FEDEX CORP 8K

FedEx Corp. reported strong Q4 and full-year fiscal 2026 results, completed the tax-free spin-off of FedEx Freight, and issued a detailed calendar 2026 financial outlook while implementing a fiscal year-end change to December 31.

FedEx Corp. filed a Form 8-K to furnish its fourth quarter and full-year fiscal 2026 earnings, reporting strong year-over-year revenue and earnings growth, disclosing detailed GAAP and non-GAAP results, and providing a calendar-year 2026 financial outlook, alongside the completion of the tax-free spin-off of FedEx Freight into a new publicly traded company on June 1, 2026 and the related $4.1 billion cash dividend to FedEx from the new Freight entity. The company highlighted improved adjusted operating income driven by higher U.S. domestic and international priority yields, cost reductions from transformation initiatives, and increased package volumes, while noting noncash aircraft impairment charges tied to fleet modernization. FedEx also described capital allocation actions including $3.8 billion in fiscal 2026 capex, approximately $2.2 billion returned to shareholders via dividends and buybacks, and an intention to repurchase up to $1 billion of shares in calendar 2026. Additionally, FedEx confirmed the previously approved change in its fiscal year-end from May 31 to December 31 effective June 1, 2026, explained key non-GAAP adjustments (MTM pension accounting, spin-off costs, business optimization, fiscal year-change costs, asset impairments, and certain legal/regulatory items), and set out CY 2026 targets of ~11% year-over-year revenue growth, GAAP diluted EPS from continuing operations of $16.55–$17.75 and adjusted EPS of $16.90–$18.10, an effective tax rate of ~23%, $475 million of pension contributions, and $3.9 billion of capital spending.

Filing Facts

CIK

1048911

Ticker

FDX

Form

8K

Source Type

sec

Accession

0001048911-26-000050

Alert Tier

8