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FedEx FDX Q1 2026 earnings

Reported September 18, 2025 · After market close

Revenue$22.2BBeat by $596.8M
EPS$3.83Beat by $0.23
Revenue estimate$21.6B
EPS estimate$3.60

Next report

Sep 17, 2026 (In 2 weeks)
Revenue estimate$23.2B
EPS estimate$4.21

Financials

Q1 2026

Income statement

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Revenue$22.2B+3.1%
Operating income$1.2B+9.8%
Net income$824.0M+3.8%
EPS (diluted)$3.46+7.8%

Balance sheet

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Cash & equivalents$6.2B+3.8%
Total debt$38.7B+1.3%
Total equity$27.8B+2.2%
Total assets$88.4B+2.0%

Cash flow

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Operating cash flow$1.7B+44.6%
CapEx$623.0M-18.8%
Free cash flow$1.1B+160%

Valuation & ratios

Valuation

as of 08/31/25
See full
Market cap$54.52B-25.5%
Enterprise value$87.06B-17.4%
P/E13.2×-4.9×
P/S0.6×-0.2×

Profitability

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Operating margin6%+0.1pp
Net margin4.7%0.0pp
FCF margin4.1%+1.1pp

Returns & leverage

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Return on equity15%-0.1pp
Debt / equity1.4×0.0×
Current ratio1.2×0.0×

Segments

By product

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U.S. ground$8.7B+7.4%
U.S. priority$2.8B+6.8%
International priority$2.3B+2.4%
International economy$1.4B-0.4%
U.S. deferred$1.3B+10.6%

By segment

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Total Federal Express segment$19.1B+4.4%
FedEx Freight segment$2.3B-3.1%

FAQ

When did FedEx report Q1 2026 earnings?
FedEx (FDX) reported Q1 2026 earnings on September 18, 2025 after market close.
What were FedEx's Q1 2026 revenue and EPS?
FedEx reported revenue of $22.2B and eps of $3.83 for Q1 2026.
Did FedEx beat estimates in Q1 2026?
Revenue beat the consensus estimate of $21.6B by $596.8M. EPS beat the consensus estimate of $3.60 by $0.23.
How did FedEx's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.1% from $21.6B a year earlier and eps grew 6.4% from $3.60.
Where can I find FedEx's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001048911-25-000042) and the 10-Q periodic report (0001048911-25-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.