FedEx Corp. reported first-quarter fiscal 2026 earnings growth, with revenue rising to $22.2 billion from $21.6 billion a year earlier and adjusted diluted EPS up to $3.83 from $3.60. Net income reached $820 million, supported by higher U.S. domestic package revenue and ongoing cost reductions, though results were pressured by international trade softness and the expiration of its U.S. Postal Service contract. The company repurchased $500 million of stock during the quarter and confirmed plans to spin off FedEx Freight into a separate NYSE-listed entity by June 2026. Looking ahead, FedEx projects 4%–6% revenue growth and adjusted EPS of $17.20–$19.00 for fiscal 2026, while maintaining capital spending plans of $4.5 billion and $1 billion in permanent cost reductions.