FedEx FY2026: revenue $82.46 billion as Freight spin-off remakes the numbers
FedEx's recast figures show a leaner, more profitable core: calendar-2025 continuing-operations revenue of $82.46 billion, up 4.2%, and operating income of $4.55 billion, up 39.2%. Read this filing as a history lesson, not a forecast. It restates two years of results after the FedEx Freight spin-off and a switch to a December fiscal year end, and it carries two different revenue figures for the same period.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $19.09 for calendar 2025, up from $17.08, and continuing operations alone earned $14.62 a share versus $10.74. The $14.83 non-GAAP figure strips out discontinued operations plus items such as business optimization and realignment costs, so it is not directly comparable to the $19.09 GAAP number. The data set lists GAAP EPS of $18.55 instead of the $19.09 shown on the statements, another sign the extracted figures use a different basis.
Revenue from continuing operations was $82.46 billion for calendar 2025, up 4.2% from $79.13 billion in 2024, split between Express U.S. Domestic at $54.40 billion and Express International at $25.34 billion. The data feed also carries a $94.72 billion revenue figure that does not reconcile to the $82.46 billion statement total and sits on a different basis. Do not compare those two numbers to each other, and do not compare the $94.72 billion figure with the $79.13 billion prior-year base.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.