| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.5K | 5.5% | 25.4% |
| Total Income | 1.5K | 5.5% | 25.4% |
| Expenditure | 1.4K | 5.8% | 22.5% |
| PBT | 65.18 | 0.4% | 149.6% |
| Net Profit | 48.04 | 1.9% | 148.1% |
| OPM | 4.33% | 0.29pp | 2.15pp |
| NPM | 3.18% | 0.24pp | 1.57pp |
| EPS | 1.42 | 1.4% | 153.6% |
Landstar System Reports Q3 2026 Revenue of $1.51B and EPS of $1.42
28 Oct 2026 · 1d ago, 1:56 am
Summary
Landstar System announced strong third quarter 2026 results, with revenue climbing 25% year-over-year to $1.512 billion, driven by a 29% increase in truck revenue. Earnings per share surged 154% to $1.42, despite elevated insurance and claim costs impacting the quarter. The company highlighted a significant increase in its Business Capacity Owner (BCO) truck additions and continued capital returns to stockholders through share repurchases and dividends.
Key Highlights
- 1
Landstar System reported total revenue of $1.512 billion for the third quarter of 2026, an increase of 25% compared to $1.205 billion in the third quarter of 2025.
- 2
Basic and diluted earnings per share (EPS) were $1.42 in the 2026 third quarter, a significant increase of 154% from $0.56 in the 2025 third quarter.
- 3
Truck revenue increased by 29% to $1.407 billion in the 2026 third quarter compared to the prior year's third quarter.
- 4
The company reported a 14% increase in gross profit and a 25% increase in variable contribution for the third quarter of 2026 compared to the 2025 third quarter.
- 5
Net income for the third quarter of 2026 was $48.0 million, a substantial increase from $19.4 million in the third quarter of 2025.
- 6
Landstar purchased 232,645 shares of its common stock for $41.4 million during the 2026 third quarter as part of its ongoing share repurchase program.
Management Comments
Frank Lonegro
The Landstar team of independent business owners and employees excelled in a freight transportation backdrop that continues to improve. Our network generated truck revenue of $1.407 billion, an increase of 29% compared to the 2025 third quarter, with revenue generated via van and unsided/platform equipment each increasing over 30% compared to the 2025 third quarter. In addition, I was highly encouraged to see our net 165 Business Capacity Owner (BCO) truck additions during the third quarter, the strongest quarterly improvement since the third quarter of 2021. We are continuing to deliver safety, security and service for our customers, and our BCOs achieved a 5% year-over-year improvement in DOT accident frequency. Even so, we are not immune to the challenges of the insurance and claims inflation prevalent in our industry.
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