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FedEx Raises 2026 Outlook, Expects Pricing to Carry a Soft Peak Volume Gain

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FedEx Raises 2026 Outlook, Expects Pricing to Carry a Soft Peak Volume Gain

FedEx raised its full-year outlook Wednesday as pricing, premium volume and network savings outpaced higher costs and near-term pressures to the company’s domestic margins.

The Memphis, Tenn.-based parcel delivery company expects average daily volumes during the peak holiday quarter to increase 2 percent in the United States. But the tepid volume bump isn’t expected to hold back spending even as fuel costs remain elevated, with FedEx forecasting high-single-digit revenue growth domestically.

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Domestic revenue per piece rose 6.1 percent in Q3 while U.S. volume fell 3.3 percent as the parcel delivery company relies more on premium packages to drive profit.
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“As we head into peak despite the high fuel surcharge, the U.S. consumer seems resilient,” said Brie Carere, chief customer officer at FedEx, during an earnings call Wednesday. “Both large and small customers seem to be able to pass on the fuel to date.”

The logistics giant expects the fourth quarter to help bolster full-year profit, with the company announcing that it revised its calendar 2026 earnings range upward to $18 to $18.60 per share. The new midpoint implies 23 percent earnings growth. In June, FedEx had projected a window of $16.90 to $18.10 per share.

FedEx also raised full-year revenue growth guidance to about 12 percent, from a prior 11 percent, with roughly 4 percentage points of that growth from fuel-driven surcharges.

9 billion, while it generated $290 million in net income. 36 per share by analysts polled by LSEG.



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