations revenue was $22.9 billion, GAAP operating income was $1.07 billion (operating margin of 4.7%), and adjusted operating income was $1.20 billion (5.3%). For the same period in 2025, GAAP operating income was $0.97 billion (4.8%).

1. 01

   FedEx said that for the 3 months ended September 30, 2026, continuing operations revenue was $22.9 billion, GAAP operating income was $1.07 billion (operating margin of 4.7%), and adjusted operating income was $1.20 billion (5.3%). For the same period in 2025, GAAP operating income was $0.97 billion (4.8%).

2. 02

   The company reported GAAP net income of $0.29 billion ($1.21 per diluted share) for Q3 and adjusted net income of $0.90 billion ($3.74). The per-share adjustments were a loss on short-term investment of $5.18, a gain on extinguishment of debt of (1.97), and restructuring, exit and other costs of (0.68).

3. 03

   FedEx said it completed the spin-off of FedEx Freight on June 1, 2026 and retained a 19.9% ownership interest. It used a dividend of approximately $4.1 billion received from FedEx Freight after the spin-off, along with cash on hand, to fund cash tender offers for debt securities with an aggregate principal amount of approximately $4.9 billion. The company also said it completed the sale of FedEx Supply Chain to CMA CGM Group for approximately $1.4 billion on October 1, 2026.

4. 04

   The company said it repurchased $2.0 billion of stock on June–September and had $4.3 billion remaining under its repurchase authorization as of September 30, 2026. The company presented its adjusted diluted EPS outlook for calendar 2026 as $18.00 to $18.60, compared with the prior outlook of $16.90 to $18.10.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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