FedEx Freight Holding Company, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting its first standalone quarterly results following its spin-off from FedEx Corporation.

Key Highlights

  • Revenue: The company reported revenue of $2,442 million for the three months ended September 30, 2026, compared to $2,259 million for the three months ended September 30, 2025, according to the filing.
  • Net income: Net income for the three-month period was $147 million, compared to $291 million in the prior-year period, which included $98 million in related party interest income from the Parent.
  • Separation costs: The filing reported $105 million in "Separation and other costs" for the three months ended September 30, 2026, versus $30 million in the prior-year period.
  • Earnings per share: Basic and diluted earnings per share for the three-month period were each $0.98, compared to $1.95 in the prior-year period, the filing disclosed.
  • Total assets: Total assets stood at $7,216 million as of September 30, 2026, up from $6,884 million as of May 31, 2026.
  • Accumulated deficit: The company carried an accumulated deficit of $280 million as of September 30, 2026, compared to an accumulated deficit of $509 million as of May 31, 2026.
  • Shares outstanding: As of October 27, 2026, 149,521,266 shares of common stock were outstanding, according to the filing.

FedEx Freight's First Standalone Quarter: Revenue, Income, and Separation Costs

FedEx Freight Holding Company, Inc. (NYSE:FDXF), incorporated in Delaware on July 14, 2025, filed its quarterly report covering the period ended September 30, 2026. According to the filing, the company was spun off from FedEx Corporation, its former parent, with a Distribution Date of June 1, 2026. The filing covers both a three-month period and a four-month period ended September 30, 2026, reflecting the company's fiscal calendar following the spin-off.

For the three months ended September 30, 2026, the company reported revenue of $2,442 million and operating income of $253 million. Total operating expenses reached $2,189 million, including $105 million in "Separation and other costs," up from $30 million in the comparable prior-year period. Interest expense of $55 million was reported for the quarter, a line that did not appear in the prior-year period, while the $98 million in related party interest income the company received from the Parent in the prior-year period was absent in the current quarter. The provision for income taxes was $57 million, yielding net income of $147 million, the filing stated.

For the four months ended September 30, 2026, the company disclosed revenue of $3,281 million, net income of $230 million, and cash provided by operating activities of $390 million. Capital expenditures for the four-month period totaled $151 million. Long-term debt, less current portion, stood at $4,376 million as of September 30, 2026. The company's total (deficit) equity was $(252) million at period end, compared to $(497) million as of May 31, 2026, reflecting the net income recognized during the period.

What Was Disclosed

FedEx Freight Holding Company, Inc. disclosed its condensed consolidated financial statements for the quarterly period ended September 30, 2026, including balance sheet, income statement, cash flow, and stockholders' equity data, along with notes on its background as a newly independent public company following the June 1, 2026 spin-off from FedEx Corporation.