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FedEx (NYSE: FDX) shares fell nearly 6% in after-hours trading on Tuesday after the global shipping and logistics giant issued a fiscal 2026 earnings outlook that missed Wall Street expectations, overshadowing stronger-than-expected fourth-quarter results.
The package delivery company reported adjusted earnings per share (EPS) of $6.31 for the fourth quarter, exceeding analysts’ forecast of $5.92. Revenue reached $25 billion, beating the consensus estimate of $24.01 billion, supported by higher shipping rates and improved pricing across key business segments.
Despite the solid quarterly performance, investors focused on FedEx’s weaker earnings guidance for fiscal 2026. The company projected annual EPS between $16.90 and $18.10, significantly below analysts’ average estimate of $19.86. However, the forecast still represents growth from fiscal 2025 earnings of $15.00 per share. FedEx also expects revenue to increase by approximately 11% over the coming year.
The outlook underscores ongoing challenges in the global delivery and logistics industry. FedEx and rival United Parcel Service (UPS) continue to navigate shifting U.S. trade policies and softer e-commerce shipping demand. Recent changes to the “de minimis” exemption for low-value imports have reduced shipment volumes from major China-linked online retailers such as Shein and Temu, creating additional pressure on cross-border package deliveries.
Claude Russ, FedEx’s enterprise vice president of finance and interim chief financial officer, said the company remains focused on driving revenue growth, improving earnings, and generating stronger free cash flow. He added that the company’s ongoing transformation efforts are designed to create long-term shareholder value.
Investors are also closely watching FedEx’s premium overnight delivery business, which could help offset weakness in broader e-commerce shipping volumes. Market participants are looking for evidence that demand in higher-margin services can support future earnings growth.
The latest quarterly report also included results from FedEx’s trucking business, which was spun off earlier this month. FedEx stock closed at $316.83 before the earnings announcement and dropped to approximately $298.30 in after-hours trading as investors reacted to the company’s cautious earnings outlook.
