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, driven by disciplined execution, operational excellence, and strong volume growth in Intermodal, ICS, and Truckload segments.

• Operating income rose 32% to $259.5 million, reflecting improved productivity, cost discipline, and network efficiency.

• 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 continued disciplined growth and long-term shareholder value creation.

Financial highlights

• Total operating revenues for Q2 2026 rose 19% year-over-year to $3.50 billion; first six months revenue was $6.55 billion, up from $5.85 billion in 2025.

• Net earnings for Q2 2026 were $181.0 million, up 41% from $128.6 million in Q2 2025; six-month net earnings totaled $322.6 million, a 31% increase year-over-year.

• Operating income for Q2 2026 was $259.5 million, up 32% year-over-year; first half operating income was $466.5 million, up 24%.

• Diluted EPS rose 45% compared to the prior year period.

• Fuel surcharge revenue increased to $1.05 billion in the first half of 2026.

Outlook and guidance

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

• Annual tax rate for 2026 is expected to be between 24.0% and 24.5%.

• Net capital expenditures for 2026 are projected to be in the range of $600 million to $800 million.

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

• Management expects sufficient liquidity from operations and credit facilities to meet foreseeable needs.