Q2 26 EPS
$1.91
BEAT +10.58%
Est. $1.73
Q2 26 Revenue
$3.50B
BEAT +7.34%
Est. $3.26B
vs S&P Since Q2 26
+4.0%
BEATING MARKET
JBHT +3.0% vs S&P -1.0%
Market Reaction
Did JBHT Beat Earnings? Q2 2026 Results
J.B. Hunt Transport Services turned in a standout second quarter for 2026, posting earnings per share of $1.91 and revenue of $3.50 billion, beating the Wall Street consensus of $1.73 per share by 10.33% and topping revenue estimates of $3.26 billion… Read more J.B. Hunt Transport Services turned in a standout second quarter for 2026, posting earnings per share of $1.91 and revenue of $3.50 billion, beating the Wall Street consensus of $1.73 per share by 10.33% and topping revenue estimates of $3.26 billion by 7.34%, with sales climbing 19.4% year over year. Heading into the print, analysts had anticipated a solid quarter, and the results broadly validated that optimism. The clearest engine behind the beat was intermodal, where revenue jumped 22% on a 10% volume increase and a sharp 58% rise in operating income, driven by network efficiency gains, reduced empty container repositioning, and a compelling value proposition as higher fuel prices weighed on competing trucking modes. Broad-based volume growth and disciplined cost management across most other segments reinforced the top and bottom lines alike. Looking ahead, management guided the full-year 2026 effective tax rate to between 24.0% and 24.5%, while emphasizing continued investment in technology, capacity, and structural cost reduction as the freight environment evolves.
Key Takeaways
- • Intermodal volume increased 10% with Eastern network loads up 16% driven by freight conversion
- • Revenue excluding fuel surcharge increased 11% year-over-year
- • Operating income growth of 32% driven by higher revenue, improved productivity, structural cost removal, and lower group medical claims
- • DCS productivity (revenue per truck per week) increased 9% with customer retention improving to approximately 96%
- • ICS volume increased 19% with revenue per load up 26% across both contractual and transactional volume
- • JBT load volume increased 14% with trailer turns improving 13% due to better network balance
- • Net interest expense declined 21% due to lower average consolidated debt balance
- • Lower facility rental and equipment storage expenses across the business
JBHT Forward Guidance & Outlook
The company expects its 2026 annual effective income tax rate to be between 24.0% and 24.5%. Management remains focused on creating long-term shareholder value while maintaining discipline around returns on capital as market conditions continue to evolve. The company continues executing structural cost reduction initiatives across all segments and investing in people, technology, and capacity to drive growth.
JBHT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
JBHT Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm grateful for our people and their continued focus on delivering operational excellence around service, safety and cost discipline in this dynamic environment.”
— Shelley Simpson, Q2 2026 Earnings Press Release
JBHT Earnings Trends
JBHT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
JBHT EPS Trend
Earnings per share: estimate vs actual
JBHT Revenue Trend
Quarterly revenue: estimate vs actual
JBHT Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.73 | $1.91 | +10.58% | $3.50B | +7.34% |
| Q1 26 BEAT | $1.45 | $1.49 | +3.02% | $3.06B | +3.49% |
| Q4 25 BEAT FY | $1.81 | $1.90 | +4.78% | $3.10B | -0.66% |
| FY Full Year | $6.04 | $6.12 | +1.33% | $12.00B | -0.18% |
| Q3 25 BEAT | $1.46 | $1.76 | +20.55% | $3.05B | +0.99% |
| Q2 25 MISS | $1.32 | $1.31 | -0.86% | $2.93B | +0.09% |
| Q1 25 BEAT | $1.15 | $1.17 | +2.18% | $2.92B | +0.66% |