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- Ieepa Tariff Refund Litigation (new) — The company faces newly disclosed class action litigation related to IEEPA tariff refunds, with uncertain financial impact that could be material.
FedEx net income rose 8.3% to $4.43B in fiscal 2026, while the company completed the spin-off of FedEx Freight and faces uncertain financial impact from IEEPA tariff refund litigation.
Filed July 20, 2026 · Period ending May 31, 2026 · Compared to 10-K Jul 21, 2025 · ~1 min read
Key Changes
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Revenue increased 7.7% to $94.72B, which the company attributes to improved base yields for our package services, increased U.S. domestic package volumes, higher fuel surcharges, and favorable exchange rates.
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Operating income rose 4.7% to $5.46B, but included $366.0M of business optimization costs and $771.0M of separation and other costs.
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FedEx Freight segment operating income fell 58.6% to $616.0M, including $744.0M of spin-off costs.
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify