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| Date | Value |
|---|---|
| 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 |