Every 10-Q that FedEx Corporation (FDX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FDX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FDX filings page.
FedEx Corporation reported higher revenue and profit for the quarter and nine months ended February 28, 2026, while absorbing sizable separation and restructuring costs. Quarterly revenue rose to $24.0 billion from $22.2 billion, with net income increasing to $1.1 billion from $909 million. Diluted earnings per share grew to $4.41 from $3.76, helped by stronger U.S. domestic and international priority package yields and higher U.S. package volume.
For the nine-month period, revenue increased to $69.7 billion from $65.7 billion, and diluted EPS rose to $11.91 from $9.99. The Federal Express segment drove most of the improvement, while FedEx Freight’s operating income fell sharply as softer freight demand and macroeconomic weakness pressured volumes.
FedEx incurred $460 million of separation and other costs year-to-date tied to the planned spin-off of FedEx Freight and a fiscal year-end change, plus $162 million of business optimization expenses, though optimization costs were much lower than the prior year. Operating cash flow strengthened to $5.66 billion, supporting $2.34 billion in capital expenditures and $776 million of share repurchases. The company also highlighted ongoing global trade policy uncertainty, MD‑11 fleet inspection impacts, inflation, and new tariff-related legal actions as important external factors.
FedEx Corporation reported stronger results for the quarter ended November 30, 2025. Revenue rose to $23,469 million from $21,967 million, while net income increased to $956 million from $741 million, lifting diluted EPS to $4.04 from $3.03. The Federal Express segment drove most of the growth; FedEx Freight’s operating income declined to $90 million from $312 million on slightly lower revenue.
For the first six months, revenue reached $45,713 million and net income $1,780 million, supported by cash from operating activities of $3,667 million versus $2,505 million a year ago. FedEx spent $1,380 million on capital expenditures, repurchased $776 million of stock, paid dividends of $687 million, and issued €850 million of new notes while keeping its debt-to-adjusted EBITDA ratio at 1.9.
The company is incurring separation costs for the planned spin-off of FedEx Freight, expected to be completed by June 1, 2026, and for a fiscal year-end change effective the same date. Business optimization spending declined year over year as the Europe workforce reduction plan, affecting approximately 1,400 employees and expected to deliver approximately $150 million in annualized savings from calendar 2026, neared completion. FedEx’s Network 2.0 program had been implemented in approximately 355 locations by November 30, 2025, with Canada finished and U.S. implementation expected by the end of calendar 2027.
FedEx (FDX) reported first-quarter fiscal 2026 interim results and disclosures focused on transformation, liquidity, and capital allocation. Management recorded $67 million of business optimization costs in Q1 (vs. $128 million a year earlier) and $43 million of costs related to the planned spin-off of FedEx Freight. The company repurchased $500 million of common stock and declared a quarterly dividend of $1.45 per share. Gross contract assets for in-transit shipments were $645 million and contract assets net of deferred revenue were $536 million. Long-term debt carrying value was $20.4 billion with an annualized weighted-average interest rate of 3.6% and a debt-to-adjusted-EBITDA ratio of 1.9. FedEx expects ~$150 million annualized savings from a European workforce reduction beginning 2026, with estimated pre-tax charges of $250 million. 2026 capital expenditures are expected to be approximately $4.5 billion, with aircraft spend ~$1.0 billion. The company issued 850 million of euro-denominated notes in July 2025 and maintained investment-grade ratings with stable outlooks.