Overview
- FedEx reported fiscal fourth‑quarter adjusted EPS of $6.31 and roughly $25 billion in revenue in a results released on June 23 that exceeded analyst estimates.
- The company completed the FedEx Freight spin‑off on June 1 and received a roughly $4.1 billion cash dividend as the freight business began trading separately.
- FedEx issued calendar‑year 2026 guidance calling for about 11% revenue growth and adjusted EPS of $16.90 to $18.10 that covers only continuing parcel and express operations.
- Investors pushed the stock down about 6–7% after the report on June 24 as analysts flagged compressed Federal Express margins, a roughly 66% jump in quarterly fuel costs, higher wage and outsourced transport expenses, and uncertainty over stranded costs from the separation.
- Analysts warn the shift to calendar reporting and phased disclosures after the spin‑off will complicate year‑over‑year comparisons and delay full standalone visibility until management shows clearer progress cutting stranded costs and delivering Network 2.0 savings.