Fedex Freight

Q4 FY2026 EarningsQ4 FY26 revenue grew 4.8% YoY to $2.4B, though full-year revenue fell 1.1% to $8.8B. Operating income dropped 66.9% YoY to $158M (margin 6.6%) due to $205M in spin-off costs; adjusted operating margin stood at 15.1%. Average daily shipments declined 5.9%, offset by an 11.5% increase in revenue per shipment. For the transition period ending Dec 31, 2026, the company forecasts revenue growth of 4% to 6% and adjusted EPS of $2.40 to $2.60.