Forward Air (FWRD) Tax Rate (2009 - 2026)
Forward Air's (FWRD) quarterly Tax Rate came in at 4.67% in Q1 2026, up 4242.0% YoY from 0.11% in Q1 2025, and down 124.22% on a QoQ basis from 19.28% in Q4 2025.
Forward Air (FWRD) Tax Rate (2009 - 2026) Analysis & Trends
Forward Air (FWRD) has 18 years of Tax Rate data on file, last reported at 4.67% in Q1 2026.
- Quarterly Tax Rate rose 4242.0% year-over-year to 4.67% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.16% (up 881.0% YoY) and the FY2025 annual result came in at 3.72%, down 628.0% from the prior year.
- Tax Rate slipped to 4.67% in Q1 2026, from 19.28% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 211.88% in Q4 2024 to a low of 47.09% in Q1 2025.
- A 5-year average of 27.46% and a median of 24.54% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate soared 18206 bps — and 2025, when it plunged 19260 bps.
- Tracing FWRD's Tax Rate over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 20.63% |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 24.21% |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 25.40% |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 25.44% |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 21.47% |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | -21.36% |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 25.17% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 43.75% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 23.79% |
| 10 | Forward Air | 577.19 Mn | 437.74 Mn | 617.46 Mn | 0.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.07% |
| Jun 30, 2026 | 0.07% |
| Jun 30, 2026 | 0.07% |
| Mar 31, 2026 | -4.67% |
| Mar 31, 2026 | -4.67% |
| Mar 31, 2026 | -4.67% |
| Dec 31, 2025 | 19.28% |
| Dec 31, 2025 | 19.28% |
| Dec 31, 2025 | 19.28% |
| Sep 30, 2025 | -1.65% |
| Sep 30, 2025 | -1.65% |
| Sep 30, 2025 | -1.65% |
| Jun 30, 2025 | 45.13% |
| Jun 30, 2025 | 45.13% |
| Jun 30, 2025 | 45.13% |
| Mar 31, 2025 | -47.09% |
| Mar 31, 2025 | -47.09% |
| Mar 31, 2025 | -47.09% |
| Dec 31, 2024 | 211.88% |
| Dec 31, 2024 | 211.88% |