FedEx Q2 Earnings Beat: FDX Raises 2026 Profit Forecast as Network 2.0 Overhaul Gains Traction
FedEx reported fiscal Q2 revenue of $23.5 billion, up from $22 billion a year earlier, and raised its full-year outlook after beating Wall Street estimates. Net income reached $956 million, with U.S. domestic package volume rising to 14.7 million daily. The company cited higher yields and cost cuts, but FedEx Freight revenue and profit declined ahead of its planned 2026 spinoff.