FedEx Corporation (FDX) Earnings Call Transcripts

FedEx Corporation's Latest Earnings Call - Q4 FY2026

FedEx Corporation (FDX:US) reported a strong fourth quarter for fiscal year 2026, with consolidated revenue growing 13% year-over-year to $23.5 billion, and adjusted earnings per share (EPS) of $6.31, exceeding the high end of management's guidance. The company initiated guidance for calendar year 2026, projecting adjusted EPS between $16.90 and $18.10, indicating a 20% growth rate, driven by robust performance in premium segments and successful cost management strategies. The spin-off of FedEx Freight is expected to enhance operational focus and profitability for both entities moving forward.

Reported metrics

Guidance from management

FedEx expects calendar year 2026 adjusted EPS between $16.90 and $18.10, reflecting a 20% growth rate. This guidance indicates strong momentum in premium segments and effective cost management strategies.

What management said

Yes. I think, Claude, you covered it. From a demand perspective, I was concerned a quarter ago that we maybe would see some demand destruction. That has not at all been the case. We're growing around the world, and we have seen no impact to demand because of the elevated fuel prices.

And I'll just jump in real quick. I forgot on Scott's question, you asked about the Freight, how we're accounting for that. That is not included in our guidance. So on an ongoing basis, we will be required each quarter to mark that investment to fair value, and we don't have any assumptions built into our outlook for that.

What analysts pressed on

Analysts expressed concerns regarding the impact of variable compensation on margins and the sustainability of revenue growth in the face of rising costs. Questions were raised about the timing of cost headwinds and the implications of the spin-off on operational efficiency.

Main topics on the call

• Strong Revenue Growth — FedEx achieved a consolidated revenue growth of 13% in Q4 FY '26, with FedEx Express (FEC) revenue up 14%. Management stated, "The revenue strength...offset the impact of higher fuel costs and variable compensation," hig...
• Adjusted EPS Exceeds Guidance — The adjusted EPS for Q4 was reported at $6.31, surpassing the high end of the previous outlook. Claude Russ noted, "We delivered historic levels of adjusted free cash flow," indicating strong operational performance.
• Initiation of Calendar Year 2026 Guidance — FedEx provided an adjusted EPS outlook for calendar year 2026 of $16.90 to $18.10, reflecting a 20% growth expectation. Raj Subramaniam emphasized, "We remain firmly on track to achieve our Investor Day commitments for 2...
• Cost Management and Transformation Savings — Management highlighted exceeding the $1 billion transformation-related savings target for FY '26, attributing this to structural cost reductions. "Our data and technology advantage is helping us win new business," indica...

Read the full FedEx Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 FedEx Corporation earnings call transcripts on record, spanning March 17, 2020 to June 23, 2026. Based on this history, FedEx Corporation reports quarterly. The most recent call on file is dated June 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FDX

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Air Freight and Logistics

Calls on record

40

First call

March 17, 2020

Most recent

June 23, 2026

Reporting cadence

quarterly