Forward Air annual operating income
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2025
Forward Air Operating Income Growth & History (FWRD)
Forward Air's operating income was $36.4M for fiscal 2025.
View full Forward Air company overviewForward Air annual operating income history
| Fiscal year | Period ended | Operating income | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $36.4M | $1.10B | — |
| 2024 | 2024-12-31 | −$1.06B | −$1.15B | — |
| 2023 | 2023-12-31 | $88.2M | −$159.4M | −64.37% |
| 2022 | 2022-12-31 | $247.6M | $100.6M | +68.40% |
| 2021 | 2021-12-31 | $147.0M | $73.1M | +98.89% |
| 2020 | 2020-12-31 | $73.9M | −$38.5M | −34.24% |
| 2019 | 2019-12-31 | $112.4M | −$4.8M | −4.10% |
| 2018 | 2018-12-31 | $117.2M | $8.5M | +7.78% |
| 2017 | 2017-12-31 | $108.8M | $49.1M | +82.16% |
| 2016 | 2016-12-31 | $59.7M | −$22.1M | −26.99% |
| 2015 | 2015-12-31 | $81.8M | −$14.6M | −15.18% |
| 2014 | 2014-12-31 | $96.4M | $12.1M | +14.29% |
| 2013 | 2013-12-31 | $84.4M | $823,000 | +0.99% |
| 2012 | 2012-12-31 | $83.5M | $6.4M | +8.33% |
| 2011 | 2011-12-31 | $77.1M | $23.4M | +43.49% |
| 2010 | 2010-12-31 | $53.7M | $35.2M | +189.70% |
| 2009 | 2009-12-31 | $18.6M | −$51.7M | −73.61% |
| 2008 | 2008-12-31 | $70.3M | — | — |
Forward Air quarterly operating income
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Q3.09
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Q2.10
Q3.10
Q4.10
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Q3.11
Q4.11
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Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
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Q2.14
Q3.14
Q4.14
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Q2.15
Q3.15
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Q4.16
Q1.17
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Q4.17
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Q3.18
Q4.18
Q1.19
Q2.19
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Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating income | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$201.3M | −$220.8M | — |
| Q1 2026 | 2026-03-31 | $20.4M | $15.7M | +329.16% |
| Q4 2025 | 2025-12-31 | −$2.9M | −$78.7M | — |
| Q3 2025 | 2025-09-30 | $15.0M | −$7.7M | −33.88% |
| Q2 2025 | 2025-06-30 | $19.5M | $1.12B | — |
| Q1 2025 | 2025-03-31 | $4.8M | $70.5M | — |
| Q4 2024 | 2024-12-31 | $75.9M | $72.9M | +2428.47% |
| Q3 2024 | 2024-09-30 | $22.7M | $11.0M | +94.17% |
| Q2 2024 | 2024-06-30 | −$1.10B | −$1.12B | — |
| Q1 2024 | 2024-03-31 | −$65.7M | −$112.9M | — |
| Q4 2023 | 2023-12-31 | $3.0M | −$40.0M | −93.03% |
| Q3 2023 | 2023-09-30 | $11.7M | −$60.0M | −83.69% |
| Q2 2023 | 2023-06-30 | $26.3M | −$49.2M | −65.15% |
| Q1 2023 | 2023-03-31 | $47.2M | −$10.2M | −17.71% |
| Q4 2022 | 2022-12-31 | $43.0M | $3.3M | +8.39% |
| Q3 2022 | 2022-09-30 | $71.7M | $29.2M | +68.72% |
| Q2 2022 | 2022-06-30 | $75.5M | $33.4M | +79.34% |
| Q1 2022 | 2022-03-31 | $57.4M | $34.6M | +152.38% |
| Q4 2021 | 2021-12-31 | $39.7M | $19.0M | +91.53% |
| Q3 2021 | 2021-09-30 | $42.5M | $19.0M | +80.67% |
| Q2 2021 | 2021-06-30 | $42.1M | $28.2M | +202.75% |
| Q1 2021 | 2021-03-31 | $22.7M | $7.0M | +44.08% |
| Q4 2020 | 2020-12-31 | $20.7M | −$12.1M | −36.90% |
| Q3 2020 | 2020-09-30 | $23.5M | −$5.7M | −19.45% |
| Q2 2020 | 2020-06-30 | $13.9M | −$15.2M | −52.14% |
| Q1 2020 | 2020-03-31 | $15.8M | −$9.0M | −36.23% |
| Q4 2019 | 2019-12-31 | $32.9M | −$2.2M | −6.26% |
| Q3 2019 | 2019-09-30 | $29.2M | −$693,000 | −2.32% |
| Q2 2019 | 2019-06-30 | $29.1M | −$3.8M | −11.56% |
| Q1 2019 | 2019-03-31 | $24.7M | $499,000 | +2.06% |
| Q4 2018 | 2018-12-31 | $35.0M | $7.2M | +25.87% |
| Q3 2018 | 2018-09-30 | $29.9M | $2.7M | +9.95% |
| Q2 2018 | 2018-06-30 | $32.9M | $2.9M | +9.58% |
| Q1 2018 | 2018-03-31 | $24.2M | $492,000 | +2.07% |
| Q4 2017 | 2017-12-31 | $27.8M | −$380,000 | −1.35% |
| Q3 2017 | 2017-09-30 | $27.2M | $2.5M | +10.02% |
| Q2 2017 | 2017-06-30 | $30.0M | $44.3M | — |
| Q1 2017 | 2017-03-31 | $23.7M | $2.3M | +10.93% |
| Q4 2016 | 2016-12-31 | $28.2M | −$792,000 | −2.73% |
| Q3 2016 | 2016-09-30 | $24.7M | $99,000 | +0.40% |
| Q2 2016 | 2016-06-30 | −$14.3M | −$34.3M | — |
| Q1 2016 | 2016-03-31 | $21.4M | $13.2M | +159.51% |
| Q4 2015 | 2015-12-31 | $29.0M | $3.4M | +13.19% |
| Q3 2015 | 2015-09-30 | $24.6M | −$2.3M | −8.57% |
| Q2 2015 | 2015-06-30 | $19.9M | −$7.7M | −27.86% |
| Q1 2015 | 2015-03-31 | $8.2M | −$8.0M | −49.31% |
| Q4 2014 | 2014-12-31 | $25.6M | $2.4M | +10.48% |
| Q3 2014 | 2014-09-30 | $26.9M | $4.0M | +17.71% |
| Q2 2014 | 2014-06-30 | $27.6M | $5.1M | +22.62% |
| Q1 2014 | 2014-03-31 | $16.3M | $481,000 | +3.05% |
| Q4 2013 | 2013-12-31 | $23.2M | −$831,000 | −3.46% |
| Q3 2013 | 2013-09-30 | $22.9M | $3.2M | +16.46% |
| Q2 2013 | 2013-06-30 | $22.5M | −$578,000 | −2.50% |
| Q1 2013 | 2013-03-31 | $15.8M | −$999,000 | −5.95% |
| Q4 2012 | 2012-12-31 | $24.0M | $406,000 | +1.72% |
| Q3 2012 | 2012-09-30 | $19.6M | −$694,000 | −3.42% |
| Q2 2012 | 2012-06-30 | $23.1M | $3.2M | +16.14% |
| Q1 2012 | 2012-03-31 | $16.8M | $3.5M | +26.37% |
| Q4 2011 | 2011-12-31 | $23.6M | $5.0M | +26.51% |
| Q3 2011 | 2011-09-30 | $20.3M | $4.8M | +31.05% |
| Q2 2011 | 2011-06-30 | $19.9M | $6.4M | +47.21% |
| Q1 2011 | 2011-03-31 | $13.3M | $7.2M | +119.42% |
| Q4 2010 | 2010-12-31 | $18.7M | — | — |
| Q3 2010 | 2010-09-30 | $15.5M | $8.8M | +132.42% |
| Q2 2010 | 2010-06-30 | $13.5M | $8.6M | +177.08% |
| Q1 2010 | 2010-03-31 | $6.1M | — | — |
| Q3 2009 | 2009-09-30 | $6.7M | — | — |
| Q2 2009 | 2009-06-30 | $4.9M | — | — |
Forward Air operating income trends
Over the last five fiscal years, Forward Air's operating income decreased from $73.9M to $36.4M, a change of −$37.5M. The latest reported quarter, Q2 2026, shows −$201.3M.
About the metric
What operating income means
Operating income is the profit or loss a company generates from its core business after cost of revenue and operating expenses, but before non-operating items such as interest and income taxes.
Calculation and source
SEC-reported operating income
TickerStat standardizes operating income reported in company SEC filings for aligned fiscal periods. It is not adjusted EBIT, an analyst estimate, or company guidance. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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