FedEx Corporation filed a current report on October 28, 2026, disclosing structural changes including the completion of its FedEx Freight spin-off, a fiscal year change, and the creation of two new reportable segments.

Key Highlights

  • Fiscal year change: FedEx changed its fiscal year end from May 31 to December 31, effective June 1, 2026, creating a seven-month transition period ending December 31, 2026.
  • Freight spin-off completed: On June 1, 2026, FedEx completed the spin-off of its less-than-truckload freight transportation services businesses, conducted through FedEx Freight, into a new publicly traded company.
  • Segment restructuring: FedEx identified two new reportable segments, Express U.S. Domestic and Express International, which previously comprised the Federal Express reportable segment.
  • FedEx Freight no longer consolidated: Following the spin-off, FedEx will no longer consolidate the FedEx Freight business, and FedEx Freight is no longer a reportable segment.
  • Supplemental financial data furnished: Unaudited supplemental historical financial information for the calendar quarters ended March 31 and June 30, 2026 was provided in Exhibit 99.1.
  • Signed by Interim CFO: The filing was signed by Claude F. Russ, Enterprise Vice President, Finance and Interim Chief Financial Officer and Interim Chief Accounting Officer.

FedEx Freight Separation and New Reporting Structure Take Effect

According to the filing, FedEx Corporation (NYSE:FDX) completed the spin-off of its less-than-truckload freight transportation services businesses on June 1, 2026. The FedEx Freight business that was separated included FedEx Custom Critical, Inc., LTL Select, and other operations historically included within the FedEx Freight reporting segment. As a result of the spin-off, the filing states that FedEx will no longer consolidate the FedEx Freight business and FedEx Freight is no longer a reportable segment.

Also effective June 1, 2026, FedEx changed its fiscal year end from May 31 to December 31, the filing disclosed. The company reported that it will cover the intervening period in a Transition Report on Form 10-K spanning seven months, from June 1, 2026 through December 31, 2026. Beginning with the year ending December 31, 2027, FedEx will report operating results on a calendar-year basis, according to the filing.

Following the spin-off, the filing stated that FedEx realigned its internal reporting and management structure, resulting in two new reportable segments: Express U.S. Domestic and Express International. The filing noted that "these changes reflect the realignment of FedEx's organizational structure and reporting regularly provided to our chief operating decision maker to assess performance and allocate resources." To assist investors in comparing historical results, supplemental financial information for the calendar quarters ended March 31 and June 30, 2026 was furnished in Exhibit 99.1, which the filing characterized as not representing a restatement or reissuance of previously issued financial statements and "not indicative of future or annual results."

What Was Disclosed

FedEx Corporation reported the June 1, 2026 completion of its FedEx Freight spin-off, a shift to a December 31 fiscal year end, and the creation of two new reportable segments, Express U.S. Domestic and Express International, along with unaudited supplemental historical financial data in Exhibit 99.1.