0001048911-26-000011
SEC filingFedEx 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.
FedEx Corporation's 10-Q for Q3 fiscal 2026, period ended February 28, 2026, details revenue of $24.00 billion. Total operating expenses were $22.65 billion, comprising salaries and employee benefits ($8.82 billion), purchased transportation ($6.08 billion), rentals and landing fees ($1.24 billion), depreciation and amortization ($1.11 billion), fuel ($856.0 million), maintenance ($771.0 million), separation and other costs ($202.0 million), business optimization costs ($65.0 million), and other ($3.51 billion). Operating income was $1.35 billion. Other expenses totaled $85.0 million, including interest net ($138.0 million), other retirement plans net ($59.0 million), and other net ($6.0 million). Income before taxes $1.26 billion, provision for taxes $207.0 million, yielding net income $1.06 billion. Diluted and basic EPS both $4. Dividends declared per share $1. No prior period figures provided for direct QoQ comparison. Cash from operations $5.66 billion. Total assets $94.73 billion, liabilities and equity balance. (152 words)
Revenue totaled $24.00 billion. No segment or geographic breakdowns disclosed in the provided filing content. Expense details indicate key cost areas supporting operations: purchased transportation $6.08 billion reflects outsourcing, salaries $8.82 billion personnel costs, fuel $856.0 million and rentals $1.24 billion facility-related. Item 3 notes principal foreign currency risks (euro, Chinese yuan, British pound, Canadian dollar, Australian dollar, Mexican peso, Hong Kong dollar, Japanese yen), with revenue more exposed than U.S. dollar-denominated expenses like aircraft and fuel. Weaker U.S. dollar during nine months of 2026 had positive effect on results. No quantitative segment data or growth drivers specified beyond aggregates. (118 words)
Operating income $1.35 billion on $24.00 billion revenue; no explicit margins disclosed. Costs include separation ($202.0 million) and optimization ($65.0 million), indicating restructuring. Interest expense $138.0 million and retirement plans $59.0 million pressured profitability. Tax provision $207.0 million. EPS $4 reflects earnings delivery. No prior margins for trend analysis. Cost structure shows heavy reliance on labor and transportation, with depreciation $1.11 billion ongoing. (78 words)
Operating cash flow $5.66 billion, driven by net income $1.06 billion, depreciation $1.11 billion, receivables decrease $1.09 billion (provision $694.0 million), offset by other noncash -$2.20 billion and payables decrease -$2.14 billion. Investing cash used $2.44 billion (capex $2.33 billion). Financing provided $2.88 billion (debt proceeds $4.69 billion, payments $714.0 million, dividends $1.03 billion, stock buys $796.0 million). Net cash increase $6.19 billion; end cash, equivalents, restricted $5.50 billion. Balance sheet: current assets $25.48 billion (cash $8.01 billion, restricted $3.68 billion, receivables $11.81 billion). Net property $41.54 billion. Total assets $94.73 billion. Current liabilities $17.29 billion, long-term debt $22.83 billion (current portion $2.42 billion), total equity $29.80 billion (retained $42.86 billion, treasury -$16.49 billion). (148 words)
No explicit management guidance provided. Item 3 states no material changes in market risk since Annual Report. Foreign currency exposure significant for revenue; weaker dollar positive in nine months 2026. Fuel price risk mitigated by indexed surcharges. Disclosure controls and procedures effective as of February 28, 2026; no material changes in internal controls. Strategic costs like separation and optimization ongoing. (72 words)