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FedEx (FDX) guidance and outlook

FedEx (FDX) raised some and lowered other parts of its guidance on Oct 28, 2026: Revenue +11% for FY2026; Tax rate 22.5% for FY2026; Capital expenditures $3.9B for FY2026; EPS $4.00 for FY2026. FedEx's 10-Q filed Oct 28, 2026 makes 29 forward-looking statements, 10 of them new and 24 no longer said since the filing before.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 28, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 28, 2026

• Additionally, see “ Results of Operations – Consolidated Results”, “ Results of Operations – Outlook” and “ Financial Condition – Liquidity Outlook ” below for additional information on efforts we are taking to mitigate adverse trends.
• Inflation and elevated interest rates continue to affect consumer and business spending patterns, and we expect these factors to continue to negatively affect our results for the remainder of calendar year 2026.
• new · These actions have contributed to weakness in the global economy, and we expect this to continue to adversely affect our results for the remainder of calendar year 2026.
• We continue to submit additional refund claims, pursuant to the CBP process, and expect to receive additional refunds as these claims are processed by CBP.
• The financial impact of these events is uncertain, as it is unclear to what extent duties will be refunded by CBP, what processes will govern such refunds in upcoming CAPE phases, or if we can fully collect related accounts receivable.
• new · As such, we do not anticipate this to continue to adversely affect our operating results after this quarter.
• Many of our operating expenses are directly affected by revenue and volume levels, and we expect these operating expenses to fluctuate on a year-over-year basis consistent with changes in revenue and volumes.
• It is reasonably possible that certain income tax return proceedings will be completed during the next 12 months and could result in a change in our balance of unrecognized tax benefits.
• However, we believe we have recorded adequate amounts of tax, including interest and penalties, for any adjustments expected to occur.
• Based on current trends, we anticipate year-over-year revenue and operating profit growth to continue in the remainder of calendar year 2026.
• We expect continued yield and volume improvement to more than offset expense increases, including higher purchased transportation and wage rates, higher costs associated with the newly ratified pilot Collective Bargaining Agreement (“CBA”), which took effect June 29, 2026, maintenance expense and other inflationary matters.
• We will continue to execute on our business optimization program, including Network 2.0 and associated One FedEx initiatives, where we expect to achieve $1.0 billion in structural cost reduction by the end of calendar year 2026.

FedEx's latest quarter

Questions

Did FedEx raise or lower its guidance?

FedEx (FDX) raised some and lowered other parts of its guidance on Oct 28, 2026: Revenue +11% for FY2026; Tax rate 22.5% for FY2026; Capital expenditures $3.9B for FY2026; EPS $4.00 for FY2026.

What does FedEx expect?

These actions have contributed to weakness in the global economy, and we expect this to continue to adversely affect our results for the remainder of calendar year 2026. As such, we do not anticipate this to continue to adversely affect our operating results after this quarter. We expect the combined pre-tax costs of severance benefits, legal and professional fees, and facilities-related exit costs for announced programs to range from $230 million to $260 million, substantially all of which are cash expenditures, of which $147 million was incurred in fiscal year 2026 and $72 million was incurr

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.