FedEx exceeded Wall Street's expectations in its first-quarter fiscal report, posting adjusted earnings per share of $3.83 against an anticipated $3.59 and revenue of $22.24 billion versus a projected $21.66 billion. Despite global trade uncertainties and the loss of the "de minimis" exception, the company reported strong U.S. volume growth (6%) and anticipates 4-6% revenue growth in 2026. CEO Raj Subramaniam highlighted the company's adaptability and resilience, attributing some headwinds to the loss of the duty-free exception. FedEx Freight's spin-off remains on track for June 2026.

Prepared by Christopher Adams and reviewed by editorial team.