FedEx's third quarter revenue and EPS beat estimates, leading to a raised fiscal 2026 outlook.

FedEx reported third quarter fiscal 2026 revenue of $24.0 billion, up 8.1% year-over-year, and adjusted EPS of $5.25, both significantly exceeding analyst expectations. The company raised its full-year earnings guidance, citing strength in package yields and ongoing cost-saving initiatives.

Key Highlights

• Management raised its full-year fiscal 2026 adjusted EPS guidance to a range of $19.30 to $20.10, up from the prior forecast of $17.80 to $19.00.
• Performance was driven by higher package yields in both U.S. domestic and International Priority, coupled with increased U.S. domestic package volume.
• Adjusted consolidated operating margin was 6.7%, down slightly from 6.8% in the prior-year quarter and just below the 6.8% analyst estimate.