FedEx Corp. reported higher revenue and earnings for fiscal 2026, driven by stronger package yields, increased shipment volumes and cost savings from its transformation initiatives.
The company posted revenue of US$94.7 billion for the fiscal year ended 31 May 2026, up from US$87.9 billion a year earlier. Net income increased to US$4.43 billion, while diluted earnings per share rose to US$18.55. Adjusted diluted earnings per share reached US$20.24.
In the fourth quarter, FedEx generated US$25 billion in revenue, compared with US$22.2 billion in the same period of fiscal 2025. Quarterly net income totalled US$1.6 billion.
The company said results benefited from stronger U.S. domestic and international package yields, higher export volumes and more than US$1 billion in transformation-related cost savings achieved during the year.
“Team FedEx delivered an impressive finish to a strong fiscal year,” said Raj Subramaniam, President and Chief Executive Officer of FedEx Corp. “Our profitable growth strategy is working.”
FedEx also confirmed the completion of the FedEx Freight spin-off, which became effective on 1 June 2026, creating a separate publicly traded company. The transaction included a cash dividend of approximately US$4.1 billion from FedEx Freight to FedEx Corp.
Looking ahead, FedEx expects continued growth during calendar year 2026. The company forecasts revenue growth of around 11% year-on-year and adjusted diluted earnings per share of US$16.90 to US$18.10.
FedEx plans to invest approximately US$3.9 billion in capital expenditures during calendar 2026, focusing on network optimisation, automation and fleet modernisation projects.
