A FedEx delivery van on May 27,2026 in London, England. <\/p>\n
Peter Dazeley | Getty Images<\/p>\n
FedEx<\/a> on Tuesday reported earnings that beat Wall Street expectations on the top and bottom lines.<\/p>\n The earnings report marked the last quarter that includes the company’s freight business, which spun off<\/a> into a separate publicly traded company called FedEx Freight<\/a> on June 1. The company said FedEx Freight paid a cash dividend of roughly $4.1 billion to FedEx Corporation in connection with the spinoff.<\/p>\n Shares of FedEx dipped roughly 6% in extended trading.<\/p>\n Here’s how the company performed in its fiscal fourth quarter compared with what analysts were expecting, according to a survey by LSEG:<\/p>\n Earnings per share: $6.31 adjusted vs. $5.96 expectedRevenue: $25.01 billion vs. $24.04 billion expected<\/p>\n For the period ended May 31, FedEx reported FedEx Express revenue of $21.57 billion, beating StreetAccount estimates of $20.75 billion. The company reported a 3% year-over-year increase in domestic volume and a 3% increase in U.S. priority volume.<\/p>\n In the fourth fiscal quarter, FedEx reported net income of $1.6 billion, or $6.60 per share, compared with $1.65 billion, or $6.88 per share, in the year-ago period. Adjusting for one-time costs, including the spin-off and retirement plan adjustments, the company reported earnings per share of $6.31. <\/p>\n For the full fiscal year, FedEx reported revenue of $94.7 billion, up from $87.9 billion the year prior. <\/p>\n “The momentum you’re seeing across our business is proof that our strategy is working,” CEO Raj Subramaniam said on a call with analysts. “It’s translating to favorable financial outcomes, including very strong free cash flow and FY ’26 results that far exceeded our initial FY ’26 outlook.”<\/p>\n The company also said it will now change its fiscal year end from May 31 to Dec. 31, effective earlier this month. <\/p>\n For the full year, FedEx said it expects 11% year-over-year revenue growth and adjusted diluted earnings per share of between $16.90 to $18.10.<\/p>\n FedEx saw fuel costs rise from $864 million last year to $1.43 billion this year, marking a 66% jump. Company executives said on the call with analysts that FedEx has not seen an impact to demand due to fuel prices. <\/p>\n The company also said it saw U.S. pricing rise 10%.<\/p>\n