FedEx Posts First Earnings Since Freight Spin-Off Tuesday After the Bell
FedEx (FDX) reports Q4 FY2026 results Tuesday after market close — its first earnings since spinning off FedEx Freight on June 1. Consensus calls for EPS of ~$5.91 and revenue of ~$24.18B, with 21 analysts averaging a $412.45 price target.
FedEx (FDX) reports fiscal Q4 2026 results after the bell on June 23 — the company's first earnings since completing the spin-off of FedEx Freight on June 1.
- Report date: Tuesday, June 23, after market close
- Consensus: EPS ~$5.91, revenue ~$24.18B (Zacks)
- YoY: Q4 FY2025 EPS was $6.07, implying a ~2.6% YoY decline
- Spin-off: FedEx Freight (FDXF) completed its separation on June 1; FedEx retains a 19.9% stake
- Stock: FDX closed at $326.20 on June 22, near its 52-week high
FedEx (FDX) is set to report fiscal Q4 2026 results (quarter ended May) after the bell on June 23. Per TradingKey, this will be the company's first full earnings report since completing the spin-off of its freight business on June 1.[TradingKey]
What the Street Is Expecting
Per TradingKey citing Zacks, consensus for the quarter stands at:
- EPS: ~$5.91
- Revenue: ~$24.18B
- YoY: Q4 FY2025 EPS was $6.07, putting consensus roughly 2.6% below year-ago levels
Zacks' "Most Accurate Estimate" comes in at $6.13 — about $0.22 above the consensus — a gauge that analysts often watch as a signal of potential estimate drift ahead of the print.[Yahoo Finance / Zacks]
The Freight Spin-Off, By the Numbers
The spin-off is a key reason this report is drawing extra scrutiny. Per TradingKey:
- The separation closed June 1, 2026
- Legacy FDX shareholders received 1 share of FedEx Freight (FDXF) for every 2 FDX shares held
- FedEx retains a 19.9% stake in FDXF and plans to monetize it within 24 months
Network 2.0 Cost Push and Forward Estimates
Per TradingKey, FedEx's "Network 2.0" restructuring program is targeting more than $2B in permanent cost savings by 2029. As of Q3 FY2026, over 35% of eligible volume was already running through 400 Network 2.0 facilities.[TradingKey]
On the forward view, analyst estimates tracked by TradingKey peg FY2027 EPS at $22.04, up roughly 11.8% from the $19.78 expected for FY2026. These are Street estimates, not company guidance.
Stock Price and Analyst Ratings
FDX closed at $326.20 on June 22, near its 52-week high.[FX Leaders] Of the 21 analysts covering the stock per TradingKey, 17 rate it a Strong Buy, with an average price target of $412.45.[TradingKey]
Segment-level results, the post-spin accounting treatment, and management's formal FY2027 guidance will all be confirmed once the report drops after the bell on June 23. With this being the first print post-separation, how FedEx handles the comparability of prior-period figures is another item the market will be watching closely.
Sources
This content is for informational purposes only and does not constitute investment advice, trading advice, or any guarantee of returns.
