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FedEx Corp. reported a US$25 billion revenue for its fourth quarter ended May 31, a 13.6% increase from $22 billion in the same period last year
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The company said the strong performance for the quarter reflects continued growth in both domestic and international package yields, savings from transformation initiatives, and higher US domestic and international export package volume
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The latest quarterly results would be the last to include the freight business as FedEx Freight’s spin-off into a new publicly traded company was finalized on June 1, 2026
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For the full fiscal year, FedEx Corporation recorded a 7.7% revenue hike to $94.7 billion from $87.9 billion
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The global courier and delivery service firm is adjusting its fiscal calendar with a change in fiscal year end to December 31 for the period beginning June 1, 2026
FedEx Corp. reported a US$25 billion revenue for its fourth quarter ended May 31, a 13.6% increase from $22 billion in the same period last year.
In a statement released last week, the United States-headquartered company said the strong performance for the quarter reflects continued growth in both domestic and international package yields, savings from transformation initiatives, and higher US domestic and international export package volume.
“Team FedEx delivered an impressive finish to a strong fiscal year, providing excellent service to our customers and successfully executing on our transformation initiatives,” said Raj Subramaniam, FedEx Corp. president and chief executive officer.
“Our profitable growth strategy is working. We are building momentum across our global industrial network, driving structural improvements and winning in high-value growth markets. With the successful spin-off of FedEx Freight, we are entering this next chapter positioned to grow while further optimizing our network, lowering our cost to serve, creating meaningful long-term value, and driving robust free cash flow.”
The latest quarterly results would be the last to include the freight business.
FedEx Freight’s spin-off into a new publicly traded company was finalized on June 1, 2026. The new firm paid a cash dividend of about $4.1 billion to FedEx Corporation from the proceeds of the $3.7 billion senior notes offering completed in February 2026 and borrowings under its delayed-draw term loan facility.
Fiscal calendar change
The global courier and delivery service firm is adjusting its fiscal calendar after its board of directors approved in January 2025 a change in fiscal year end to December 31 for the period beginning June 1, 2026.
For the full fiscal year, FedEx Corporation recorded a 7.7% revenue hike to $94.7 billion from $87.9 billion.
This reflects lower structural costs as the company exceeded its goal of $1 billion of transformation-related cost savings during the year.
Capital spending for fiscal 2026 ending May 31 totaled $3.8 billion, a decrease of $246 million, or 6%, compared with fiscal 2025. Capital spending as a percentage of revenue declined to 4%, the lowest annual level in FedEx Corporation history.
“For calendar 2026, FedEx remains committed to returning capital to stockholders, including the previously announced 5% increase in the annual dividend on its common stock, after adjusting for the FedEx Freight spin-off,” the company said.
“As we look ahead, continued revenue and earnings growth momentum in our transition year positions us to unlock significant stockholder value through a resolute focus on driving unprecedented free cash flow growth,” said Claude Russ, FedEx Corp. enterprise vice president, finance and interim chief financial officer.
