FedEx 8-K
PositiveEarnings
FedEx Freight spin-off and calendar-year switch drive a historical recast, with Express split into U.S. Domestic and International segments.
Filed 2026-07-21 16:09 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Historical financial information recast for FedEx’s fiscal-year change, FedEx Freight spin-off and new segment structure. FedEx changed its year-end to December 31 effective 6/1/2026; it will report a seven-month transition period through 12/31/2026, then calendar-year results beginning with FY2027. The recast presents FedEx Freight as discontinued operations and separates Express U.S. Domestic and Express International; it does not restate or reissue prior statements and does not affect consolidated results or financial position.
Key Figures
| Metric | Year ended 12/31/2025 | Year ended 12/31/2024 | Y/Y |
|---|---|---|---|
| Revenue | $82.5B | $79.1B | 4.2% |
| Operating income (GAAP) | $4.55B | $3.27B | 39.2% |
| Operating income (non-GAAP) | $5.01B | $4.19B | 19.7% |
| Net income from continuing operations (GAAP) | $3.48B | $2.65B | 31.6% |
| Net income from continuing operations (non-GAAP) | $3.53B | $3.00B | 17.7% |
| Diluted EPS from continuing operations (GAAP) | $14.62 | $10.74 | 36.1% |
| Diluted EPS from continuing operations (non-GAAP) | $14.83 | $12.18 | 21.8% |
- The non-GAAP figures are recast continuing-operations measures adjusted for items such as business optimization costs, impairment charges and retirement-plan accounting adjustments; they are supplemental, not substitutes for GAAP results.
- FedEx announced it would sell FedEx Supply Chain to CMA CGM Group for $1.4B, with closing expected in the second half of 2026. Upon closing, FedEx Supply Chain will no longer be consolidated.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch the seven-month transition-period report through 12/31/2026 and the move to calendar-year reporting beginning FY2027.
- The expected second-half 2026 closing of the FedEx Supply Chain sale will determine when it leaves FedEx’s consolidated results.
The summary is written by an AI model reading the filing.
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