Filing Flows › FedEx (FDX) › Q3 FY26
FedEx (FDX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 19, 2026
FedEx (FDX) reported revenue of $24.0B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +2% from the quarter before. Operating margin was 5.6%, net earnings $1.1B (4.4% of revenue).
FedEx, Q3 FY26: revenue $24.0B (+8% year over year), operating margin 5.6%, net earnings $1.1B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0B | +2% | +8% |
| Operating profit | $1.3B | -2% | +4% |
| Net earnings | $1.1B | +10% | +16% |
| Operating cash flow | $2.0B | +2% | -0.9% |
| Free cash flow | $1.0B | -13% | +2% |
What changed
Revenue was $24.0B in Q3 FY26, up 8% year over year and up 2% from the previous quarter.
Operating profit was $1.3B, a 5.6% margin (down 0.2 points year over year). Of the extra revenue versus Q3 FY25, 3% reached operating profit, below the 6% margin then. Total costs grew 9% against revenue growth of 8%. Net earnings were $1.1B, up 16% year over year. The effective tax rate was 16.4%.
Operating cash flow was $2.0B (down 1% year over year), 189% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $1.0B left free cash flow of $1.0B.
Questions
What was FedEx's revenue in the third quarter fiscal 2026?
FedEx (FDX) reported revenue of $24.0B for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +2% from the quarter before.
Was FedEx profitable in the third quarter fiscal 2026?
Operating profit was $1.3B (5.6% of revenue) and net earnings $1.1B.
Source: FedEx 10-Q on SEC EDGAR.