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
DateValue
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