Quarterly ResultJun 25, 2026, 04:21 PM
FedEx Freight Q4 Revenue $2.4B, Operating Income Down 66.9%
AI Summary
FedEx Freight reported its Q4 FY2026 results, with revenue increasing 4.8% to $2.4 billion, but operating income significantly decreasing by 66.9% to $158 million. For the full fiscal year 2026, revenue declined 1.1% to $8.8 billion, and operating income fell 58.6% to $616 million. The company also announced the completion of its spin-off from FedEx Corp. and introduced guidance for the seven-month transition period ending December 31, 2026, forecasting 4% to 6% revenue growth and diluted EPS of $1.75 to $1.95.
Key Highlights
- Completed spin-off from FedEx Corp. and began trading as an independent company on June 1, 2026.
- Q4 FY2026 revenue increased 4.8% to $2.4 billion.
- Q4 FY2026 operating income decreased 66.9% to $158 million; adjusted operating income decreased 23.9% to $363 million.
- Full FY2026 revenue decreased 1.1% to $8.8 billion.
- Full FY2026 operating income decreased 58.6% to $616 million; adjusted operating income decreased 25.6% to $1.1 billion.
- Introduced guidance for the 7-month transition period (ending Dec 31, 2026) with 4% to 6% revenue growth.
- Forecasted transition period operating income of $475M-$515M and adjusted operating income of $605M-$645M.
- Projected diluted EPS of $1.75-$1.95 (before MTM) and $2.40-$2.60 (excluding spin-off costs) for transition period.
Price Impact
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