Filing Flows › Landstar System (LSTR) › Q3 2026
Landstar System (LSTR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Landstar System (LSTR) reported revenue of $1.5B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +6% from the quarter before. Operating margin was 4.3%, net earnings $48.0M (3.2% of revenue).
Landstar System, Q3 2026: revenue $1.5B (+25% year over year), operating margin 4.3%, net earnings $48.0M, operating cash flow $70.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +6% | +25% |
| Operating profit | $65.5M | -1% | +149% |
| Net earnings | $48.0M | -2% | +148% |
| Operating cash flow | $70.9M | — | -21% |
| Free cash flow | $68.0M | — | -21% |
What changed
Revenue was $1.5B in Q3 2026, up 25% year over year and up 6% from the previous quarter. Transportation Logistics was the largest line at 99% of revenue. Transportation Logistics added $0.31B year over year (up 26%), 100% of the total change.
Operating profit was $0.07B, a 4.3% margin (up 2.2 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 2% margin then. Total costs grew 23% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $0.05B, up 148% year over year. The effective tax rate was 26.3%.
Operating cash flow was $0.07B (down 21% year over year), 148% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $0.01B. Capital expenditures of $2.9M left free cash flow of $0.07B.
Questions
What was Landstar System's revenue in the third quarter 2026?
Landstar System (LSTR) reported revenue of $1.5B for the third quarter 2026 (Q3 2026), +25% from a year earlier and +6% from the quarter before.
Was Landstar System profitable in the third quarter 2026?
Operating profit was $65.5M (4.3% of revenue) and net earnings $48.0M.
Source: Landstar System 10-Q on SEC EDGAR.