FedEx reports Q3 net income of $290 million

FedEx Corporation announced its third-quarter 2026 financial results, reporting revenue of $22.9 billion, up from $20.4 billion in the prior year. While net income decreased to $290 million, adjusted net income rose to $896 million. The company attributed its performance to stronger package yields, higher volumes, and ongoing cost-reduction initiatives. Consequently, FedEx raised its full-year 2026 revenue growth forecast to approximately 12% and increased its adjusted earnings per share guidance to a range of $18.00 to $18.60. Additionally, the company reported the completion of $2.0 billion in share repurchases during the quarter.