Oct 28, 4:12 PM ET
FedEx reported its third quarter financial results for the period ended September 30, 2026, showing revenue of $22.9 billion and diluted earnings per share of $1.21 on a GAAP basis. The company completed $2.0 billion in share repurchases and raised its full-year calendar 2026 revenue and adjusted earnings per share outlook. Additionally, FedEx completed the sale of FedEx Supply Chain to CMA CGM Group for approximately $1.4 billion.
- Revenue reached $22.9 billion for the quarter ended September 30, 2026, compared to $20.4 billion in the prior-year period.
- FedEx completed $2.0 billion of share repurchases and raised its calendar 2026 adjusted diluted EPS forecast to $18.00 to $18.60.
- The sale of FedEx Supply Chain to CMA CGM Group was completed on October 1, 2026, for approximately $1.4 billion.
- Parcel shipping rates are scheduled to increase by an average of 5.9% effective January 4, 2027.
Read the filing on SEC.gov ↗
Oct 28, 4:05 PM ET
FedEx Corporation changed its fiscal year end to December 31 and completed the spin-off of FedEx Freight into a publicly traded company on June 1, 2026. The company also realigned its internal reporting into Express U.S. Domestic and Express International segments and sold its FedEx Supply Chain business for $1.4 billion on October 1, 2026. Supplemental historical financial information has been provided to reflect these structural changes.
- Changed fiscal year end from May 31 to December 31, effective June 1, 2026.
- Completed spin-off of FedEx Freight on June 1, 2026, presenting it as discontinued operations.
- Completed the sale of FedEx Supply Chain to CMA CGM Group for $1.4 billion on October 1, 2026.
- Realigned reportable segments into Express U.S. Domestic and Express International.
Read the filing on SEC.gov ↗
Oct 26, 7:15 AM ET
FedEx said on October 26, 2026 that Jamere Jackson will become Executive Vice President and Chief Financial Officer effective November 30, 2026, succeeding Claude F. Russ, who has been interim CFO since June 1, 2026. Jackson has been CFO of AutoZone since January 1, 2021, and previously held CFO roles at Hertz and Nielsen Holdings. The filing also discloses his pay package, including a $1,000,000 base salary and a $2,000,000 signing bonus.
- Jackson starts as CFO on November 30, 2026, replacing interim CFO Claude F. Russ, who has held the role since June 1, 2026
- Jackson's annual base salary is $1,000,000, with a target annual incentive of 120% of eligible earnings paid during TY26
- He will receive a $2,000,000 signing bonus in two installments (November 2026 and November 2027) and a one-time special RSU award with a grant date fair value of $5,000,000
- Jackson was CFO of AutoZone from January 1, 2021, and CFO of Hertz Global Holdings from 2018 to 2020
Read the filing on SEC.gov ↗
Jul 24, 4:05 PM ET
On July 20, 2026, FedEx's Board approved an Executive Severance Plan that will govern all future executive officer separations and replaces the Management Retention Agreements with each executive officer. The plan ties severance benefits to a full release of claims and non-compete and non-solicit covenants, and FedEx would seek to recover benefits paid to executives who violate those covenants.
- Plan approved July 20, 2026; the CEO's lump sum multiplier is 2x base salary plus target bonus, 1.5x for executives with 10 or more years of service, and 1x for others
- Double-trigger change of control protection: qualifying terminations within 24 months after a change of control carry a 2x multiplier for all executives
- The filing also discloses a one-time special bonus pool, set in June 2026, for about 1,100 managing directors and above; CEO Rajesh Subramaniam will receive $1,900,000 and Brie A. Carere $850,000 in July 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
