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Forward Air (FWRD) Operating Expenses (2016 - 2026)

Forward Air filings provide 18 years of Operating Expenses readings, the most recent being $561.6 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 84.58% to $561.6 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.2 billion, a 77.33% decrease, with the full-year FY2025 number at $1.2 billion, down 64.82% from a year prior.
  • Operating Expenses hit $561.6 million in Q1 2026 for Forward Air, up from -$580.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.6 billion in Q4 2024 to a low of -$580.1 million in Q4 2025.
  • Median Operating Expenses over the past 5 years was $438.4 million (2022), compared with a mean of $558.3 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 2203.02% in 2023 and later tumbled 122.26% in 2025.
  • Forward Air's Operating Expenses stood at $36.8 million in 2022, then skyrocketed by 2203.02% to $846.7 million in 2023, then surged by 207.8% to $2.6 billion in 2024, then crashed by 122.26% to -$580.1 million in 2025, then soared by 196.81% to $561.6 million in 2026.
  • The last three reported values for Operating Expenses were $561.6 million (Q1 2026), -$580.1 million (Q4 2025), and $616.8 million (Q3 2025) per Business Quant data.