Filing Flows › Werner Enterprises (WERN) › Q2 2026 › vs Q2 2025
Werner Enterprises (WERN) Q2 2026 vs Q2 2025 (year over year)
Werner Enterprises's revenue rose $181M (+24%) from $753M in Q2 2025 to $934M in Q2 2026. The biggest changes: Transportation services +$180M (+25%); Other revenues +$548K (+3%). Operating margin 1.8% against 8.8% (-7.0 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 1.8% | 8.8% | -7.0 pts |
| Net margin | 0.7% | 5.9% | -5.2 pts |
| Free cash flow margin | 5.9% | -5.6% | +11.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Truckload Transportation Services | $703M | $513M | $190M | +37% |
| Werner Logistics | $212M | $221M | −$9.4M | -4% |
| Transportation services | $914M | $734M | $180M | +25% |
| Other revenues | $19.6M | $19.1M | $548K | +3% |
| Revenue | $934M | $753M | $181M | +24% |
| Operating profit | $16.9M | $66.3M | −$49.4M | -74% |
| Costs & expenses | $917M | $687M | $230M | +34% |
| Pre-tax earnings | $7.3M | $59.1M | −$51.8M | -88% |
| Other expense, net | $9.6M | $7.2M | $2.4M | +33% |
| Loss borne by minority interests | $1.0M | $440K | $575K | +131% |
| Net earnings | $6.3M | $44.1M | −$37.7M | -86% |
| Income tax | $2.0M | $15.5M | −$13.5M | -87% |
| Share-based compensation | $3.3M | $2.5M | $816K | +33% |
| Working capital & other | $74.2M | −$500K | $74.7M | — |
| Operating cash flow | $83.8M | $46.0M | $37.8M | +82% |
| Free cash flow (OCF − capex) | $54.8M | −$42.3M | $97.1M | — |
| Capital expenditures | $29.0M | $88.3M | −$59.3M | -67% |
Questions
How much did Werner Enterprises's revenue grow year over year in Q2 2026?
Werner Enterprises's revenue rose $181M (+24%) from $753M in Q2 2025 to $934M in Q2 2026.
What drove Werner Enterprises's revenue change in Q2 2026?
Transportation services +$180M (+25%); Other revenues +$548K (+3%).