Filing Flows › Forward Air (FWRD) › How it makes money
How Forward Air (FWRD) makes money
Forward Air (FWRD) made $673M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Ground brought in $409M (61%); Contract Logistics brought in $112M (17%); Air and Ocean brought in $93.4M (14%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Ground | $409M | 60.7% | +13% | +6% |
| Contract Logistics | $112M | 16.7% | +8% | +15% |
| Air and Ocean | $93.4M | 13.9% | +50% | +24% |
| Intermodal | $58.6M | 8.7% | +12% | -0.4% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $673M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $673M | +9% |
| Q1 2026 | $582M | -5% |
| Q4 2025 | $631M | -0.3% |
| Q3 2025 | $632M | -4% |
| Q2 2025 | $619M | -4% |
| Q1 2025 | $613M | +13% |
| Q4 2024 | $633M | +87% |
From Forward Air's 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Forward Air make money?
Forward Air (FWRD) made $673M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Ground brought in $409M (61%); Contract Logistics brought in $112M (17%); Air and Ocean brought in $93.4M (14%).
What is Forward Air's biggest business?
Ground: $409M in the second quarter 2026, 61% of revenue, +6% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.