Forward Air (FWRD) Operating Income (2009 - 2026)

Forward Air has reported Operating Income for 18 years, with the latest figure at $20.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Income rose 329.16% year-over-year to $20.4 million; the trailing twelve-month figure through Mar 2026 stood at $52.1 million (up 105.25% YoY), and the FY2025 full-year result was $36.4 million, up 103.43% from the prior year.
• Operating Income for Q1 2026 stood at $20.4 million, up from -$2.9 million in the prior quarter.
• The five-year high for Operating Income was $75.9 million in Q4 2024, with the low at -$1.1 billion in Q2 2024.
• Historically, Operating Income has averaged -$39.4 million across 5 years, with a median of $20.4 million in 2026.
• The largest YoY upside for Operating Income was 2428.5% in 2024 against a maximum downside of 4262.41% in 2024.
• Forward Air's Operating Income stood at $43.0 million in 2022, then slumped by 93.03% to $3.0 million in 2023, then surged by 2428.5% to $75.9 million in 2024, then sank by 103.78% to -$2.9 million in 2025, then soared by 812.73% to $20.4 million in 2026.
• The last three Operating Income figures came in at $20.4 million (Q1 2026), -$2.9 million (Q4 2025), and $15.0 million (Q3 2025), per Business Quant data.