FedEx (FDX) Q3 2026 earnings

fedex On Thursday, it reported strong third-quarter financial results that beat Wall Street expectations.

The company also raised its guidance for fiscal 2026, forecasting revenue growth of 6% to 6.5% compared to analyst estimates of 5.6%.

FedEx shares rose nearly 9% in extended trading.

Here’s how the company performed in its fiscal third quarter, compared to what analysts were expecting, according to LSEG:

• EPS: $5.25 was revised from $4.09 expected
• profit: $24 billion compared to $23.43 billion

During the quarter, FedEx reported adjusted operating income of $1.68 billion, beating estimates of $1.39 billion. It reported net income of $1.06 billion, or $4.41 per share, up from $909 million, or $3.76 per share, a year ago. After adjusting for incidental costs and other one-time items, FedEx reported earnings per share of $5.25.

The company also raised its adjusted EPS forecast for fiscal 2026, now expecting earnings in the range of $19.30 to $20.10 per share compared to previous guidance of $17.80 to $19 per share.

“The FedEx team delivered another quarter of strong financial results and excellent service to our customers, supported by disciplined operational execution, the resilience of our global network, and the accelerating impact of our advanced digital solutions,” CEO Raj Subramaniam said in a statement.

The company previously said it expects roughly $1 billion in cost reductions from its “Network 2.0” initiative, which focuses on improving the efficiency of its package operations by leveraging automation and artificial intelligence. FedEx now expects these savings to exceed $1 billion.

FedEx said its shipping subsidiary, FedEx Freight, remains on track to spin off into a separate, publicly traded company on June 1.

Subramaniam said on a call with analysts that the company expects “modest” headwinds from disruptions from the Iran war and that the Middle East represents a “relatively small portion” of total revenue.