FedEx lifts 2026 earnings outlook after seeing volume growth in the quarter
FDX•FedEx raised its 2026 revenue growth outlook to about 12% from 11% and its adjusted diluted EPS outlook to $18.00-$18.60 from $16.90-$18.10. Third-quarter revenue rose year over year to $22.9 billion and adjusted EPS increased to $3.74.
1. Quarterly results
FedEx reported third-quarter revenue of $22.9 billion and adjusted EPS of $3.74, both higher year over year. The company also reported EPS of $1.21 and net income of $290 million, and completed $2 billion in share repurchases during the quarter.
2. Raised outlook
FedEx raised its 2026 revenue growth outlook to about 12% from about 11% and now expects adjusted diluted EPS of $18.00 to $18.60, up from $16.90 to $18.10. It expects an effective tax rate of about 22.5%, compared with its prior outlook of about 23%. The company cited higher package volumes, increased package base yields and ongoing structural cost reductions as contributors to improved results.
