Filing Flows › Forward Air (FWRD) › Q2 2026 › vs Q1 2026
Forward Air (FWRD) Q2 2026 vs Q1 2026 (quarter over quarter)
Forward Air's revenue rose $91.0M (+16%) from $582M in Q1 2026 to $673M in Q2 2026. The biggest changes: Ground +$45.6M (+13%); Air and Ocean +$31.1M (+50%); Contract Logistics +$8.2M (+8%).
Forward Air, Q2 2026: revenue $673M (+9% year over year), operating margin -29.9%, net loss $246M, operating cash flow −$4.9M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Ground | $409M | $363M | $45.6M | +13% |
| Contract Logistics | $112M | $104M | $8.2M | +8% |
| Air and Ocean | $93.4M | $62.3M | $31.1M | +50% |
| Intermodal | $58.6M | $52.5M | $6.2M | +12% |
| Revenue | $673M | $582M | $91.0M | +16% |
| Income tax benefit | $174K | −$1.8M | $2.0M | — |
| Net loss | $246M | $40.2M | $206M | +512% |
| Costs & expenses | $919M | $622M | $297M | +48% |
| Operating costs | $874M | $562M | $313M | +56% |
| Interest & other, net | $44.8M | $58.8M | −$14.1M | -24% |
| Operating cash sources | $246M | $40.2M | $206M | +512% |
| Depreciation & amortization | $38.3M | $38.5M | −$259K | -0.7% |
| Share-based compensation | $491K | $3.5M | −$3.0M | -86% |
| Working capital & other | $202M | $43.9M | $158M | +361% |
| Cash used in operations | $4.9M | −$45.7M | $50.6M | — |
| Net loss absorbed | $246M | $40.2M | $206M | +512% |
Questions
How much did Forward Air's revenue grow quarter over quarter in Q2 2026?
Forward Air's revenue rose $91.0M (+16%) from $582M in Q1 2026 to $673M in Q2 2026.
What drove Forward Air's revenue change in Q2 2026?
Ground +$45.6M (+13%); Air and Ocean +$31.1M (+50%); Contract Logistics +$8.2M (+8%).