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FedEx FY2026 Q3 earnings call transcript published; adjusted EPS outlook rises to $19.30-$20.10

Reuters
Yesterday
FedEx FY2026 Q3 earnings call transcript published; adjusted EPS outlook rises to $19.30-$20.10
  • FedEx discussed results from its third-quarter earnings conference call attended by CEO Raj Subramaniam, Chief Customer Officer Brie Carere, CFO John Dietrich, and FedEx Freight CEO John Smith with Freight CFO Marshall Witt participating in Q&A.
  • Management raised its adjusted earnings outlook to USD 19.30 to USD 20.10 per diluted share and said the planned spin-off of FedEx Freight on June 1 remains on track.
  • Dietrich said the MD-11 fleet grounding reduced adjusted operating income by USD 120 million in the quarter and is expected to be a further headwind of up to USD 55 million in the fourth quarter.
  • Subramaniam said FedEx reduced Trans-Pacific outbound capacity by about 15% for purple-tail aircraft and 25% for white-tail aircraft, while assuming broader global demand trends continue into the fourth quarter.
  • Witt said FedEx Freight incurred about USD 60 million in separation-related costs that were not adjusted out, and Smith said Freight’s fuel surcharge is typically a net positive above its fuel cost.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FedEx Corporation published the original content used to generate this news brief on March 26, 2026, and is solely responsible for the information contained therein.

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