FedEx Corp. exceeded analyst expectations for its fiscal third quarter of 2026. The company reported adjusted earnings of $5.25 per share, surpassing the consensus estimate of $4.14. Total revenue for the period reached $24.0 billion.
Strong package yields in U.S. domestic and international priority services drove the performance. Ongoing cost-cutting measures further supported the bottom line.
FedEx raised its full-year fiscal 2026 adjusted earnings guidance to a range of $19.30 to $20.10 per share. The company achieved its strongest profitable U.S. market-share gains in over 20 years. Management cited the successful rollout of the Network 2.0 optimization plan for the growth. Multiple analysts increased their price targets following the announcement.