Filing Flows › FedEx (FDX) › Guidance history
FedEx (FDX) guidance history: what it guided and what it reported
FedEx gave guidance in 13 earnings releases on file since Dec 19, 2023. Of 1 guided period since reported, it met or beat its own guidance 0 times (0%). Tax rate: 0 of 1, on average +2.3 pts against the guided midpoint. Its releases raised guidance 3 times and lowered it twice.
Tax rate
Met or beat 0 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 22.5% (Oct 28, 2026) | — | to be reported | — |
| Q1 FY26 | 25.0% (Jun 24, 2025) | 27.3% | above the range | +2.3 pts |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $3.9B (Oct 28, 2026) | — | to be reported | — |
| FY26 | $4.5B (Jun 24, 2025) → reaffirmed $4.5B (Sep 18, 2025) → reaffirmed $4.5B (Dec 18, 2025) → lowered $4.1B (Mar 19, 2026) | $3.8B (GAAP) | not judged | — |
| FY25 | $5.2B (Jun 25, 2024) → reaffirmed $5.2B (Sep 19, 2024) → reaffirmed $5.2B (Dec 19, 2024) → lowered $4.9B (Mar 20, 2025) | $4.1B (GAAP) | not judged | — |
| FY24 | $5.7B (Dec 19, 2023) → lowered $5.4B (Mar 21, 2024) | — | — | — |
GAAP EPS
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | −$5.00 (Oct 28, 2026) | — | to be reported | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | −$5.00 (Oct 28, 2026) | — | to be reported | — |
| FY26 | $6.00 (Sep 18, 2025) → reaffirmed $6.00 (Dec 18, 2025) → reaffirmed $6.00 (Mar 19, 2026) | — | — | — |
| Q1 FY26 | $3.40–$4.00 (Jun 24, 2025) | — | — | — |
| FY25 | $10.00 (Jun 25, 2024) → lowered $4.00 (Sep 19, 2024) → raised $5.00 (Dec 19, 2024) → raised $6.00 (Mar 20, 2025) | — | — | — |
| FY24 | $6.00 (Dec 19, 2023) → raised $7.00 (Mar 21, 2024) | — | — | — |
The latest quarter
FedEx, Q1 FY27: revenue $22.9B (+12% year over year), operating margin 4.7%, net earnings $290M. The chart follows the revenue to costs, profit and cash.
Questions
Does FedEx beat its guidance?
FedEx gave guidance in 13 earnings releases on file since Dec 19, 2023. Of 1 guided period since reported, it met or beat its own guidance 0 times (0%). Tax rate: 0 of 1, on average +2.3 pts against the guided midpoint.
How often does FedEx raise guidance?
Its earnings releases raised guidance 3 times and lowered it twice since Dec 19, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.