Growth Metrics

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

Forward Air's Tax Rate history spans 17 years, with the latest figure at 19.28% for Q4 2025.

  • For Q4 2025, Tax Rate fell 19260.0% year-over-year to 19.28%; the TTM value through Dec 2025 reached 3.72%, down 628.0%, while the annual FY2025 figure was 3.72%, 628.0% down from the prior year.
  • Tax Rate reached 19.28% in Q4 2025 per FWRD's latest filing, up from 1.65% 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.
  • Average Tax Rate over 5 years is 28.53%, with a median of 25.08% recorded in 2021.
  • Peak YoY movement for Tax Rate: skyrocketed 18206bps in 2024, then plummeted -19260bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 25.34% in 2021, then increased by 17bps to 29.58% in 2022, then grew by 1bps to 29.82% in 2023, then surged by 611bps to 211.88% in 2024, then crashed by -91bps to 19.28% in 2025.
  • Per Business Quant, the three most recent readings for FWRD's Tax Rate are 19.28% (Q4 2025), 1.65% (Q3 2025), and 45.13% (Q2 2025).