--- title: "FedEx | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 23.47 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/270210247.md" datetime: "2025-12-18T21:20:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270210247.md) - [en](https://longbridge.com/en/news/270210247.md) - [zh-HK](https://longbridge.com/zh-HK/news/270210247.md) generator: "portal-rs" --- # FedEx | 10-Q: FY2026 Q2 Revenue Beats Estimate at USD 23.47 B Revenue: As of FY2026 Q2, the actual value is USD 23.47 B, beating the estimate of USD 22.8 B. EPS: As of FY2026 Q2, the actual value is USD 4.04, beating the estimate of USD 3.8339. EBIT: As of FY2026 Q2, the actual value is USD 1.424 B. ### Federal Express Segment #### Revenue - **Total Revenue**: $20,433 million for the three months ended November 30, 2025, compared to $18,841 million for the same period in 2024, an increase of 8%. - **Total Revenue**: $39,549 million for the six months ended November 30, 2025, compared to $37,146 million for the same period in 2024, an increase of 6%. #### Operating Expenses - **Salaries and Employee Benefits**: $6,824 million for the three months ended November 30, 2025, compared to $6,329 million for the same period in 2024, an increase of 8%. - **Purchased Transportation**: $5,480 million for the three months ended November 30, 2025, compared to $5,067 million for the same period in 2024, an increase of 8%. - **Rentals and Landing Fees**: $1,028 million for the three months ended November 30, 2025, compared to $987 million for the same period in 2024, an increase of 4%. - **Depreciation and Amortization**: $931 million for the three months ended November 30, 2025, compared to $918 million for the same period in 2024, an increase of 1%. - **Fuel**: $779 million for the three months ended November 30, 2025, compared to $835 million for the same period in 2024, a decrease of 7%. - **Maintenance and Repairs**: $773 million for the three months ended November 30, 2025, compared to $715 million for the same period in 2024, an increase of 8%. - **Other**: $3,271 million for the three months ended November 30, 2025, compared to $2,937 million for the same period in 2024, an increase of 11%. - **Total Operating Expenses**: $18,882 million for the three months ended November 30, 2025, compared to $17,789 million for the same period in 2024, an increase of 6%. #### Operating Income - **Operating Income**: $1,551 million for the three months ended November 30, 2025, compared to $1,052 million for the same period in 2024, an increase of 47%. - **Operating Margin**: 7.6% for the three months ended November 30, 2025, compared to 5.6% for the same period in 2024, an increase of 200 basis points. ### FedEx Freight Segment #### Revenue - **Total Revenue**: $2,139 million for the three months ended November 30, 2025, compared to $2,177 million for the same period in 2024, a decrease of 2%. - **Total Revenue**: $4,396 million for the six months ended November 30, 2025, compared to $4,506 million for the same period in 2024, a decrease of 2%. #### Operating Expenses - **Salaries and Employee Benefits**: $983 million for the three months ended November 30, 2025, compared to $976 million for the same period in 2024, an increase of 1%. - **Purchased Transportation**: $197 million for the three months ended November 30, 2025, compared to $197 million for the same period in 2024, no change. - **Rentals**: $76 million for the three months ended November 30, 2025, compared to $72 million for the same period in 2024, an increase of 6%. - **Depreciation and Amortization**: $113 million for the three months ended November 30, 2025, compared to $112 million for the same period in 2024, an increase of 1%. - **Fuel**: $110 million for the three months ended November 30, 2025, compared to $111 million for the same period in 2024, a decrease of 1%. - **Maintenance and Repairs**: $89 million for the three months ended November 30, 2025, compared to $88 million for the same period in 2024, an increase of 1%. - **Other**: $176 million for the three months ended November 30, 2025, compared to $166 million for the same period in 2024, an increase of 6%. - **Total Operating Expenses**: $2,049 million for the three months ended November 30, 2025, compared to $1,865 million for the same period in 2024, an increase of 10%. #### Operating Income - **Operating Income**: $90 million for the three months ended November 30, 2025, compared to $312 million for the same period in 2024, a decrease of 71%. - **Operating Margin**: 4.2% for the three months ended November 30, 2025, compared to 14.3% for the same period in 2024, a decrease of 1010 basis points. ### Outlook - **Revenue Growth**: Expected to continue into the second half of 2026, driven by U.S. Domestic service offerings. - **International Revenue**: Expected to remain constrained due to the uncertain trade and geopolitical environment. - **Capital Expenditures**: Expected to be approximately $4.5 billion for 2026, driven by investment in Network 2.0 initiatives and modernization efforts. ### Related Stocks - [FDX.US](https://longbridge.com/en/quote/FDX.US.md) ## Related News & Research - [Hornbeck Offshore Services (NYSE:HOS) Upgraded to Buy at Wall Street Zen](https://longbridge.com/en/news/303846753.md) - [Nextpower Inc (NXT) Gets a Buy from Wells Fargo](https://longbridge.com/en/news/303840692.md) - [Chainlink Launches CustodySync With Anchorage to Link Custody and DeFi Loans](https://longbridge.com/en/news/303841318.md) - [Further Asset Management Taps Chainlink ACE for Abu Dhabi Compliance Platform](https://longbridge.com/en/news/303842407.md) - [HMRC coming for footballers and will scour Instagram for tax intel](https://longbridge.com/en/news/303846685.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**