Filing Flows › Werner Enterprises (WERN) › Q2 2026 › vs Q1 2026
Werner Enterprises (WERN) Q2 2026 vs Q1 2026 (quarter over quarter)
Werner Enterprises's revenue rose $125M (+15%) from $809M in Q1 2026 to $934M in Q2 2026. The biggest changes: Transportation services +$124M (+16%); Other revenues +$1.1M (+6%). Operating margin 1.8% against 0.5% (+1.3 pts).
Werner Enterprises, Q2 2026: revenue $934M (+24% year over year), operating margin 1.8%, net earnings $6.3M, operating cash flow $83.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 1.8% | 0.5% | +1.3 pts |
| Net margin | 0.7% | -0.5% | +1.2 pts |
| Free cash flow margin | 5.9% | 3.8% | +2.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Truckload Transportation Services | $703M | $594M | $108M | +18% |
| Werner Logistics | $212M | $196M | $15.9M | +8% |
| Transportation services | $914M | $790M | $124M | +16% |
| Other revenues | $19.6M | $18.6M | $1.1M | +6% |
| Revenue | $934M | $809M | $125M | +15% |
| Operating profit | $16.9M | $4.0M | $12.9M | +324% |
| Costs & expenses | $917M | $805M | $112M | +14% |
| Pre-tax earnings | $7.3M | −$5.9M | $13.3M | — |
| Other expense, net | $9.6M | $9.9M | −$354K | -4% |
| Loss borne by minority interests | $1.0M | $199K | $816K | +410% |
| Net earnings | $6.3M | −$4.3M | $10.6M | — |
| Income tax | $2.0M | −$1.5M | $3.5M | — |
| Share-based compensation | $3.3M | $2.8M | $439K | +15% |
| Working capital & other | $74.2M | $84.9M | −$10.7M | -13% |
| Operating cash flow | $83.8M | $83.5M | $355K | +0.4% |
| Free cash flow (OCF − capex) | $54.8M | $30.7M | $24.1M | +79% |
| Capital expenditures | $29.0M | $52.8M | −$23.8M | -45% |
Questions
How much did Werner Enterprises's revenue grow quarter over quarter in Q2 2026?
Werner Enterprises's revenue rose $125M (+15%) from $809M in Q1 2026 to $934M in Q2 2026.
What drove Werner Enterprises's revenue change in Q2 2026?
Transportation services +$124M (+16%); Other revenues +$1.1M (+6%).