Forward Air FWRD
NASDAQ FWRD
$18.11 +0.32 (+1.80%)
At close: Aug 21, 2026 · 4:00 PM EDT

Forward Air (FWRD) Revenue (2009 - 2026)

Forward Air's (FWRD) quarterly Revenue came in at $582.0 million in Q1 2026, down 5.09% YoY from $613.3 million in Q1 2025, and down 7.79% on a QoQ basis from $631.2 million in Q4 2025.

Forward Air (FWRD) Revenue (2009 - 2026) Analysis & Trends

Forward Air (FWRD) has 18 years of Revenue data on file, last reported at $582.0 million in Q1 2026.

  • Quarterly Revenue fell 5.09% year-over-year to $582.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.5 billion (down 3.22% YoY) and the FY2025 annual result came in at $2.5 billion, up 0.84% from the prior year.
  • Revenue eased to $582.0 million in Q1 2026, from $631.2 million in the prior quarter.
  • In the past five years, Revenue ranged from a high of $655.9 million in Q3 2024 to a low of $333.6 million in Q2 2023.
  • A 5-year average of $506.0 million and a median of $541.8 million in 2024 frame the typical range for Revenue.
  • Annual changes were most pronounced in 2022 — Revenue surged 118.18% — and 2023, when it dropped 24.55%.
  • Tracing FWRD's Revenue over 5 years: stood at $403.0 million in 2022, then retreated by 16.03% to $338.4 million in 2023, then soared by 87.0% to $632.8 million in 2024, then declined by 0.26% to $631.2 million in 2025, then fell by 7.79% to $582.0 million in 2026.
  • The last three Revenue figures came in at $582.0 million (Q1 2026), $631.2 million (Q4 2025), and $631.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 United Parcel Service 86.89 Bn 82.23 Bn 19.65 Bn 22.83 Bn
2 Fedex 77.23 Bn 63.91 Bn 18.84 Bn 25.01 Bn
3 Hunt J B Transport Services 25.91 Bn 25.90 Bn - 3.50 Bn
4 Expeditors International Of Washington 24.62 Bn 23.58 Bn 1.09 Bn 3.50 Bn
5 ZTO Express (Cayman) 17.03 Bn 12.62 Bn 469.01 Mn 1.93 Bn
6 C. H. Robinson Worldwide 16.77 Bn 16.62 Bn 1.11 Bn 4.93 Bn
7 Landstar System 6.33 Bn 5.98 Bn 308.86 Mn 1.43 Bn
8 GXO Logistics 5.25 Bn 4.48 Bn 508.00 Mn 3.44 Bn
9 Pitney Bowes 2.24 Bn 1.96 Bn 296.14 Mn 451.50 Mn
10 Forward Air 588.72 Mn 449.27 Mn 617.46 Mn 673.04 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 673.04 Mn
Mar 31, 2026 582.05 Mn
Dec 31, 2025 631.23 Mn
Sep 30, 2025 631.76 Mn
Jun 30, 2025 618.84 Mn
Mar 31, 2025 613.28 Mn
Dec 31, 2024 632.85 Mn
Sep 30, 2024 655.94 Mn
Jun 30, 2024 643.67 Mn
Mar 31, 2024 541.81 Mn
Dec 31, 2023 338.43 Mn
Sep 30, 2023 340.98 Mn
Jun 30, 2023 333.62 Mn
Mar 31, 2023 357.71 Mn
Dec 31, 2022 403.04 Mn
Sep 30, 2022 433.20 Mn
Jun 30, 2022 442.19 Mn
Mar 31, 2022 401.20 Mn
Dec 31, 2021 184.73 Mn
Sep 30, 2021 419.63 Mn