FedEx (NYSE:FDX) Releases FY 2026 Earnings Guidance

Key Points

• FedEx raised FY2026 guidance to EPS $19.30–$20.10 (consensus ~$18.63) and revenue guidance to $93.2–$93.6 billion (consensus ~$92.8B), a direct beat/raise that supports higher earnings expectations.
• The company struck a tentative wage deal with pilots and outlined standalone targets for FedEx Freight ahead of a planned spinoff, reducing strike risk and potentially unlocking shareholder value.
• Shares climbed about 1.1% to $377.66 on the news while analysts pushed up price targets (Sanford C. Bernstein to $470), leaving a consensus rating of "Moderate Buy" with a ~$397.38 target.

FedEx (NYSE:FDX - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 19.300-20.100 for the period, compared to the consensus estimate of 18.630. The company issued revenue guidance of $93.2 billion-$93.6 billion, compared to the consensus revenue estimate of $92.8 billion.

FedEx Trading Up 1.1%

Shares of FDX stock traded up $4.23 on Thursday, hitting $377.66. The stock had a trading volume of 859,434 shares, compared to its average volume of 1,955,214. FedEx has a twelve month low of $199.85 and a twelve month high of $392.86. The firm has a market cap of $90.11 billion, a P/E ratio of 20.10, a PEG ratio of 1.59 and a beta of 1.28. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $363.59 and a two-hundred day moving average price of $303.07.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 EPS. As a group, analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx's dividend payout ratio is presently 30.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDX. BMO Capital Markets upped their target price on shares of FedEx from $400.00 to $410.00 and gave the stock a "market perform" rating in a research note on Friday, March 20th. Raymond James Financial upped their target price on shares of FedEx from $305.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Evercore upped their target price on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Rothschild & Co Redburn upped their target price on shares of FedEx from $317.00 to $371.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 24th. Finally, Sanford C. Bernstein upped their target price on shares of FedEx from $457.00 to $470.00 and gave the stock an "outperform" rating in a research note on Thursday. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.38.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Management raised FY2026 guidance to $19.30–$20.10 EPS (consensus ~$18.63) and revenue guidance to $93.2–$93.6B (vs. consensus ~$92.8B) — a direct beat/raise that supports higher earnings expectations and justifies upward re-rating.
• Positive Sentiment: Sanford C. Bernstein raised its price target to $470 and kept an "outperform" rating, signaling strong buy-side conviction and adding upside to sentiment. Bernstein Adjusts Price Target
• Positive Sentiment: FedEx struck a tentative wage deal with its pilots after prolonged talks, removing a major operational and strike-risk overhang that had threatened capacity and costs. Reuters: Pilot Tentative Deal
• Positive Sentiment: FedEx Freight outlined standalone targets (operating-margin ambitions ~12%, mid-single-digit revenue growth) and held an investor day ahead of a June spinoff, which could unlock value and improve investor focus on core parcel operations. BusinessWire: Freight Investor Day
• Neutral Sentiment: Wolfe Research trimmed its price target modestly to $423 (from $427) but kept an "outperform" stance — a mild technical adjustment rather than a negative view on fundamentals. Wolfe Research PT Adjustment
• Neutral Sentiment: JPMorgan reaffirmed a "neutral" rating, reflecting mixed broker sentiment despite company-level positives. MarketScreener: JPMorgan Note
• Neutral Sentiment: FedEx sued a law firm over alleged staged crash lawsuits — a legal move that could curb fraudulent claims exposure but also signals ongoing litigation noise. Reuters: FedEx Sues Law Firm
• Neutral Sentiment: Short-term market sentiment was also aided by easing geopolitical shipping risks after reports of vessels transiting the Strait of Hormuz following a temporary ceasefire — a broader market tailwind rather than company-specific news. Yahoo: Strait of Hormuz Impact
• Negative Sentiment: Competitive risk: Amazon's large delivery pact with the U.S. Postal Service could divert significant e‑commerce volume away from private carriers like FedEx over time, pressuring parcel volumes and margin mix. Yahoo: Amazon-USPS Pact
• Negative Sentiment: Negative media/analyst takeaways and "avoid" pieces continue to circulate, highlighting risks (competition, costs) that could cap valuation upside despite recent beats. MSN: Reasons to Avoid FDX

Institutional Investors Weigh In On FedEx

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDX. Arete Wealth Advisors LLC raised its holdings in shares of FedEx by 1.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider's stock valued at $514,000 after purchasing an additional 30 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of FedEx by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 7,919 shares of the shipping service provider's stock valued at $2,287,000 after purchasing an additional 35 shares during the period. Berkshire Asset Management LLC PA raised its holdings in shares of FedEx by 2.2% in the 4th quarter. Berkshire Asset Management LLC PA now owns 1,741 shares of the shipping service provider's stock valued at $503,000 after purchasing an additional 37 shares during the period. Stonebridge Capital Advisors LLC raised its holdings in shares of FedEx by 4.1% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider's stock valued at $264,000 after purchasing an additional 46 shares during the period. Finally, Principal Securities Inc. raised its holdings in shares of FedEx by 0.6% in the 4th quarter. Principal Securities Inc. now owns 8,191 shares of the shipping service provider's stock valued at $2,366,000 after purchasing an additional 47 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.