FedEx Corp lifts earnings after Freight spin-off, shares trade lower on NYSE

FedEx Corp has reported a stronger fourth fiscal quarter after spinning off FedEx Freight, but the shares trade slightly lower on the NYSE as investors digest guidance tweaks and debt buyback plans.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 13:17.

FedEx Corp (US31428X1063) has emerged from its fiscal fourth quarter with earnings and revenue ahead of Wall Street expectations, while its NYSE-listed shares trade slightly lower in early pre-market action today according to Public.com data.Zacks earnings recap for FedEx The results mark the first full quarter after the separate listing of FedEx Freight, now a distinct S&P 500 stock on the NYSE.MarketScreener overview of FedEx Freight Holding

What the latest quarter shows

FedEx Corp reported adjusted earnings of 6.31 dollars per share for the quarter ended May 2026, beating the Zacks consensus estimate of 5.91 dollars and rising from 6.07 dollars a year earlier.Zacks earnings recap for FedEx Quarterly revenue reached 25.01 billion dollars, around 3.4 percent above the consensus estimate and higher year on year, reflecting resilient demand in express and ground segments despite the Freight spin-off.Zacks earnings recap for FedEx

The company has been implementing its "Network 2.0" efficiency program, aiming to trim costs and enhance margins by streamlining routes and hubs, a focus highlighted in recent TradingKey commentary on the stock.TradingKey profile of FedEx Corp Analysts watch closely how these savings offset inflationary pressures and volume shifts after the carve-out of FedEx Freight, which now reports independently and forecasts up to 6 percent revenue growth for the rest of 2026.MarketScreener overview of FedEx Freight Holding

Analysts digest Freight spin-off and guidance

With FedEx Freight now listed separately on the NYSE under ticker FDXF and included in the S&P 500, several houses have updated their views on the freight unit and, by extension, the parent company’s profile.MarketScreener overview of FedEx Freight Holding BofA Securities recently adjusted its price target on FedEx Freight to 187 dollars from 185 dollars while maintaining a Buy rating, signaling confidence in freight earnings power post spin-off.MarketScreener analyst action summary

BMO Capital has set its FedEx Freight target at 150 dollars, up from 140 dollars, with a Market Perform stance that suggests a more cautious view on valuation after the strong debut earlier in June.MarketScreener analyst action summary For FedEx Corp itself, consensus estimates compiled by Zacks show the company comfortably ahead of earnings forecasts this quarter, yet investors still weigh FY2027 guidance tweaks and the impact of new capital allocation steps, including a 4.15 billion dollar debt buyback program announced by FedEx.MarketScreener news on FedEx debt buyback

The business behind the stock

FedEx Corp generates its revenue primarily by moving parcels, freight and documents for business and consumer customers across the globe, with key operating units FedEx Express, FedEx Ground and FedEx Freight historically forming the backbone of its integrated logistics network.FedEx company information After the spin-off, FedEx Freight is now a separately listed holding company, while FedEx Corp retains express and ground operations and continues to market international shipping services under the FedEx brand.

Where the stock trades today

FedEx Corp shares (US31428X1063) last closed on June 26, 2026 on the NYSE at 318.53 dollars, and pre-market indications for June 29 show trading around 317 dollars according to Public.com, implying a modest decline of about 0.5 percent.Public.com pre-market quote for FedEx

FedEx Corp at a glance

• Company: FedEx Corp.
• ISIN: US31428X1063
• WKN: 912029
• Ticker: FDX
• Trading venue: NYSE
• Price (as of 2026-06-29, 04:30): 317.00 USD
• Market cap: 76.13 billion USD (as of 2026-06-26)
• Sector / industry: Transportation - Air Freight and Logistics
• Index membership: S&P 500
• Next earnings date: not officially scheduled

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any transaction. All data are based on sources believed to be reliable but cannot be guaranteed; prices and assessments may change without notice.