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

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Jun 25, 2026 at 03:23 PM

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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.

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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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.