| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.4K | 22.3% | 18.2% |
| Total Income | 1.4K | 22.3% | 18.2% |
| Expenditure | 1.4K | 22.1% | 18.1% |
| PBT | 65.42 | 24.1% | 17.7% |
| Net Profit | 48.95 | 24.1% | 16.9% |
| OPM | 4.62% | 0.08pp | 0.02pp |
| NPM | 3.42% | 0.05pp | 0.04pp |
| EPS | 1.44 | 24.1% | 20.0% |
Landstar System Reports Q2 2026 Revenue of $1.43B and EPS of $1.44
29 Jul 2026 · 29 Jul, 1:57 am
Summary
Landstar System reported a strong second quarter of 2026 with total revenue reaching $1.432 billion, an 18% increase year-over-year, driven by an 19% rise in truck revenue. Earnings per share also saw a significant 20% increase to $1.44. The company highlighted robust truck volumes and revenue per load that outpaced seasonal patterns, contributing to a 17% increase in variable contribution. Despite challenges from increased insurance and claims expense, management expressed satisfaction with network performance and capacity growth.
Key Highlights
- 1
Landstar System reported total revenue of $1.432 billion for the 2026 second quarter, an increase of 18% compared to $1.211 billion in the 2025 second quarter.
- 2
Basic and diluted earnings per share (EPS) were $1.44 in the 2026 second quarter, a 20% increase from $1.20 per share in the 2025 second quarter.
- 3
The company announced a 21% increase in gross profit and a 17% increase in variable contribution for the 2026 second quarter compared to the prior year.
- 4
Truck revenue increased by 19% year-over-year to $1.334 billion in the second quarter of 2026.
- 5
Truck revenue per load increased approximately 17% in the 2026 second quarter compared to the 2025 second quarter.
- 6
Landstar reported a net increase of 68 BCO truck additions during the second quarter, the strongest quarterly improvement since Q1 2022.
- 7
The company's Board of Directors declared a quarterly dividend of $0.44 per share, a 10% increase over the previous amount.
Management Comments
Frank Lonegro
The Landstar team of independent business owners and employees truly shined in a rapidly improving freight transportation backdrop. I was pleased that our network generated both truck volumes and truck revenue per load that outpaced normal seasonal patterns, with variable contribution increasing approximately 17% year-over-year. I was delighted to see our net 68 BCO truck additions during the second quarter, the strongest quarterly improvement since the first quarter of 2022. Although the Company experienced a lower DOT accident frequency during the 2026 first half, increased insurance and claims expense, primarily attributable to unfavorable development of prior years’ claims, had an adverse impact on our second quarter results. The claim environment for freight transportation providers remains challenging, especially with the U.S. Supreme Court’s recent Montgomery decision relating to potential broker liability.
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