Filing Flows › Forward Air (FWRD) › Q2 2026 › vs Q2 2025
Forward Air (FWRD) Q2 2026 vs Q2 2025 (year over year)
Forward Air's revenue rose $54.2M (+9%) from $619M in Q2 2025 to $673M in Q2 2026. The biggest changes: Ground +$21.6M (+6%); Air and Ocean +$17.9M (+24%); Contract Logistics +$14.9M (+15%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Ground | $409M | $387M | $21.6M | +6% |
| Contract Logistics | $112M | $97.5M | $14.9M | +15% |
| Air and Ocean | $93.4M | $75.4M | $17.9M | +24% |
| Intermodal | $58.6M | $58.8M | −$219K | -0.4% |
| Revenue | $673M | $619M | $54.2M | +9% |
| Income tax benefit | $174K | $16.7M | −$16.6M | -99% |
| Net loss | $246M | $20.4M | $226M | 12× |
| Costs & expenses | $919M | $656M | $263M | +40% |
| Operating costs | $874M | $599M | $275M | +46% |
| Interest & other, net | $44.8M | $56.6M | −$11.8M | -21% |
| Operating cash sources | $246M | $20.4M | $226M | 12× |
| Depreciation & amortization | $38.3M | $36.8M | $1.5M | +4% |
| Share-based compensation | $491K | $4.7M | −$4.2M | -90% |
| Working capital & other | $202M | −$34.4M | $237M | — |
| Cash used in operations | $4.9M | $13.2M | −$8.3M | -63% |
| Net loss absorbed | $246M | $20.4M | $226M | 12× |
Questions
How much did Forward Air's revenue grow year over year in Q2 2026?
Forward Air's revenue rose $54.2M (+9%) from $619M in Q2 2025 to $673M in Q2 2026.
What drove Forward Air's revenue change in Q2 2026?
Ground +$21.6M (+6%); Air and Ocean +$17.9M (+24%); Contract Logistics +$14.9M (+15%).