FedEx(FDX)
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FedEx Reports Higher Second-Quarter Revenue As Package Volumes Rise
WSJ· 2025-12-18 21:48
The results prompted the shipping company to raise the bottom end of its outlook for the full year. ...
联邦快递第二财季调整后净利润11.4亿美元 同比增长15%
Mei Ri Jing Ji Xin Wen· 2025-12-18 21:47
每经AI快讯,12月19日消息,联邦快递第二财季营收235亿美元,同比增长6.8%;调整后净利润11.4亿 美元,同比增长15%,调整后每股收益为4.82美元,同比增长19%。公司预计本财年调整后每股收益为 17.80美元至19美元。 ...
FedEx(FDX) - 2026 Q2 - Quarterly Report
2025-12-18 21:17
Revenue Growth - Revenue increased by 7% in Q2 2026 and 5% in the first half of 2026, primarily due to improvements in U.S. domestic and international priority base yields, increased U.S. domestic package volume, and favorable exchange rates [140]. - Federal Express segment revenue increased by 8% in Q2 2026 and 6% in the first half of 2026, attributed to yield improvements and increased domestic package volumes [141]. - The company anticipates revenue growth to continue into the second half of 2026, driven by U.S. Domestic service offerings, despite constraints in international revenue due to geopolitical uncertainties [154]. - U.S. domestic package volume rose by 6% in Q2 2026 and 5% in the first half of 2026, primarily due to increased U.S. ground home delivery/economy package volumes [173]. - International priority package yield increased by 9% in Q2 2026 and 11% in the first half of 2026, attributed to higher base yields and favorable exchange rates [174]. Operating Income and Margins - Operating income rose by 31% in Q2 2026 and 20% in the first half of 2026, driven by improved yields and structural cost reductions from business optimization initiatives [129]. - Operating income for the second quarter of 2026 was $1,378 million, a 31% increase from $1,052 million in the same period of 2025, while operating income for the first half rose by 20% to $2,564 million from $2,132 million [142]. - Operating margin for the Federal Express segment improved by 200 basis points to 7.6% in Q2 2026, while the FedEx Freight segment's margin decreased by 1,010 basis points to 4.2% [128]. - Federal Express segment operating income surged by 47% in Q2 2026 and 34% in the first half of 2026, supported by higher package yields and structural cost reductions [175]. Costs and Expenses - Operating expenses for the three months ended November 30, 2025, increased by 6% to $22,091 million compared to $20,915 million in 2024, with total operating expenses for the six months rising by 4% to $43,149 million from $41,414 million [142]. - Salaries and employee benefits increased by 7% in the second quarter and 5% in the first half of 2026, primarily due to higher wage rates and variable incentive compensation [142]. - Business optimization costs amounted to $30 million in the second quarter and $97 million in the first half of 2026, compared to $326 million and $454 million in the same periods of 2025, respectively [146]. - Total operating expenses as a percentage of revenue increased to 95.8% in Q2 2026 from 85.7% in Q2 2025 [179]. Spin-off and Related Costs - Costs related to the planned spin-off of FedEx Freight amounted to $205 million in Q2 2026 and $246 million in the first half of 2026 [130]. - The planned spin-off of FedEx Freight is expected to incur costs of $205 million in the second quarter of 2026 and $248 million in the first half of 2026, primarily for professional services [143]. - Operating income for the FedEx Freight segment decreased by 71% in Q2 2026 and 40% in the first half of 2026, primarily due to higher costs related to the planned spin-off and reduced demand [182]. Capital Expenditures and Stock Repurchase - Capital expenditures for 2026 are projected to be approximately $4.5 billion, an increase of $0.4 billion from 2025, driven by investments in Network 2.0 and modernization efforts [157]. - The company repurchased $276 million of common stock during Q2 2026, with a total of $1.3 billion remaining available for future repurchases [134]. - FedEx repurchased $276 million of common stock in the second quarter and $776 million in the first half of 2026 [202]. Financial Position and Liquidity - Cash and cash equivalents totaled $6.6 billion at November 30, 2025, up from $5.5 billion at May 31, 2025 [185]. - The company held $6.6 billion in cash and cash equivalents at November 30, 2025, with an additional $3.5 billion in available liquidity from credit agreements [201]. - The planned spin-off of FedEx Freight is expected to incur significant costs but is not anticipated to adversely affect liquidity [201]. Risks and Market Conditions - Global inflation and elevated interest rates are expected to continue negatively affecting demand for transportation services throughout 2026 [124]. - The company faces risks related to failure in receiving expected insurance coverage and disruptions from third-party service providers [217]. - The company is exposed to intense competition affecting its ability to maintain or grow revenue and market share [217]. - The company has significant foreign currency exchange rate risks, particularly with the euro, Chinese yuan, and British pound [220]. - A stronger U.S. dollar positively impacted the company's results during the first half of 2026 [220]. Employee Relations and Compliance - The workforce reduction plan in Europe is expected to yield annualized savings of approximately $150 million starting in calendar 2026, following the completion of the plan impacting around 1,400 employees [148]. - The company is focused on maintaining good employee relations to avoid increased operating costs from labor organization attempts [217]. - The company is subject to increasing costs related to compliance with data protection regulations [217].
X @Bloomberg
Bloomberg· 2025-12-18 21:14
FedEx raised the low end of its full-year profit and sales outlook, signaling the company’s efforts to slash costs and streamline its delivery networks are bearing fruit as demand improves. https://t.co/mUpLnK8Gwf ...
FedEx(FDX) - 2026 Q2 - Quarterly Results
2025-12-18 21:10
Raises Full-year Fiscal 2026 Revenue and Earnings Outlook On Track to Spin Off FedEx Freight on June 1, 2026 MEMPHIS, Tenn., December 18, 2025 ... FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below): | | Fiscal 2026 | | Fiscal 2025 | | | --- | --- | --- | --- | --- | | | As Reported | Adjusted | As Reported | Adjusted | | | (GAAP) | (non-GAAP) | (GAAP) | (non-GAAP) | | Revenue | $23.5 billion | ...
FedEx Reports Strong Second Quarter Earnings Growth Year-Over-Year
Businesswire· 2025-12-18 21:07
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below): | Fiscal 2026 | Fiscal 2025 | | | | | --- | --- | --- | --- | --- | | As Reported | Adjusted | As Reported | Adjusted | | | (GAAP) | (non-GAAP) | (GAAP) | (non-GAAP) | | | Revenue | $23.5 billion | $23.5 billion | $22.0 billion | $22.0 billion | | Operating income | $1.38 billion | $1.61 billion | $1.05 billion ...
Why FedEx Stock Is Falling Despite Earnings Surprise And Price Target Hikes
Investors· 2025-12-19 14:37
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FDX Fixes Itself in Rebound Rally, Mind Headwinds Into Earnings
Youtube· 2025-12-18 17:05
We're back on Morning Trade Live. FedEx will be in focus this afternoon when the company reports earnings after the close. Analysts are expecting adjusted EPS of $4.7% on revenue of 22.88% billion.Shares are flat this year and up 2% this month. We are trading around 1.5% or so higher this morning at 286 and change for FedEx. All right, let's go inside out on this name ahead of earnings.Joining us now is Don Nesbet who's the senior portfolio manager at FM Investments. Nice to see you there, Don. What are you ...
Dow Jones Today: Stock Indexes Jump After Inflation Data Comes in Cooler Than Expected; Dow, S&P 500 Poised to Snap 4-Session Skids; Gold Sets Record
Investopedia· 2025-12-18 17:00
Stock futures pointed higher ahead of delayed Consumer Price Index data Thursday, with the blue-chip Dow Jones Industrial Average and benchmark S&P 500 aiming to end four-session losing streaks. Futures associated with the tech-heavy Nasdaq, S&P 500, and Dow were up 0.8%, 0.5%, and 0.2%, respectively. Yesterday, they closed down a respective 1.8%, 1.2%, and 0.5%, as AI bubble concerns resumed. The belated inflation report at 8:30 a.m. ET is expected to show the Consumer Price Index rose 3.1% over the ...
How To Earn $500 A Month From FedEx Stock Ahead Of Q2 Earnings - FedEx (NYSE:FDX)
Benzinga· 2025-12-18 15:21
Earnings Report - FedEx Corporation is set to release its second-quarter earnings results, with analysts expecting earnings of $4.10 per share, an increase from $4.05 per share in the same period last year [1] - The consensus estimate for FedEx's quarterly revenue is $22.79 billion, compared to $21.97 billion reported in the previous year [1] Revenue Performance - The company has surpassed analyst revenue estimates in four consecutive quarters and in five of the last ten quarters overall [2] Dividend Information - FedEx currently has an annual dividend yield of 2.06%, with a quarterly dividend of $1.45 per share, totaling $5.80 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 1,034 shares, equating to a total investment of about $291,805 [4] - For a more conservative monthly income goal of $100, an investor would need 207 shares, requiring an investment of around $58,417 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on changes in stock price [5] - Changes in the dividend payment itself can also affect the dividend yield; an increase in the dividend payment raises the yield, while a decrease lowers it [6] Stock Performance - Shares of FedEx experienced a slight decline of 0.1%, closing at $282.21 on Wednesday [6]