Track market-moving stories before they get noisy

-

Enhanced digital capabilities help businesses improve shipment data, estimate costs, and address customs requirements earlier

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today introduced Global Trade Navigator, a suite of digital tools and capabilities designed to help businesses navigate the complexities of international shipping with greater confidence. The enhanced capabilities provide businesses with information and insights to better understand international shipping requirements, improve shipment information, and take action when customs requirements need attention.

Businesses of all sizes can experience different challenges when shipping internationally, from understanding duties and taxes to navigating customs requirements and shipment documentation. According to the 2026 FedEx Small Business Trade Index, 68% of small- and medium-sized businesses regularly see customers surprised by duties at delivery, while 60% report losing revenue through refunds or abandoned purchases. Global Trade Navigator is designed to move trade intelligence earlier in that journey, helping businesses make more informed shipping decisions and address issues before they become clearance problems. By addressing those challenges across planning, shipment preparation, checkout, and reporting, FedEx enables businesses to reduce the complexity of international shipping.

“International shipping requires businesses to make complex decisions long before a package begins its journey,” said Jason Brenner, senior vice president, digital portfolio, FedEx. “Building on decades of global trade expertise, Global Trade Navigator makes critical trade information and guidance more accessible to businesses as they grow internationally. The result is fewer surprises and a more predictable experience for businesses and consumers.”

These digital tools support customers ranging from small- and medium-sized businesses exploring international shipping for the first time to enterprises integrating trade information into established workflows.

Plan before shipping: New FedEx® Trade Planner will provide free, self-service guidance on fedex.com without requiring a login. Businesses can look up Harmonized System codes; estimated duties, taxes, and fees; and document recommendations before creating a shipping label. Improve shipment data: New FedEx Ship Manager® capabilities will allow customers to review product Harmonized System code classifications, customs values, and country of manufacture details. Increase cost transparency at checkout: New FedEx® Duty and Tax app on Shopify will enable merchants to display a duty and tax guarantee during checkout, providing customers with greater visibility into import costs before completing a purchase. Integrate trade insights: Available through the FedEx Developer Portal, Global Trade APIs allow businesses to integrate product classifications, estimated duties and taxes, and regulatory information into existing workflows. Manage clearance and reporting: Enhancements to the FedEx® Import Tool and FedEx® Reporting help customers view customs clearance activity, identify required actions, manage payments, and access global import and export data. These capabilities are part of the company’s continued investment in a more connected, intelligent international shipping experience that helps businesses navigate complexity and grow globally with confidence. You can learn more and access available tools at Global Trade Navigator.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $86 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 450,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

More News From FedEx Corp.

Back to Newsroom

GLP-1 Demand Is Creating a New Dividend Angle in These 4 Logistics StocksFedEx NYSE: FDX executives outlined how the company is using data, artificial intelligence and network integration to reduce costs, improve delivery precision and expand into supply-chain technology services during Citi’s TMT conference.

President and CEO Raj Subramaniam said the company remains focused on its previously stated calendar 2029 targets of modest revenue growth, double-digit earnings growth and $6 billion in free cash flow. He said FedEx is seeing underlying business momentum and is “well on our way” toward those objectives.

Get FedEx alerts:

Network transformation and cost reduction FedEx’s Earnings Drop May Be Missing the Bigger Freight StorySubramaniam said FedEx began a structural cost-reduction program in 2022 and has removed billions of dollars from its cost structure. The company has previously cited $4 billion in savings from its DRIVE program and another $2 billion associated with Network 2.0.

A central component of that transformation is combining what had been relatively independent U.S. Express and Ground networks. Subramaniam described the effort as one of the largest industrial transformations in recent history. FedEx was about 42% complete at the time of its last earnings call, he said, expects to reach 62% completion by year-end and remains on track to finish the work next year.

3 Stocks to Watch If the Strait of Hormuz ReopensTechnology has been essential to the effort, according to Subramaniam. He said the company’s development of a digital twin of its network has supported both cost savings and network integration while establishing a foundation for new customer services.

FedEx operates 700 aircraft, 200,000 trucks and 5,000 facilities, Subramaniam said. The company generates roughly 2 petabytes of data daily through a network that moves about $2 trillion of commerce annually.

AI applications target efficiency and service precision Vishal Talwar, FedEx’s executive vice president and chief digital and information officer, said the company views AI as still being in its early stages for logistics. FedEx is applying the technology internally to improve efficiency while also using it to differentiate services and create new revenue streams.

Among current applications, Talwar said AI has reduced aircraft-maintenance research time from 30 minutes to three minutes, representing an approximately 90% efficiency improvement. The company has also reduced its predictable delivery-time window to two hours from four hours, enabling parcels to be placed within two hours of their estimated arrival times.

FedEx is using computer vision to identify non-standard packages and recover surcharge revenue that otherwise could have been missed. Talwar said that initiative is already delivering annual benefits of more than tens of millions of dollars.

Subramaniam said small operational improvements can have outsized effects in an “inventory in motion” network. At the company’s Memphis hub, for example, FedEx has improved flight arrival time by eight minutes, which he characterized as a meaningful gain for operations.

Expanding into supply-chain visibility and orchestration FedEx executives said the company sees an opportunity to address inefficiencies across broader supply chains rather than only in transportation. Subramaniam estimated that global supply chains contain $1.9 trillion in inefficiency.

Talwar said customers in high-value business-to-business sectors including healthcare, automotive, aerospace, data centers and high technology are seeking visibility across sourcing, manufacturing, suppliers, inbound and outbound logistics. In healthcare, FedEx is helping medical-device manufacturers connect inventory and supplier insights with hospital systems, allowing customers to identify demand signals earlier and potentially rebalance inventory.

The company also offers SenseAware, a monitoring capability for high-value shipments that can track conditions such as temperature and surrounding weather. FedEx’s Surround capability provides package-location visibility. Talwar said 40% of FedEx healthcare customers use one of those two capabilities.

Through its DataWorks organization, formed roughly four or five years ago, FedEx is developing businesses around proprietary data insights, externalizing internal technology solutions and supply-chain orchestration. Talwar said the orchestration platform includes modules for inventory flow, supplier insights, demand management, forecasting and yard management.

FedEx has partnered with Dun & Bradstreet on a Retail Momentum Index that Subramaniam said provides a leading indicator for U.S. retail sales. He also said FedEx DataWorks recently announced a relationship with the U.S. Army to help orchestrate its supply chain.

Physical automation remains a focus FedEx is also pursuing physical AI for truck loading and unloading, two areas Subramaniam said remain difficult to automate because packages vary in size, shape and weight. The company expects to deploy robots for those tasks in Hagerstown, Maryland, before December, he said.

In addition, FedEx is working with Aurora on automated trucks for facility-to-facility highway routes. Subramaniam said autonomous driving is easier to deploy on highways, while human drivers can continue handling operations within facilities.

Looking ahead, Talwar said FedEx’s priority is to make supply chains more connected and predictive. He said the industry’s eventual shift from printed labels toward active, intelligent labels could create additional opportunities. Subramaniam said FedEx’s physical network and first-party data provide a competitive advantage as the company seeks to position itself as a platform that customers and partners can use to create additional value.

About FedEx (NYSE:FDX)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in FedEx Right Now?Before you consider FedEx, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.

While FedEx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Collaboration targets to enable the densest standard CMOS on-chip memory solution for the FDX platform widely used for advanced AI chips, by delivering 40% area shrink and up to 60% power reduction compared to commodity SRAM  | Source: GlobalFoundries Inc.

MALTA, N.Y. and PETA TIKVA, Israel, Sept. 02, 2026 (GLOBE NEWSWIRE) -- GlobalFoundries (GF) (Nasdaq: GFS) and RAAAM Memory Technologies, a pioneer in advanced on-chip memory solutions, today announced a strategic collaboration to develop and qualify Gain-Cell RAM (GCRAM) technology. The partnership has reached a major milestone with the successful tape-out of a GCRAM test vehicle on GF’s industry-leading FDX™ FD-SOI platform.

As edge AI, automotive, and IoT devices continue to demand unprecedented amounts of data, on-chip memory has become a critical bottleneck and often constitutes the majority of the silicon area. Designers are looking for innovative on-chip memory solutions offering higher-density and lower-power consumption compared to commodity SRAM.

Leveraging RAAAM’s patented GCRAM, the companies have co-designed the GCRAM bitcell using “pushed” design rules on FDX technology, achieving 40% memory area shrink and up to 60% memory power reduction compared to SRAM. The companies have jointly designed and taped out a GCRAM test chip. At the next step, the companies will start providing GCRAM design access to lead customers in early 2027.

“The successful tape-out of our GCRAM test vehicle on GF’s FDX platform is a testament to the powerful synergy between RAAAM's memory innovations and GlobalFoundries' manufacturing excellence,” said Robert Giterman, CEO and co-founder of RAAAM Memory Technologies. “Our GCRAM technology allows semiconductor companies to significantly increase their on-chip memory capacity or reduce the silicon area while keeping the same amount of on-chip memory, while the ultra-low leakage of FD-SOI technology extends data retention, enabling designers to unlock substantial energy savings for edge AI devices.”

“At GlobalFoundries, we are continuously pushing the boundaries of what is possible on our FDX platform and keep enhancing our IP offering to meet our customers’ needs,” said Sudipto Bose, vice president of FD-SOI product management at GlobalFoundries. “Partnering with RAAAM Memory Technologies allows us to offer our customers an incredibly compelling on-chip memory solution that redefines the power-performance-area (PPA) equation for advanced AI and other applications.”

The semiconductor ecosystem is already recognizing the potential of this joint development. NXP Semiconductors, a leader in intelligent systems at the edge, is closely evaluating the benefits of the GCRAM solution.

“The industry needs a paradigm shift in on-chip memory. The GCRAM solution developed by RAAAM and GF offers immense potential,” said Victor Wang, VP of front end innovation at NXP Semiconductors. “The projected area shrink and power reductions provide a clear path to increasing on-chip memory capacities, which is vital for reducing off-chip data movement and driving greater system-level efficiency.”

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors, enabling AI at scale from the cloud to the physical world. Through deep partnerships with customers, GF delivers differentiated, power-efficient and high-performance solutions for automotive, aerospace and defense, data center, smart mobile devices, internet of things and other high-growth markets. With global manufacturing operations across the U.S., Europe and Asia, GF is a trusted and holistic technology partner for customers around the world. GF’s talented, global team remains focused every day on security, longevity and sustainability.

For more information, visit www.gf.com.

About RAAAM Technologies

RAAAM Memory Technologies is a fabless semiconductor IP company providing the most cost-effective on-chip memory technology in the industry. RAAAM’s patented Gain-Cell RAM (GCRAM) technology provides up to 50% silicon area reduction and up to 3X reduced power consumption over traditional SRAM. GCRAM can serve as a drop-in SRAM replacement in SoCs and is fully compatible with standard CMOS fabrication flows, allowing designers to integrate more memory in a smaller die area with lower power consumption.

For more information, visit www.raaam-tech.com.

Media contact:
Stephanie Gonzalez
[email protected]

Management has done an excellent job preparing for the current macroeconomic headwinds.

*Stock prices used were the afternoon prices of Aug. 30, 2026. The video was published on Sept. 1, 2026.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends FedEx. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

FedEx Corporation earns a Buy rating, but not because FDX stock is cheap. The real story is a structural shift in margins, cash flow, and capital efficiency. The Freight spinoff is simplifying the business, while FedEx is pushing deeper into higher-value B2B and service-critical shipments instead of chasing low-quality volume. Network 2.0 could be the biggest earnings lever: FedEx is targeting roughly $2 billion in annual savings by 2027, with about 65% of eligible volume expected through optimized stations before that.

In June, FedEx (FDX -0.16%) spun off an 80.1% stake in FedEx Freight (FDXF +0.15%), marking the start of the delivery giant's divestiture of its less-than-truckload (LTL) freight segment. Since the spinoff, both stocks have gone in different directions.

While shares in FedEx Freight's former parent have largely remained in a narrow range during the summer, FedEx Freight shares initially experienced a big rally, only to give back those gains, and then some.

Investors at the time of the spinoff received one share of FedEx Freight for every two shares of FedEx. The question now is whether it's time to exit both transportation stocks, keep one and sell the other, or let them both ride, viewing them as top industrial stocks.

Image source: Getty Images.

Is FedEx transforming into a lean, mean, parcel-delivering machine? The spinoff isn't the only way FedEx has pivoted toward its core parcel delivery business. Last month, the company also announced the sale of its FedEx Supply Chain subsidiary. FedEx still owns 19.9% of FedEx Freight. It plans to divest the remaining stake either through exchanges of debt for common stock and/or by distributing them to shareholders.

Premium Feature

Moneyball Superscore

73/100

Today's Change

(

-0.16

%) $

-0.53

Current Price

$

330.88

Yet while FedEx still has skin in the game, management's focus now shifts toward executing its Network 2.0 strategic initiative. For customers, Network 2.0 represents a streamlining of FedEx's parcel pickup and delivery, but for shareholders, the main focus is the estimated $2 billion in structural cost savings.

Yet while long-term forecasts call for double-digit percentage earnings growth in 2027 and 2028, doubts remain. Fuel surcharges helped to mitigate the impact of soaring energy prices, but Amazon's move into the third-party logistics and shipping sector represents a major competitive threat to FedEx. Amazon is using tactics such as lower rates to gain market share.

Only time will tell whether Amazon affects FedEx's earnings growth, but keep in mind how success with Network 2.0 may already be baked into the stock's valuation. Right now, FedEx trades for 16 times forward earnings, a modest premium to rival UPS's forward multiple of about 14. For FedEx's efforts to translate into major gains in the stock, Network 2.0 needs to meet or exceed cost-reduction expectations. The company also needs to maximize customer retention amid the rising competition from Amazon.

Long-term FedEx investors may still want to sit tight. However, for anyone entering or adding to a position, you may want to wait for the next wave of turbulence.

FedEx Freight and its heavy "show me" discount As an LTL freight-hauling company, FedEx Freight competes with companies like Old Dominion Freight Line. LTLs ship partial truckloads of goods for smaller industrial customers over shorter distances. The big opportunity for FedEx Freight lies in its discounted valuation.

Today's Change

(

0.15

%) $

0.20

Current Price

$

133.45

Currently, FedEx Freight trades for about 25 times forward earnings. Competitor Old Dominion, on the other hand, trades for roughly 36 times forward earnings. Closing this valuation gap would mean major price appreciation for the stock.

However, don't expect FedEx Freight's valuation to rise simply because more investors are noticing this valuation discrepancy. It exists because Wall Street wants to see the company knock it out of the park in the coming quarters.

Much of this depends on the newly public company's execution, but external factors could also make or break the story. After softening, demand for LTL services is making a slow recovery. There's also the overhang of FedEx's eventual divestiture of its 19.9% stake. Depending on how quickly FedEx sells these shares, this could continue to weigh on FedEx Freight's performance.

Add in the fact that FedEx Freight also faces a competitive threat from Amazon, the key factor in the stock's initial post-rally pullback, and it's clear why Wall Street's staying in "show me" mode for now. Although a sentiment change would mean tremendous upside from current prices, consider waiting for concrete evidence that the situation is improving.

B. Metzler seel. Sohn & Co. AG acquired a new stake in FedEx Corporation (NYSE:FDX – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,074 shares of the shipping service provider’s stock, valued at approximately $5,660,000.

Other institutional investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new position in shares of FedEx in the 2nd quarter worth approximately $2,312,000. Oxford Financial Group LTD. LLC bought a new stake in FedEx during the second quarter valued at approximately $202,000. Advisors Capital Management LLC purchased a new stake in FedEx during the second quarter valued at approximately $741,000. PCM Encore LLC bought a new position in FedEx in the second quarter worth approximately $469,000. Finally, Vise Technologies Inc. bought a new position in FedEx in the second quarter worth approximately $3,921,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets In other news, Director Paul S. Walsh sold 5,042 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director owned 16,359 shares in the company, valued at $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes Several research firms recently weighed in on FDX. HSBC lowered their target price on FedEx from $360.00 to $289.89 and set a “hold” rating on the stock in a research report on Monday, June 1st. Raymond James Financial restated an “outperform” rating on shares of FedEx in a research report on Wednesday. Stephens raised FedEx to a “strong-buy” rating in a research note on Wednesday, July 8th. Rothschild & Co Redburn cut their price objective on FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, Sanford C. Bernstein set a $397.00 target price on shares of FedEx in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.54. Get Our Latest Report on FDX

FedEx Trading Down 0.3% Shares of NYSE:FDX opened at $325.03 on Friday. The company has a market capitalization of $76.92 billion, a PE ratio of 17.56, a P/E/G ratio of 1.68 and a beta of 1.30. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12-month low of $177.05 and a 12-month high of $345.36. The business’s fifty day simple moving average is $319.03 and its 200-day simple moving average is $351.53.

FedEx (NYSE:FDX – Get Free Report) last announced its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The company had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. As a group, equities research analysts predict that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx’s dividend payout ratio is presently 26.36%.

Key FedEx News Here are the key news stories impacting FedEx this week:

Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock? Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities About FedEx (Free Report)

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.

Featured Stories Five stocks we like better than FedEx Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

Advisors Capital Management LLC acquired a new stake in FedEx Corporation (NYSE:FDX – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,367 shares of the shipping service provider’s stock, valued at approximately $741,000.

Other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of FedEx during the 1st quarter valued at $25,000. Bayban acquired a new position in shares of FedEx in the first quarter worth about $26,000. EFG International AG purchased a new stake in FedEx during the 4th quarter worth approximately $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx in the 3rd quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC acquired a new position in FedEx during the 4th quarter worth $29,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Down 0.3% NYSE FDX opened at $325.03 on Friday. FedEx Corporation has a twelve month low of $177.05 and a twelve month high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a market cap of $76.92 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.68 and a beta of 1.30. The firm’s 50 day moving average price is $319.03 and its two-hundred day moving average price is $351.53.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. Equities analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year. FedEx Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Insiders Place Their Bets In other news, Director Paul S. Walsh sold 5,042 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the sale, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

Key Headlines Impacting FedEx Here are the key news stories impacting FedEx this week:

Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock? Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities Analyst Ratings Changes Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, May 27th. TD Cowen reduced their price objective on FedEx from $426.00 to $354.00 in a research note on Wednesday, June 24th. Stifel Nicolaus decreased their price objective on shares of FedEx from $442.00 to $326.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. The Goldman Sachs Group lowered their target price on shares of FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Wells Fargo & Company dropped their target price on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $350.54.

Check Out Our Latest Report on FedEx

About FedEx (Free Report)

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.

See Also Five stocks we like better than FedEx Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.22 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable October 1, 2026, to stockholders of record at the close of business on September 14, 2026.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $86 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 450,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260820967961/en/

Check the Warning Signs for

FDX

now!

BIP Wealth LLC purchased a new position in FedEx Corporation (NYSE: FDX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,884 shares of the shipping service provider's stock, valued at approximately $590,000. Several other hedge funds and other institutional investors have also

The shipping industry straddles the global economy and has a bearing on U.S. stocks. (Leon Neal/Getty Images)

The shipping world is in chaos—and not just because of the Iran war and the Strait of Hormuz closure. Two of the largest shipping companies are signaling that higher prices are on the horizon, and waves from their wake could buffet some of the biggest U.S. stocks.

Posted by Defense World Staff on Aug 12th, 2026

Assenagon Asset Management S.A. cut its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 87.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,189 shares of the shipping service provider’s stock after selling 128,740 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FedEx were worth $6,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Apella Capital LLC lifted its position in shares of FedEx by 5.2% during the second quarter. Apella Capital LLC now owns 5,564 shares of the shipping service provider’s stock worth $1,741,000 after purchasing an additional 273 shares in the last quarter. Evanson Financial LLC bought a new position in FedEx in the 2nd quarter worth approximately $259,000. Chapin Davis Inc. raised its position in FedEx by 12.7% in the 2nd quarter. Chapin Davis Inc. now owns 3,787 shares of the shipping service provider’s stock worth $1,186,000 after purchasing an additional 426 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in FedEx by 19.2% during the 2nd quarter. Bill Few Associates Inc. now owns 1,243 shares of the shipping service provider’s stock worth $389,000 after buying an additional 200 shares in the last quarter. Finally, Foster Group Inc. boosted its position in FedEx by 1.0% in the 2nd quarter. Foster Group Inc. now owns 4,603 shares of the shipping service provider’s stock valued at $1,441,000 after buying an additional 47 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance FedEx stock opened at $321.93 on Wednesday. The firm has a market capitalization of $76.17 billion, a P/E ratio of 17.39, a PEG ratio of 1.67 and a beta of 1.30. FedEx Corporation has a 1 year low of $176.00 and a 1 year high of $345.36. The business has a 50-day moving average of $319.07 and a 200-day moving average of $350.81. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $23.26 billion for the quarter. On average, equities analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were issued a $1.22 dividend. The ex-dividend date was Monday, June 22nd. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 26.36%.

Analysts Set New Price Targets FDX has been the subject of several research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of FedEx in a research note on Friday, June 26th. Citizens Jmp started coverage on shares of FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target for the company. Wall Street Zen raised shares of FedEx to a “hold” rating in a research note on Saturday. Jefferies Financial Group initiated coverage on shares of FedEx in a report on Tuesday, June 23rd. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of FedEx from $376.00 to $378.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $350.54.

Check Out Our Latest Stock Report on FDX

Insiders Place Their Bets In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the transaction, the director directly owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This trade represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.

About FedEx (Free Report)

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.

Further Reading Five stocks we like better than FedEx Atlassian Just Pulled Off the Software Comeback Wall Street Wanted AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings Apple’s Next iPhone Could Test How Much Pricing Power Is Left

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAssenagon Asset Management S.A. Reduces Holdings in Myriad Genetics, Inc. $MYGN

NEXT HEADLINE »ON (NYSE:ONON) Price Target Lowered to $60.00 at BTIG Research

FedEx (FDX) is pivoting to premium B2B, specialized B2C, and cross-border shipments, prioritizing high-yield, service-driven volumes over low-price, commoditized business. FDX's Tricolor and Network 2.0 initiatives are optimizing network agility, reducing costs, and targeting $2 billion in annualized efficiency savings by 2027. Recent financials show Federal Express revenue up 14% YoY, with parcel yield climbing 11% YoY, supporting the shift to higher-quality revenue.

Posted by Defense World Staff on Jul 25th, 2026

Beaconlight Capital LLC purchased a new stake in FedEx Corporation (NYSE:FDX – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,201 shares of the shipping service provider’s stock, valued at approximately $5,414,000. FedEx accounts for about 2.9% of Beaconlight Capital LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in FedEx by 0.5% during the first quarter. Public Employees Retirement System of Ohio now owns 99,159 shares of the shipping service provider’s stock worth $35,318,000 after buying an additional 521 shares in the last quarter. Compound Planning Inc. boosted its stake in FedEx by 28.7% during the first quarter. Compound Planning Inc. now owns 4,920 shares of the shipping service provider’s stock worth $1,752,000 after buying an additional 1,096 shares in the last quarter. CLG LLC raised its stake in shares of FedEx by 3.8% in the 1st quarter. CLG LLC now owns 952 shares of the shipping service provider’s stock valued at $339,000 after buying an additional 35 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of FedEx by 73.7% during the 1st quarter. Modern Wealth Management LLC now owns 2,454 shares of the shipping service provider’s stock worth $882,000 after acquiring an additional 1,041 shares during the period. Finally, Orleans Capital Management Corp LA acquired a new stake in shares of FedEx during the 1st quarter valued at about $242,000. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance FedEx stock opened at $314.77 on Friday. The business has a 50-day moving average of $335.98 and a 200-day moving average of $350.05. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $74.47 billion, a P/E ratio of 17.01, a PEG ratio of 1.62 and a beta of 1.29. FedEx Corporation has a 1 year low of $172.88 and a 1 year high of $345.36.

FedEx (NYSE:FDX – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The company had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. On average, equities analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $4.88 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio is currently 26.36%.

Wall Street Analyst Weigh In A number of brokerages have commented on FDX. Wall Street Zen upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Citizens Jmp assumed coverage on FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. The Goldman Sachs Group decreased their price target on FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Stephens upgraded FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Sanford C. Bernstein set a $397.00 price objective on FedEx in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $350.54.

Check Out Our Latest Stock Report on FDX

Insider Transactions at FedEx In other FedEx news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director owned 16,359 shares of the company’s stock, valued at $5,309,477.04. This trade represents a 23.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

FedEx Company Profile (Free Report)

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.

Featured Articles Five stocks we like better than FedEx AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX – Free Report).

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of Nova Scotia Decreases Stock Position in Intercontinental Exchange Inc. $ICE

NEXT HEADLINE »Bank of Nova Scotia Purchases 110,231 Shares of Marsh & McLennan Companies, Inc. $MRSH

Key Takeaways Management targets 4-6% revenue growth and 10-12% adjusted operating income growth.FedEx Freight's revenue rose 4.8% as revenue per shipment climbed 11.5% despite lower volumes.Technology and network investments aim to improve freight efficiency, service and connectivity. FedEx Freight ((FDXF - Free Report) ) is entering public markets as a pure-play less-than-truckload carrier at a time when volume growth remains uneven. The company’s investment case now rests on whether pricing, freight mix and internal efficiency can offset softer shipment activity.

That makes FDXF a useful test of the current LTL cycle. Demand may be under pressure, but management is leaning on revenue quality, network density, and technology to protect margins.

FedEx Freight Is Leaning Into Revenue per ShipmentFourth-quarter revenues rose 4.8% year over year to $2.4 billion even as average daily shipments fell 5.9% to 86.7 thousand. The offset came from stronger revenue per shipment, which increased 11.5% to $415.22.

Weight per shipment rose 3% to 948 pounds, while revenue per hundredweight increased 8.2% to $43.79. Those metrics matter because heavier shipments and better yield can help support revenues when freight counts remain under pressure.

FDXF Margin Expansion Depends on Network OptimizationManagement expects medium-term revenue growth of 4-6% and adjusted operating income growth of 10-12%. That gap implies the company is targeting faster profit growth than revenue growth, driven by operating improvements rather than just better demand.

Capital discipline will be central to that plan. The company expects its capital-expenditure-to-revenue ratio to be around 5%, while investments are being directed toward the network, technology and freight-focused operations. Old Dominion Freight Line ((ODFL - Free Report) ), another major LTL carrier, remains a key benchmark for investors watching service quality, pricing discipline and terminal productivity across the category.

FedEx Freight Faces a Cyclical LTL Demand BackdropFDXF serves manufacturers, retailers, distributors and other businesses, leaving it exposed to manufacturing activity, industrial production and business spending. In a slower economy, customers may ship fewer loads, creating pressure on volumes, pricing and margins.

Risks also include inflation, tariff-related uncertainty, geopolitical tension and supply-chain disruption. United Parcel Service ((UPS - Free Report) ), a broad transportation and logistics company, gives investors a wider freight and parcel comparison point when assessing how business spending and trade flows move through the transport sector.

FDXF Technology Spending Could Reshape Freight EfficiencyTechnology is a key part of the standalone strategy. FedEx Freight expects to benefit from technology investments and optimized operations tailored specifically to freight customers.

The opportunity is operational as well as commercial. Dedicated technology spending could improve freight movement, customer service, network planning and supply-chain connectivity. As an independent company, FedEx Freight can focus capital on LTL priorities rather than competing internally with parcel and express operations.

FedEx Freight Ratings Temper the Emerging Trend StoryThe bottom line is that FDXF has a clear margin-improvement path, but the path depends on execution in a cyclical freight market. Pricing and mix helped the latest quarter, while lower shipments show that demand remains a constraint.

The stock currently carries a Zacks Rank #3 (Hold), which reflects a neutral near-term earnings-revision signal. The VGM Score of D and Momentum Score of F point to weak current market characteristics, while the Value Score of C and Growth Score of C suggest a more balanced profile on those two style measures. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

For investors, the combination argues for patience rather than a one-sided view. FedEx Freight has standalone advantages, scale and a targeted operating plan, but weak momentum and a neutral Rank indicate that earnings-revision support is not yet strong enough to fully validate the margin-growth story.

It has been about a month since the last earnings report for FedEx (FDX - Free Report) . Shares have added about 1.3% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is FedEx due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for FedEx Corporation before we dive into how investors and analysts have reacted as of late.

Earnings Beat at FedEx in Q4FedEx reported solid fourth-quarter fiscal 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Quarterly earnings (excluding 29 cents from non-recurring items) of $6.31 per share beat the Zacks Consensus Estimate of $5.91 as well as improved 3.9% year over year. The company’s bottom line benefited from share repurchase activity.

Revenues of $25.0 billion came ahead of the Zacks Consensus Estimate of $24.1 billion and improved 12.5% from the year-ago fiscal quarter’s reported figure.

Apart from the better-than-expected results, FDX has also raised its full-year fiscal 2026 guidance for revenues and earnings. For fiscal 2026, FedEx now expects revenue growth to be up almost 11% on a year-over-year basis (prior view: up 6-6.5%). Earnings per share (EPS) are now anticipated to be between $16.55 and $17.75 before the MTM retirement plans accounting adjustments compared with the prior guidance of $16.05-$16.85.

Operating income, on a reported basis, increased 3.4% to $2.09 billion from the year-ago fiscal quarter’s reported number. Operating margin fell to 8.4% from 9.1% in the year-ago reported quarter. Operating income improved in the fiscal fourth quarter on the back of continued strength in U.S. Domestic and International Priority package yields, cost savings from transformation initiatives and increased U.S. domestic and international export package volume.

Operating expenses (reported basis) increased 15% to $23.4 billion.

In January 2025, FedEx’s board of directors announced a change in the company’s fiscal year-end from May 31 to Dec. 31. The fiscal year change became effective for the period beginning June 1, 2026.

The spin-off of FedEx Freight into a new publicly traded company was completed on June 1, 2026. In connection with the spin-off, FedEx Freight paid a cash dividend of almost $4.1 billion to FedEx from the proceeds of the $3.7 billion senior notes offering completed in February 2026 and borrowings under its delayed-draw term loan facility.

FedEx Freight will discuss its fiscal fourth-quarter results on June 25, 2026, through a call.

Segmental Performance During the QuarterFedEx Express segment’s revenues grew 14% year over year to $21.5 billion. The Federal Express segment benefited from higher U.S. domestic and International Priority package yields, continued cost savings from transformation initiatives and increased U.S. domestic and international export package volume. These factors were partially offset by increased purchased transportation and wage rates, higher variable incentive compensation expenses and the financial impacts of global trade policy changes.

FedEx Freight revenues grew 5% from the year-ago fiscal quarter’s reported figure to $2.40 billion.

Average daily shipments fell 6% year over year. Capital expenditures for the reported quarter were $1.47 billion.

LiquidityFedEx exited fourth-quarter fiscal 2026 with cash and cash equivalents of $13.3 billion compared with $8.01 billion at the end of the prior quarter. Long-term debt (less current portion) was $23.2 billion compared with $22.8 billion at prior-quarter end.

During fiscal 2026, FedEx returned almost $2.2 billion to shareholders, which includes $776 million in the form of share repurchases and $1.4 billion through dividend payments. As of May 31, 2026, $1.3 billion was available under the company's 2024 stock repurchase authorization.

Remaining Aspects of 2026 OutlookEPS, after excluding costs related to business optimization initiatives, the planned spin-off of FedEx Freight, and the planned change in the company's fiscal year end, is now expected between $16.90 and $18.10 compared with the prior guided range of $19.30 to $20.10.

Pension contributions are now expected to be up to $475 million (prior view: $275 million).

For fiscal 2026, FedEx now anticipates capital spending of $3.9 billion (prior view: $4.1 billion), prioritizing investments in network optimization and efficiency improvement, which includes fleet and facility modernization and automation. The effective tax rate is now estimated to be around 23% compared with the prior expectation of 24%.

For 2026, FedEx remains committed to rewarding its shareholders, which includes the previously announced 5% increase in the annual dividend on its common stock, after adjusting for the FedEx Freight spin-off. FDX also plans to repurchase up to $1 billion worth of shares opportunistically, leveraging continued balance sheet flexibility and free cash flow generation to offset dilution from equity compensation.

How Have Estimates Been Moving Since Then?Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.

VGM ScoresAt this time, FedEx has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook FedEx has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

On the Tuesday, July 20 episode of CNBC’s Mad Money, Jim Cramer told viewers now was a good time to rotate out of speculative technology and into industrial blue chips. “In the end, today was a day to buy FedEx. It was a day to pick up some Honeywell Aerospace. Hey, how about buying some GE?”

Cramer argued the NASDAQ is under speculative pressure in both the U.S. and Korean markets and told viewers “to buy more tech only if we get a washout, sell-off first, where all the margin mongers and the option ogres, they just get blown out.” But for now, “It’s time to go to other sectors. They can make you money without the volatility.” The VIX volatility gauge closed at 18.77 on July 17, 2026, up 24.9% for the week and sitting in the 71.2 percentile of its 12-month range.

GE Aerospace Falls Despite a Record Order for 1,000 LEAP Engines Cramer’s loudest complaint was about GE Aerospace (NYSE:GE | GE Price Prediction). “It was down a ridiculous amount even after it got the biggest order for its ones ever, 1000 LEAP engines to power the Airbus A320neos, part of a joint venture. That wasn’t enough. I was shocked that the stock wasn’t up on that news.” Shares fell nearly eight dollars despite the order.

GE’s Q2 2026 adjusted EPS came in at $2.02 versus a $1.86 consensus, its fifth consecutive beat, on revenue of $13.35 billion, up 21.11% year over year. LEAP engine deliveries rose 24%, and management raised full-year adjusted EPS guidance to $7.65 to $7.85, with free cash flow guided to $8.90 billion to $9.20 billion. CEO Larry Culp cited an “over $210 billion backlog” in the Q2 earnings release.

Yet GE has slid 8.86% month to date through July 20, closing at $341.30. Wall Street’s consensus target sits at $397.86, with 16 buy and 3 strong-buy ratings.

FedEx’s Freight Spin and $1 Billion in Savings Simplify the Story FedEx (NYSE:FDX) offers a turnaround industrial story. The Q4 FY2026 report on June 23, 2026 delivered adjusted EPS of $6.31 versus $5.95 expected, on revenue of $25.01 billion, up 12.54%. Full-year adjusted EPS reached $20.24 versus $18.19 the prior year, and permanent cost savings exceeded $1.0 billion.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and GE Aerospace didn't make the cut. Grab the names FREE today.

The FedEx Freight spin-off closed June 1, 2026, and management guided calendar-year 2026 adjusted EPS from continuing operations to $16.90 to $18.10, with up to $1 billion in opportunistic buybacks. The stock has slipped 5.78% over the past month but remains up 63.98% year to date.

Honeywell Aerospace Gives Investors a New Aviation Pure Play Cramer’s reference to Honeywell Aerospace (NASDAQ:HONA) points to the freshly independent business spun out of Honeywell (NASDAQ:HON) on June 29, 2026, now trading on NASDAQ under the ticker HONA. In Q1 2026, Aerospace Technologies posted $4.32 billion in revenue, up 4%, with a 1.1x book-to-bill. The prior quarter delivered 21% organic sales growth in Aerospace Technologies, a datapoint that captures the commercial aftermarket and defense build-up powering the space.

Parent Honeywell reaffirmed FY2026 adjusted EPS of $10.35 to $10.65 against a backlog of $38.3 billion. HON shares are down 5.83% over the past month but up 11.71% year to date.

What to Watch Jim Cramer recommends avoiding speculative technology stocks unless a sharper sell-off clears out leveraged traders. Until then, he prefers industrial names such as FedEx, GE Aerospace, and Honeywell Aerospace because they offer exposure to cost-cutting, increasing aviation demand, and large order backlogs with less speculative volatility.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and GE Aerospace didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

1.54K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Data demonstrated beneficial bacterial taxa persist in fecal samples from patients with rCDI despite multiple prior CDI treatments with the antibiotic standards of care, vancomycin (VAN) and/or fidaxomicin (FDX) Following acute treatment with ibezapolstat (IBZ), these beneficial microorganisms will have the opportunity to repopulate the microbiome in a beneficial way that may prevent recurrence IBZ and FDX were superior in biofilm experimental models with IBZ significantly more effective at killing C. difficile than VAN and FDX Trial start-up activities for a ground-breaking clinical trial in patients with multiply-recurrent CDI (rCDI) have been initiated with the first patient expected to enroll in the next quarter; a successful trial outcome has the potential to shift the paradigm of treatment and prevention of rCDI from two agents to one With mutually consistent feedback from both EMA and FDA, Acurx is well positioned to commence its international Phase 3 registration program in the broader CDI patient population ("acute CDI") Acurx has previously been granted FDA QIDP and Fast-Track Designation and has received SME (Small and Medium-sized Enterprise) designation by the EMA , /PRNewswire/ -- Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP) a clinical stage biopharmaceutical company developing a new class of antibiotics for difficult-to-treat bacterial infections, announced today that a poster presentation entitled: Microbiome Restoration Potential of Ibezapolstat vs. Comparator Antibiotics in Patients with Multiply-recurrent Clostridioides difficile Infection (CDI) was presented by Kevin Garey, PharmD, MS, FIDSA, Professor and Chair, University of Houston College of Pharmacy, Principal Investigator for microbiology and microbiome aspects of the IBZ clinical trial program at the 18th Biennial Congress of the Anaerobe Society of the Americas held at Columbia University Irving Medical Center in New York City from July 8 to 10, 2026.

Studies were performed at the University of Houston to determine whether beneficial gut microbes are present in patients with multiple (≥2) recurrences of Clostridioides difficile infection (rCDI). The objectives of this study were to determine whether beneficial microbes identified in the IBZ  Phase 2 studies in patients with initial and 1st recurrent CDI are still present in patients with multiple (≥2) recurrent CDI and to assess killing effects of IBZ vs. comparators in planktonic (non-biofilm) and biofilm mono- and duo-culture studies; specifically, measuring killing of VRE by VAN, FDX, and IBZ in planktonic and biofilm cultures.

Commenting on the poster presentation, Dr. Garey stated: "Until now, it has not been known whether repeated courses of VAN and/or FDX destroyed the gut microbiome population of beneficial organisms, namely, those bacterial species that are responsible for metabolizing bile acids and protecting against recurrent episodes of CDI. Our new data indicate that sufficient numbers of such bacteria are preserved to allow regrowth when rCDI treatment consists of an antibiotic like ibezapolstat, which has been shown in our laboratory to be highly selective and preserves the beneficial gut flora." He further stated, "We also showed in our laboratory studies that ibezapolstat was highly effective at killing C. difficile when grown in co-culture with Enterococcus in liquid, planktonic cultures or as part of a biofilm. Ibezapolstat actually outperformed fidaxomicin in biofilm killing effects without causing VRE overgrowth observed with vancomycin."

Robert J. DeLuccia, Executive Chairman of Acurx, stated: "These new data provide scientific support for our upcoming trial of ibezapolstat to treat patients with multiply-recurrent CDI which begins with a 20-patient, open-label pilot trial in patients with at least 3 episodes of CDI in the past 12 months and will inform elements of a planned active-controlled, Phase 3 registration trial in rCDI. Upon subsequent successful completion of a Ph3 pivotal rCDI trial, and per the operative FDA procedure, Acurx plans to request FDA approval for treatment and prevention of rCDI under the FDA's Limited Population Pathway for Antibacterial and Antifungal Drugs (Guidance for Industry, 2020). He added: "Along with results from IBZ's international Phase 3 registration program in patients with acute CDI, we believe IBZ has the potential to be the first agent to demonstrate clinical success in both the treatment of acute CDI and reduction of recurrence in rCDI and such success would shift the paradigm of treatment and prevention of rCDI from two agents to one."

The poster is available on the Acurx Pharmaceuticals website www.acurxpharma.com

About the Anaerobe Society of the Americas
Founded in 1992, The Anaerobe Society of the Americas is an international organization, promoting the study and application of knowledge of anaerobic bacteriology. The primary activity of the society is organizing the biennial Anaerobe Congress for researchers, clinicians, and laboratory scientists from around the world to engage in presentations, exchanges, and dialogues related to anaerobes.

Acurx previously announced it has received mutually consistent positive feedback from both FDA and EMA which included details on Acurx's two planned international Phase 3 clinical trials in patients with acute CDI.  Accordingly, if successful, these trials will support the submission of a U.S. New Drug Application (NDA) and a Marketing Authorization Application (MAA) for regulatory approval in Europe. The trial design not only allows determination of ibezapolstat's ability to achieve Clinical Cure of CDI as measured 2 days after 10 days of oral treatment but also includes assessment of ibezapolstat's potential effect on reduction of CDI recurrence in the target population. The primary efficacy analysis will be performed using a Modified Intent-To-Treat (mITT) population.

About the Ibezapolstat Phase 2 Clinical Trial
The completed multicenter, open-label single-arm segment (Phase 2a) study was followed by a double-blind, randomized, active-controlled, non-inferiority, segment (Phase 2b) at 28 US clinical trial sites which together comprise the Phase 2 clinical trial. (see https://clinicaltrials.gov/ct2/show/NCT04247542). This Phase 2 clinical trial was designed to evaluate the clinical efficacy of ibezapolstat in the treatment of CDI including pharmacokinetics and microbiome changes from baseline and continue to test for anti-recurrence microbiome properties seen in the Phase 2a trial, including the treatment-related changes in alpha diversity and bacterial abundance and effects on bile acid metabolism. (Data published in Lancet, August 2025 https://www.thelancet.com/journals/lanmic/article/PIIS2666-5247(25)00054-0/fulltext).

About Ibezapolstat
Ibezapolstat is the Company's lead antibiotic candidate planning to advance to international Phase 3 clinical trials to treat patients with C. difficile infection. Ibezapolstat is a novel, orally administered antibiotic, being developed as a Gram-Positive Selective Spectrum (GPSS®) antibacterial. It is the first of a new class of DNA polymerase IIIC inhibitors under development by Acurx to treat bacterial infections. Ibezapolstat's unique spectrum of activity, which includes C. difficile but spares other Firmicutes and the important Actinobacteria phyla, appears to contribute to the maintenance of a healthy gut microbiome.

In June 2018, ibezapolstat was designated by the U.S. Food and Drug Administration (FDA) as a Qualified Infectious Disease Product (QIDP) for the treatment of patients with CDI and will be eligible to benefit from the incentives for the development of new antibiotics established under the Generating New Antibiotic Incentives Now (GAIN) Act. In 2019, FDA granted "Fast Track" designation to ibezapolstat for the treatment of patients with CDI. The CDC has designated C. difficile as an urgent threat highlighting the need for new antibiotics to treat CDI.

About Clostridioides difficile Infection (CDI) and Recurrent CDI (rCDI)
According to the 2017 Update (published February 2018) of the Clinical Practice Guidelines for C. difficile Infection by the Infectious Diseases Society of America (IDSA) and Society or Healthcare Epidemiology of America (SHEA), CDI remains a significant medical problem in hospitals, in long-term care facilities and in the community. C. difficile is one of the most common causes of health care-associated infections in U.S. hospitals (Lessa, 2015, NEJM). Recent estimates suggest C. difficile approaches 500,000 infections annually in the U.S. and is associated with approximately 30,000 deaths annually. (Guh, 2020, NEJM. Based on internal estimates, the recurrence rate for the antibiotics currently used to treat CDI is between 20% and 40% among approximately 150,000 patients treated. We believe the annual incidence of CDI in the U.S. approaches 600,000 infections and a mortality rate of approximately 9.3%.

In recent studies, rCDI ranges from 4% to 19.5% following treatment with fidaxomicin and 17 to 27% following treatment with vancomycin. In patients with multiple prior episodes of CDI, rCDI following treatment with vancomycin is even more problematic, with an incidence of up to 40%. Consequently, the principal unmet medical need in this disease is the prevention of recurrence. The estimated annual public health cost burden in the U.S. annually is ~$5 billion annually with ~$2.8 billion due to recurrent CDI.

About the Microbiome in C. difficile Infection (CDI) and Bile Acid Metabolism
C. difficile can be a normal component of the healthy gut microbiome, but when the microbiome is thrown out of balance, the C. difficile can thrive and cause an infection. After colonization with C. difficile, the organism produces and releases the main virulence factors, the two large clostridial toxins A (TcdA) and B (TcdB). (Kachrimanidou, Microorganisms 2020, 8, 200; doi:10.3390/microorganisms8020200.) TcdA and TcdB are exotoxins that bind to human intestinal epithelial cells and are responsible for inflammation, fluid and mucous secretion, as well as damage to the intestinal mucosa.

Bile acids perform many functional roles in the GI tract, with one of the most important being maintenance of a healthy microbiome by inhibiting C. difficile growth. Primary bile acids, which are secreted by the liver into the intestines, promote germination of C. difficile spores and thereby increase the risk of recurrent CDI after successful treatment of an initial episode. On the other hand, secondary bile acids, which are produced by normal gut microbiota through metabolism of primary bile acids, do not induce C. difficile sporulation and therefore protect against recurrent disease. Since ibezapolstat treatment leads to minimal disruption of the gut microbiome, bacterial production of secondary bile acids continues which may contribute to an anti-recurrence effect. Beneficial effects of bile acids include a decrease in primary bile acids and an increase in secondary bile acids in patients with CDI, which was observed in the Company's Ph2a trial results and previously reported (CID, 2022). In the Ph2b trial, ibezapolstat-treated patients showed lower concentrations of fecal primary bile acids, and higher beneficial ratio of secondary to primary bile acids than vancomycin-treated patients.

About Acurx Pharmaceuticals, Inc.
Acurx Pharmaceuticals is a late-stage biopharmaceutical company focused on developing a new class of small molecule antibiotics for difficult-to-treat bacterial infections. The Company's approach is to develop antibiotic candidates with a Gram-positive selective spectrum (GPSS®) that blocks the active site of the Gram-positive specific bacterial enzyme DNA polymerase IIIC (pol IIIC), inhibiting DNA replication and leading to Gram-positive bacterial cell death. Its R&D pipeline includes antibiotic product candidates that target Gram-positive bacteria, including Clostridioides difficile, methicillin- resistant Staphylococcus aureus (MRSA), vancomycin resistant Enterococcus (VRE), drug- resistant Streptococcus pneumoniae (DRSP) and B. anthracis (anthrax; a Bioterrorism Category A Threat-Level pathogen). Acurx's lead product candidate, ibezapolstat, for the treatment of C. difficile Infection is preparing to advance into international Phase 3 trials.

Additionally, the Company has initiated start-up activities for a ground-breaking clinical trial in patients with rCDI with the first patient expected to enroll in the fourth quarter this year. This trial is  a 20-patient, open-label pilot trial in patients with multiply-recurrent CDI with at least 3 episodes of CDI in the past year and will inform elements of a planned active-controlled, Phase 3 registration trial in the rCDI. Upon subsequent successful completion of a Ph3 pivotal rCDI trial, and per the operative FDA procedure, Acurx plans to request FDA approval for treatment and prevention of rCDI under the FDA's Limited Population Pathway for Antibacterial and Antifungal Drugs (Guidance for Industry, 2020). Successful trial outcome has the potential to shift the paradigm of treatment and prevention of rCDI from two agents to one.

The Company's preclinical pipeline includes development of an oral product candidate for treatment of ABSSSI (Acute Bacterial Skin and Skin Structure Infections), upon which a development program for post-exposure prophylaxis of inhalation anthrax is being planned in parallel.

Learn more about Acurx Pharmaceuticals and its product pipeline, please visit www.acurxpharma.com

Forward-Looking Statements
Any statements in this press release about our future expectations, plans and prospects, including   statements regarding our strategy, future operations, prospects, plans and objectives, and other statements containing the words "believes," "anticipates," "plans," "expects," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: whether ibezapolstat will benefit from the QIDP designation; whether ibezapolstat will advance through the clinical trial process on a timely basis; whether the results of the clinical trials of ibezapolstat will warrant the submission of applications for marketing approval, and if so, whether ibezapolstat will receive approval from the FDA or equivalent foreign regulatory agencies where approval is sought; whether, if ibezapolstat obtains approval, it will be successfully distributed and marketed; and other risks and uncertainties described in the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2026, as filed with the Securities and Exchange Commission on May 12, 2026, and in the Company's subsequent filings with the Securities and Exchange Commission. Such forward- looking statements speak only as of the date of this press release, and Acurx disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances after the date of such statements, except as may be required by law.

Investor Contact:
Acurx Pharmaceuticals, Inc.
David P. Luci, President & CEO
Tel: 917-533-1469
Email: [email protected]

SOURCE Acurx Pharmaceuticals, Inc.

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) today announced the early results of its previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers”) for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the “Notes”). The Offers are being made pursuant to an Offer to Purchase, dated June 25, 2026 (the “Offer to Purchase”), which sets forth a description of the terms of the Offers.

The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on July 9, 2026 (the “Early Tender Time”). Withdrawal rights for the Offers expired at 5:00 p.m., New York City time, on July 9, 2026 (the “Withdrawal Deadline”) and, accordingly, any Notes that were validly tendered in the Offers may no longer be withdrawn except where additional withdrawal rights are required by law.

Acceptance
Priority
Level(1)

  Title of Series of Notes

  CUSIP No.

  Principal Amount
Outstanding

  Aggregate Principal
Amount Tendered

1

  4.500% Notes due 2065

  31428XBD7

  $36,960,000

  $7,022,000

  4.500% Notes due 2065

  U31520BA3

31428XCZ7

31428XDX1

  $213,040,000

  $115,951,000

2

  3.250% Notes due 2041

  31428XCE4

  $130,365,000

  $57,574,000

  3.250% Notes due 2041

  U31520AP1 31428XCN4 31428XDL7

  $619,635,000

  $379,242,000

3

  4.050% Notes due 2048

  31428XBQ8

  $256,565,000

  $60,048,000

  4.050% Notes due 2048

  U31520AX4

31428XCW4

31428XDU7

  $743,435,000

  $431,117,000

4

  3.875% Notes due 2042

  31428XAT3

  $55,389,000

  $23,015,000

  3.875% Notes due 2042

  U31520AQ9 31428XCP9 31428XDM5

  $444,611,000

  $212,949,000

5

  4.100% Notes due 2045

  31428XBB1

  $146,170,000

  $50,541,000

  4.100% Notes due 2045

  U31520AT3 31428XCS3 31428XDQ6

  $503,830,000

  $334,899,000

6

  4.100% Notes due 2043

  31428XAU0

  $108,231,000

  $38,320,000

  4.100% Notes due 2043

  U31520AR7 31428XCQ7 31428XDN3

  $391,769,000

  $156,659,000

7

  4.400% Notes due 2047

  31428XBN5

  $145,347,000

  $56,413,000

  4.400% Notes due 2047

  U31520AW6 31428XCV6 31428XDT0

  $604,653,000

  $407,316,000

8

  4.550% Notes due 2046

  31428XBG0

  $242,931,000

  $86,897,000

  4.550% Notes due 2046

  U31520AV8 31428XCU8 31428XDS2

  $1,007,069,000

  $507,117,000

9

  4.750% Notes due 2045

  31428XBE5

  $336,562,000

  $123,772,000

  4.750% Notes due 2045

  U31520AU0 31428XCT1 31428XDR4

  $913,438,000

  $466,653,000

10

  2.400% Notes due 2031

  31428XCD6

  $357,815,000

  $126,924,000

  2.400% Notes due 2031

  U31520AL0

31428XCK0

31428XDH6

  $642,185,000

  $380,780,000

11

  4.950% Notes due 2048

  31428XBS4

  $153,531,000

  $29,061,000

  4.950% Notes due 2048

  U31520AY2 31428XCX2 31428XDV5

  $696,469,000

  $418,069,000

12

  3.900% Notes due 2035

  31428XBA3

  $108,088,000

  $35,079,000

  3.900% Notes due 2035

  U31520AN6 31428XCM6 31428XDK9

  $391,912,000

  $217,526,000

13

  5.100% Notes due 2044

  31428XAW6

  $208,311,000

  $56,971,000

  5.100% Notes due 2044

  U31520AS5 31428XCR5 31428XDP8

  $541,689,000

  $268,988,000

14

  3.100% Notes due 2029

  31428XBV7

  $371,947,000

  $150,661,000

  3.100% Notes due 2029

  U31520AJ5 31428XCH7

31428XDF0

  $628,053,000

  $392,455,000

15

  5.250% Notes due 2050

  31428XCA2

  $202,342,000

  $40,820,000

  5.250% Notes due 2050

  U31520AZ9 31428XCY0 31428XDW3

  $1,047,658,000

  $395,723,000

16

  3.400% Notes due 2028

  31428XBP0

  $159,506,000

  $29,411,000

  3.400% Notes due 2028

  U31520AG1 31428XCF1 31428XDD5

  $340,494,000

  $194,638,000

17

  4.250% Notes due 2030

  31428XBZ8

  $343,897,000

  $95,059,000

  4.250% Notes due 2030

  U31520AK2 31428XCJ3 31428XDG8

  $406,103,000

  $208,006,000

18

  4.200% Notes due 2028

  31428XBR6

  $162,715,000

  $33,707,000

  4.200% Notes due 2028

  U31520AH9 31428XCG9 31428XDE3

  $237,285,000

  $129,635,000

19

  4.900% Notes due 2034

  31428XAX4

  $148,482,000

  $34,722,000

  4.900% Notes due 2034

  U31520AM8 31428XCL8 31428XDJ2

  $351,518,000

  $198,855,000

The consideration to be paid for the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers will be determined at 10:00 a.m., New York City time, on July 10, 2026 (the “Price Determination Time”) in the manner described in the Offer to Purchase by reference to the applicable fixed spread specified on the front cover of the Offer to Purchase for each series of Notes over the applicable yield to the maturity date or par call date, as applicable, based on the bid-side price of the applicable U.S. Treasury Security (the “Reference Treasury Security”) specified on the front cover of the Offer to Purchase in the column entitled “Reference U.S. Treasury Security.” Each holder who validly tendered and did not validly withdraw its Notes at or prior to the Early Tender Time and whose Notes are accepted for purchase will be entitled to receive the applicable “Total Consideration,” which includes an early tender premium of $30 per $1,000 principal amount of Notes so tendered and accepted for purchase (the “Early Tender Premium”). The Early Tender Premium will be included in the Total Consideration for each series of Notes, and will not constitute an additional or increased payment. In addition, in each case, holders whose Notes are accepted for purchase will receive accrued and unpaid interest on their Notes up to, but excluding, July 14, 2026 (the “Early Settlement Date”), payable on the Early Settlement Date.

Since the aggregate purchase price, not including accrued and unpaid interest, payable in respect of the Notes that were validly tendered and not validly withdrawn in the Offers at or before the Early Tender Time is expected to exceed the Offer Cap, FedEx expects to accept for purchase pursuant to the Offers the full amount of each series of the 4.500% Notes due 2065 (which have an Acceptance Priority Level of 1), the full amount of each series of the 3.250% Notes due 2041 (which have an Acceptance Priority Level of 2), the full amount of each series of the 4.050% Notes due 2048 (which have an Acceptance Priority Level of 3), the full amount of each series of the 3.875% Notes due 2042 (which have an Acceptance Priority Level of 4), the full amount of each series of the 4.100% Notes due 2045 (which have an Acceptance Priority Level of 5), the full amount of each series of the 4.100% Notes due 2043 (which have an Acceptance Priority Level of 6), the full amount of each series of the 4.400% Notes due 2047 (which have an Acceptance Priority Level of 7), the full amount of each series of the 4.550% Notes due 2046 (which have an Acceptance Priority Level of 8), the full amount of each series of the 4.750% Notes due 2045 (which have an Acceptance Priority Level of 9), the full amount of each series of the 2.400% Notes due 2031 (which have an Acceptance Priority Level of 10), the full amount of each series of the 4.950% Notes due 2048 (which have an Acceptance Priority Level of 11), the full amount of each series of the 3.900% Notes due 2035 (which have an Acceptance Priority Level of 12) and a portion of each series of the 5.100% Notes due 2044 (which have an Acceptance Priority Level of 13) validly tendered and not validly withdrawn at or prior to the Early Tender Time on a prorated basis as described in the Offer to Purchase, so that the aggregate purchase price does not exceed the Offer Cap. The 3.100% Notes due 2029 (which have an Acceptance Priority Level of 14), the 5.250% Notes due 2050 (which have an Acceptance Priority Level of 15), the 3.400% Notes due 2028 (which have an Acceptance Priority Level of 16), the 4.250% Notes due 2030 (which have an Acceptance Priority Level of 17), the 4.200% Notes due 2028 (which have an Acceptance Priority Level of 18) and the 4.900% Notes due 2034 (which have an Acceptance Priority Level of 19) will not be accepted for purchase. In addition, since the aggregate purchase price, not including accrued and unpaid interest, payable in respect of the Notes that were validly tendered and not validly withdrawn in the Offers at or before the Early Tender Time is expected to exceed the Offer Cap, FedEx does not expect to accept for purchase any Notes tendered after the Early Tender Time.

None of the Offers is conditioned on any of the other Offers or upon any minimum principal amount of Notes of any series being tendered. None of the Offers is subject to a financing condition.

FedEx expects to issue a press release later today following the Price Determination Time announcing the Total Consideration payable in connection with the Offers.

FedEx expressly reserves the right, in its sole discretion, subject to applicable law, to (1) terminate any or all of the Offers and not accept for purchase any of the Notes not theretofore accepted for purchase in the terminated Offer or Offers, (2) waive any and all of the conditions to the Offers on or prior to the time the Notes are accepted for purchase in any or all of the Offers, (3) accept for purchase and pay for all Notes validly tendered at or before the Early Tender Time or the time at which the Offers are scheduled to expire (the “Expiration Time”) and not validly withdrawn at or before the Withdrawal Deadline in any or all of the Offers and to keep any or all of the Offers open or extend the Early Tender Time, Withdrawal Deadline or Expiration Time to a later date and time, (4) increase or decrease the Offer Cap or change the Acceptance Priority Levels or (5) otherwise amend the terms and conditions of the Offers.

This press release does not constitute an offer to purchase or a solicitation of an offer to sell any securities. The Offers are being made solely pursuant to the Offer to Purchase and only to such persons and in such jurisdictions as are permitted under applicable law. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc and Wells Fargo Securities, LLC are serving as Lead Dealer Managers for the Offers and Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. are serving as Co-Dealer Managers for the Offers (each, a “Dealer Manager” and together, the “Dealer Managers”). Questions regarding the Offers may be directed to Goldman Sachs & Co. LLC at (800) 828-3182 (toll free) or (212) 357-1452 (collect), J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3554 (collect), BofA Securities, Inc. at (888) 292-0070 (toll free) or (980) 387-3907 (collect), Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect) or Wells Fargo Securities, LLC at (866) 309-6316 (toll free) or (704) 410-4759 (collect).

The complete terms and conditions of the Offers are described in the Offer to Purchase. Requests for the Offer to Purchase or the documents incorporated by reference therein may be directed to Global Bondholder Services Corporation (“GBSC”), which is acting as the Tender Agent and Information Agent for the Offers, at (212) 430-3774 (for banks and brokers), at (855) 654-2015 (for all others), or by email at [email protected]. Copies of the Offer to Purchase are (subject to offer restrictions) available on their website https://www.gbsc-usa.com/FedEx.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. The company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this press release may be considered forward-looking statements, such as statements regarding the expected timing of completion of the Offers and FedEx’s expectations with respect to the acceptance of validly tendered (and not validly withdrawn) Notes. Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “forecasts,” “anticipates,” “plans,” “estimates,” “targets,” “projects,” “intends,” “determined to,” or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the global markets in which FedEx operates; uncertainty and additional volatility in the global trade environment; FedEx’s ability to successfully implement its business strategies and global transformation program and network optimization initiatives, including Network 2.0 and Tricolor, effectively respond to changes in market dynamics, and achieve the anticipated benefits of such strategies and actions; FedEx’s ability to achieve its cost reduction initiatives and financial performance goals, including its 2029 financial performance targets; FedEx’s ability to achieve the anticipated benefits of the spin-off of FedEx Freight Holding Company, Inc. (“FedEx Freight”) on June 1, 2026 (the “Spin-Off”); the possibility of disruption, including changes to existing business relationships, disputes, litigation, or unanticipated costs in connection with the Spin-Off of FedEx Freight; the timing and amount of any costs or benefits or any specific outcome, transaction, or change (of which there can be no assurance), or the terms, timing, and structure thereof, related to FedEx’s global transformation program and other ongoing reviews and initiatives; a significant data breach or other disruption to FedEx’s technology infrastructure; damage to FedEx’s reputation or loss of brand equity; FedEx’s ability to meet its labor and purchased transportation needs while controlling related costs; failure of third-party service providers to perform as expected, or disruptions in FedEx’s relationships with those providers or their provision of services to FedEx; the effect of any international conflicts or terrorist activities, including as a result of the current conflicts between Russia and Ukraine and in the Middle East; evolving or new U.S. domestic or international laws and government regulations, policies, and actions, including regulatory and/or legal compliance requirements that can affect FedEx’s ability to efficiently or fully utilize its aircraft; changes in fuel prices or currency exchange rates, including significant increases in fuel prices as a result of the ongoing conflicts between Russia and Ukraine and in the Middle East and other geopolitical and regulatory developments; the effect of intense competition; FedEx’s ability to match capacity to shifting volume levels; an increase in self-insurance accruals and expenses; loss or delay in the collection of accounts receivable, including those related to tariffs in light of recent judicial rulings; the effect of technology developments, including autonomous technology and artificial intelligence; failure to receive or collect expected insurance coverage; FedEx’s ability to effectively operate, integrate, leverage, and grow acquired businesses and complete and realize the anticipated benefits of acquisitions and other strategic transactions including FedEx's investment in InPost, as a consortium member, and related commercial agreements; noncash impairment charges related to FedEx’s goodwill and certain deferred tax assets; the future rate of e-commerce growth; future guidance, regulations, interpretations, challenges, or judicial decisions related to tariffs and FedEx’s tax positions; labor-related disruptions; legal challenges or changes related to service providers contracted to conduct certain linehaul and pickup-and-delivery operations and the drivers providing services on their behalf and the coverage of U.S. employees at Federal Express Corporation under the Railway Labor Act of 1926, as amended; FedEx’s ability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography; the effects of a widespread outbreak of an illness or any other communicable disease or public health crises; any liability resulting from and the costs of defending against litigation, including refunds of tariffs; FedEx’s ability to achieve or demonstrate progress on its goal of carbon-neutral operations by 2040; successful completion of stock repurchases; and other factors which can be found in FedEx’s and its subsidiaries’ press releases and FedEx’s filings with the Securities and Exchange Commission, including FedEx’s Annual Report on Form 10-K for the fiscal year ended May 31, 2025 and subsequent Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made. FedEx does not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

More News From FedEx Corp.

FedEx Corporation reported a non-GAAP Q4 EPS beat, but GAAP margins compressed and shares declined, signaling deeper concerns. Adjusted EPS growth guidance for 2026 requires margin expansion not yet evident, raising skepticism about the achievability of targets. Valuation models suggest a fair value of $345–$355, implying limited upside and supporting a Hold rating until margin expansion is proven.

Key Takeaways FedEx is cutting flight frequencies, parking aircraft and reducing its workforce to counter weak demand. FedEx has reported better-than-expected results in Q4 driven by cost-cut initiatives.FedEx is reshaping costs through DRIVE, which delivered $4B in recurring savings across fiscal 2024-2025. FedEx (FDX - Free Report) is reshaping its cost structure through the company-wide DRIVE initiative to better align operations with post-pandemic market conditions. The program delivered $1.8 billion in recurring savings in fiscal 2024 and another $2.2 billion in fiscal 2025.

In addition, FedEx is improving efficiency through network transformation initiatives such as Network 2.0, Tricolor and its European optimization efforts. These initiatives have enabled the company to surpass its fiscal 2026 transformation-related savings target of $1 billion. At the same time, investments in data and technology are helping FedEx enhance customer experience, secure new business and unlock additional value.

However, geopolitical tensions and persistent inflation continue to pressure consumer sentiment and economic growth, resulting in softer shipping demand. To counter these headwinds, FedEx has stepped up cost-reduction efforts by cutting flight frequencies, parking aircraft and reducing its workforce. These initiatives contributed to better-than-expected earnings and revenues in the fourth quarter of fiscal 2026.

Rival United Parcel Service (UPS - Free Report) is also pursuing aggressive cost-cutting measures to navigate the weak demand environment. The company has eliminated multiple operational positions and closed several facilities as it restructures the network and focuses on higher-margin business opportunities.

A key part of UPS' strategy is reducing its dependence on Amazon (AMZN - Free Report) . In 2025, UPS reached an agreement in principle with Amazon to reduce shipment volumes by more than 50% by June 2026. CEO Carol Tomé noted that Amazon was not UPS' most profitable customer and the planned volume reduction is allowing it to right-size the network while prioritizing more profitable business.

FDX’s Price Performance, Valuation & Earnings Surprise HistoryShares of FDX have gained in single digits (% wise) in the past six months, outperforming its industry.

6-Month Price PerformanceImage Source: Zacks Investment Research

From a valuation standpoint, FDX trades at a 12-month forward price-to-sales ratio of 0.77X, making it cheap compared with industrial levels. 

Image Source: Zacks Investment Research

The company has an impressive earnings surprise history, as shown below.

Image Source: Zacks Investment Research

FDX’s Zacks RankFDX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Analyst Ken Hoexter said the less-than-truckload carrier delivered fiscal fourth-quarter adjusted operating income above expectations, driven by stronger pricing, higher revenue per shipment and increased weight per shipment.

Revenue rose 5% year over year to $2.41 billion, while adjusted operating income reached $363 million, topping the firm’s forecast by $27 million.

Transition Outlook ImprovesFedEx Freight also introduced financial targets for its June-to-December 2026 transition period, projecting revenue growth of 4% to 6%, adjusted operating income of $605 million to $645 million, adjusted operating margins of 11.5% to 12.0%, and adjusted earnings of $2.40 to $2.60 per share. Hoexter raised his estimates to reflect the stronger outlook.

The analyst expects earnings growth during the transition period to be driven primarily by pricing, with higher yields expected to add roughly 200 basis points to margins.

Efficiency initiatives are also expected to support profitability, although variable compensation costs, transition service agreement expenses and softer shipment volumes are likely to partially offset those gains.

Margin Expansion Remains Key ThesisBofA increased its 2027 earnings estimate by about 2% to $5.41 per share and said FedEx Freight’s focus on profitable revenue growth and long-term margin improvement supports a higher valuation.

Hoexter said management believes the ongoing unwinding of bundled customer contracts poses limited pricing risk because only about 10% of revenue is tied to those agreements and discounts have averaged just 1% to 3%.

Management also identified retail, healthcare, grocery, data centers and small- to medium-sized businesses as key growth markets.

FDXF Stock Price Activity: FedEx Freight shares were down 4.79% at $150.93 at the time of publication on Thursday, according to Benzinga Pro data.

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

FedEx Freight Holding Company, Inc. (FDXF) Q4 2026 Earnings Call June 25, 2026 5:00 PM EDT

Company Participants

Marianna Rose - Managing Director of Investor Relations
John Smith - President, CEO & Director
Marshall Witt - Executive VP & CFO

Conference Call Participants

Stephanie Benjamin Moore - Jefferies LLC, Research Division
Brian Ossenbeck - JPMorgan Chase & Co, Research Division
Richa Talwar - Deutsche Bank AG, Research Division
Scott Group - Wolfe Research, LLC
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Matthew Milask - Stifel, Nicolaus & Company, Incorporated, Research Division
Eric Morgan - Barclays Bank PLC, Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Ravi Shanker - Morgan Stanley, Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Jordan Alliger - Goldman Sachs Group, Inc., Research Division
Harrison Bauer - Susquehanna Financial Group, LLLP, Research Division
Ken Hoexter - BofA Securities, Research Division
Ariel Rosa - Citigroup Inc., Research Division

Presentation

Operator

Good day, and welcome to the FedEx Freight Fourth Quarter Fiscal 2026 Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Marianna Rose, Head of Investor Relations. Please go ahead.

Marianna Rose
Managing Director of Investor Relations

Good afternoon, and welcome to FedEx Freight's Fourth Quarter Earnings Conference Call. The fourth quarter earnings release and investor presentation are on our website at ir.fedexfreight.com, and this call is also being streamed from our website.

Joining us today are John Smith, President and Chief Executive Officer of FedEx Freight; and Marshall Witt, our Executive Vice President and Chief Financial Officer. Following prepared remarks, John and Marshall will both be available to answer questions. [Operator Instructions]

During the call, certain statements may be considered forward-looking as defined in the Private Securities Litigation Reform Act of 1995 and are subject to factors that could cause actual results

MEMPHIS, Tenn.--(BUSINESS WIRE)--Q4 FY2026 Earnings Release.