FedEx 10-Q: Q3 Revenue $22.9B, EPS $1.21; InPost Stake and Supply Chain Sale Detailed
FDX sits 49% above its 52-week low of $199.305.
Summary
FedEx's Q3 10-Q shows 12% revenue growth to $22.9 billion and $1.21 diluted EPS, with net income compressed by a $1.2 billion non-cash mark on the retained Freight stake. It also details the €2.2 billion InPost investment, the $1.4 billion Supply Chain sale and $4.6 billion of tariff refund claims.
Key Events · Earnings and Guidance · FDX
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Q3 Revenue Up 12% to $22.9B
Three-month revenue of $22,855 million versus $20,432 million, with operating income of $1,067 million (4.7% margin) up 10%.
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EPS Hit by Non-Cash Freight Mark
Diluted EPS was $1.21 versus $2.73, after a $1,238 million unrealized loss on the retained 19.9% FedEx Freight stake — a mark-to-market entry, not cash or new dilution.
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€2.2B InPost Stake Acquired
On September 24, 2026 FedEx bought a 37% equity-method interest in Lux TopCo for €2.2 billion, recorded as a $2,501 million equity method investment.
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Supply Chain Sold for $1.4B
The FedEx Supply Chain sale to CMA CGM closed October 1, 2026 for $1.4 billion cash, net of about $35 million of transaction expenses.
Analysis · FDX · Energy & Transportation
The headline numbers were already out in same-day filings, but the 10-Q is where the balance sheet and cash flow land. Revenue rose 12% to $22.9 billion and operating income 10% to $1.07 billion, yet net income fell to $290 million from $645 million because the quarter absorbed a $1.2 billion non-cash mark-to-market loss on the retained 19.9% FedEx Freight stake — a paper swing driven by the share price, not cash or new dilution. Cash fell $5.35 billion to $8.0 billion as FedEx funded $2.0 billion of buybacks, a €2.2 billion InPost stake and $5.7 billion of debt repayment, partly offset by $3.9 billion of new notes. The $1.4 billion Supply Chain sale closed October 1 and the $4.6 billion of IEEPA tariff refund claims ($3.3 billion already collected) remain an unresolved cash item.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FDX was trading at $296.76 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $72.1B. The 52-week trading range was $199.31 to $345.37. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.