FedEx Corporation filed its Form 10-Q with the Securities and Exchange Commission on October 28, 2026, covering the quarterly period ended September 30, 2026, the first fiscal quarter of its fiscal year 2027.

Key Highlights

  • Four-month revenue of $30.642 billion: FedEx reported total revenue of $30,642 million for the four months ended September 30, 2026, compared to $26,894 million in the same period a year earlier, according to the filing.
  • Net income of $5.331 billion for four months: The company reported net income of $5,331 million for the four-month period, compared to $1,137 million in the prior-year period, with all income from continuing operations.
  • Short-term investment gain of $3.254 billion: The filing disclosed a gain on a short-term investment of $3,254 million for the four-month period ended September 30, 2026, with no comparable amount in the prior year.
  • Diluted EPS from continuing operations of $22.21: Diluted earnings per common share from continuing operations were $22.21 for the four months ended September 30, 2026, versus $3.14 in the prior-year period.
  • Treasury stock increased to $18.236 billion: As of September 30, 2026, treasury stock stood at $18,236 million (84 million shares), up from $16,336 million (78 million shares) as of May 31, 2026.
  • Cash and cash equivalents declined to $7.961 billion: Cash and cash equivalents were $7,961 million at September 30, 2026, compared to $13,060 million at May 31, 2026.
  • 234,199,353 common shares outstanding: As of October 26, 2026, FedEx had 234,199,353 shares of common stock outstanding, as stated on the filing's cover page.

FedEx Q1 FY2027 Financial Results: Revenue Growth and a Large Investment Gain

According to the Form 10-Q filed with the SEC for the quarterly period ended September 30, 2026, FedEx Corporation (NYSE:FDX) reported three-month revenue of $22,855 million, up from $20,432 million for the three months ended September 30, 2025. For the four-month period, revenue rose to $30,642 million from $26,894 million in the comparable prior-year period. Operating income for the three-month period was $1,067 million, compared to $972 million a year earlier, while four-month operating income was $1,611 million versus $1,129 million.

A notable item disclosed in the filing was a gain on a short-term investment of $3,254 million for the four-month period, which drove total other income to $4,025 million for that span. This compares to a loss on short-term investment of $1,238 million for the three months ended September 30, 2026 alone. The company reported income before income taxes of $5,636 million for the four-month period. Income from discontinued operations was zero for both the three- and four-month periods ended September 30, 2026, whereas the prior-year periods included $275 million and $391 million, respectively, from discontinued operations.

On the balance sheet, total assets were $92,926 million as of September 30, 2026, compared to $98,937 million at May 31, 2026. The filing notes the absence of discontinued-operations assets and liabilities at September 30, 2026, which were present at May 31, 2026. Long-term debt declined to $17,304 million from $18,808 million. Retained earnings grew to $49,677 million from $44,461 million. The company also disclosed a prior service cost arising during the four-month period of $455 million (net of a $141 million tax benefit), which contributed to an accumulated other comprehensive loss of $1,766 million at period end.

What Was Disclosed

FedEx Corporation filed a Form 10-Q for the quarterly period ended September 30, 2026, reporting four-month net income of $5,331 million, three-month revenue of $22,855 million, and a four-month short-term investment gain of $3,254 million, with 234,199,353 common shares outstanding as of October 26, 2026.