FedEx (FDX) Q3 FY26 earnings call

Earnings call· Feb 2026 (Q3 FY26)· Industrials· Mar 19, 2026

Source: earnings call transcript

FedEx delivered a strong third quarter, primarily driven by robust performance in its Federal Express Corporation (FEC) segment, which saw significant revenue and margin expansion. The company raised its full-year adjusted EPS guidance, reflecting sustained positive trends at FEC and disciplined capital allocation. Despite ongoing softness in the LTL market and costs associated with the FedEx Freight spin-off, management remains focused on strategic priorities like Network 2.0 and high-margin vertical growth, aiming for long-term value creation.

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FDX operating KPIs by quarter

FDX operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Aug 2025 Q1 FY26	Nov 2025 Q2 FY26	Change vs prior quarter
Facilities Network 2.0	~140 We have close to about 140 facilities and integrated 360 stations in the process. Source: earnings call transcript	355 We now have about 24% of our eligible average daily volume flowing through 355 Network 2.0 optimized facilities. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.