FedEx posts strong earnings results in last quarter with freight business

A FedEx delivery van on May 27,2026 in London, England. Peter Dazeley | Getty Images FedEx on Tuesday reported earnings that beat Wall Street expectations on the top and bottom lines. The earnings report marked the last quarter that includes the company's freight business, which spun off into a separate publicly traded company called FedEx Freight on June 1. The company said FedEx Freight paid a cash dividend of roughly $4.1 billion to FedEx Corporation in connection with the spinoff. Shares of FedEx dipped roughly 4% in extended trading. Here's how the company performed in its fiscal fourth quarter compared with what analysts were expecting, according to a survey by LSEG: Earnings per share: $6.31 adjusted vs. $5.96 expected Revenue: $25.01 billion vs. $24.04 billion expected For the period ended May 31, FedEx reported FedEx Express revenue of $21.57 billion, beating StreetAccount estimates of $20.75 billion. The company reported a 3% year-over-year increase in domestic volume and a 3% increase in U.S. priority volume. In the fourth fiscal quarter, FedEx reported net income of $1.6 billion, or $6.60 per share, compared with $1.65 billion, or $6.88 per share, in the year-ago period. Adjusting for one-time costs, including the spin-off and retirement plan adjustments, the company reported earnings per share of $6.31. For the full fiscal year, FedEx reported revenue of $94.7 billion, up from $87.9 billion the year prior. …