---
title: "FedEx | 8-K: FY2027 Q2 Revenue: USD 22.86 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303450661.md"
datetime: "2026-10-28T20:27:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303450661.md)
  - [en](https://longbridge.com/en/news/303450661.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303450661.md)
generator: "portal-rs"
---

# FedEx | 8-K: FY2027 Q2 Revenue: USD 22.86 B

Revenue: As of FY2027 Q2, the actual value is USD 22.86 B, compared to the market estimate of USD 23.07 B.

EPS: As of FY2027 Q2, the actual value is USD 1.21, compared to the market estimate of USD 5.1283.

EBIT: As of FY2027 Q2, the actual value is USD 1.133 B.

### Consolidated Financial Performance (Three Months Ended September 30)

#### Operating Income

-   **GAAP Operating Income**: FedEx Corporation reported $1.07 billion for the three months ended September 30, 2026, an increase of 10% from $0.97 billion in the same period of 2025 .
-   **Adjusted Operating Income (non-GAAP)**: This was $1.20 billion in 2026, up from $1.03 billion in 2025 .

#### Operating Margin

-   **GAAP Operating Margin**: This was 4.7% in 2026, compared to 4.8% in 2025 .
-   **Adjusted Operating Margin (non-GAAP)**: This was 5.3% in 2026, an increase from 5.1% in 2025 .

#### Net Income

-   **GAAP Net Income**: This was $0.29 billion for the three months ended September 30, 2026, a decrease from $0.65 billion in the prior year period .
-   **Adjusted Net Income (non-GAAP)**: This was $0.90 billion in 2026, compared to $0.69 billion in 2025 .

#### Operating Costs

-   Total operating expenses for the three months ended September 30, 2026, were $21.788 billion, an increase of 12% from $19.460 billion in the prior year period .
-   **Key operating expense changes year-over-year include**:
    -   Purchased transportation increased by 19% to $6.455 billion in 2026 from $5.419 billion in 2025 .
    -   Fuel costs increased by 64% to $1.270 billion in 2026 from $0.774 billion in 2025 .
    -   Salaries and employee benefits rose by 5% to $7.434 billion in 2026 from $7.078 billion in 2025 .

### Segment Performance (Three Months Ended September 30, GAAP)

#### Express U.S. Domestic Segment

-   Operating income increased by 7% to $946 million in 2026 from $884 million in 2025 .
-   Operating margin was 6.4% in 2026, a decrease from 6.6% in 2025 .
-   Total revenue was $14.710 billion in 2026, up 10% from $13.392 billion in 2025 .

#### Express International Segment

-   Operating income increased by 15% to $220 million in 2026 from $192 million in 2025 .
-   Operating margin was 2.9% in 2026, a slight decrease from 3.0% in 2025 .
-   Total revenue was $7.465 billion in 2026, up 17% from $6.363 billion in 2025 .

### Cash Flow and Capital Returns (Nine Months Ended September 30)

-   Cash provided by operating activities was $7.448 billion in 2026, an increase from $6.638 billion in 2025 .
-   Cash used in investing activities was -$5.576 billion in 2026, compared to -$2.897 billion in 2025, primarily due to the purchase of an equity method investment of -$2.501 billion .
-   Cash used in financing activities was -$486 million in 2026, a decrease from -$2.413 billion in 2025 .
-   FedEx Corporation completed $2.0 billion in stock repurchases during June through September 2026 .
-   Cash on-hand as of September 30, 2026, was $8 billion .

### Unique Metrics & Business Developments

-   FedEx Corporation completed the spin-off of FedEx Freight on June 1, 2026, retaining a 19.9% ownership interest and recognizing a loss of -$1.2 billion on the income statement within “Gain/(loss) on short-term investment” . The carrying value of this equity security was $3.3 billion at September 30, 2026 .
-   The company utilized cash proceeds from a $4.1 billion dividend from FedEx Freight to fund cash tender offers for approximately $4.9 billion of outstanding debt securities, resulting in a non-GAAP, pre-tax gain of $627 million .
-   On October 1, 2026, FedEx Corporation completed the sale of its subsidiary FedEx Supply Chain for approximately $1.4 billion .
-   Effective January 4, 2027, FedEx parcel shipping rates will increase by an average of 5.9% .

### Outlook / Guidance (Calendar Year 2026)

FedEx Corporation has revised its calendar year 2026 forecast, now expecting revenue growth of approximately 12% year-over-year, an increase from the prior forecast of 11% . The adjusted diluted EPS is projected to be between $18.00 and $18.60, up from the previous forecast of $16.90 to $18.10 per diluted share . Capital spending is expected to remain unchanged at $3.9 billion, prioritizing network optimization and efficiency improvements .

### Related Stocks

- [FDX.US](https://longbridge.com/en/quote/FDX.US.md)

## Related News & Research

- [FedEx (NYSE:FDX) Releases FY 2026 Earnings Guidance](https://longbridge.com/en/news/303747901.md)
- [BUZZ-Street View: FedEx to face near-term cost pressures, brokerages say](https://longbridge.com/en/news/303570780.md)
- [FedEx Corporation $FDX Shares Sold by Generali Asset Management SPA SGR](https://longbridge.com/en/news/303698526.md)
- [FedEx Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call](https://longbridge.com/en/news/303397303.md)
- [FedEx lifts 2026 earnings outlook after seeing volume growth in the quarter](https://longbridge.com/en/news/303448739.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**