Filing Flows › Knight-Swift Transportation Holdings (KNX) › Q3 2026 › vs Q3 2025
Knight-Swift Transportation Holdings (KNX) Q3 2026 vs Q3 2025 (year over year)
Knight-Swift Transportation Holdings's revenue rose $274M (+14%) from $1.9B in Q3 2025 to $2.2B in Q3 2026. The biggest changes: Truckload and LTL fuel surcharge +$142M (+69%); Revenue, excluding truckload and LTL fuel surcharge +$132M (+8%). Operating margin 8.1% against 2.6% (+5.5 pts).
Knight-Swift Transportation Holdings, Q3 2026: revenue $2.2B (+14% year over year), operating margin 8.1%, net earnings $118M, operating cash flow $350M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.1% | 2.6% | +5.5 pts |
| Net margin | 5.4% | 0.4% | +4.9 pts |
| Free cash flow margin | 5.2% | -4.8% | +10.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue, excluding truckload and LTL fuel surcharge | $1.9B | $1.7B | $132M | +8% |
| Truckload and LTL fuel surcharge | $348M | $206M | $142M | +69% |
| Revenue | $2.2B | $1.9B | $274M | +14% |
| Operating profit | $179M | $50.3M | $128M | +255% |
| Costs & expenses | $2.0B | $1.9B | $145M | +8% |
| Pre-tax earnings | $163M | $15.7M | $147M | +934% |
| Other expense, net | $16.2M | $34.6M | −$18.4M | -53% |
| Net earnings | $118M | $8.3M | $110M | 14× |
| Income tax | $44.5M | $7.4M | $37.1M | +502% |
| Depreciation & amortization | $199M | $198M | $401K | +0.2% |
| Working capital & other | $32.8M | $10.9M | $21.9M | +201% |
| Operating cash flow | $350M | $218M | $132M | +61% |
| Free cash flow (OCF − capex) | $113M | −$93.5M | $207M | — |
| Capital expenditures | $236M | $311M | −$74.9M | -24% |
Questions
How much did Knight-Swift Transportation Holdings's revenue grow year over year in Q3 2026?
Knight-Swift Transportation Holdings's revenue rose $274M (+14%) from $1.9B in Q3 2025 to $2.2B in Q3 2026.
What drove Knight-Swift Transportation Holdings's revenue change in Q3 2026?
Truckload and LTL fuel surcharge +$142M (+69%); Revenue, excluding truckload and LTL fuel surcharge +$132M (+8%).