FedEx Shares Rise After Earnings Beat and Raised Full-Year Outlook

Font: Financial Modeling Prep  • Mar 20, 2026

FedEx Corporation (NYSE: FDX) shares climbed nearly 2% intra-day Friday after the logistics company raised its full-year profit guidance, supported by improved package yields and cost reductions from its ongoing network transformation.

The company reported fiscal third-quarter adjusted earnings per share of $5.25, significantly exceeding the Wall Street consensus estimate of $4.11. Revenue for the quarter ended in February totaled $24.0 billion, surpassing analyst expectations of $23.48 billion.

Adjusted operating income increased 7% year over year to $1.62 billion, compared with Street estimates of $1.37 billion. The results included a $0.41 per share tax benefit related to foreign tax loss carryforwards. Excluding this benefit, Barclays analysts said the performance still exceeded expectations by a wide margin, with consolidated EBIT surpassing forecasts by more than $200 million.

FedEx raised its fiscal 2026 adjusted EPS outlook to a range of $19.30 to $20.10 from the previous $17.80 to $19.00, compared with Wall Street expectations of $18.71. The company also lifted its full-year revenue growth forecast to 6.0% to 6.5%, up from 5% to 6%.

The updated outlook implied fourth-quarter earnings per share of approximately $5.79 at the midpoint, slightly below prior Street expectations of $5.93.