FEDEX CORP — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Effective June 1, 2026, FedEx completed the spin-off of FedEx Freight into a separate publicly traded company (retaining 19.9% equity interest), changed its fiscal year-end from May 31 to December 31, and reorganized segment reporting into Express U.S. Domestic and Express International. On October 1, 2026, FedEx sold its Supply Chain business to CMA CGM Group for $1.4 billion. Q2 2026 (calendar) net income was $6.129B (including $4.492B gain on retained FedEx Freight investment), with diluted EPS of $25.28.
Why this rating
Major capital structure and portfolio actions (spin-off, $1.4B divestiture) materially reshape company. Spin-off is ~2.2% of market cap; Supply Chain sale ~2.2% market cap. Significant but not transformational relative to $64.6B firm. Q2 gain inflated reported earnings.
Price action (we called it positive)
before filing · preread $304.58 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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