FedEx (FDX) Q3 2026 (USD): Adj. EPS 5.25 (exp. 4.11), Revenue 24.0bln (exp. 23.48bln)

• Q3 net income includes a tax benefit of 99mln (0.41 per diluted share) from the recognition of certain foreign tax loss carryforwards

• FY adj. EPS 19.30-20.10 (exp. 18.68, prev. 17.80-19.00).
• FY capital spending of no more than 4.1bln.
• FY revenue growth 6.0% to 6.5% (prev. 5-6%).
• Sees permanent cost reductions of more than 1bln in transformation-related savings in fiscal 2026.

FedEx reported a significant Q3 earnings beat with an adjusted EPS of 5.25, well above expectations of 4.11, alongside strong revenue growth that also exceeded forecasts. This robust performance suggests the company is effectively managing costs and benefiting from operational efficiencies, and the upbeat FY guidance reflects confidence in sustained growth. The market will likely view this positively, potentially adding upward pressure on FedEx shares and affecting sentiment in the air freight and logistics sector.