Recent Updates — FDX
FedEx reported third-quarter revenue of $22.9 billion, a 12% increase from the prior year period, driven by higher package volumes and yields. Adjusted diluted earnings per share were $3.74, compared to $2.93 in the previous year. The company completed the sale of FedEx Supply Chain for approximately $1.4 billion and utilized proceeds from a $4.1 billion dividend received from its FedEx Freight spin-off to repurchase $4.9 billion in debt securities, generating a pre-tax gain of $627 million. Additionally, FedEx executed $2.0 billion in share buybacks during the quarter. Management raised its full-year adjusted diluted EPS forecast to $18.00–$18.60 from the previous range of $16.90–$18.10. The company operates a global transportation and e-commerce network providing integrated business solutions.
FedEx Corporation filed a Form 8-K to provide supplemental historical financial information for the calendar quarters ended March 31 and June 30, 2026. The filing reflects the company's change in fiscal year end from May 31 to December 31, effective June 1, 2026, and the presentation of the FedEx Freight business as discontinued operations following its spin-off on that date. For the second quarter, FedEx reported diluted earnings per share of $25.28, driven by a $4.5 billion gain on its retained investment in FedEx Freight. The company also realigned its reporting structure into two new segments: Express U.S. Domestic and Express International. FedEx operates in the global logistics and transportation industry.
FedEx Corporation announced the appointment of Jamere Jackson as Executive Vice President and Chief Financial Officer, effective November 30, 2026. Jackson succeeds Claude F. Russ, who has served as Interim CFO since June 1. Jackson previously held CFO roles at AutoZone, Hertz Global Holdings, and Nielsen Holdings. His compensation includes a $1 million base salary, a $2 million signing bonus, and significant equity awards valued at over $5 million to compensate for forfeited prior equity. FedEx Corp. provides customers and businesses worldwide with transportation, ecommerce, and business services.
FedEx Corporation issued €1.1 billion of 4.000% Notes due 2030, €900 million of 4.625% Notes due 2034, and $1.1 billion of 5.750% Notes due 2036 through separate underwriting agreements dated September 9, 2026. The offerings were consummated on September 14, 2026, with proceeds intended for general corporate purposes. This significant debt issuance alters the company's capital structure and interest obligations. FedEx Corporation operates in the global logistics and transportation industry.
FedEx Corporation's Board of Directors approved an Executive Severance Plan to govern future executive officer separations, replacing Management Retention Agreements. The plan includes lump sum cash payments based on a multiplier (2x for CEO, 1.5x for long-term employees, and 1x for others) of base salary and target bonus, plus prorated bonuses and COBRA premiums. Additionally, the Board established a one-time special cash bonus pool for approximately 1,100 employees to recognize transformation results, including $1 billion in cost savings. FedEx Corporation is a global logistics and transportation company providing delivery and shipping services.