FedEx Corporation

FedEx Corporation (FDX) reported revenue of $24.00 billion for the period ended February 28, 2026, in its Q3 fiscal 2026 10-Q filing dated March 19, 2026. Operating expenses totaled $22.65 billion, driven by salaries and employee benefits ($8.82 billion), purchased transportation ($6.08 billion), and other costs including $3.51 billion in other expenses. This resulted in operating income of $1.35 billion. After other expenses of $85.0 million (including net interest of $138.0 million) and income taxes of $207.0 million, net income was $1.06 billion, or $4 diluted earnings per share. Basic EPS was also $4, with dividends declared at $1 per share. Cash provided by operating activities reached $5.66 billion, fueled by net income, depreciation ($1.11 billion), and receivables improvement ($1.09 billion), despite changes in payables. Investing activities used $2.44 billion, mainly capital expenditures ($2.33 billion). Financing provided $2.88 billion, including debt issuances ($4.69 billion) offset by dividends ($1.03 billion) and stock purchases ($796.0 million). Net increase in cash, equivalents, and restricted cash was $6.19 billion. Balance sheet shows total assets of $94.73 billion, with current assets $25.48 billion including $8.01 billion cash equivalents and $11.81 billion receivables. Stockholders' investment is $29.80 billion. A weaker U.S. dollar positively affected results due to foreign revenue exposure, while fuel risk is mitigated by surcharges. Disclosure controls were effective as of period-end.

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