Overview
- The company targets roughly $98 billion in fiscal 2029 revenue excluding the freight unit, with $8 billion in adjusted operating income and an 8% operating margin.
- FedEx said third-quarter adjusted earnings are expected to top Wall Street estimates following an exceptional holiday season, with LSEG consensus at $3.99 per share as of Wednesday.
- Portfolio moves include a planned June 2026 spin-off of FedEx Freight and an approximately $2.6 billion investment for about a 37% stake in InPost at €15.60 per share to accelerate European growth.
- Management highlighted premium B2C and specialized B2B verticals plus expanded use of two petabytes of data and advanced AI, including predictive maintenance that is saving about $10 million annually.
- FedEx plans tight capital discipline with aircraft spending capped at no more than $1 billion through 2029, continued network consolidation, and margin goals of 10% in the U.S. operation and 8% internationally.