Recent Insider Transactions • Apr 19
Executive VP & Chief People Officer recently sold €1.6m worth of stock On the 15th of April, Tracy Brightman sold around 5k shares on-market at roughly €308 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Announcement • Mar 25
FedEx Corp Launches FedEx Sameday Local Delivery Service FedEx Corp. announced the rollout of FedEx SameDay Local, a delivery offering designed to enable its customers to meet rising consumer expectations for flexibility, control, and convenience while balancing their cost to serve. FedEx SameDay Local will provide time-definite delivery within a two-hour window and day-definite delivery by end-of-day. In collaboration with OneRail, a comprehensive last-mile delivery solution company, FedEx SameDay Local will let shoppers choose two-hour or end-of-day delivery directly at checkout. The service will connect FedEx customers to a national network of more than 1,000 delivery providers, coordinated through intelligent orchestration. Orders are then automatically matched to the appropriate vehicle and driver, dispatched quickly, and tracked with live updates from pickup to delivery. FedEx SameDay Local will enable time-definite delivery windows, including two-hour and end-of-day service with a national network, near real-time tracking from pickup to drop-off, predictive ETAs, and proof of delivery, flexible integration through efficient API connections and full platform support, smart orchestration using AI-driven rules to optimize delivery provider selection, routing, and delivery performance, 24/7 support with proactive monitoring to help stay ahead of delay or disruptions from pickup to arrival, and ability to fulfill large, oversized, or specialized deliveries. FedEx SameDay Local expands the company’s delivery offering to give customers the ability to meet this range of preferences. When it comes to speed, research shows that 96% of shoppers define “fast delivery” as same-day, 80% want to see a same-day option at checkout, and nearly half are more likely to complete a purchase when same-day delivery is available. The recent FedEx Future of Logistics Intelligence Report found that 36% of consumers prioritize reliable delivery windows, yet only 59% of organizations use shipment data proactively to predict and prevent issues, with just 18% able to always intervene to minimize the impact when delays occur. By providing near real-time tracking, predictive ETAs, and automated rerouting, FedEx SameDay Local will help customers close this gap, reduce abandoned carts, and build customer loyalty. The launch of FedEx SameDay Local expands the company’s ability to support customers across the full delivery lifecycle from long-haul transportation to local last-mile fulfillment. The company’s connected ecosystem optimizes delivery routes, reduces costs, and improves reliability at scale. FedEx customers looking to learn more about FedEx SameDay Local are encouraged to reach out to their sales representative directly. Reported Earnings • Mar 20
Third quarter 2026 earnings released: EPS: US$4.47 (vs US$3.78 in 3Q 2025) Third quarter 2026 results: EPS: US$4.47 (up from US$3.78 in 3Q 2025). Revenue: US$24.0b (up 8.3% from 3Q 2025). Net income: US$1.05b (up 16% from 3Q 2025). Profit margin: 4.4% (up from 4.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 20
FedEx Corporation Raises Earnings Guidance for the Full Year of Fiscal 2026 FedEx Corporation raised earnings guidance for the full year of fiscal 2026. For the period, the company expects a 6.0% to 6.5% revenue growth rate year over year, compared to the prior forecast of 5% to 6% growth. Declared Dividend • Feb 19
Second quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 6th March 2026 Payment date: 1st April 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 12
FedEx Corporation Provides Consolidated Earnings Guidance for the Fiscal Year 2026; Provides Financial Targets for 2029 FedEx Corporation provided consolidated earnings guidance for the fiscal year 2026 and provided financial targets for 2029. For the year 2026, the company expects GAAP measure (including FedEx Freight): Revenue of $93,500 million, Operating Income of $5,272 million.
For 2029, the company expects revenue of ~$98 billion (~4% CAGR), Operating Income of ~$8 billion (~17% GAAP CAGR, ~14% non-GAAP CAGR). Announcement • Feb 03
FedEx Corp. to Offer Access to Ai-Powered Post-Purchase Solutions for Enterprises FedEx Corp. announced improved digital tracking and returns capabilities designed to help shippers simplify the customer experience after checkout. FedEx Tracking+ and FedEx Returns+ are two enhanced tools that can be embedded directly within a shipper's owned digital channels, adding an AI-powered, white-labeled layer that improves visibility, communication, and operational efficiency throughout the delivery lifecycle. The capabilities are delivered in collaboration with parcelLab. Key AI capabilities include: Automated responses to common delivery and returns questions, such as "Where is my order?" and "Where is my return/refund?" Performance insights across tracking and returns activity to help monitor trends and exceptions; Pattern and anomaly detection within delivery and returns data to surface potential problems or opportunities; Automated returns policy and experience adjustments using merchant-defined rules and workflows eliminating the need for manual configuration changes. By implementing these AI-powered solutions, shippers may see significant improvement in both the customer experience and operational efficiency. According to recent insights from parcelLab, brands have seen 42% fewer "Where is My Order" (WISMO) inquiries, 85% higher customer retention, and 42% more repeat purchases through proactive, personalized communications as customers re-engage directly from their fully branded, owned tracking pages that convert at over 3% on average. The annual 2026 FedEx Returns Survey found that two-in-three (67%) consumers say a retailer's return policy at least sometimes impacts their purchases. Consumers increasingly expect simple, convenient return options--such as no-box, no-label or QR code returns through FedEx Easy Returns-- while merchants require flexible solutions, including email labels and branded workflows across FedEx and partner networks. With this new digital suite, businesses can meet consumer expectations while maintaining full control of branding and policies. ParcelLab also found that returns have become a revenue-retention opportunity, with intelligent exchanges and personalized return experiences driving three times more repeat purchases, 60% higher average order value, and 17% fewer "Where is My Return" (WISMR) inquiries. These tracking and returns experiences are fully branded and managed within the merchant's own digital environment, giving brands direct control over policies, messaging, and customer interactions. Furthermore, AI-powered tools are also gaining more attention with business shippers. The FedEx Returns Survey revealed that 37% of business shippers currently use AI tools for returns, with 51% planning future adoption. Users report that the returns AI capabilities have delivered up to 85% forecasting accuracy and 40% improved return prediction, enabling merchants to anticipate issues before customers reach out. proactive mitigation of delivery and returns problems can help businesses reduce support costs, protect margins, and strengthen brand loyalty. Intelligent post-purchase engagement, including product recommendations and targeted messaging, has also been shown to deliver incremental revenue uplift by increasing re-engagement and repeat purchasing. Both FedEx Tracking+ and FedEx Returns + are fully white-labeled digital tools, enabling brands to manage tracking and returns as an extension of their own experience rather than redirecting customers to third-party pages. The AI-powered solutions are now available to U.S. customers. Customers interested in exploring either or both of these new offerings can learn more here. Announcement • Jan 27
Fedex Corp. Announces Executive Changes, Effective June 1, 2026 FedEx Corp. announced the appointment of Scott Ray as chief operating officer for U.S. and Canada Surface Operations, effective June 1, 2026. Ray will begin transitioning into the role as COO-elect on February 1, 2026. Ray will be responsible for leading all aspects of Surface Operations in the U.S. and Canada, from the daily operations of safely and reliably delivering millions of packages every day, to ensuring the effective execution and implementation of strategic initiatives, including Network 2.0. Having served as the president of Surface Operations since 2024, Ray’s operational and leadership experience is extensive, with 39 years at FedEx, mostly spent leading operational teams throughout the U.S. Before serving as president of Surface Operations, Ray served as executive vice president and chief operating officer for FedEx Ground. Ray has led multiple transformation efforts and integrations over the years, including the consolidation of the Ground and Home Delivery operational networks in 2010 and the integration of the FedEx SmartPost business in 2019. The leadership team of surface operations will report directly to Ray, and there are no plans to backfill the president of Surface Operations position. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €319, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Logistics industry in Europe. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €321 per share. Announcement • Jan 16
FedEx Corporation Announces Stephen E. Gorman to Resign from Board, Effective Upon His Joining the Board of Directors of FedEx Freight On January 12, 2026, Stephen E. Gorman notified the board of directors of FedEx of his decision to resign from the Board effective upon his joining the board of directors of FedEx Freight upon the planned spin-off of FedEx Freight by FedEx. There were no disagreements between Mr. Gorman and FedEx or the Board on any matter relating to FedEx’s operations, policies, or practices or any other matter. Reported Earnings • Dec 19
Second quarter 2026 earnings released: EPS: US$4.07 (vs US$3.05 in 2Q 2025) Second quarter 2026 results: EPS: US$4.07 (up from US$3.05 in 2Q 2025). Revenue: US$23.5b (up 6.8% from 2Q 2025). Net income: US$956.0m (up 29% from 2Q 2025). Profit margin: 4.1% (up from 3.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Announcement • Dec 19
Fedex Corporation Raises Revenue Guidance for the Fiscal Year 2026 FedEx Corporation raises revenue guidance for the fiscal year 2026. For the year, the company revised a 5% to 6% revenue growth rate year over year, compared to the prior forecast of 4% to 6% revenue growth. Announcement • Dec 06
FedEx Corporation to Report Q2, 2026 Results on Dec 18, 2025 FedEx Corporation announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Dec 18, 2025 Declared Dividend • Nov 26
First quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 12th December 2025 Payment date: 6th January 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 22
FedEx Corp. Declares a Quarterly Cash Dividend, Payable on January 6, 2026 The Board of Directors of FedEx Corp. declared a quarterly cash dividend of $1.45 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable January 6, 2026, to stockholders of record at the close
of business on December 15, 2025. Announcement • Oct 03
FedEx Corporation Elects Richard W. Smith as Director FedEx Corporation at its annual meeting of stockholders held on September 29, 2025, the stockholders elected Richard W. Smith as director. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Silvia Lucia Kreimerman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 19
FedEx Corporation Provides Earnings Guidance for the Fiscal Year 2026 FedEx Corporation provided earnings guidance for the fiscal year 2026. For the year, the company expects revenue growth of 4% to 6%. The top of this range assumes that current favorable trends in the U.S. Domestic segment continue, and the lower end assumes incremental pressure on U.S. demand, particularly in the second half of the fiscal year. On the international side, the top of the revenue range assumes the current level of international export revenue pressures continue through the rest of the fiscal year, while the lower end assumes an acceleration in these pressures. At FedEx Freight, The company expects revenue to be flat to up modestly year-over-year, depending largely on the market conditions in the second half of the year. Reported Earnings • Sep 19
First quarter 2026 earnings released: EPS: US$3.48 (vs US$3.25 in 1Q 2025) First quarter 2026 results: EPS: US$3.48 (up from US$3.25 in 1Q 2025). Revenue: US$22.2b (up 3.1% from 1Q 2025). Net income: US$824.0m (up 3.9% from 1Q 2025). Profit margin: 3.7% (in line with 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 05
FedEx Corporation to Report Q1, 2026 Results on Sep 18, 2025 FedEx Corporation announced that they will report Q1, 2026 results at 3:00 PM, Central Standard Time on Sep 18, 2025 Declared Dividend • Sep 03
Fourth quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 5th September 2025 Payment date: 1st October 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Aug 29
Upcoming dividend of US$1.45 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Italian dividend payers (4.9%). In line with average of industry peers (2.7%). Announcement • Aug 19
FedEx Corporation, Annual General Meeting, Sep 29, 2025 FedEx Corporation, Annual General Meeting, Sep 29, 2025. Announcement • Aug 14
FedEx Corp. Appoints Vishal Talwar as Executive Vice President, Chief Digital and Information Officer, and President of FedEx Dataworks, Effective August 15, 2025 FedEx Corp. announced the appointment of Vishal Talwar, formerly senior managing director & chief growth officer of Accenture Technology, to executive vice president, chief digital and information officer of FedEx Corp., and president of FedEx Dataworks, effective August 15, 2025. With more than 27 years of experience in utilizing technology to drive growth, improve operational efficiency, and elevate customer experience, Talwar brings deep expertise in data science, digital infrastructure, and enterprise-scale transformation. His expertise lies in working with businesses to leverage the power of cloud, data, AI, and other technologies to increase business resiliency and accelerate digital capabilities to drive profitable growth. Before joining FedEx, he worked with companies including Accenture, IBM, and Dell Services. For nearly two years, he has been heavily engaged with FedEx’s digital transformation efforts through his work at Accenture. As CDIO and president of FedEx Dataworks, Talwar will drive the company’s digital transformation by leading strategic initiatives focused on developing innovative digital solutions powered by data and AI, advanced technology, robust enterprise architecture, and comprehensive cybersecurity measures. With this appointment, senior leaders of the Data and Technology and Dataworks organizations will report directly to Talwar. Declared Dividend • Aug 11
Fourth quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 5th September 2025 Payment date: 1st October 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
FedEx Corporation Declares Quarterly Dividend, Payable on October 1, 2025 The Board of Directors of FedEx Corp. declared a quarterly cash dividend of $1.45 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable October 1, 2025, to stockholders of record at the close of business on September 8, 2025. Announcement • Jul 18
FedEx Corporation Announces Stepdown of Sriram Krishnasamy as Executive Vice President Chief Digital and Information Officer and Chief Transformation Officer, Effective July 17, 2025 On July 17, 2025, FedEx Corporation announced that FedEx and Sriram Krishnasamy have mutually agreed that, effective July 17, 2025, Mr. Krishnasamy will step down as the Company's Executive Vice President Chief Digital and Information Officer and Chief Transformation Officer. Mr. Krishnasamy will remain employed by the Company as an Executive Advisor until October 31, 2025, or such earlier date as agreed to by the Company and Mr. Krishnasamy. FedEx and Mr. Krishnasamy are finalizing the compensation and other terms regarding Mr. Krishnasamy's departure. Buy Or Sell Opportunity • Jul 14
Now 20% undervalued Over the last 90 days, the stock has risen 8.3% to €199. The fair value is estimated to be €251, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: US$16.84 (vs US$17.44 in FY 2024) Full year 2025 results: EPS: US$16.84 (down from US$17.44 in FY 2024). Revenue: US$87.9b (flat on FY 2024). Net income: US$4.09b (down 5.4% from FY 2024). Profit margin: 4.7% (down from 4.9% in FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 23
FedEx Corporation Announces Board Changes On June 21, 2025, FedEx Corporation announced with deep sadness that Frederick W. Smith, the Company’s founder and Executive Chairman and Chairman of the FedEx Board of Directors, had passed away on June 21, 2025. In light of Mr. Smith’s passing, on June 23, 2025, the Board reduced the size of the Board to twelve members and elected R. Brad Martin, who previously served as Vice Chairman of the Board, as Chairman of the Board effective June 23, 2025. Mr. Martin will continue to serve as Chairman of the Audit and Finance Committee of the Board. Buy Or Sell Opportunity • Jun 16
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to €196. The fair value is estimated to be €162, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Jun 14
FedEx Corporation to Report Q4, 2025 Results on Jun 24, 2025 FedEx Corporation announced that they will report Q4, 2025 results at 3:00 PM, Central Standard Time on Jun 24, 2025 Declared Dividend • Jun 12
Third quarter dividend of US$1.45 announced Shareholders will receive a dividend of US$1.45. Ex-date: 20th June 2025 Payment date: 8th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 10
FedEx Corporation Approves an Increase in the Annual Dividend Rate and Declares A Quarterly Cash Dividend, Payable on July 8, 2025 The Board of Directors of FedEx Corp. approved an increase in the annual dividend rate on FedEx Corp. common stock of 5%, or $0.28 per share, to $5.80 per share for fiscal 2026 in line with the company’s continued focus on delivering stockholder value. The Board also declared a quarterly cash dividend of $1.45 per share on FedEx Corp. common stock. The dividend is payable July 8, 2025 to stockholders of record at the close of business on June 23, 2025. Buy Or Sell Opportunity • May 26
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to €193. The fair value is estimated to be €159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • May 07
Now 21% overvalued Over the last 90 days, the stock has fallen 24% to €190. The fair value is estimated to be €157, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.