Forward Air FWRD
NASDAQ FWRD
$18.11 +0.32 (+1.80%)
At close: Aug 21, 2026 · 4:00 PM EDT

Forward Air (FWRD) Accumulated Expenses (2009 - 2026)

Forward Air's (FWRD) quarterly Accumulated Expenses came in at $133.1 million in Q1 2026, down 7.24% YoY from $143.5 million in Q1 2025, and up 16.36% on a QoQ basis from $114.4 million in Q4 2025.

Forward Air (FWRD) Accumulated Expenses (2009 - 2026) Analysis & Trends

Forward Air (FWRD) has 18 years of Accumulated Expenses data on file, last reported at $133.1 million in Q1 2026.

  • Quarterly Accumulated Expenses fell 7.24% year-over-year to $133.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $133.1 million (down 7.24% YoY) and the FY2025 annual result came in at $114.4 million, down 4.52% from the prior year.
  • Accumulated Expenses advanced to $133.1 million in Q1 2026, from $114.4 million in the prior quarter.
  • In the past five years, Accumulated Expenses ranged from a high of $146.8 million in Q3 2025 to a low of $49.9 million in Q4 2022.
  • A 5-year average of $95.3 million and a median of $114.4 million in 2025 frame the typical range for Accumulated Expenses.
  • Annual changes were most pronounced in 2023 — Accumulated Expenses fell 20.55% — and 2024, when it surged 139.76%.
  • Tracing FWRD's Accumulated Expenses over 5 years: stood at $49.9 million in 2022, then grew by 26.1% to $62.9 million in 2023, then surged by 90.37% to $119.8 million in 2024, then decreased by 4.52% to $114.4 million in 2025, then rose by 16.36% to $133.1 million in 2026.
  • The last three Accumulated Expenses figures came in at $133.1 million (Q1 2026), $114.4 million (Q4 2025), and $146.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 United Parcel Service 86.89 Bn 82.23 Bn 19.65 Bn
2 Fedex 77.23 Bn 63.91 Bn 18.84 Bn
3 Hunt J B Transport Services 25.91 Bn 25.90 Bn -
4 Expeditors International Of Washington 24.62 Bn 23.58 Bn 1.09 Bn
5 ZTO Express (Cayman) 17.03 Bn 12.62 Bn 469.01 Mn
6 C. H. Robinson Worldwide 16.77 Bn 16.62 Bn 1.11 Bn
7 Landstar System 6.33 Bn 5.98 Bn 308.86 Mn
8 GXO Logistics 5.25 Bn 4.48 Bn 508.00 Mn
9 Pitney Bowes 2.24 Bn 1.96 Bn 296.14 Mn
10 Forward Air 588.72 Mn 449.27 Mn 617.46 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 118.55 Mn
Mar 31, 2026 133.14 Mn
Dec 31, 2025 114.42 Mn
Sep 30, 2025 146.79 Mn
Jun 30, 2025 115.61 Mn
Mar 31, 2025 143.53 Mn
Dec 31, 2024 119.84 Mn
Sep 30, 2024 135.59 Mn
Jun 30, 2024 117.43 Mn
Mar 31, 2024 118.96 Mn
Dec 31, 2023 62.95 Mn
Sep 30, 2023 56.55 Mn
Jun 30, 2023 53.27 Mn
Mar 31, 2023 52.81 Mn
Dec 31, 2022 49.92 Mn
Sep 30, 2022 67.98 Mn
Jun 30, 2022 64.36 Mn
Mar 31, 2022 66.47 Mn
Dec 31, 2021 61.62 Mn
Sep 30, 2021 63.58 Mn