Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q2 2026 › vs Q1 2026
Knight-Swift Transportation Holdings (KNX) Q2 2026 vs Q1 2026 (quarter over quarter)
Knight-Swift Transportation Holdings's revenue rose $245M (+13%) from $1.9B in Q1 2026 to $2.1B in Q2 2026. The biggest changes: Revenue, excluding truckload and LTL fuel surcharge +$126M (+8%); Truckload and LTL fuel surcharge +$119M (+56%). Operating margin 5.0% against 1.5% (+3.5 pts).
Knight-Swift Transportation Holdings, Q2 2026: revenue $2.1B (+13% year over year), operating margin 5.0%, net earnings $43.1M, operating cash flow $308M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 5.0% | 1.5% | +3.5 pts |
| Net margin | 2.1% | -0.1% | +2.1 pts |
| Free cash flow margin | 2.7% | 0.7% | +2.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue, excluding truckload and LTL fuel surcharge | $1.8B | $1.6B | $126M | +8% |
| Truckload and LTL fuel surcharge | $331M | $212M | $119M | +56% |
| Revenue | $2.1B | $1.9B | $245M | +13% |
| Operating profit | $105M | $28.6M | $76.3M | +267% |
| Costs & expenses | $2.0B | $1.8B | $169M | +9% |
| Pre-tax earnings | $65.5M | −$1.5M | $67.0M | — |
| Other expense, net | $39.3M | $30.1M | $9.2M | +31% |
| Net earnings | $43.1M | −$1.4M | $44.6M | — |
| Income tax | $22.4M | −$107K | $22.5M | — |
| Depreciation & amortization | $197M | $196M | $1.3M | +0.7% |
| Working capital & other | $67.7M | −$51.8M | $119M | — |
| Operating cash flow | $308M | $143M | $165M | +116% |
| Free cash flow (OCF − capex) | $57.2M | $12.5M | $44.7M | +357% |
| Capital expenditures | $251M | $130M | $121M | +93% |
Questions
How much did Knight-Swift Transportation Holdings's revenue grow quarter over quarter in Q2 2026?
Knight-Swift Transportation Holdings's revenue rose $245M (+13%) from $1.9B in Q1 2026 to $2.1B in Q2 2026.
What drove Knight-Swift Transportation Holdings's revenue change in Q2 2026?
Revenue, excluding truckload and LTL fuel surcharge +$126M (+8%); Truckload and LTL fuel surcharge +$119M (+56%).