FedEx (FDX) Eyes 14% Operating Profit Growth Through 2029

FedEx (FDX) released updated four-year financial targets, projecting 14% annual growth in adjusted operating profit by 2029, alongside 4% revenue growth and $8 billion in adjusted operating income. The company expects $98 billion in annual revenue by then, up from $87.9 billion in FY2026, with an 8% operating margin, 11% return on invested capital, and $6 billion in adjusted free cash flow. The guidance reflects strong Q2 performance: $23.5 billion in revenue, up 7% YoY; adjusted operating income of $1.6 billion, up 17% YoY; and adjusted EPS of $4.82, up 19% YoY. FedEx is investing $2.6 billion to secure a 37% stake in InPost and modernizing air and surface networks to formalize efficiency gains and sustain higher margins.