FedEx (NYSE:FDX) Releases FY 2026 Earnings Guidance

FedEx (NYSE:FDX) 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 Stock Performance

FedEx stock traded up $3.55 during trading on Thursday, reaching $376.98. The company had a trading volume of 1,614,331 shares, compared to its average volume of 1,967,096. FedEx has a 52 week low of $199.85 and a 52 week high of $392.86. The firm’s 50-day simple moving average is $363.59 and its 200 day simple moving average is $303.07. The firm has a market capitalization of $89.95 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth 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.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders 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 dividend yield of 1.5%. FedEx’s dividend payout ratio is 30.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FDX shares. Raymond James Financial increased their price objective 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. Royal Bank Of Canada cut shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Morgan Stanley increased their price objective on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research note on Friday, March 20th. Stifel Nicolaus increased their price objective on shares of FedEx from $412.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Sanford C. Bernstein upped their price target on 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $397.38.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx raised its FY2026 guidance — EPS of 19.300–20.100 vs. consensus 18.630 and revenue guidance of $93.2B–$93.6B vs. consensus $92.8B. The beat on both EPS and revenue improves forward earnings visibility and underpins the stock’s strength.
• Positive Sentiment: Sanford C. Bernstein raised its price target to $470 and kept an “outperform” rating, signaling strong sell?side conviction on upside to the stock. Bernstein Adjusts Price Target on FedEx to $470
• Positive Sentiment: FedEx reached a tentative wage deal with its pilots, removing a major labor overhang and potential disruption risk — investors typically treat resolved labor disputes as a positive despite higher labor costs. FedEx Reaches Tentative Wage Deal with Pilots
• Positive Sentiment: FedEx Freight previewed standalone targets (up to ~12% operating profit growth / ~10–12% profit goal) and held an investor day ahead of its June spinoff — clearer spinoff economics can unlock value for FDX shareholders. FedEx Freight Investor Day / Spinoff Outlook
• Positive Sentiment: Argus/other analysts reiterated bullish views (buy/outperform calls), supporting demand for shares ahead of the spinoff and after updated guidance. Argus Sticks to Buy Rating for FedEx
• Neutral Sentiment: JPMorgan reiterated a “neutral” rating on FDX — maintains balanced stance from a large sell?side shop. JPMorgan Reaffirms Neutral on FedEx
• Neutral Sentiment: Wolfe Research trimmed its price target slightly (to $423) but kept an “outperform” view — small estimate tweaks versus stronger guidance keep this impact muted. Wolfe Research Lowers FedEx PT Slightly
• Neutral Sentiment: Coverage/features (Zacks, Momentum pieces) highlight FDX as a momentum name — helpful for inflows but not a direct fundamental change. Zacks: Why FedEx Is a Strong Momentum Stock
• Neutral Sentiment: FedEx filed suit against a law firm over alleged staged crashes — legal action could curb fraudulent claims exposure but outcome/timing are uncertain. FedEx Sues Law Firm Over Alleged Staged Crashes
• Neutral Sentiment: Operational network changes continue — FedEx will close the Plattsburgh facility as part of Network 2.0 consolidation; efficiency gains may follow but localized impacts are mixed. FedEx to Close Plattsburgh Facility
• Neutral Sentiment: Market drivers — a temporary easing of geopolitical shipping risk (Strait of Hormuz) has been cited as a short?term catalyst for logistics stocks, including FDX. Why FedEx Stock Is Trading Up Today
• Negative Sentiment: Competitive risk: Amazon’s expanded USPS delivery pact raises long?term uncertainty for parcel volumes tied to e?commerce — a structural headwind if Amazon shifts more volume away from private carriers. Amazon-USPS Delivery Pact Poses Questions for FedEx

Institutional Investors Weigh In On FedEx

A number of hedge funds have recently made changes to their positions in FDX. Boston Partners purchased a new stake in shares of FedEx in the third quarter worth about $468,195,000. AQR Capital Management LLC lifted its position in shares of FedEx by 169.2% in the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after buying an additional 1,718,278 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of FedEx by 3,211.5% in the third quarter. Two Sigma Investments LP now owns 549,306 shares of the shipping service provider’s stock worth $129,532,000 after buying an additional 532,718 shares in the last quarter. State Street Corp lifted its position in shares of FedEx by 4.2% in the fourth quarter. State Street Corp now owns 9,521,691 shares of the shipping service provider’s stock worth $2,763,824,000 after buying an additional 382,848 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of FedEx by 228.6% in the fourth quarter. Corient Private Wealth LLC now owns 312,725 shares of the shipping service provider’s stock worth $90,334,000 after buying an additional 217,565 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

About FedEx

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.