J.B. Hunt Transport Services (JBHT) Q2 2026 earnings summary

Executive summary

• Second quarter 2026 revenue reached $3.50 billion, up 19% year-over-year, with net earnings of $181.0 million and diluted EPS of $1.91, a 45% increase from the prior year.

• Operating income rose 32% to $259.5 million, driven by higher revenue, improved productivity, and cost discipline.

• Maintained focus on cost control, removing over $135 million in structural costs over the past year, and leveraging technology and process improvements.

• Gained market share across all major business units, with double-digit volume growth in Intermodal (JBI), Truckload (JBT), and Integrated Capacity Solutions (ICS).

• Positioned for sustainable, disciplined growth and long-term shareholder value through investments in people, technology, and capacity.

Financial highlights

• Total revenue increased 19% year-over-year to $3.50 billion; operating income up 32% to $259.5 million; diluted EPS up 45% to $1.91.

• Achieved double-digit volume growth in JBI, ICS, and JBT segments.

• Over $135 million in structural costs removed in the past year, improving operating leverage.

• Record quarterly Intermodal volume with over 578,000 loads, up 10% year-over-year.

• Net interest expense decreased 21% due to lower average debt.

Outlook and guidance

• Expect demand for services to remain strong in the second half of the year, with continued alignment to customer capacity needs.

• Anticipate further pricing opportunities, especially in Intermodal, as bid cycles progress and truckload rates rise.

• Dedicated fleet growth expected to resume, with a robust sales pipeline and disciplined margin focus.

• Annual tax rate expected between 24.0% and 24.5%.