Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q2 2026 › vs Q2 2025
Knight-Swift Transportation Holdings (KNX) Q2 2026 vs Q2 2025 (year over year)
Knight-Swift Transportation Holdings's revenue rose $234M (+13%) from $1.9B in Q2 2025 to $2.1B in Q2 2026. The biggest changes: Truckload and LTL fuel surcharge +$142M (+75%); Revenue, excluding truckload and LTL fuel surcharge +$92.2M (+6%). Operating margin 5.0% against 3.9% (+1.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 5.0% | 3.9% | +1.1 pts |
| Net margin | 2.1% | 1.8% | +0.2 pts |
| Free cash flow margin | 2.7% | 0.4% | +2.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue, excluding truckload and LTL fuel surcharge | $1.8B | $1.7B | $92.2M | +6% |
| Truckload and LTL fuel surcharge | $331M | $190M | $142M | +75% |
| Revenue | $2.1B | $1.9B | $234M | +13% |
| Operating profit | $105M | $72.6M | $32.2M | +44% |
| Costs & expenses | $2.0B | $1.8B | $202M | +11% |
| Pre-tax earnings | $65.5M | $47.9M | $17.6M | +37% |
| Other expense, net | $39.3M | $24.7M | $14.7M | +59% |
| Net earnings | $43.1M | $33.9M | $9.2M | +27% |
| Income tax | $22.4M | $14.0M | $8.4M | +60% |
| Depreciation & amortization | $197M | $196M | $1.2M | +0.6% |
| Working capital & other | $67.7M | −$13.2M | $80.9M | — |
| Operating cash flow | $308M | $216M | $91.3M | +42% |
| Free cash flow (OCF − capex) | $57.2M | $7.9M | $49.2M | +621% |
| Capital expenditures | $251M | $209M | $42.1M | +20% |
Questions
How much did Knight-Swift Transportation Holdings's revenue grow year over year in Q2 2026?
Knight-Swift Transportation Holdings's revenue rose $234M (+13%) from $1.9B in Q2 2025 to $2.1B in Q2 2026.
What drove Knight-Swift Transportation Holdings's revenue change in Q2 2026?
Truckload and LTL fuel surcharge +$142M (+75%); Revenue, excluding truckload and LTL fuel surcharge +$92.2M (+6%).