FedEx Freight Holding Company, Inc.'s results for four-month transition period ended Sep 30, 2026 (values use the three months ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-29. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $2,442 million (+8.1% vs a year earlier) |
| Diluted EPS (GAAP) | $0.98 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $1.49 |
| Full-year guidance | Mixed |
Guidance
FedEx Freight's transition-period outlook mixed: revenue and adjusted EPS ($2.80–$2.90) raised; operating income and EPS before MTM adjustments lowered. Q4 revenue $2.30–$2.37 billion.
Why this label: Transition-period outlook: revenue above original guide and adjusted EPS/op income up, but GAAP operating income and EPS below prior forecasts.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| revenue | Transition Period (Jun 1–Dec 31, 2026) | $5.58–$5.65 billion | 4%–6% revenue growth (original guidance) |
| operating income (GAAP) | Transition Period (Jun 1–Dec 31, 2026) | $465–$485 million | $475–$515 million |
| adjusted operating income | Transition Period (Jun 1–Dec 31, 2026) | $695–$715 million | $605–$645 million |
| diluted EPS before MTM adjustments | Transition Period (Jun 1–Dec 31, 2026) | $1.69–$1.79 | $1.75–$1.95 |
| adjusted diluted EPS (also excl. spin-off costs) | Transition Period (Jun 1–Dec 31, 2026) | $2.80–$2.90 | $2.40–$2.60 |
| capital expenditures | Transition Period (Jun 1–Dec 31, 2026) | ~$365 million | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| revenue | three months ending Dec 31, 2026 | $2.30–$2.37 billion |
| adjusted operating income | three months ending Dec 31, 2026 | $185–$205 million |
| diluted EPS before MTM / adjusted diluted EPS | three months ending Dec 31, 2026 | $0.15–$0.25 / $0.65–$0.75 |
From the release
Revenue: "Revenue · $ 839 · $ 745 · $ 2,442 · $ 2,259 · $ 3,281 · $ 3,004"
Earnings per share: "GAAP measure · $ 253 · 10.4 % · $ 57 · $ 147 · $ 0.98 · Spin-off costs · 105 · 4.3 · 29 · 76 · 0.51 · Non-GAAP measure · $ 358 · 14.7 % · $ 86 · $ 223 · $ 1.49"
revenue: "Revenue of $5.58 billion to $5.65 billion, which is above the original guidance of a 4% to 6% revenue growth rate"
operating income (GAAP): "Operating income of $465 million to $485 million, compared to the prior forecast of $475 million to $515 million"
adjusted operating income: "Adjusted operating income of $695 million to $715 million, compared to the prior forecast of $605 million to $645 million"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Raised transition-period adjusted EPS outlook to $2.80–$2.90 from $2.40–$2.60; EPS before MTM adjustments cut.
Source
FedEx Freight Holding Company, Inc. earnings release (SEC filing), accession 0001628280-26-068228, filed 2026-10-29.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.