Forward Air (FWRD) Accumulated Expenses (2009 - 2026)
Forward Air (FWRD) reported Accumulated Expenses of $133.1 million for Q1 2026, down 7.24% on a YoY basis from $143.5 million in Q1 2025, and up 16.36% quarter-over-quarter from $114.4 million in Q4 2025.
Forward Air (FWRD) Accumulated Expenses (2009 - 2026) Analysis & Trends
Forward Air has reported Accumulated Expenses for 18 years, with the latest figure at $133.1 million in Q1 2026.
- For the quarter ending Q1 2026, Accumulated Expenses fell 7.24% year-over-year to $133.1 million; the trailing twelve-month figure through Mar 2026 stood at $133.1 million (down 7.24% YoY), and the FY2025 full-year result was $114.4 million, down 4.52% from the prior year.
- Accumulated Expenses for Q1 2026 stood at $133.1 million, up from $114.4 million in the prior quarter.
- The five-year high for Accumulated Expenses was $146.8 million in Q3 2025, with the low at $49.9 million in Q4 2022.
- Historically, Accumulated Expenses has averaged $95.3 million across 5 years, with a median of $114.4 million in 2025.
- Annual changes were most pronounced in 2023 — Accumulated Expenses fell 20.55% — and 2024, when it surged 139.76%.
- Forward Air's Accumulated Expenses 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 | 92.26 Bn | 86.49 Bn | 18.44 Bn |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn |
| 10 | Forward Air | 326.09 Mn | 226.34 Mn | 526.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 70.89 Mn |