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Old Dominion Freight Line (ODFL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Old Dominion Freight Line (ODFL) Q3 2026 earnings results →

Q3 2026 Revenue up 13% year over year to $1.6B · 22¢ of every $1 of revenue kept as net profit · operating margin 28.5%

Old Dominion Freight Line made $1.6B in Q3 2026 (+13% Y/Y): LTL Service Revenue $1.6B, Other Service Revenue $14.2M. Operating margin 28.5%, net earnings $344M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$1.6B
Year over year+13%
Operating margin28.5%
Net earnings$344M
Operating cash flow$469M

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Old Dominion Freight Line Q3 2026 revenue breakdown: Sankey diagram of revenue (LTL Service Revenue, Other Service Revenue), costs, profit and cash flow
Old Dominion Freight Line 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 $1.6B in Q3 2026, up 13% year over year and up 2% from the previous quarter. LTL Service Revenue was the largest line at 99% of revenue. LTL Service Revenue added $0.18B year over year (up 13%), 99% of the total change.

Operating profit was $0.45B, a 28.5% margin (up 2.8 points year over year). Of the extra revenue versus Q3 2025, 50% reached operating profit, above the 26% margin then. Total costs grew 9% against revenue growth of 13%. Net earnings were $0.34B, up 27% year over year. The effective tax rate was 24.5%.

Operating cash flow was $0.47B (up 7% year over year), 137% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items added $0.04B. Capital expenditures of $0.07B left free cash flow of $0.40B.

Quarterly history

Old Dominion Freight Line revenue by quarterOld Dominion Freight Line revenue by quarter$1.4BQ1 2025$1.4BQ2 2025$1.4BQ3 2025$1.3BQ4 2025$1.3BQ1 2026$1.6BQ2 2026$1.6BQ3 2026
Old Dominion Freight Line net earnings by quarterOld Dominion Freight Line net earnings by quarter$255MQ1 2025$269MQ2 2025$271MQ3 2025$229MQ4 2025$238MQ1 2026$351MQ2 2026$344MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$1.6B+13%28.5%$344M$469M
Q2 202610-QAug 5, 2026$1.6B+10%29.9%$351M$273M
Q1 202610-QMay 6, 2026$1.3B-3%23.8%$238M$374M
Q4 202510-KFeb 24, 2026$1.3B-6%23.3%$229M$310M
Q3 202510-QNov 6, 2025$1.4B-4%25.7%$271M$437M
Q2 202510-QAug 6, 2025$1.4B-6%25.4%$269M$286M
Q1 202510-QMay 6, 2025$1.4B-6%24.6%$255M$337M

Charts

Old Dominion Freight Line: revenue growth, year over year and quarter over quarterOld Dominion Freight Line: revenue growth, year over year and quarter over quarterY/YQ/Q-6%Q1 2025-6%+2%Q2 2025-4%0%Q3 2025-6%-7%Q4 2025-3%+2%Q1 2026+10%+16%Q2 2026+13%+2%Q3 2026
Latest (Q3 2026): Y/Y +13%, Q/Q +2%.
Old Dominion Freight Line: where the cash came from (+) and went (−), TTM to Q3 2026Old Dominion Freight Line: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.4BBuybacks−$526MCash drawn (+) / kept (−)−$420MCapital spending−$252MDividends−$239MAsset & business sales$78.5MOther financing−$51.0MNet borrowing (+) / repaid (−)−$20.0MOther investing$3.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Old Dominion Freight Line: profit against cash, quarter by quarterOld Dominion Freight Line: profit against cash, quarter by quarterNet incomeOperating cash flow$263M$401MQ4 2024$255M$337MQ1 2025$269M$286MQ2 2025$271M$437MQ3 2025$229M$310MQ4 2025$238M$374MQ1 2026$351M$273MQ2 2026$344M$469MQ3 2026
Latest (Q3 2026): Net income $344M, Operating cash flow $469M.
Old Dominion Freight Line: diluted shares by fiscal year (split-adjusted)Old Dominion Freight Line: diluted shares by fiscal year (split-adjusted)237MFY2020233MFY2021226MFY2022220MFY2023216MFY2024212MFY2025
-10.7% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2022.
Old Dominion Freight Line in its industry: growth against margin (13 companies, SIC 4213)Old Dominion Freight Line in its industry: growth against margin (13 companies, SIC 4213)revenue growth, year over year →↑ operating marginmedian +14%median 4%JBHTKNXSNDRLSTRARCBSAIAWERNULHCVLGMRTNHTLDPAMTODFL (+13%, 28%)
Trucking (No Local); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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🔄Rotation against the market and its industry (RRG)interactive

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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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Old Dominion Freight Line against its Trucking (No Local) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +16%. Operating margin: 28.5% against the peers' median 6.7%.

CompanyQuarterRevenueY/YOp. margin
ODFL Old Dominion Freight LineQ3 2026$1.6B+13%28.5%
JBHT Hunt J B Transport ServicesQ3 2026$3.7B+20%6.7%
KNX Knight-Swift Transportation HoldingsQ3 2026$2.2B+14%8.1%
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: Old Dominion Freight Line 10-Q on SEC EDGAR · CIK 878927 · Trucking (No Local)

Guidance and outlook

Old Dominion Freight Line: what its forward-looking statements are about (10-Q filed 2026-11-04)Old Dominion Freight Line: what its forward-looking statements are about (10-Q filed 2026-11-04)Capital spending5Buybacks & dividends2Demand1Other1
9 statements; tone +0.44 (−1 all cautious, +1 all confident); 4 hedged.
Old Dominion Freight Line: outlook statements against the filing beforeOld Dominion Freight Line: outlook statements against the filing beforeConfident4

13F: who owns ODFL and who is buying

Largest holders of ODFL (13F)Largest holders of ODFL (13F)Vanguard Group$3.6BBlackRock$3.4BFMR LLC$2.7BVanguard Capital Management LLC$2.6BPrice T Rowe Associates$2.1BVanguard Portfolio Management LLC$1.9BState Street$1.8BInvesco$1.6BGeode Capital Management, LLC$1.1BBoston Partners$828M
Funds' net buying of ODFL by quarter (13F)Funds' net buying of ODFL by quarter (13F)−$569M2024-09$199M2024-12−$133M2025-03−$1.1B2025-06$215M2025-09$2.1B2025-12−$187M2026-03−$766M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ODFL

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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