Key facts
- FedEx expects 2026 adjusted profit between $18 and $18.60 per share.
- Third-quarter adjusted profit rose to $3.74 per share from $2.93 a year earlier.
FedEx Corp. forecast annual profit above estimates on Wednesday, reporting a 28% rise in third-quarter earnings, driven by improved pricing, higher volumes, and cost-saving efforts. The company expects 2026 adjusted profit in the range of $18-$18.60 per share, exceeding analysts' expectations of $17.73 per share. FedEx reported third-quarter adjusted profit of $3.74 per share, up from $2.93 per share the previous year. The results were partly offset by costs related to additional transportation, increased employee wages, and changing US tariff policies.