FedEx Revenue Climbs 8.3% to $24 Billion in Q3 FY2026

FedEx Corporation (NYSE: FDX), a global package delivery and logistics company, reported revenue of $24 billion for the three months ending February 28, 2026, an increase of 8.3% from $22.16 billion in the same quarter a year earlier. Net income rose 16.2% to $1.06 billion from $909 million in the prior-year quarter. Read more earnings reports.

For the nine months ending February 28, 2026, FedEx posted revenue of $69.71 billion, up 6.1% from $65.71 billion in the comparable period of fiscal 2025. Nine-month net income reached $2.84 billion, compared with $2.44 billion a year earlier, a gain of 16%.

Operating income for the December-to-February quarter totaled $1.35 billion, up from $1.29 billion in the year-ago period. For the nine-month period, operating income was $3.91 billion versus $3.42 billion in fiscal 2025.

The company's Express segment generated $21.15 billion in revenue for the third quarter, up from $19.18 billion in the prior year. Ground revenue reached $1.99 billion compared with $2.09 billion, while Freight revenue totaled $855 million versus $890 million.

Labor and related expenses climbed to $8.82 billion in the quarter from $7.88 billion a year earlier. For the nine-month period, labor costs totaled $25.28 billion compared with $23.54 billion.

FedEx reported cash from operations of $5.66 billion for the nine months ending February 28, 2026, up from $4.52 billion in the same period of fiscal 2025. Cash used in investing activities totaled $2.44 billion, down from $2.66 billion. Cash from financing activities was $2.88 billion, reversing a $3.17 billion cash outflow in the prior-year period.

The company's cash and cash equivalents stood at $8.01 billion as of February 28, 2026, up from $5.50 billion at the end of fiscal 2025 on May 31. Total assets reached $94.73 billion compared with $87.63 billion at the prior fiscal year-end.

Stockholders' equity was $29.80 billion as of February 28, 2026, compared with $28.07 billion on May 31, 2025. The company had 238.6 million shares outstanding as of the quarter end.

Diluted earnings per share for the third quarter were $4.41, up from $3.76 in the year-ago quarter. For the nine-month period, diluted EPS reached $11.91 versus $9.99 in fiscal 2025.