Sep 2026 (Q3 FY26) — Oct 15, 2026
J.B. Hunt Q3 FY26 — Disciplined Growth Amidst Cost Headwinds, Focus on Margin Repair
Read the full callHunt J B Transport Services (JBHT) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
Hunt J B Transport Services earnings: last reported Thu, 15 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,495 | +19.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.4 | +0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 181 | +40.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dedicated operating margin: return to the 12% to 14% target range | get back in our range (12% to 14%) in the near term | Jun 2025 | Operating ratio, in terms of how our fuel surcharge mechanisms work, puts us fundamentally inside of our target margins just barely, but we're excited that we made that step. | Achieved* |
| Dedicated annual net truck growth | 800 to 1,000 net trucks in 2026 | Dec 2025 | I remain confident that this wave of growth is coming. | On Track |
2 of HUNT J B TRANSPORT SERVICES INC's 20 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 18 more targets are in the full ledger.
Claimed
- Total revenue increased 20% year-over-year, reflecting strong demand for services.
- Intermodal volumes grew 8% year-over-year, with Eastern network volumes up 18%.
- ICS gross margin expanded almost 200 basis points sequentially.
- Dedicated new truck sales reached 970 year-to-date, with a record pipeline.
- Year-to-date safety performance improved on last year's record.
Qualified
- Operating income increased only 2% year-over-year and fell 5% sequentially.
- Diluted earnings per share increased only 3% year-over-year.
- Over $50 million in cost headwinds impacted operating income, primarily from driver-related investments, volatile fuel, and higher claims/medical costs.
- Dedicated results were below expectations due to growth-related expenses and inflationary pressures.
- Intermodal Transcon volume growth was a modest 1% year-over-year.
Price
$223.25 −2.42% · −$5.53
Performance +35.4% 1Y
1Y: $164.85 on 17 Oct 2025 → $223.25. High $298.41 (16 Jul 2026), low $158.92 (20 Nov 2025).
- Previous close
- $228.78
- 52-week range
- $158.92 – $298.41
- One year
- +34.90%
Overview
- Symbol
- JBHT
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 10 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Dedicated operating margin: return to the 12% to 14% target range | get back in our range (12% to 14%) in the near term | Jun 2025 | Operating ratio, in terms of how our fuel surcharge mechanisms work, puts us fundamentally inside of our target margins just barely, but we're excited that we made that step. | Achieved* |
| Dedicated annual net truck growth | 800 to 1,000 net trucks in 2026 | Dec 2025 | I remain confident that this wave of growth is coming. | On Track |
Claimed
- Total revenue increased 20% year-over-year, reflecting strong demand for services.
- Intermodal volumes grew 8% year-over-year, with Eastern network volumes up 18%.
- ICS gross margin expanded almost 200 basis points sequentially.
- Dedicated new truck sales reached 970 year-to-date, with a record pipeline.
- Year-to-date safety performance improved on last year's record.
Qualified
- Operating income increased only 2% year-over-year and fell 5% sequentially.
- Diluted earnings per share increased only 3% year-over-year.
- Over $50 million in cost headwinds impacted operating income, primarily from driver-related investments, volatile fuel, and higher claims/medical costs.
- Dedicated results were below expectations due to growth-related expenses and inflationary pressures.
- Intermodal Transcon volume growth was a modest 1% year-over-year.
The full ledger
Open HUNT J B TRANSPORT SERVICES INC’s full ledger
A free account opens 5 company ledgers a month. All 20 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 15, 2026
J.B. Hunt Q2 FY26 — Strong Volume Growth and Margin Repair Amidst Tightening Market
Read the full callMar 2026 (Q1 FY26) — Apr 15, 2026
J.B. Hunt Q1 FY26 — Strong Operational Execution and Market Share Gains Amidst Tightening Capacity
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
Hunt J B Transport Services earnings calls (JBHT)
Financials
What the filings say
Net profit, year on year: +41% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,068 | 3,146 | 2,921 | 2,928 | 3,053 | 3,097 | 3,056 | 3,495 |
| Expenses | 2,844 | 2,939 | 2,743 | 2,731 | 2,810 | 2,850 | 2,849 | 3,236 |
| Operating profit | 224 | 207 | 179 | 197 | 243 | 246 | 207 | 259 |
| Operating margin | 7.3% | 6.6% | 6.1% | 6.7% | 8.0% | 8.0% | 6.8% | 7.4% |
| Interest | 21 | 22 | 19 | 21 | 18 | 17 | 18 | 17 |
| Profit before tax | 203 | 192 | 160 | 176 | 225 | 233 | 189 | 243 |
| Tax rate | 25.2% | 19.0% | 26.4% | 26.9% | 24.0% | 22.4% | 25.2% | 25.4% |
| Net profit | 152 | 155 | 118 | 129 | 171 | 181 | 142 | 181 |
| EPS ($ per share) | 1.50 | — | 1.18 | 1.32 | 1.78 | — | 1.50 | 1.92 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 4,188 | 4,593 | 4,985 | 5,621 | 6,424 | 6,978 | 7,373 | 7,801 |
| Total liabilities | 2,990 | 3,204 | 3,328 | 3,677 | 4,120 | 4,484 | 4,298 | 4,362 |
| Fixed assets | 3,445 | 3,621 | 3,689 | 4,068 | 4,980 | 5,774 | 5,730 | 5,538 |
| Total assets | 5,092 | 5,471 | 5,928 | 6,794 | 7,787 | 8,588 | 8,312 | 7,927 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,088 | 1,098 | 1,123 | 1,224 | 1,777 | 1,745 | 1,483 | 1,678 |
| Cash from investing | -887 | -804 | -613 | -877 | -1,550 | -1,685 | -664 | -575 |
| Cash from financing | -208 | -267 | -232 | -305 | -530 | -58 | -826 | -1,133 |
| Net cash flow | -7 | 27 | 278 | 42 | -304 | 1 | -6 | -30 |
| Capital expenditure | -996 | -854 | -739 | -948 | -1,541 | -1,862 | -865 | -731 |
| Free cash flow | 92 | 244 | 384 | 276 | 236 | -118 | 618 | 948 |
JBHT revenue by segment
ICS grew from 9% to 11% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| DCS | 28% | 27% | 28% | 29% | 28% | 27% | 28% | 26% | +8.7% |
| ICS | 9% | 10% | 9% | 9% | 9% | 10% | 11% | 11% | +49.3% |
| JBT | 6% | 6% | 6% | 6% | 6% | 6% | 7% | 7% | +35.4% |
| FMS | 7% | 7% | 7% | 7% | 7% | 7% | 6% | 6% | -6.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
200 filings between Oct 22, 2025 and Jun 5, 2026.
Open market
decisions to buy or sellPurchases
$2.1K
1 purchase by 1 insider
Sales
$13.82M
24 sales by 12 insiders
Compensation
not trading decisions- 6
- Award — granted as compensation
- 82
- Option exercise — converted options into shares
- 73
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 gifts, 1 disposition to issuer, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hicks Bradley W. | — | $4.11M | May 15, 2026 |
| Field Darren P. | — | $4.09M | May 14, 2026 |
| Hobbs Nicholas | — | $932.5K | Apr 22, 2026 |
| Kuhlow John | — | $805.4K | Feb 4, 2026 |
| THOMPSON JAMES K | — | $785.0K | Apr 21, 2026 |
| Webb Brian | — | $576.5K | Jun 5, 2026 |
| BOATTINI JENNIFER | — | $519.2K | Feb 27, 2026 |
| Frazier Spencer | $2.1K | $516.4K | May 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 5, 2026 | Webb Brian EVP- Final Mile Services | Sale | 1,500 | $426.0K |
| Jun 5, 2026 | Keefauver David EVP of People | Sale | 703 | $200.4K |
| Jun 2, 2026 | GARRISON EARL WAYNE Honorary Founding Director | Gift | 76,744 | $0 |
| May 29, 2026 | Hobbs Nicholas EVP and COO | Gift | 6,204 | $0 |
| May 28, 2026 | ROBO JAMES L Director | Other | 37,856 | $10.23M |
| May 19, 2026 | Frazier Spencer EVP of Sales and Marketing | Sale | 2,000 | $516.4K |
| May 15, 2026 | Hicks Bradley W. President of DCS | Sale | 7,644 | $2.00M |
| May 14, 2026 | Field Darren P. EVP and President Intermodal | Sale | 4,000 | $1.02M |
| May 5, 2026 | Delco Albert Brad EVP & CFO | Gift | 98 | $0 |
| Apr 23, 2026 | Hill Thad Director | Award | 1,320 | $334.9K |
| Apr 23, 2026 | Lisboa Persio V Director | Award | 1,241 | $314.9K |
| Apr 23, 2026 | GASAWAY SHARILYN S Director | Award | 1,399 | $354.9K |
| Apr 23, 2026 | Biggs M. Brett Director | Award | 855 | $216.9K |
| Apr 23, 2026 | Edwardson Francesca M. Director | Award | 1,241 | $314.9K |
| Apr 23, 2026 | ROBO JAMES L Director | Award | 1,359 | $344.8K |
| Apr 22, 2026 | Hobbs Nicholas EVP and COO | Sale | 1,272 | $319.0K |
| Apr 21, 2026 | THOMPSON JAMES K Director | Sale | 1,000 | $254.3K |
| Mar 31, 2026 | Field Darren P. EVP and President Intermodal | Tax withheld | 412 | $87.3K |
| Mar 31, 2026 | Field Darren P. EVP and President Intermodal | Option exercise | 2,372 | $0 |
| Mar 31, 2026 | Hicks Bradley W. President of DCS | Option exercise | 2,174 | $0 |
| Mar 31, 2026 | Kuhlow John Chief Accounting Officer | Tax withheld | 858 | $181.8K |
| Mar 31, 2026 | Hobbs Nicholas EVP and COO | Tax withheld | 1,100 | $233.1K |
| Mar 31, 2026 | Kuhlow John Chief Accounting Officer | Option exercise | 1,977 | $0 |
| Mar 31, 2026 | Hobbs Nicholas EVP and COO | Option exercise | 2,372 | $0 |
| Mar 31, 2026 | Simpson Shelley President and CEO | Tax withheld | 1,754 | $371.7K |
| Mar 31, 2026 | Scott Stuart Lockard EVP/CIO | Option exercise | 1,878 | $0 |
| Mar 31, 2026 | Simpson Shelley President and CEO | Option exercise | 3,954 | $0 |
| Mar 31, 2026 | ROBERTS JOHN N Chairman of the Board | Tax withheld | 172 | $36.4K |
| Mar 31, 2026 | Webb Brian EVP- Final Mile Services | Option exercise | 519 | $0 |
| Mar 31, 2026 | Webb Brian EVP- Final Mile Services | Option exercise | 1,338 | $0 |
| Mar 31, 2026 | ROBERTS JOHN N Chairman of the Board | Option exercise | 7,316 | $0 |
| Mar 31, 2026 | Keefauver David EVP of People | Tax withheld | 193 | $40.9K |
| Mar 31, 2026 | Hicks Bradley W. President of DCS | Tax withheld | 943 | $199.8K |
| Mar 31, 2026 | Keefauver David EVP of People | Option exercise | 420 | $0 |
| Mar 31, 2026 | Frazier Spencer EVP of Sales and Marketing | Option exercise | 420 | $0 |
| Mar 31, 2026 | Webb Brian EVP- Final Mile Services | Tax withheld | 918 | $194.5K |
| Feb 27, 2026 | BOATTINI JENNIFER SR VP Legal/General Counsel | Sale | 2,238 | $519.2K |
| Feb 18, 2026 | Hobbs Nicholas EVP and COO | Gift | 1,106 | $0 |
| Feb 13, 2026 | Hobbs Nicholas EVP and COO | Gift | 447 | $0 |
| Feb 11, 2026 | Hobbs Nicholas EVP and COO | Gift | 447 | $0 |
| Feb 11, 2026 | THOMPSON JAMES K Director | Sale | 2,300 | $530.7K |
| Feb 10, 2026 | THOMPSON JAMES K Director | Gift | 400 | $0 |
| Feb 6, 2026 | Delco Albert Brad EVP & CFO | Sale | 1,000 | $227.3K |
| Feb 4, 2026 | Woodruff Ronald Greer EVP Safety, ESG, Maintenance | Sale | 331 | $74.7K |
| Feb 4, 2026 | Kuhlow John Chief Accounting Officer | Sale | 1,000 | $225.7K |
| Feb 4, 2026 | Hicks Bradley W. President of DCS | Sale | 4,028 | $906.8K |
| Feb 3, 2026 | Field Darren P. EVP and President Intermodal | Sale | 9,000 | $1.98M |
| Jan 31, 2026 | Hicks Bradley W. President of DCS | Option exercise | 2,490 | $0 |
| Jan 31, 2026 | Hicks Bradley W. President of DCS | Tax withheld | 1,080 | $218.9K |
| Jan 31, 2026 | Hicks Bradley W. President of DCS | Option exercise | 2,047 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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