FedEx Beats Quarterly Estimates and Raises Full-Year Outlook to 12% Revenue Growth

FedEx reported stronger-than-expected quarterly earnings on October 28, driven by improved shipping rates and higher package volumes, and lifted its full-year calendar-year guidance to reflect approximately 12% revenue growth. The results mark the company's first earnings report since it shifted to a calendar-year reporting cycle following the spin-off of FedEx Freight in June 2026.

Revenue and profit both came in above Wall Street estimates for the quarter, with Reuters noting the outperformance was fueled by better pricing discipline and volume gains across the network. The company raised its annual profit forecast above prior analyst estimates, positioning it ahead of the peak holiday shipping season.

The guidance increase signals management confidence that yield improvements and continued volume momentum will sustain growth into the final months of the year. The raised outlook arrives as FedEx operates for the first time as a pure-play package carrier, having separated its less-than-truckload freight unit earlier in 2026.