Quarterly guidance

Q4 Adjusted EPS
$6.3 to $6.63

Annual guidance

Adjusted EPS
$18 to $18.60
Revenue Growth
Approximately 12%
Adjusted Free Cash Flow
Approximately $4 billion

Outlook

Network 2.0 Savings
Expects nearly $1 billion in savings by the end of 2026 and a cumulative $2 billion by the end of 2027.
Europe Transformation
On track to achieve $650 million in Europe revenue improvement in International adjusted operating income by the end of 2029.
CapEx
Expects $3.9 billion of CapEx for CY '26, with 90% related to maintenance or efficiency.
U.S. Domestic Margins
Forecasts full year adjusted U.S. Domestic operating margin to be up year-over-year in 2027.
Peak Season
Expects a strong service peak and profit peak, with top 30 customers forecasting 2% average daily volume growth.
International Margins
Expects continued international margin expansion in Q4 and throughout 2027.