Corporate ActionJul 21, 2026, 04:13 PM
FedEx Completes Freight Spin-Off, Changes Fiscal Year End
AI Summary
FedEx Corporation announced significant corporate actions, including the completion of its FedEx Freight spin-off on June 1, 2026, and a change in its fiscal year end from May 31 to December 31, effective the same date. The company also realigned its internal reporting structure into two new segments: Express U.S. Domestic and Express International. Additionally, FedEx provided recast historical financial information reflecting these changes, and a footnote mentioned the planned sale of FedEx Supply Chain for $1.4 billion.
Key Highlights
- Completed spin-off of FedEx Freight on June 1, 2026.
- Changed fiscal year end from May 31 to December 31, effective June 1, 2026.
- Realigned reporting segments to Express U.S. Domestic and Express International.
- FedEx Freight business presented as discontinued operations in recast financials.
- Announced sale of FedEx Supply Chain for $1.4 billion, expected H2 2026.
- Recast 2025 total revenue from continuing operations: $82.46 billion.
- Recast 2025 net income from continuing operations: $3.48 billion.
- Recast 2025 diluted EPS from continuing operations: $14.62.
Price Impact
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