Compared to Estimates, FedEx (FDX) Q2 Earnings: A Look at Key Metrics

Core Viewpoint - FedEx reported strong financial results for the quarter ended November 2025, with revenue and earnings exceeding analyst expectations, indicating robust underlying performance despite some mixed metrics in specific segments [1][2]. Financial Performance - Revenue for the quarter was $23.47 billion, reflecting a year-over-year increase of 6.8% [1]. - Earnings per share (EPS) reached $4.82, up from $4.05 in the same quarter last year, representing a significant increase [1]. - The reported revenue surpassed the Zacks Consensus Estimate of $22.86 billion by 2.64%, while the EPS exceeded the consensus estimate of $4.07 by 18.43% [1]. Key Metrics - FedEx's stock has returned +7.5% over the past month, outperforming the Zacks S&P 500 composite's +0.9% change [3]. - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]. Segment Performance - Average daily package volume for international economy was 583 thousand, closely matching the analyst estimate of 583.31 thousand [4]. - Total international export average daily volume was 1.16 million, slightly above the estimate of 1.14 million [4]. - Revenue per package for international export composite was $53.15, exceeding the estimate of $52.10 [4]. - Revenue from the international economy package segment was $1.51 billion, slightly below the estimate of $1.53 billion, marking a year-over-year decline of 4.9% [4]. - Total international export package revenue was $3.89 billion, surpassing the estimate of $3.79 billion, with a year-over-year increase of 2% [4]. - U.S. priority package revenue was $2.84 billion, above the estimate of $2.73 billion [4]. - U.S. ground package revenue was $9.17 billion, exceeding the estimate of $8.85 billion [4]. - Overall revenue for the FedEx segment was $20.43 billion, above the estimate of $19.7 billion, reflecting an 8.5% year-over-year increase [4]. - FedEx Freight segment revenue was $2.14 billion, below the estimate of $2.19 billion, with a year-over-year decline of 1.8% [4]. - Revenue from other and eliminations was $897 million, below the estimate of $924.96 million, representing a year-over-year decline of 5.5% [4]. - International priority freight revenue was $617 million, below the estimate of $679.95 million, with a year-over-year decline of 3.6% [4].