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FedEx (FDX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 28, 2026
FedEx (FDX) reported revenue of $22.9B for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier. Operating margin was 4.7%, net earnings $290M (1.3% of revenue).
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.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.9B | — | +12% |
| Operating profit | $1.1B | — | +10% |
| Net earnings | $290M | — | -68% |
What changed
Revenue was $22.9B in Q1 FY27, up 12% year over year.
Operating profit was $1.1B, a 4.7% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 5% margin then. Total costs grew 12% against revenue growth of 12%. Net earnings were $0.29B, down 68% year over year. The effective tax rate was 31.6%.
Questions
What was FedEx's revenue in the first quarter fiscal 2027?
FedEx (FDX) reported revenue of $22.9B for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier.
Was FedEx profitable in the first quarter fiscal 2027?
Operating profit was $1.1B (4.7% of revenue) and net earnings $290M.
Source: FedEx 10-Q on SEC EDGAR.