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Fixed Fee. No Gain Share.
FedEx SEC EDGAR · Jul 21, 2026
Following the Spin-Off and beginning the first quarter of the Transition Period, FedEx realigned its internal reporting and management structure, resulting in the identification of two new reportable segments: Express U.S. To assist investors in comparing FedEx’s historical financial results and for informational purposes only, supplemental historical financial information and certain non-GAAP supplemental information reflecting the change in fiscal year end, the presentation of the FedEx Freight business as discontinued operations, and the presentation of FedEx’s new reportable segments is being provided in Exhibit 99.1 hereto.
July 21 at 5:04 a.m. Nathan Kelsey Hall served as postmaster general from 1850 to 1852.An article examining the life of Nathan Kelsey Hall, who served as postmaster general from 1850-1852, was recently added to the postal history section on usps.com. It was written by USPS Historian Stephen Kochersperger and Senior Research Analyst Junemarie Brandt.
Can you talk a little bit about sort of the cost that maybe were lingering in the last year, I guess, fiscal fourth quarter, and maybe how you see those sort of working their way out as we see that growth re-accelerate over the course of the next several months. It'll improve a little bit more year-over-year in the transition year than it does in the calendar year because of the variable comp headwinds in the first five months of the year. I'll go first back to the question about the underlying momentum of business is strong.
Operating income (continuing operations): $4,554 million for calendar 2025. Net income: $4,548 million for calendar 2025 (includes $1,066 million from discontinued operations). Diluted earnings per share: $19.09 for calendar 2025 (continuing operations $14.62; discontinued operations $4.47).
FedEx generated $4.7 billion in adjusted free cash flow in fiscal 2026, up $800 million from the prior year, converting nearly 100% of adjusted net income into cash. One more claim on the cash matters. Set against the $20.24 in adjusted EPS FedEx just delivered for fiscal 2026, that looks like a double-digit cut.
FedEx parcel delivery drivers have moved towards striking for greater protection against outsourcing and artificial intelligence-driven work schedules as the Transport Workers Union threatens a wave of national industrial action across the sector in the coming months. The TWU is applying for a vote to approve strikes for 3000 FedEx employees, a bargaining dispute at the tip of the spear as 220 workplace pay deals are set to expire this quarter, opening the way for transport workers in an array of industries to strike.
Thousands of FedEx members will soon vote on industrial action, as the company continues to threaten job security with its dangerous Amazon-style gig delivery model, and refusal to guarantee a fair future of work. Secure transport jobs around Australia are under attack from the Amazon Effect, with the company undercutting the industry and putting good Australian transport companies out of business through its exploitative Amazon Flex arm, where workers are engaged in "blocks" on a gig model with no standards on pay or conditions. As FedEx members gear up for potential action, hearings commence today in the Fair Work Commission for the union's application to put decent standards in place for parcel delivery, to stop the Amazon Effect smashing the transport industry.
Analysts expect United Parcel Service to post earnings of $1.65 per share and revenue of $21.8334 billion for the quarter. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Citigroup lifted their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th.
