A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City.
Zamek | View Press | Corbis News | Getty Images
FedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday.
The stock rose 5% in after-hours trading on Thursday.
“Our earnings growth underscores the success of our strategic initiatives, as we are flexing our network and reducing our cost-to-serve, while further enhancing our value proposition and customer experience,” CEO Raj Subramaniam said in a statement.
Here’s how the company performed in the first fiscal quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:
- Earnings per share: $3.83 adjusted vs. $3.59 expected
- Revenue: $22.24 billion vs. $21.66 billion expected
The company posted net income of $820 million, or $3.46 per share, for the first fiscal quarter ended Aug. 31, compared to $790 million, or $3.21 per share, in the year-ago period. Adjusted for FedEx Freight spin-off costs and other changes, the company posted net income of $910 million or $3.83 per share.
Average daily volumes in the U.S. saw an increase of 6% overall, the company reported.
The company said it sees revenue growth in 2026 in the range of 4% to 6%, compared with a Wall Street estimate of 1.2%. FedEx expects full-year earnings per share for fiscal year 2026 at $17.20 to $19, which is a midpoint of $18.10, compared with an estimate of $18.21.
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