Short answer
FedEx (FDX) filed its Q1 2026 10-Q quarterly report on Mar 19, 2026 for the quarter ended Feb 28, 2026. Quarterly revenue was $24.0B (up 8.3% year over year) with net income of $1.1B.
Q1 2026 key financials · XBRL
- Revenue
- $24.0B
- +8.3% YoY · +2.3% QoQ
- Net income
- $1.1B
- +16.2% YoY · +10.5% QoQ
- Operating margin
- 5.6%
- EPS (diluted)
- $4.41
- +17.6% YoY · +9.2% QoQ
Source: XBRL data from the FedEx (FDX) Q1 2026 10-Q on SEC EDGAR. USD.
FedEx Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Capital expenditures $4.1B expected for 2026, consistent with 2025 levels
- Aircraft spending $1.0B, down $0.3B from 2025
- Network 2.0 and facility modernization investments increasing $0.3B
- Cash $4.1B held in foreign jurisdictions at February 28, 2026
- Restricted cash $3.7B from FedEx Freight Holding senior notes proceeds at February 28, 2026
Risk Factors
- Newly added risk: 2029 financial targets announced February 12, 2026 may not be achieved, potentially pressuring results and stock price
- Most material strategic risk: InPost investment offers FedEx only 37% ownership, limiting influence over decisions and outcomes
- Regulatory risk: InPost transaction remains subject to regulatory approvals and other conditions, creating timing and valuation uncertainty
- Operational risk: Expected InPost strategic and financial benefits may not materialize despite finalized commercial arrangements
- Financial risk: Stock repurchase capacity reduced to approximately $1.3 billion under the $5.0 billion authorization
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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