FedEx Completes Spin-Off, Secures 5 Trillion Won in Cash for Aggressive Investments and Share Buybacks

FedEx Corp. (NYSE: FDX) reported year-over-year growth in both revenue and earnings in its Form 8-K filing for the fourth quarter and full year of fiscal 2026. On June 1, the company completed a tax-free spin-off of its freight division, FedEx Freight, into a separately listed entity, and received approximately $4.1 billion (about ₩5.5 trillion) in cash dividends from the new company. For calendar 2026, FedEx projects roughly 11% revenue growth and earnings per share of $16.55 to $17.75, or $16.90 to $18.10 on an adjusted basis. It also plans about $3.9 billion (around ₩5.3 trillion) in capital expenditures and up to $1 billion in additional share repurchases.

Market analysts say the spin-off establishes FedEx Freight as the largest pure-play carrier in North America’s less-than-truckload and intermodal freight market, now trading independently on the New York Stock Exchange under the ticker FDXF. Existing FedEx shareholders received shares of the new company in proportion to their current holdings.

Headquartered in the United States, FedEx is a global transportation and logistics provider operating an integrated network of express air delivery, ground parcel services, and e-commerce logistics. Given the industry’s sensitivity to global economic conditions, trade volumes, and e-commerce demand, network efficiency and cost-structure improvements are expected to remain key performance drivers following the Freight spin-off.