Earnings call briefThird-quarter 2026

FedEx expects calendar 2026 adjusted free cash flow of approximately $4 billion

The company said on the call that it continues to expect $3.9 billion of calendar 2026 capital expenditures, 90% of it maintenance or efficiency related.

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FedEx said on its third-quarter call that it is introducing a calendar 2026 adjusted free cash flow outlook of approximately $4 billion.

Enterprise Vice President and Interim CFO Claude Russ said the company expects transitory fourth-quarter headwinds of $130 million from higher over-the-road linehaul rates, $100 million from its ratified pilot agreement and $80 million in aircraft maintenance expense.

Quotes from the call

“We are introducing a CY '26 adjusted free cash flow outlook of approximately $4 billion.”

Claude Russ, Enterprise Vice President and Interim CFO

Key facts from the call

Expected calendar 2026 adjusted free cash flow
Approximately $4 billion
Expected calendar 2026 capital expenditures
$3.9 billion, 90% maintenance or efficiency related

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Source: FedEx's third-quarter 2026 earnings call, October 28, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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