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FedEx beats expectations, raises outlook in first report since calendar adjustment

FedEx surpassed Wall Street financial expectations for the third quarter of its newly aligned fiscal year, driven by higher shipping rates and shipping volumes. The shipping service provider reported quarterly earnings of $4.98 per share on revenue of $22.93 billion, beating analyst consensus estimates. Following these strong financial results and building momentum ahead of the holiday shipping season, FedEx management boosted its full-year calendar earnings outlook and completed $2 billion of share repurchases between June and September.

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  • ✓ FedEx reported $4.98 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $1.64.
  • ✓ The business recorded revenue of $22.93 billion for the quarter, compared to analyst estimates of $22.73 billion.
  • ✓ FedEx completed $2 billion of share repurchases in the June-to-September period.
  • ✓ The company raised its full-year calendar 2026 earnings outlook.
🛡️ Source Corroboration: 16 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

FedEx posted stronger quarterly earnings and raised its annual profit guidance in its first financial report following a corporate calendar adjustment and freight spinoff.

Live updates

  1. FedEx Beats Earnings Expectations and Raises Full-Year Outlook

    FedEx surpassed Wall Street financial expectations for the third quarter of its newly aligned fiscal year, driven by higher shipping rates and shipping volumes. The shipping service provider reported quarterly earnings of $4.98 per share on revenue of $22.93 billion, beating analyst consensus estimates. Following these strong financial results and building momentum ahead of the holiday shipping season, FedEx management boosted its full-year calendar earnings outlook and completed $2 billion of share repurchases between June and September.

    Why it matters

    The financial report marks the first earnings update since FedEx implemented a calendar adjustment and completed a FedEx Freight spinoff. Better pricing strategies and stable parcel demand helped the company offset rising fuel costs during the period. Despite the earnings beat, the guidance and company performance elicited mixed reactions among investors, with shares slipping slightly in premarket trading.

    What is confirmed

    • FedEx reported $4.98 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $1.64.
    • The business recorded revenue of $22.93 billion for the quarter, compared to analyst estimates of $22.73 billion.
    • FedEx completed $2 billion of share repurchases in the June-to-September period.
    • The company raised its full-year calendar 2026 earnings outlook.

    Still unconfirmed

    • Cathie Wood predicted oil crashing to $30 to $35 a barrel as electric vehicles take over transportation and demand peaks.

    What to watch next

    • Holiday season shipping volume performance and delivery demand trends.
    • Further updates regarding the integration and financial impact of the FedEx Freight spinoff.
    Sources used for this update (17)
    1. www.newsbreak.com — Cathie Wood Predicts Oil Crashing to $30-$35 a Barrel as EVs Take Over Transportation: Says Demand Is 'Peaking’
    2. www.cnbc.com — Oil today: Iran, US, crude, wti, brent, trump
    3. CNBC — FedEx beats expectations, raises outlook in first report since calendar adjustment
    4. Reuters — FedEx forecasts annual profit above estimates, posts higher quarterly earnings on better pricing, volumes
    5. Bloomberg.com — FedEx Boosts Outlook as Momentum Builds Ahead of Holiday Season
    6. Barron's — FedEx Shrugged Off Rising Fuel Costs. Then Guidance Rattled the Stock.
    7. WSJ — FedEx Lifts Outlook as Shipping Rates, Volumes Drive Revenue Growth
    8. PYMNTS.com — FedEx Converts Digital Insights Into New Market Expansion
    9. Yahoo Finance — FedEx Boosts Outlook as Momentum Builds Ahead of Holidays
    10. www.cnbc.com — FedEx beats expectations, raises outlook in first report ...
    11. www.marketbeat.com — FedEx (NYSE:FDX) Posts Quarterly Earnings Results, Beats ...
    12. rocketnews.com — FedEx beats expectations, raises outlook in first report ...
    confidence 95%
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