FedEx completes FedEx Freight spin-off, changes fiscal year, and announces $1.4B sale of Supply Chain

FEDEX CORP

Spin-off of FedEx Freight completed June 1, 2026; FedEx Freight now presented as discontinued operations.
Fiscal year changed from May 31 to December 31; seven-month transition period from June 1 to Dec 31, 2026.
New reportable segments: Express U.S. Domestic and Express International (split from Federal Express).
FedEx Supply Chain to be sold to CMA CGM Group for $1.4 billion; expected close in H2 2026.
Supplemental historical financials recast for calendar years 2024 and 2025 reflecting these changes.

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