FedEx Freight FY26 operating income drops 62% to USD 540 million; revenue falls 1% to USD 8.8 billion
FDX•FedEx Freight FY26 results
- FedEx Freight posted fiscal 2026 net income of USD 655 million, down 51%, as revenue slipped 1% to USD 8.8 billion.
- Operating income sank 62% to USD 540 million, pushing operating margin down 9.7 percentage points to 6.1%.
- Average daily shipments fell 4% to 86,000, while revenue per shipment rose 4% to USD 386.63.
- Results reflected lower demand, while operating income was hit by USD 492 million of spin-off-related separation and other costs.
- Capital expenditures totaled USD 379 million, down 13%; remaining calendar 2026 spending is forecast at USD 320 million to USD 340 million.
