Growth Metrics

Forward Air (FWRD) Tax Rate (2016 - 2025)

Forward Air (FWRD) has disclosed Tax Rate for 17 consecutive years, with 19.28% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Tax Rate fell 19260.0% year-over-year to 19.28%, compared with a TTM value of 3.72% through Dec 2025, down 628.0%, and an annual FY2025 reading of 3.72%, down 628.0% over the prior year.
  • Tax Rate was 19.28% for Q4 2025 at Forward Air, up from 1.65% in the prior quarter.
  • Across five years, Tax Rate topped out at 211.88% in Q4 2024 and bottomed at 47.09% in Q1 2025.
  • Average Tax Rate over 5 years is 28.66%, with a median of 24.68% recorded in 2021.
  • The sharpest move saw Tax Rate soared 18672bps in 2024, then plummeted -19260bps in 2025.
  • Year by year, Tax Rate stood at 25.34% in 2021, then increased by 17bps to 29.58% in 2022, then dropped by -15bps to 25.16% in 2023, then skyrocketed by 742bps to 211.88% in 2024, then crashed by -91bps to 19.28% in 2025.
  • Business Quant data shows Tax Rate for FWRD at 19.28% in Q4 2025, 1.65% in Q3 2025, and 45.13% in Q2 2025.