FedEx Shares Rise in European Trading as Independent Freight Unit Lifts Outlook
FedEx shares moved higher in early European trading on Thursday. Meanwhile, recently spun-off FedEx Freight raised its adjusted operating income guidance following its first results as an independent entity.
FedEx stock traded at EUR 291.75 on Lang & Schwarz on Thursday, November 12, 2026. The price marked a 0.95 percent increase from Wednesday's Xetra close of EUR 289.00, providing an early signal of demand ahead of the European market session.
The move follows recent financial updates from FedEx Freight, which became an independent firm following its June spin-off. On October 29, the carrier posted its first results as a standalone business for a four-month transition period ended September 30. Revenue reached 3.3 billion US dollars, while reported operating income declined 6.1 percent to 383 million US dollars. Excluding separation expenses, adjusted operating income rose 16.4 percent to 510 million US dollars.
FedEx Freight raised its adjusted operating income projection for the seven-month transition period to between 695 million and 715 million US dollars, up from its earlier expectation of 605 million to 645 million US dollars. The carrier trimmed its reported operating income outlook to a range of 465 million to 485 million US dollars. On Wednesday, November 11, FedEx Freight shares traded at 119.57 euros on Lang & Schwarz.
In the United States, FedEx shares recently gained 3.5% to $318.84 on November 09, 2026. According to GuruFocus, the stock traded at a price-to-earnings ratio of 19.6x, above its five-year median of 12.6x. GuruFocus published an intrinsic value estimate of $248.35, categorizing the equity as modestly overvalued. GuruFocus also reported that company insiders sold $27.5 million in shares over the past 12 months with no recorded open-market purchases.
The company's performance follows its fiscal quarter ended September 30, in which total revenue climbed to $22.9 billion. Adjusted diluted earnings per share reached $3.74, though reported GAAP diluted earnings per share fell to $1.21 due to a $1.2 billion valuation impairment on its retained Freight holding. FedEx repurchased approximately $2 billion of its own shares during that quarter and held $8 billion in cash and cash equivalents as of September 30.