Knight-Swift Transportation Holdings (KNX) Operating Expenses (2010 - 2026)
Knight-Swift Transportation Holdings' Operating Expenses was $2.02 billion in Q3 2026, up 7.8% from $1.88 billion a year earlier and up 1.6% from the prior quarter.
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Analysis
Knight-Swift Transportation Holdings (KNX) Operating Expenses (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Knight-Swift Transportation Holdings' Operating Expenses was $7.66 billion through Sep 30, 2026, up 6.3% year-over-year; for FY2025, it came in at $7.25 billion, up 1.2% from FY2024.
- Operating Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 12.0% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $7.17 billion in FY2024 (+5.3%), $6.8 billion in FY2023 (+7.4%), $6.34 billion in FY2022 (+25.9%) and $5.03 billion in FY2021 (+22.5%).
- The Q3 2026 figure marks the highest quarterly Operating Expenses in data going back to Q2 2010.
- Compared with a year earlier, Operating Expenses has increased for six straight quarters, with growth averaging 2.6% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q2 2022 (growth of 45.4%); the worst was Q2 2023 (a decline of 10.8%).
- Per Business Quant data, KNX's Operating Expenses in the three quarters before Q3 2026 was $1.99 billion (Q2 2026), $1.82 billion (Q1 2026) and $1.83 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.24 Bn | 170.49 Bn | - | 4.25 Bn |
| 2 | Csx | 96.35 Bn | 91.58 Bn | - | 2.45 Bn |
| 3 | Canadian Pacific Kansas City | 80.12 Bn | 79.83 Bn | - | 1.95 Bn |
| 4 | United Parcel Service | 79.53 Bn | 56.45 Bn | - | 21.90 Bn |
| 5 | Norfolk Southern | 76.33 Bn | 70.79 Bn | - | 2.38 Bn |
| 6 | Fedex | 72.68 Bn | 38.63 Bn | - | 23.46 Bn |
| 7 | Delta Air Lines | 53.59 Bn | 35.78 Bn | - | 18.73 Bn |
| 8 | Old Dominion Freight Line | 38.80 Bn | 38.06 Bn | - | 1.09 Bn |
| 9 | United Airlines Holdings | 34.02 Bn | -23.68 Bn | - | 16.43 Bn |
| 10 | Knight-Swift Transportation Holdings | 10.25 Bn | 10.25 Bn | - | 2.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.02 Bn |
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 1.82 Bn |
| Dec 31, 2025 | 1.83 Bn |
| Sep 30, 2025 | 1.88 Bn |
| Jun 30, 2025 | 1.79 Bn |
| Mar 31, 2025 | 1.76 Bn |
| Dec 31, 2024 | 1.79 Bn |
| Sep 30, 2024 | 1.80 Bn |
| Jun 30, 2024 | 1.78 Bn |
| Mar 31, 2024 | 1.80 Bn |
| Dec 31, 2023 | 1.91 Bn |
| Sep 30, 2023 | 1.94 Bn |
| Jun 30, 2023 | 1.46 Bn |
| Mar 31, 2023 | 1.49 Bn |
| Dec 31, 2022 | 1.54 Bn |
| Sep 30, 2022 | 1.63 Bn |
| Jun 30, 2022 | 1.64 Bn |
| Mar 31, 2022 | 1.53 Bn |
| Dec 31, 2021 | 1.47 Bn |
API Access
Knight-Swift Transportation Holdings Operating Expenses 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=operating-expenses&ticker=KNX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "KNX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=KNX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();