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Hunt J B Transport Services (JBHT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 23, 2026 · Hunt J B Transport Services (JBHT) Q3 2026 earnings results →

Q3 2026 Revenue up 20% year over year to $3.7B · 5¢ of every $1 of revenue kept as net profit · operating margin 6.7%

Hunt J B Transport Services made $3.7B in Q3 2026 (+20% Y/Y): Service Excluding Fuel Surcharge $3.0B, Fuel Surcharge $671M. Operating margin 6.7%, net earnings $172M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 23, 2026.

Revenue$3.7B
Year over year+20%
Operating margin6.7%
Net earnings$172M
Operating cash flow$385M

Drawing the Sankey…

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Hunt J B Transport Services Q3 2026 revenue breakdown: Sankey diagram of revenue (Service Excluding Fuel Surcharge, Fuel Surcharge), costs, profit and cash flow
Hunt J B Transport Services Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $3.7B in Q3 2026, up 20% year over year and up 5% from the previous quarter. Service Excluding Fuel Surcharge was the largest line at 82% of revenue. Service Excluding Fuel Surcharge added $0.34B year over year (up 13%), 54% of the total change.

Operating profit was $0.25B, a 6.7% margin (down 1.2 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 8% margin then. Total costs grew 22% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $0.17B, up 1% year over year. The effective tax rate was 25.5%.

Operating cash flow was $0.39B (down 21% year over year), 223% of net earnings. Non-cash charges added back $0.18B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.17B left free cash flow of $0.22B.

Quarterly history

Hunt J B Transport Services revenue by quarterHunt J B Transport Services revenue by quarter$2.9BQ1 2025$2.9BQ2 2025$3.1BQ3 2025$3.1BQ4 2025$3.1BQ1 2026$3.5BQ2 2026$3.7BQ3 2026
Hunt J B Transport Services net earnings by quarterHunt J B Transport Services net earnings by quarter$118MQ1 2025$129MQ2 2025$171MQ3 2025$181MQ4 2025$142MQ1 2026$181MQ2 2026$172MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 23, 2026$3.7B+20%6.7%$172M$385M
Q2 202610-QJul 24, 2026$3.5B+19%7.4%$181M$370M
Q1 202610-QApr 24, 2026$3.1B+5%6.8%$142M$353M
Q4 202510-KFeb 24, 2026$3.1B-2%8.0%$181M$386M
Q3 202510-QOct 24, 2025$3.1B-0.5%7.9%$171M$486M
Q2 202510-QJul 24, 2025$2.9B0%6.7%$129M$402M
Q1 202510-QApr 25, 2025$2.9B-0.8%6.1%$118M$404M

Charts

Hunt J B Transport Services: revenue growth, year over year and quarter over quarterHunt J B Transport Services: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 20250%+0%Q2 20250%+4%Q3 2025-2%+1%Q4 2025+5%-1%Q1 2026+19%+14%Q2 2026+20%+5%Q3 2026
Latest (Q3 2026): Y/Y +20%, Q/Q +5%.
Hunt J B Transport Services: where the cash came from (+) and went (−), TTM to Q3 2026Hunt J B Transport Services: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.5BCapital spending−$528MBuybacks−$492MNet borrowing (+) / repaid (−)−$481MDividends−$169MOther investing$153MCash drawn (+) / kept (−)$48.5MOther financing−$26.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Hunt J B Transport Services: profit against cash, quarter by quarterHunt J B Transport Services: profit against cash, quarter by quarterNet incomeOperating cash flow$155M$318MQ4 2024$118M$404MQ1 2025$129M$402MQ2 2025$171M$486MQ3 2025$181M$386MQ4 2025$142M$353MQ1 2026$181M$370MQ2 2026$172M$385MQ3 2026
Latest (Q3 2026): Net income $172M, Operating cash flow $385M.
Hunt J B Transport Services: diluted shares by fiscal yearHunt J B Transport Services: diluted shares by fiscal year107MFY2020107MFY2021105MFY2022104MFY2023103MFY202498MFY2025
-8.5% since FY2020: buybacks shrank the count.
Hunt J B Transport Services: long-term debt falling due (FY2024)Hunt J B Transport Services: long-term debt falling due (FY2024)$500M2025$699M2027$279M2028
Cash $47.0M, short-term investments —, long-term debt $978M at 2024-12-31.
Hunt J B Transport Services in its industry: growth against margin (13 companies, SIC 4213)Hunt J B Transport Services in its industry: growth against margin (13 companies, SIC 4213)revenue growth, year over year →↑ operating marginmedian +14%median 4%KNXODFLSNDRLSTRARCBSAIAWERNULHCVLGMRTNHTLDPAMTJBHT (+20%, 7%)
Trucking (No Local); dot size is quarterly revenue; dashed lines are the industry's medians.

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💵Where each $1 goesinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Hunt J B Transport Services

We are one of the largest surface transportation, delivery, and logistics companies in North America. J.B. Hunt Transport Services, Inc. is a publicly held holding company that, through our wholly owned subsidiaries, provides a wide range of reliable transportation, brokerage, and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada, and Mexico. Unless otherwise indicated by the context, “we,” “us,” “our,” the “Company”, and “JBHT” refer to J.B. Hunt Transport Services, Inc. and its consolidated subsidiaries. We were incorporated in Arkansas on August 10, 1961, and have been a publicly held company since our initial public offering in 1983.

In its own words, from its 10-K, filed Feb 24, 2026.

Hunt J B Transport Services against its Trucking (No Local) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +16%. Operating margin: 6.7% against the peers' median 6.7%.

CompanyQuarterRevenueY/YOp. margin
JBHT Hunt J B Transport ServicesQ3 2026$3.7B+20%6.7%
KNX Knight-Swift Transportation HoldingsQ3 2026$2.2B+14%8.1%
ODFL Old Dominion Freight LineQ3 2026$1.6B+13%28.5%
SNDR Schneider NationalQ3 2026$1.6B+9%3.9%
LSTR Landstar SystemQ3 2026$1.5B+25%4.3%
ARCB ArcbestQ3 2026$1.2B+16%6.1%
SAIA SaiaQ3 2026$982M+17%12.4%
WERN Werner EnterprisesQ3 2026$951M+23%1.8%
ULH Universal Logistics HoldingsQ3 2026$394M-0.7%8.3%

Source: Hunt J B Transport Services 10-Q on SEC EDGAR · CIK 728535 · Trucking (No Local)

13F: who owns JBHT and who is buying

Largest holders of JBHT (13F)Largest holders of JBHT (13F)BlackRock$1.8BVanguard Group$1.8BVanguard Capital Management LLC$1.4BAQR Capital Management LLC$1.2BState Street$1.2BVanguard Portfolio Management LLC$1.1BJupiter Topco LLC$891MJanus Henderson Group$844MGeode Capital Management, LLC$600MDZ Bank AG Deutsche Zentral Genos…$597M
Funds' net buying of JBHT by quarter (13F)Funds' net buying of JBHT by quarter (13F)−$102M2024-09$18.6M2024-12−$288M2025-03$263M2025-06−$141M2025-09$13.4M2025-12$161M2026-03$354M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on JBHT

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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