FedEx Corp (NYSE:FDX, ETR:FDX) late Thursday reported first quarter 2026 financial results that exceeded Wall Street expectations on both the top and bottom lines.
The package delivery company posted adjusted earnings per share for the quarter of $3.83, surpassing the $3.59 analyst consensus estimate based on a survey conducted by LSEG.
FedEx’s revenue for the period, meanwhile, came in at $22.24 billion, better than the forecast of $21.66 billion.
“Our earnings growth underscores the success of our strategic initiatives, as we are flexing our network and reducing our cost-to-serve, while further enhancing our value proposition and customer experience,” FedEx Corp CEO Raj Subramaniam said in a statement.
The company noted its average daily volumes in the US during the quarter rose 6% year-over-year.
As well, FedEx said it sees revenue growth in 2026 in the range of 4% to 6%, compared with the 1.2% growth expected by Wall Street.
The company cautioned, however, that trade policies represent a $1 billion headwind for fiscal 2026.
FedEx shares gained about 1% in pre-market trading on Friday.