Q3 FY27 · Ended Sep 30, 2026 · View SEC filing
Last year's profit leaned on interest from the parent
Interest earned on cash swept to FedEx vanished and debt interest arrived, so net income fell far faster than operating income.
For investorsWhat the operating margin rests on once the separation bill stops
For foundersPricing on the unit that tracks your cost to serve
Tonnage was flat and shipments slipped, so the 8.1% revenue gain came from charging more per pound, through fuel surcharges and base price.
Separation costs rose more than operating income fell, so the freight operation before those costs earned more than a year earlier.
Salaries rose 4.06% against 8.1% revenue growth, so price gains on a largely fixed network flowed toward profit.
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Business Lens describes FedEx Freight from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
