Inferra AI / Company / KNX
Knight-Swift Transportation Holdings Inc.
KNX · Industrials
Last earnings Oct 21, 2026
Key results
Net incomequarter
$118.3 million
(NYSE KNX) ( Knight-Swift or the Company ), one of the largest and most diversified freight transportation companies, operating the largest full truckload fleet in North America, today reported third quarter 2026 net income attributable to Knight-Swift of $118.3 million and Adjusted Net Income Attributable to Knight-Swift 1 of $135.9 million.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Adjusted net incomequarter
$135.9 million
(NYSE KNX) ( Knight-Swift or the Company ), one of the largest and most diversified freight transportation companies, operating the largest full truckload fleet in North America, today reported third quarter 2026 net income attributable to Knight-Swift of $118.3 million and Adjusted Net Income Attributable to Knight-Swift 1 of $135.9 million.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Revenuequarter
$2.2 billion
During the third quarter of 2026, consolidated total revenue was $2.2 billion, a 14.2% increase from the third quarter of 2025, while consolidated revenue, excluding truckload and LTL fuel surcharge, grew 7.7%.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Consolidated operating incomequarter
$178.7 million
Consolidated operating income was $178.7 million, a 255.1% increase compared to the same quarter last year.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Adjusted operating incomequarter
$198.5 million
Adjusted Operating Income was $198.5 million, an 87.4% increase year-over-year.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Truckload Revenue, excluding fuel surcharge and intersegment transactions, increased 6.5% year-over-year driven by a 9.7% improvement in revenue per loaded mile, excluding fuel surcharge and intersegment transactions.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Logistics revenuequarter
1.0%
Logistics Revenue decreased 1.0% year-over-year while Adjusted Operating Income of $9.6 million grew 19.6% and Adjusted Operating Ratio improved 120 basis points to 93.1%.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Revenue per load increased 46.7% while load count declined 32.6% as we maintain a disciplined approach to profitability and carrier selection.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Gross marginquarter
18.9%
Gross margin of 18.9% increased 110 basis points year-over-year and 350 basis points sequentially from second quarter levels as contract pricing resets in line with tighter capacity conditions.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
AI analysis
Q3 2026 · reported Oct 21, 2026
Based on: Earnings release + Q3 2026 deck + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $118.3 million | — | — |
| Adjusted net income | $135.9 million | — | — |
| Revenue | $2.2 billion | — | — |
| Consolidated operating income | $178.7 million | — | — |
| Adjusted operating income | $198.5 million | — | — |
| Logistics revenue | 1.0% | — | — |
| Gross margin | 18.9% | — | — |
Guidance · company-stated
“up 25%”
“for full-year 2026 expected range of $600 million”
“on adjusted income before taxes of approximately 24.7% to 25.7%”
Guidance stated in the release's Business Outlook table for the fourth quarter; no direction stated — figures as stated in the table.
Margin
Capital allocation
Dividend On August 6, 2026, our board of directors declared a quarterly cash dividend of $0.20 per share of our common stock.
Event summary
Reports Third Quarter 2026 Revenue and Earnings Knight-Swift Transportation Holdings Inc
Based on: Earnings release + Q3 2026 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
revenue: “revenue up 25%”
capital expenditures: “capital expenditures for full-year 2026 expected range of $600 million”
effective tax rate: “effective tax rate on adjusted income before taxes of approximately 24.7% to 25.7%”
revenue (“the fourth quarter”)
“revenue up 25%”
capital expenditures (“the fourth quarter”)
“capital expenditures for full-year 2026 expected range of $600 million”
effective tax rate (“the fourth quarter”)
“effective tax rate on adjusted income before taxes of approximately 24.7% to 25.7%”
Guidance stated in the release's Business Outlook table for the fourth quarter; no direction stated — figures as stated in the table.
Capital allocation
Dividend On August 6, 2026, our board of directors declared a quarterly cash dividend of $0.20 per share of our common stock.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
The dividend was payable to the Company's stockholders of record as of September 4, 2026, and was paid on September 21, 2026.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Further, our GAAP results for the prior year quarter include a loss contingency of $11.2 million, a $2.0 million write-off of debt issuance costs, and $34.8 million of impairment charges (primarily from combining our less-than-truckload (LTL) brands under one trade name), each of which, except the loss contingency, were excluded from our non-GAAP results as shown in the reconciliation schedules following this release.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
The face value of our debt, net of unrestricted cash ( Net Debt ) was $2.1 billion as of September 30, 2026.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Free Cash Flow 2 for the year-to-date period ended September 30, 2026, was $373.2 million, reflecting $799.9 million in operating cash flows and $426.7 million of cash capital expenditures, net of disposal proceeds.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Equipment and Capital Expenditures Gain on sale of operating assets was $22.6 million in the third quarter of 2026, compared to $20.9 million in the same quarter of 2025.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Strategy & priorities
While we cannot control how much volume manifests under these arrangements, we are focused on seating our trucks and increasing utilization in order to make the most of the opportunities.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Similar to our outlook last quarter, we expect momentum across our businesses to keep building as rates continue to be reset, as we maintain our cost and operational initiatives, and as we anticipate more seasonal spot and project opportunities than we have seen in recent years.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Across our truckload segment, we are focused on closely monitoring market pricing and demand development, intentionally deploying capacity, intensely managing costs, increasing our seated truck percentage, and enhancing utilization in order to deliver even more quality service to our customers and maximize the opportunities provided by an improving market.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Our near-term focus is to drive both revenue and margin expansion in the business through strong service, disciplined pricing, and cost efficiency.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
We remain focused on delivering excellent service and driving appropriate returns through cost control, network balance, equipment utilization, and growing our load count with disciplined pricing.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Risks & headwinds
While fuel and driver-related costs were sequential headwinds in the quarter, our ongoing efforts around pricing and cost control helped us navigate these headwinds and achieve meaningful margin improvement.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Adjusted Operating Ratio improved 700 basis points year-over-year to 89.2% as our ongoing efforts around driver training, pricing, and cost control helped us navigate driver and fuel cost headwinds in the quarter.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Forward-looking statements are inherently uncertain, and are based upon the current beliefs, assumptions, and expectations of management and current market conditions, which are subject to significant risks and uncertainties as set forth in the Risk Factors section of Knight-Swift's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and various disclosures in our press releases, stockholder reports, and Current Reports on Form 8-K.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
If the risks or uncertainties ever materialize, or the beliefs, assumptions, or expectations prove incorrect, our business and results of operations may differ materially from those expressed or implied by such forward-looking statements.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Earnings release (8-K exhibit)EX-99Oct 21, 2026
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements.
SEC original ↗Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 21, 2026
Legal Proceedings 63 Item 1A.
SEC original ↗Knight-Swift Transportation Holdings Inc. — 10-Q Quarterly report10-QJul 29, 2026
Earnings deck slides
0 decks with slide viewKnight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Knight-Swift Transportation Holdings Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
8 documentsPresentations
12 documents
Transcripts
0 documentsNo transcripts for Knight-Swift Transportation Holdings Inc. are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention Knight-Swift Transportation Holdings Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“62026.htm (PRESS RELEASE ANNOUNCING QUARTERLY CASH DIVIDEND) Document Exhibit 99 KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. ANNOUNCES QUARTERLY CASH DIVIDEND… …such statements are subject to the safe harbor created by those sections and the P”
“… Knight Transportation, and later at Knight-Swift Transportation following a highly successful 2017 merger of the two companies. The Board of Directors has appointed Lead Independent Director David”
“51326.htm (PRESS RELEASE ANNOUNCING QUARTERLY CASH DIVIDEND) Document Exhibit 99 KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. ANNOUNCES QUARTERLY CASH DIVIDEND… …such statements are subject to the safe harbor created by those sections and the P”
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