FedEx Corporation (FDX) Earnings Call Transcripts

FedEx Corporation's Latest Earnings Call - September 8, 2026

In the fiscal year 2026, FedEx Corporation reported modest revenue growth alongside a strong earnings outlook, with management projecting a 20% year-on-year EPS growth for the remaining months. The company generated significant cost savings through its Drive initiative and Network 2.0, contributing to a robust free cash flow target of $6 billion by calendar year 2029. Management maintained a positive outlook on leveraging technology and AI to enhance operational efficiency and customer service, signaling potential for future growth.

Reported metrics

Guidance from management

FedEx management maintained their EPS growth guidance of 20% year-on-year for the remaining months of calendar year 2026, with a long-term target of generating $6 billion in free cash flow by calendar year 2029.

What management said

It'll be less in a few minutes. John, we're delighted to be here. I promise the lawyers, I would read a quick disclaimer. Certain statements may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act and are subject to factors that could cause actual results to differ materially from those expressed or implied. For additional information, please refer to our press releases...

Well, thank you very much, and thank you for having us here today. We are pleased with the underlying momentum in our business. As far as we're concerned, we think about our trajectory towards the CY '29 targets that we have set aside. We have modest revenue growth, but double-digit earnings growth because of our transformation and most importantly, generating $6 billion of free cash flow by CY 29. So those are the t...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of cost savings and the potential impact of economic fluctuations on demand. There were also questions about the pace of technology integration and its effect on operational efficiency.

Main topics on the call

• Earnings Growth Projection — Management indicated that they expect EPS growth to accelerate to 20% year-on-year for the remaining months of calendar year 2026, reflecting strong underlying business momentum. CEO Rajesh Subramaniam stated, "We think ...
• Cost Reduction Initiatives — FedEx has achieved $4 billion in savings from the Drive initiative and an additional $2 billion from Network 2.0, enhancing operational efficiency. Subramaniam noted, "We have taken billions and billions of dollars out o...
• AI and Technology Integration — FedEx is leveraging AI to improve operational efficiency and differentiate its services, with early successes in areas like aircraft maintenance and delivery time reduction. Vishal Talwar remarked, "We think about AI in ...
• Supply Chain Visibility and Orchestration — The company is focusing on enhancing supply chain visibility and orchestration capabilities, particularly in high-value sectors like healthcare. Talwar stated, "We are increasingly finding customers asking us to go broad...

Read the full FedEx Corporation transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 FedEx Corporation earnings call transcripts on record, spanning March 17, 2020 to September 8, 2026. Based on this history, FedEx Corporation reports quarterly. The most recent call on file is dated September 8, 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

41

First call

March 17, 2020

Most recent

September 8, 2026

Reporting cadence

quarterly