Achieved Record-Low Department of Transportation (DOT) Preventable Accident Performance, Underscoring Commitment to Safety Above All
Completed Spin-off from FedEx Corp. and Began Trading as an Independent Company on June 1, 2026
Introduces Guidance for Seven-Month Transition Period Ending December 31, 2026
MEMPHIS, Tenn., June 25, 2026--(BUSINESS WIRE)--FedEx Freight (NYSE: FDXF) today reported segmented financial results for the fourth quarter and full fiscal year ended May 31, 2026, as previously released by FedEx Corporation.
"FedEx Freight delivered a solid quarter reflecting the resilience of our business, the dedication of our team members, and the value we provide customers across North America," said John Smith, president and chief executive officer, FedEx Freight. "As a newly independent public company, we are moving forward with a clear strategy focused on profitable growth and service differentiation. We have full confidence in our outstanding people, unmatched network, and ability to create meaningful long-term value for shareholders."
Fourth quarter and full-year fiscal 2026 results included herein are as reported in the FedEx Freight segment results of FedEx Corporation and not presented on a carve-out basis. See "Non-GAAP Financial Measures" below for reconciliations of and additional information regarding non-GAAP financial measures.
Fourth Quarter Fiscal 2026 Highlights Compared to Prior Year
Revenue was $2.4 billion, a 4.8% increase
Operating income was $158 million, a 66.9% decrease; adjusted operating income was $363 million, a 23.9% decrease
Operating margin of 6.6% and adjusted operating margin of 15.1% compared to an operating margin of 20.8%
Average daily shipments of 86.7 thousand, a 5.9% decrease
Revenue per shipment of $415.22, an 11.5% increase
Weight per shipment of 948 pounds, a 3.0% increase
Revenue per hundredweight of $43.79, an 8.2% increase
Full Fiscal 2026 Highlights Compared to Prior Year
Revenue was $8.8 billion, a 1.1% decrease
Operating income was $616 million, a 58.6% decrease; adjusted operating income was $1.1 billion, a 25.6% decrease
Operating margin of 7.0% and adjusted operating margin of 12.6% compared to an operating margin of 16.7%
Fourth Quarter Fiscal 2026 Financial Summary
FedEx Freight Segment revenue increased 4.8% year-over-year in the fourth quarter of fiscal 2026. The increase was primarily driven by the favorable impact of fuel surcharges and higher weight per shipment. These factors were partially offset by lower volumes and a slight decline in base revenue per hundredweight.