FedEx (FDX) Tops Q2 EPS by 71c, Beats on Revenue; Offers Guidance

FedEx (NYSE: FDX) reported Q2 EPS of $4.82, $0.71 better than the analyst estimate of $4.11. Revenue for the quarter came in at $23.5 billion versus the consensus estimate of $22.78 billion.

FedEx is unable to forecast the fiscal 2026 mark-to-market (\"MTM\") retirement plans accounting adjustments. As a result, FedEx is unable to provide a fiscal 2026 earnings per share (\"EPS\") or effective tax rate (\"ETR\") outlook on a GAAP basis and is relying on the exemption provided by the Securities and Exchange Commission (\"SEC\"). It is reasonably possible that the fiscal 2026 MTM retirement plans accounting adjustments could have a material effect on fiscal 2026 consolidated financial results and ETR.

FedEx is revising its fiscal 2026 revenue, earnings and pension contributions forecasts, and now expects:

A 5% to 6% revenue growth rate year over year, compared to the prior forecast of 4% to 6% revenue growth;
Diluted earnings per share of $14.80 to $16.00 before the MTM retirement plans accounting adjustments compared to the prior forecast of $14.20 to $16.00, and $17.80 to $19.00 after also excluding costs related to the planned spin-off of FedEx Freight, business optimization initiatives, the planned change in the company\'s fiscal year end, and an international regulatory matter, compared to the prior forecast of $17.20 to $19.00; and
Pension contributions of $275 million, compared to the prior forecast of up to $400 million.

For earnings history and earnings-related data on FedEx (FDX) click here.

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