Forward Air (FWRD) Revenue (2009 - 2026)
Forward Air's Revenue was $673.04 million in Q2 2026, up 8.8% from $618.84 million a year earlier and up 15.6% from the prior quarter.
Powered by 
Analysis
Forward Air (FWRD) Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Forward Air's Revenue was $2.52 billion through Jun 30, 2026, down 0.1% year-over-year; for FY2025, it was $2.5 billion, up 0.8% from FY2024.
- Revenue shows a five-year compound annual growth rate of 14.5% (FY2020 to FY2025).
- In earlier years, Revenue was $2.47 billion in FY2024 (+80.5%), $1.37 billion in FY2023 (-18.4%), $1.68 billion in FY2022 (+21.1%) and $1.39 billion in FY2021 (+9.3%).
- The Q2 2026 figure marks the highest quarterly Revenue in data going back to Q2 2009.
- Compared with a year earlier, Revenue was higher in four of the last eight quarters, with growth averaging 23.6%.
- The best year-over-year quarter for Revenue over five years was Q4 2022 (growth of 118.2%); the worst was Q4 2021 (a decline of 47.3%).
- Per Business Quant data, FWRD's Revenue in the three quarters before Q2 2026 was $582.05 million (Q1 2026), $631.23 million (Q4 2025) and $631.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 6.86 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 3.94 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 3.01 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 22.83 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 3.47 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 25.01 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 19.76 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 1.55 Bn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 5.10 Bn |
| 10 | Forward Air | 506.38 Mn | -27.68 Mn | - | 673.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Forward Air Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=FWRD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "FWRD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=FWRD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();