---
title: "FedEx Freight reports Q4 revenue $2.4B, FY2026 operating income $616M; introduces July–Dec guidance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290876420.md"
description: "FedEx Freight reported Q4 revenue of $2.4 billion and FY2026 operating income of $616 million, with adjusted operating income of $363 million for the quarter. The company completed its spin-off from FedEx on June 1, 2026, becoming an independent public entity. It introduced standalone guidance for the transition period ending December 31, 2026, projecting revenue growth of 4%-6% and adjusted operating income between $605M-$645M."
datetime: "2026-06-25T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290876420.md)
  - [en](https://longbridge.com/en/news/290876420.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290876420.md)
---

# FedEx Freight reports Q4 revenue $2.4B, FY2026 operating income $616M; introduces July–Dec guidance

FedEx Freight reported fourth-quarter revenue of $2.4 billion and full fiscal 2026 revenue of $8.8 billion, with Q4 operating income of $158 million and FY2026 operating income of $616 million. The company noted adjusted operating income of $363 million for Q4 and $1,108 million for the full year, and introduced standalone guidance for the seven-month transition period ending December 31, 2026. FedEx Freight completed its spin-off and began trading as an independent company on June 1, 2026.

**Financial Highlights**

-   Revenue: $2.4 billion for the three months ended May 31, 2026; $8.8 billion for the twelve months ended May 31, 2026.
-   Operating income (GAAP): $158 million for Q4 FY2026; $616 million for FY2026.
-   Adjusted operating income (non-GAAP, excludes spin-off costs): $363 million for Q4 FY2026; $1,108 million for FY2026.
-   Operating margin (GAAP): 6.6% for Q4 FY2026 and 7.0% for FY2026; adjusted operating margin: 15.1% for Q4 and 12.6% for FY2026.
-   Transition-period (June 1–Dec 31, 2026) guidance: revenue growth of 4%–6% vs. $5.1 billion prior-year seven-month period; operating income $475M–$515M; adjusted operating income $605M–$645M; diluted EPS before MTM adjustments $1.75–$1.95 and $2.40–$2.60 after excluding spin-off costs.

**Business Highlights**

-   Completed spin-off from FedEx and began independent public-company trading on June 1, 2026, with a new fiscal year-end of December 31 effective June 1, 2026.
-   Reported record-low Department of Transportation (DOT) preventable accident performance, emphasizing safety initiatives.
-   Operational drivers in Q4 included higher weight per shipment and favorable fuel surcharges offset by lower average daily shipments (86.7k, down 5.9%).
-   Management emphasized service differentiation, network scale (nearly 30,000 vehicles and over 365 locations) and investments in cost management and capital deployment as priorities for independent operations.
-   Introduced standalone transition-period assumptions including interest expense (~$135 million) and an assumed share count of 149.5 million for EPS guidance.

Original SEC Filing: FedEx Freight Holding Company, Inc. \[ FDXF \] - 8-K - Jun. 25, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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