the reading
Every reason Fedex is held for was read against its filing of 20 jul 2026. 2 of 4 changed. Here is what each change was, in the filing’s own words.
A filing arrived. Every reason this company is held for was checked against it, one at a time, and this is what the document did to each one that changed.
Fedex (FDX) is held for 4 reasons. The 10-K filed 20 jul 2026 was read against every one of them.
Fedex (FDX) — cost advantage · now strengthening
“We incurred business optimization and realignment costs of $ 366 million ($ 285 million, net of tax, or $ 1.19 per diluted share) in 2026”
— Fedex, 10-K, 0001048911-26-000105 — read it on EDGAR
Teniq's reading: Business optimization costs decreased from $756 million in 2025 to $366 million in 2026, bearing on the cost reduction initiative.
A figure moved: Consolidated net income: 4092.0 → Consolidated net income: 4433.0 (+8.3%). Consolidated net income rose 8.3% from $4,092M to $4,433M, consistent with the stated operating income improvements from structural cost reductions and business optimization initiatives under Network 2.0.
Fedex (FDX) — capital discipline · now moved
“we repurchased 3.3 million shares of FedEx common stock under ASR or open market transactions at an average price of $233.07 per share for a total of $776 million”
— Fedex, 10-K, 0001048911-26-000105 — read it on EDGAR
Teniq's reading: Share repurchases declined from $3.0 billion (10.9 million shares) in 2025 to $776 million (3.3 million shares) in 2026, relevant to the capital return component of the reason.
Nothing above is a recommendation and no price appears in it. We read the filings, write down the reasons a company is held, and report what each new one did to them. The full argument, with the sentence behind every reason, is on the company’s own page.
We incurred business optimization and realignment costs of $ 366 million ($ 285 million, net of tax, or $ 1.19 per diluted share) in 2026
we repurchased 3.3 million shares of FedEx common stock under ASR or open market transactions at an average price of $233.07 per share for a total of $776 million
Every line above traces to a filing. Each company’s full argument, with the sentence behind every reason, is on its own page — or run the same query on the index.