C.H. Robinson (CHRW) Q3 2026 Earnings
Excludes $16.1 million pre-tax restructuring and related costs (including $12.2 million Kansas City regional center lease impairment and $3.6 million severance) and $2.9 million acquisition-related costs
How Did CHRW Stock React to Q3 2026 Earnings?
Did CHRW Beat Earnings? Q3 2026 Results
Yes. C.H. Robinson reported Q3 2026 earnings of $1.80 a share on Oct 28, 2026, beating the $1.75 consensus estimate by 3.0%. Revenue was $5.4B against a $4.9B estimate.
C.H. Robinson Worldwide delivered a standout third quarter for fiscal 2026, beating Wall Street on both the top and bottom lines and extending its consecutive quarterly EPS beat streak to five. The freight and logistics giant posted adjusted diluted EPS of $1.80, ahead of the $1.75 consensus estimate by 3.01%, while total revenues surged 29.5% year-over-year to $5.36 billion, clearing the $4.91 billion analyst forecast by 9.04%. The primary engine behind the quarter was a sharp tightening in North American trucking supply, which lifted truckload linehaul cost per mile by 33.5% and, combined with disciplined revenue management, drove NAST truckload adjusted gross profit per shipment 17.0% higher. Global Forwarding added further fuel, with revenues climbing 46.1% to $1.15 billion on elevated ocean and air freight rates. Looking ahead, management expressed confidence in delivering at least $6.00 in full-year 2026 adjusted diluted EPS, even as the company moves forward with its proposed $5.80 billion acquisition of RXO, Inc., expected to close in the first half of 2027.
- 14th consecutive quarter of NAST volume growth outpacing the Cass Freight Shipment Index
- Disciplined revenue management enabling 17.0% Y/Y increase in NAST truckload AGP per shipment despite 33.5% increase in linehaul cost per mile
- Successful repricing of contractual truckload portfolio and capturing spot volumes at higher margins
- Lean AI strategy driving productivity improvements of greater than 15% Y/Y in Q3 for both NAST and GF, and more than 65% since end of 2022
- Average employee headcount declined 10.4% Y/Y while volumes grew
- Supply-driven tightening in North American trucking market driving higher rates
- Global disruptions and supply-side constraints driving higher ocean and air freight rates
- 70%/30% contractual/transactional truckload volume mix maintained
“I want to thank our people for continuing to provide exceptional service to our customers and carriers, embracing the Robinson operating model and executing with discipline, resulting in another quarter of double-digit year-over-year earnings growth.”
C.H. Robinson CEO, on the earnings call
What Is C.H. Robinson's Outlook?
C.H. Robinson expects its full-year 2026 effective tax rate to be 18% to 20%. Capital expenditures for 2026 are expected to be $65 million to $75 million. The company is confident in delivering operating income within its target range, with the bottom end equivalent to at least $6 of adjusted diluted EPS, despite year-to-date negative market volume growth. Market assumptions include market volume growth of -3% to +1% in 2026 and NAST AGP/shipment flat to up 4%. The company expects the RXO acquisition to close in the first half of 2027, with ~$300 million in estimated net run-rate cost synergies, accretion to adjusted EPS within 9 months of close, and mid-teens accretion in 2028. Share repurchases have been paused pending the RXO acquisition. The company targets net leverage of 1.75x-2.25x by year-end 2028.
CHRW YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.4B | $4.1B | +29.5% |
| Gross Profit | $795.6M | $356.8M | +123.0% |
| Operating Income | $271.8M | $220.8M | +23.1% |
| Net Income | $198.5M | $163.0M | +21.8% |
CHRW Revenue by Segment
When Does C.H. Robinson Report Next?
Figures from SEC filings and company reports. Not investment advice.