FedEx Corp (FDX) stock
FDXNYSEAir Courier ServicesFiscal year ends May 31
Financials through Q4 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Oct 28, 2026Score 10/3011% above fair value
$307.82+3.24 (+1.06%)
Close on Oct 29, 2026Market cap $72.82BP/E 16.6Yield 1.88%
Earnings
FedEx's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
–
Not yet scheduled
Revenue, Q4 FY2026
$25.00B
Diluted EPS Adjusted (non-GAAP), Q4 FY2026
$6.31
Latest guidance
Raised
Jun 23, 2026 · 6 items
Quarterly results
Revenue and earnings per share from each of FedEx's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended May 31, 2026 | Jun 23, 2026during market hours | $25.00B | – | $6.60 | $6.31 | Release |
| Q3 FY2026ended Feb 28, 2026 | Mar 19, 2026during market hours | $24.00B | +8.1% | $4.41 | $5.25 | Release |
| Q2 FY2026ended Nov 30, 2025 | Dec 18, 2025during market hours | $23.50B | +6.8% | $4.04 | – | Release |
| Q1 FY2026ended Aug 31, 2025 | Sep 18, 2025during market hours | $22.20B | +2.8% | $3.46 | $3.83 | Release |
| Q4 FY2025ended May 31, 2025 | Jun 24, 2025during market hours | – | – | – | – | Release |
| Q3 FY2025ended Feb 28, 2025 | Mar 20, 2025during market hours | $22.20B | – | $3.76 | $4.51 | Release |
| Q2 FY2025ended Nov 30, 2024 | Dec 19, 2024during market hours | $22.00B | -0.9% | $3.03 | $4.05 | Release |
| Q1 FY2025ended Aug 31, 2024 | Sep 19, 2024during market hours | $21.60B | -0.5% | $3.21 | $3.60 | Release |
| Q4 FY2024ended May 31, 2024 | Jun 25, 2024during market hours | $22.10B | +0.9% | $5.94 | $5.41 | Release |
| Q3 FY2024ended Feb 29, 2024 | Mar 21, 2024during market hours | – | – | $3.51 | $3.86 | Release |
| Q2 FY2024ended Nov 30, 2023 | Dec 19, 2023during market hours | $22.20B | -2.6% | $3.55 | $3.99 | Release |
| Q1 FY2024ended Aug 31, 2023 | Sep 20, 2023during market hours | $21.70B | -6.5% | $4.23 | $4.55 | Release |
| Q4 FY2023ended May 31, 2023 | Jun 20, 2023during market hours | $21.90B | -10.2% | $6.05 | $4.94 | Release |
| Q3 FY2023ended Feb 28, 2023 | Mar 16, 2023during market hours | $22.20B | -5.9% | $3.05 | $3.41 | Release |
| Q2 FY2023ended Nov 30, 2022 | Dec 20, 2022during market hours | $22.80B | -3.0% | $3.07 | $3.18 | Release |
| Q1 FY2023ended Aug 31, 2022 | Sep 22, 2022during market hours | $23.20B | – | $3.33 | $3.44 | Release |
| Q4 FY2022ended May 31, 2022 | Jun 23, 2022during market hours | $24.40B | – | $2.13 | $6.87 | Release |
| Q3 FY2022ended Feb 28, 2022 | Mar 17, 2022during market hours | $23.60B | – | $4.20 | $4.59 | Release |
| Q2 FY2022ended Nov 30, 2021 | Dec 16, 2021during market hours | $23.50B | – | $3.88 | $4.83 | Release |
| Q1 FY2022ended Aug 31, 2021 | Sep 21, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2021ended May 31, 2021 | Jun 24, 2021during market hours | – | – | – | – | Filing |
| Q3 FY2021ended Feb 28, 2021 | Mar 18, 2021during market hours | – | – | – | – | Filing |
| Q2 FY2021ended Nov 30, 2020 | Dec 17, 2020during market hours | – | – | – | – | Filing |
| Q1 FY2021ended Aug 31, 2020 | Sep 15, 2020during market hours | – | – | – | – | Filing |
| Q4 FY2020ended May 31, 2020 | Jun 30, 2020during market hours | – | – | – | – | Filing |
| Q3 FY2020ended Feb 29, 2020 | Mar 17, 2020during market hours | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
No open guidance: every period FedEx guided for has been reported
Guidance vs results
The last range FedEx gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q1 FY2026 | Diluted earnings per share with adjustments (non-GAAP) | $3.40 – $4.00 | $3.83 | Within range |
| Q1 FY2026 | EPS (GAAP) | $2.90 – $3.50 | $3.46 | Within range |
| Q2 FY2023 | EPS (GAAP) | $2.65 | $3.07 | Above range |
| Q2 FY2023 | Revenue | $23.50B – $24.00B | $22.80B | Below range |
Guidance history
Every forecast FedEx put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Jun 23, 2026 | Capital Spending | FY2026 | $3.90B | Lowered |
| Jun 23, 2026 | Adjusted Diluted EPS (Continuing Operations) | FY2026 | $16.90 – $18.10 | Lowered |
| Jun 23, 2026 | Diluted EPS (Continuing Operations) | FY2026 | $16.55 – $17.75 | New |
| Jun 23, 2026 | Effective Tax Rate (ETR) | FY2026 | 23% | Lowered |
| Jun 23, 2026 | Pension Contributions | FY2026 | $475.00M | Raised |
| Jun 23, 2026 | Revenue Growth | FY2026 | +11% | Raised |
| Mar 19, 2026 | Capital spending | FY2026 | $4.10B | Lowered |
| Mar 19, 2026 | Diluted earnings per share | FY2026 | $19.30 – $20.10 | Raised |
| Mar 19, 2026 | ETR | FY2026 | 24% | Lowered |
| Mar 19, 2026 | Permanent cost reductions | FY2026 | $1.00B | Reaffirmed |
| Mar 19, 2026 | Pension contributions | FY2026 | $275.00M | Lowered |
| Mar 19, 2026 | revenue growth rate year over year | FY2026 | +6% – +6.5% | Raised |
| Dec 18, 2025 | Capital spending | FY2026 | $4.50B | Reaffirmed |
| Dec 18, 2025 | Diluted earnings per share before the MTM retirement plans accounting adjustments | FY2026 | $14.80 – $16.00 | Lowered |
| Dec 18, 2025 | ETR prior to the MTM retirement plans accounting adjustments | FY2026 | 25% | Reaffirmed |
| Dec 18, 2025 | Pension contributions | FY2026 | $275.00M | Lowered |
| Dec 18, 2025 | Permanent cost reductions | FY2026 | $1.00B | Raised |
| Dec 18, 2025 | revenue growth rate year over year | FY2026 | +5% – +6% | Raised |
| Sep 18, 2025 | Capital spending | FY2026 | $4.50B | Reaffirmed |
| Sep 18, 2025 | Diluted earnings per share before the MTM retirement plans accounting adjustments | FY2026 | $14.20 – $16.00 | New |
| Sep 18, 2025 | Diluted earnings per share after also excluding costs related to business optimization initiatives, the planned spin-off of FedEx Freight, and the planned change in the company's fiscal year end | FY2026 | $17.20 – $19.00 | Raised |
| Sep 18, 2025 | ETR | FY2026 | 25% | New |
| Sep 18, 2025 | Pension contributions | FY2026 | $400.00M | Lowered |
| Sep 18, 2025 | Permanent cost reductions | FY2026 | $1.00B | Raised |
| Sep 18, 2025 | revenue growth rate | FY2026 | +4% – +6% | New |
| Jun 24, 2025 | Capital spending | FY2026 | $4.50B | New |
| Jun 24, 2025 | Diluted earnings per share with adjustments (non-GAAP) | Q1 FY2026 | $3.40 – $4.00 | New |
| Jun 24, 2025 | Diluted earnings per share | Q1 FY2026 | $2.90 – $3.50 | New |
| Jun 24, 2025 | Pension contributions | FY2026 | $600.00M | Lowered |
| Jun 24, 2025 | effective tax rate (ETR) | Q1 FY2026 | 25% | New |
| Jun 24, 2025 | Permanent cost reductions | FY2026 | $1.00B | New |
| Mar 20, 2025 | Capital spending | FY2025 | $4.90B | Lowered |
| Mar 20, 2025 | Diluted EPS before the MTM retirement plans accounting adjustments | FY2025 | $15.15 – $15.75 | Lowered |
| Mar 20, 2025 | Diluted EPS after excluding costs related to business optimization initiatives, international regulatory and legacy FedEx Ground legal matters, and the planned spin-off of FedEx Freight | FY2025 | $18.00 – $18.60 | Raised |
| Mar 20, 2025 | ETR prior to the MTM retirement plans accounting adjustments | FY2025 | 24% | Reaffirmed |
| Mar 20, 2025 | Permanent cost reductions from the DRIVE transformation program | FY2025 | $2.20B | Reaffirmed |
| Dec 19, 2024 | Capital spending | FY2025 | $5.20B | New |
| Dec 19, 2024 | Diluted EPS before the MTM retirement plans accounting adjustments | FY2025 | $16.45 – $17.45 | New |
| Dec 19, 2024 | Diluted EPS after also excluding costs related to business optimization initiatives | FY2025 | $19.00 – $20.00 | Raised |
| Dec 19, 2024 | ETR prior to the MTM retirement plans accounting adjustments | FY2025 | 24% | New |
| Dec 19, 2024 | Permanent cost reductions from the DRIVE transformation program | FY2025 | $2.20B | New |
| Sep 19, 2024 | Capital spending | FY2025 | $5.20B | Reaffirmed |
| Sep 19, 2024 | Earnings per diluted share after also excluding costs related to business optimization initiatives | FY2025 | $20.00 – $21.00 | Lowered |
| Sep 19, 2024 | ETR | FY2025 | 24.5% | Reaffirmed |
| Sep 19, 2024 | Permanent cost reductions | FY2025 | $2.20B | Reaffirmed |
| Jun 25, 2024 | Capital spending | FY2025 | $5.20B | New |
| Jun 25, 2024 | Earnings per diluted share | FY2025 | $20.00 – $22.00 | New |
| Jun 25, 2024 | ETR | FY2025 | 24.5% | New |
| Jun 25, 2024 | Permanent cost reductions from the DRIVE transformation program | FY2025 | $2.20B | New |
| Mar 21, 2024 | Capital spending | FY2024 | $5.40B | Lowered |
| Mar 21, 2024 | Earnings per diluted share | FY2024 | $17.25 – $18.25 | Narrowed |
| Mar 21, 2024 | ETR | FY2024 | 25% | Reaffirmed |
| Mar 21, 2024 | Permanent cost reductions | FY2024 | $1.80B | Reaffirmed |
| Dec 19, 2023 | Capital spending | FY2024 | $5.70B | Reaffirmed |
| Dec 19, 2023 | Earnings per diluted share | FY2024 | $17.00 – $18.50 | Reaffirmed |
| Dec 19, 2023 | ETR | FY2024 | 25% | Reaffirmed |
| Dec 19, 2023 | Permanent cost reductions | FY2024 | $1.80B | Reaffirmed |
| Sep 20, 2023 | Capital spending | FY2024 | $5.70B | Reaffirmed |
| Sep 20, 2023 | Earnings per diluted share | FY2024 | $17.00 – $18.50 | Raised |
| Sep 20, 2023 | ETR | FY2024 | 25% | Reaffirmed |
| Sep 20, 2023 | Permanent cost reductions from the DRIVE transformation program | FY2024 | $1.80B | Reaffirmed |
| Jun 20, 2023 | Capital spending | FY2024 | $5.70B | New |
| Jun 20, 2023 | Earnings per diluted share | FY2024 | $16.50 – $18.50 | New |
| Jun 20, 2023 | ETR | FY2024 | 25% | New |
| Jun 20, 2023 | Permanent cost reductions from the DRIVE transformation program | FY2024 | $1.80B | New |
| Mar 16, 2023 | Capital spending | FY2023 | $5.90B | Reaffirmed |
| Mar 16, 2023 | Earnings per diluted share | FY2023 | $14.60 – $15.20 | Raised |
| Mar 16, 2023 | ETR | FY2023 | 25% – 26% | Reaffirmed |
| Dec 20, 2022 | Capital spending | FY2023 | $5.90B | Lowered |
| Dec 20, 2022 | Earnings per diluted share | FY2023 | $13.00 – $14.00 | Lowered |
| Dec 20, 2022 | ETR | FY2023 | 25% – 26% | Raised |
| Sep 22, 2022 | capital spending | FY2023 | $6.30B | Reaffirmed |
| Sep 22, 2022 | earnings per diluted share excluding costs related to business optimization initiatives and business realignment activities | Q2 FY2023 | $2.75 | Reaffirmed |
| Sep 22, 2022 | earnings per diluted share | Q2 FY2023 | $2.65 | Reaffirmed |
| Sep 22, 2022 | revenue | Q2 FY2023 | $23.50B – $24.00B | Reaffirmed |
| Sep 15, 2022 | capital spending | FY2023 | $6.30B | Lowered |
| Sep 15, 2022 | earnings per diluted share excluding costs related to business optimization initiatives and business realignment activities | Q2 FY2023 | $2.75 | New |
| Sep 15, 2022 | earnings per diluted share | Q2 FY2023 | $2.65 | New |
| Sep 15, 2022 | revenue | Q2 FY2023 | $23.50B – $24.00B | New |
| Jun 23, 2022 | Capital spending | FY2023 | $6.80B | New |
| Jun 23, 2022 | Earnings per diluted share | FY2023 | $22.50 – $24.50 | New |
| Jun 23, 2022 | ETR | FY2023 | 24% | New |
| Mar 17, 2022 | Capital spending | FY2022 | $7.00B | Lowered |
| Mar 17, 2022 | Earnings per diluted share | FY2022 | $20.50 – $21.50 | Reaffirmed |
| Mar 17, 2022 | ETR | FY2022 | 22% – 23% | Lowered |
| Dec 16, 2021 | Capital spending | FY2022 | $7.20B | New |
| Dec 16, 2021 | Earnings per diluted share | FY2022 | $20.50 – $21.50 | New |
| Dec 16, 2021 | ETR | FY2022 | 24% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases FedEx filed with the SEC as exhibits to Form 8-K or 6-K
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