Forward Air (FWRD) Tax Rate (2009 - 2026)

Forward Air has reported Tax Rate for 18 years, with the latest figure at 4.67% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 4242.0% year-over-year to 4.67%; the trailing twelve-month figure through Mar 2026 stood at 16.16% (up 881.0% YoY), and the FY2025 full-year result was 3.72%, down 628.0% from the prior year.
• Tax Rate for Q1 2026 stood at 4.67%, down from 19.28% in the prior quarter.
• The five-year high for Tax Rate was 211.88% in Q4 2024, with the low at 47.09% in Q1 2025.
• Historically, Tax Rate has averaged 27.46% across 5 years, with a median of 24.54% in 2022.
• Annual changes were most pronounced in 2024 — Tax Rate soared 18206 bps — and 2025, when it plunged 19260 bps.
• Forward Air's Tax Rate stood at 29.58% in 2022, then increased by 1 bps to 29.82% in 2023, then soared by 611 bps to 211.88% in 2024, then plunged by 91 bps to 19.28% in 2025, then tumbled by 124 bps to 4.67% in 2026.
• The last three Tax Rate figures came in at 4.67% (Q1 2026), 19.28% (Q4 2025), and 1.65% (Q3 2025), per Business Quant data.