FedEx Is Up ~22% This Year but Reddit Traders Are Betting Against the Freight Spin-Off

Quick Read FedEx (FDX) is up 22% year to date with Q2 FY26 adjusted EPS of $4.82 beating estimates by 17%, yet sentiment on Reddit has turned bearish ahead of the June 1, 2026 spin-off of FedEx Freight (FDXF) due to operating margin compression from 15% to 12% and four consecutive quarters of freight revenue decline. FedEx is separating its lower-margin Freight division while the parent company’s DRIVE program has generated $4B in cumulative savings since FY2023 and management raised full-year EPS guid ...