FedEx | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 23.47 B

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Revenue: As of FY2026 Q2, the actual value is USD 23.47 B, beating the estimate of USD 22.8 B.

EPS: As of FY2026 Q2, the actual value is USD 4.04, beating the estimate of USD 3.8339.

EBIT: As of FY2026 Q2, the actual value is USD 1.424 B.

Segment Revenue

  • Federal Express Segment: Revenue increased by 8% to $20.433 billion for the second quarter of fiscal 2026, compared to $18.841 billion in the same period of fiscal 2025.
  • FedEx Freight Segment: Revenue decreased by 2% to $2.139 billion for the second quarter of fiscal 2026, compared to $2.177 billion in the same period of fiscal 2025.

Operational Metrics

  • Operating Income: Consolidated operating income for the second quarter of fiscal 2026 was $1.378 billion, a 31% increase from $1.052 billion in the same period of fiscal 2025.
  • Operating Margin: The operating margin improved to 5.9% from 4.8% year-over-year.
  • Net Income: Net income for the second quarter of fiscal 2026 was $0.96 billion, up from $0.74 billion in the same period of fiscal 2025.

Cash Flow

  • Operating Cash Flow: Cash provided by operating activities for the six months ended November 30, 2025, was $3.667 billion, compared to $2.505 billion for the same period in 2024.
  • Free Cash Flow: Not explicitly stated, but capital expenditures were $1.380 billion for the six months ended November 30, 2025.

Unique Metrics

  • Share Repurchase Program: FedEx completed $276 million in share repurchases during the quarter, with approximately 1.2 million shares repurchased.

Outlook / Guidance

FedEx revised its fiscal 2026 revenue growth forecast to 5% to 6% year-over-year, up from the previous forecast of 4% to 6%. The company expects diluted earnings per share of $14.80 to $16.00 before MTM retirement plans accounting adjustments, and $17.80 to $19.00 after excluding certain costs. Pension contributions are now expected to be $275 million, down from the prior forecast of up to $400 million.

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