Cargo giant FedEx Corp. (NYSE: FDX) has reported an increase in revenues and adjusted earnings for the second quarter of fiscal 2026. The numbers also beat analysts’ estimates.
Adjusted earnings increased to $4.82 per share in Q2 from $4.05 per share in the year-ago quarter, exceeding Wall Street’s expectations. On a reported basis, net income was $956 million or $4.04 per share in the November quarter, compared to $741 million or $3.03 per share in Q2 2025.
Total revenues came in at $23.5 billion in the second quarter, compared to $22.0 billion in the same quarter a year ago. For fiscal 2026, the company expects revenues to grow 5-6% year-over-year. The guidance for unadjusted earnings per share for FY26 is $14.80 to $16.00, while adjusted earnings are expected to be in the range of $17.80 per share to $19.0 per share.
“FedEx delivered an outstanding second quarter as we successfully executed our growth strategy and advanced our network transformation, while navigating a highly challenging external environment,” said FedEx CEO Raj Subramaniam.