FedEx (FDX) Q2 FY26 earnings call

Earnings call· Nov 2025 (Q2 FY26)· Industrials· Dec 18, 2025

Source: earnings call transcript

FedEx delivered a strong Q2 FY26, exceeding expectations with high single-digit revenue growth and double-digit adjusted EPS growth, despite significant external challenges including MD-11 groundings and global trade policy impacts. The company's ongoing network, organizational, and digital transformations are driving profitability and resilience, leading to a raised full-year adjusted EPS outlook. FedEx Freight's performance remains pressured by market weakness, but the planned spin-off is on track for June 2026.

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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	This call 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.