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Forward Air (FWRD) Operating Expenses (2016 - 2025)

Forward Air's Operating Expenses history spans 17 years, with the latest figure at $634.1 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 13.84% year-over-year to $634.1 million; the TTM value through Dec 2025 reached $1.9 billion, up 3.65%, while the annual FY2025 figure was $2.5 billion, 30.49% down from the prior year.
  • Operating Expenses reached $634.1 million in Q4 2025 per FWRD's latest filing, up from $316.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $634.1 million in Q4 2025 to a low of -$360.9 million in Q4 2023.
  • Average Operating Expenses over 5 years is $296.9 million, with a median of $307.4 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: tumbled 1081.67% in 2023, then soared 254.33% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $145.0 million in 2021, then tumbled by 74.65% to $36.8 million in 2022, then crashed by 1081.67% to -$360.9 million in 2023, then skyrocketed by 254.33% to $557.0 million in 2024, then rose by 13.84% to $634.1 million in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Operating Expenses are $634.1 million (Q4 2025), $316.4 million (Q3 2025), and $599.3 million (Q2 2025).