Filing Flows › FedEx (FDX) › Q4 FY26 › vs Q3 FY26
FedEx (FDX) Q4 FY26 vs Q3 FY26 (quarter over quarter)
FedEx's revenue rose $1.0B (+4%) from $24.0B in Q3 FY26 to $25.0B in Q4 FY26. Operating margin 6.2% against 5.6% (+0.6 pts).
FedEx, Q4 FY26: revenue $25.0B (+12% year over year), operating margin 6.2%, net earnings $1.6B, operating cash flow $3.3B. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 6.2% | 5.6% | +0.6 pts |
| Net margin | 6.4% | 4.4% | +2.0 pts |
| Free cash flow margin | 7.2% | 4.3% | +2.8 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $25.0B | $24.0B | $1.0B | +4% |
| Other income, net | $556M | −$85.0M | $641M | — |
| Operating profit | $1.6B | $1.3B | $203M | +15% |
| Costs & expenses | $23.5B | $22.7B | $804M | +4% |
| Pre-tax earnings | $2.1B | $1.3B | $844M | +67% |
| Net earnings | $1.6B | $1.1B | $541M | +51% |
| Income tax | $510M | $207M | $303M | +146% |
| Depreciation & amortization | $1.1B | $1.1B | −$15.0M | -1% |
| Share-based compensation | $41.0M | $37.0M | $4.0M | +11% |
| Working capital & other | $530M | −$212M | $742M | — |
| Operating cash flow | $3.3B | $2.0B | $1.3B | +64% |
| Free cash flow (OCF − capex) | $1.8B | $1.0B | $753M | +73% |
| Capital expenditures | $1.5B | $955M | $519M | +54% |
Questions
How much did FedEx's revenue grow quarter over quarter in Q4 FY26?
FedEx's revenue rose $1.0B (+4%) from $24.0B in Q3 FY26 to $25.0B in Q4 FY26. Operating margin 6.2% against 5.6% (+0.6 pts).