FedEx Corporation (FDX)

In March 2025, FedEx's shares dropped 6% after Q3 2025 earnings were reported, lowering the full-year outlook due to a challenging operating environment. In September 2025, FedEx announced Q1 2026 earnings, reporting $3.83 in adjusted earnings per share, up 6% year-over-year. In October 2025, JPMorgan downgraded FedEx from Overweight to Neutral due to mounting risks to earnings guidance. Also in October 2025, FedEx announced a quarterly dividend of $1.45 per share.

Demand for FedEx's products and services exhibits seasonality, driven by the holiday shopping season. The "peak season" typically runs from around Thanksgiving through early January, leading to demand surcharges. In Q3 2025, FedEx experienced a compressed peak season where demand surpassed expectations. FedEx Ground Economy services also see increased charges during specific periods within the October to January timeframe.

FedEx Corporation is a multinational conglomerate specializing in transportation, e-commerce, and business services, headquartered in Memphis, Tennessee. It operates in the Air Freight & Logistics industry, providing services in over 220 countries and territories. FedEx Express specializes in time-sensitive deliveries, offering domestic and international express transportation. FedEx Ground focuses on cost-effective ground shipping within the U.S. and Canada. FedEx Freight provides less-than-truckload (LTL) freight services across North America. FedEx Logistics offers integrated logistics solutions, including air and ocean cargo transportation. FedEx Office provides copying, printing, and shipping services. FedEx Services delivers IT, sales, and customer service support. FedEx Custom Critical offers expedited freight services. FedEx Supply Chain provides third-party logistics solutions. FedEx Trade Networks offers customs brokerage and trade management. FedEx Dataworks utilizes data to create logistics products and services.

FedEx has an extensive global network, serving over 220 countries and territories, primarily divided into U.S. and International regions. Its air shipping operations are centralized at Memphis International Airport. Regional headquarters are located in Hoofddorp, Hong Kong, Toronto, and Miami. The United States accounts for 71.6% of FedEx's net sales.

FedEx maintains a strong brand reputation for reliability, speed, and customer service. In January 2025, FedEx was ranked among Fortune magazine's "World's Most Admired Companies" for the 25th consecutive year, holding the No. 20 position overall. FedEx promotes its brand through sponsorships, including the UEFA Champions League, the PGA Tour's FedExCup competition and FedEx St. Jude Championship, and the #11 Joe Gibbs Racing Toyota Camry in the NASCAR Cup Series. The company is also the "Official Delivery Service Sponsor" and "Official Office Services Provider" of the NFL.

FedEx is primarily owned by institutional investors, holding approximately 68% to 77.96% of all shares. Individual investors hold around 12.53% of the company's stock, and FedEx insiders own about 9.51%. Major institutional owners include The Vanguard Group, BlackRock, Dodge & Cox, Primecap Management Company, State Street Corporation, Capital International Investors, Geode Capital Management LLC, Franklin Resources Inc, and Invesco Ltd. The largest individual shareholder is Frederick W. Smith, the founder, who owns 8.46% of the company.