Jun 2026 (Q2 FY26) — Jul 29, 2026
Old Dominion Freight Line Q2 FY26 — Strong Revenue Growth and Operating Ratio Improvement
Read the full callOld Dominion Freight Line (ODFL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Old Dominion Freight Line earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 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 | 1,554 | +10.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 29.9 | +4.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 351 | +30.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
20 of 20 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective tax rate | 25.0% | Mar 2026 | Our effective tax rate for the second quarter of 2026 was 25.0%, as compared to 24.8% in the second quarter of 2025. | Achieved |
| Capital expenditures | $265 million | Mar 2026 | we increased our 2026 capital expenditure plan and now expect aggregate capital expenditures to total approximately $380 million this year. The $115 million increase from our original plan includes an additional $60 million for tractors and trailers and an additional $55 million for real estate and [ sourcing center ] expansion projects. | Revised Down |
| Effective tax rate | 25.0% | Jun 2026 | We currently expect our effective tax rate to be 25.0% for the third quarter of 2026. | New |
11 of OLD DOMINION FREIGHT LINE, INC.'s 31 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 28 more targets are in the full ledger.
Claimed
- Revenue increased 10.4% to $1.55 billion in Q2 FY26.
- Operating ratio improved 450 basis points to 70.1% in Q2 FY26.
- Earnings per diluted share increased 32.3% to $1.68, matching a company record.
- LTL revenue per hundredweight increased 15.2%, with ex-fuel growth of 5.5%.
- Achieved 99% on-time service and a claims ratio of 0.1%.
Qualified
- LTL tons per day decreased 4.1% year-over-year in Q2 FY26.
- July's LTL revenue per hundredweight, excluding fuel surcharges, is tracking below Q2 growth rate of 5.5% due to freight mix changes.
- Operating supplies and expenses increased due to higher diesel fuel and petroleum-based product costs.
Price
$186.85 −0.46% · −$0.87
Performance +35.4% 1Y
1Y: $138.04 on 17 Oct 2025 → $186.85. High $248.73 (9 Jun 2026), low $126.29 (20 Nov 2025).
- Previous close
- $187.72
- 52-week range
- $126.29 – $248.73
- One year
- +32.79%
Overview
- Symbol
- ODFL
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
20 of 20 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Effective tax rate | 25.0% | Mar 2026 | Our effective tax rate for the second quarter of 2026 was 25.0%, as compared to 24.8% in the second quarter of 2025. | Achieved |
| Capital expenditures | $265 million | Mar 2026 | we increased our 2026 capital expenditure plan and now expect aggregate capital expenditures to total approximately $380 million this year. The $115 million increase from our original plan includes an additional $60 million for tractors and trailers and an additional $55 million for real estate and [ sourcing center ] expansion projects. | Revised Down |
| Effective tax rate | 25.0% | Jun 2026 | We currently expect our effective tax rate to be 25.0% for the third quarter of 2026. | New |
Claimed
- Revenue increased 10.4% to $1.55 billion in Q2 FY26.
- Operating ratio improved 450 basis points to 70.1% in Q2 FY26.
- Earnings per diluted share increased 32.3% to $1.68, matching a company record.
- LTL revenue per hundredweight increased 15.2%, with ex-fuel growth of 5.5%.
- Achieved 99% on-time service and a claims ratio of 0.1%.
Qualified
- LTL tons per day decreased 4.1% year-over-year in Q2 FY26.
- July's LTL revenue per hundredweight, excluding fuel surcharges, is tracking below Q2 growth rate of 5.5% due to freight mix changes.
- Operating supplies and expenses increased due to higher diesel fuel and petroleum-based product costs.
The full ledger
Open OLD DOMINION FREIGHT LINE, INC.’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Old Dominion Freight Line Q1 FY26 — Strong Sequential Volume Growth and Market Share Gains
Read the full callDec 2025 (Q4 FY25) — Feb 4, 2026
Old Dominion Freight Line, Inc. Q4 FY25 — Solid Results Amidst Challenging Environment, Cautiously Optimistic for 2026 Recovery
Read the full callEvery analysed call
Old Dominion Freight Line earnings calls (ODFL)
Financials
What the filings say
Net profit, year on year: +31% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,470 | 1,386 | 1,375 | 1,408 | 1,407 | 1,307 | 1,335 | 1,554 |
| Expenses | 1,068 | 1,052 | 1,037 | 1,050 | 1,046 | 1,003 | 1,017 | 1,089 |
| Operating profit | 402 | 334 | 338 | 358 | 361 | 304 | 317 | 465 |
| Operating margin | 27.3% | 24.1% | 24.6% | 25.4% | 25.7% | 23.3% | 23.8% | 29.9% |
| Other income | 1 | 1 | 1 | -1 | -1 | 1 | 0 | 2 |
| Profit before tax | 403 | 335 | 339 | 357 | 360 | 305 | 318 | 467 |
| Tax rate | 23.4% | 21.5% | 24.8% | 24.8% | 24.8% | 24.8% | 25.0% | 25.0% |
| Net profit | 309 | 263 | 255 | 269 | 271 | 229 | 238 | 351 |
| EPS ($ per share) | 1.44 | — | 1.20 | 1.27 | 1.29 | — | 1.14 | 1.69 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 2,530 | 2,850 | 3,088 | 3,494 | 3,397 | 4,005 | 3,995 | 4,056 |
| Total liabilities | 865 | 915 | 1,043 | 1,142 | 1,186 | 1,255 | 1,247 | 1,159 |
| Fixed assets | 2,755 | 2,969 | 2,914 | 3,216 | 3,687 | 4,095 | 4,505 | 4,504 |
| Investments | — | — | 330 | 254 | 49 | 0 | 0 | 0 |
| Total assets | 3,545 | 3,996 | 4,369 | 4,822 | 4,839 | 5,512 | 5,491 | 5,470 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 900 | 984 | 933 | 1,213 | 1,692 | 1,569 | 1,659 | 1,370 |
| Cash from investing | -580 | -474 | -552 | -455 | -547 | -660 | -751 | -366 |
| Cash from financing | -257 | -297 | -384 | -696 | -1,420 | -662 | -1,233 | -992 |
| Net cash flow | 63 | 213 | -2 | 61 | -276 | 247 | -325 | 11 |
| Capital expenditure | -588 | -479 | -225 | -550 | -775 | -757 | -771 | -415 |
| Free cash flow | 312 | 505 | 708 | 663 | 916 | 812 | 888 | 955 |
ODFL revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| LTL Service Revenue | 99% | 99% | 99% | 99% | 99% | 99% | 99% | 99% | +10.3% |
| Other Service Revenue | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | +19.5% |
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
ODFL operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| On-time service | 99%I'm proud to report that, once again, the case in the fourth quarter as we provided our customers with 99% on-time service and a cargo claims ratio below 0.1%.Source: earnings call transcript | 99%We are pleased to once again provide 99% on-time service performance and a cargo claims ratio below 0.1%.Source: earnings call transcript | 99%Importantly, we have done this while maintaining the highest standard of service for our customers, and I'm pleased to report that once again provided our customers with 99% on-time service and a cargo claims ratio of 0.1% during the third quarter.Source: earnings call transcript | 99%We are pleased to once again provide 99% on-time service in the fourth quarter and a cargo claims ratio of 0.1%.Source: earnings call transcript | 99%As a result, we were pleased to once again deliver 99% on-time service and a claims ratio below 0.1% in the first quarter.Source: earnings call transcript | 99%That was the case again in the second quarter when we provided our customers with 99% on-time service and a claims ratio of 0.1%.Source: earnings call transcript | 0 pt |
| Cargo claims ratio | <0.1%I'm proud to report that, once again, the case in the fourth quarter as we provided our customers with 99% on-time service and a cargo claims ratio below 0.1%.Source: earnings call transcript | — | 0.1%Importantly, we have done this while maintaining the highest standard of service for our customers, and I'm pleased to report that once again provided our customers with 99% on-time service and a cargo claims ratio of 0.1% during the third quarter.Source: earnings call transcript | 0.1%We are pleased to once again provide 99% on-time service in the fourth quarter and a cargo claims ratio of 0.1%.Source: earnings call transcript | — | 0.1%That was the case again in the second quarter when we provided our customers with 99% on-time service and a claims ratio of 0.1%.Source: earnings call transcript | — |
| Service centers | 261We're at 261 service centers today.Source: earnings call transcript | — | 261And we can continue to manage our variable costs as much of a fixed cost business that we run with a network of 261 service centers, probably 2/3 or more of our costs are variable in nature.Source: earnings call transcript | — | — | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
76 filings between Nov 1, 2025 and Sep 22, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$26.21M
12 sales by 6 insiders
Compensation
not trading decisions- 20
- Award — granted as compensation
- 6
- Option exercise — converted options into shares
- 27
- Tax withheld — shares kept back by the company to cover tax
Also filed: 10 gifts, 1 code i.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| CONGDON DAVID S | — | $10.13M | Feb 19, 2026 |
| Gantt Greg C | — | $6.60M | May 4, 2026 |
| CONGDON EARL E | — | $4.90M | Feb 26, 2026 |
| Overbey Cecil E. Jr. | — | $3.96M | Aug 25, 2026 |
| Gabosch Bradley R | — | $608.8K | Feb 18, 2026 |
| Kelley Christopher James | — | $16.0K | Feb 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 22, 2026 | JACKMAN WORTHING Director | Award | 545 | $0 |
| Aug 25, 2026 | Overbey Cecil E. Jr. SVP - Strategic Development | Sale | 19,952 | $3.96M |
| May 27, 2026 | CONGDON DAVID S Executive Chairman | Gift | 295,670 | $0 |
| May 20, 2026 | Davis Andrew Stephen Director | Award | 859 | $0 |
| May 20, 2026 | Smith Albert Randolph II Director | Award | 859 | $0 |
| May 20, 2026 | Kasarda John D. Director | Award | 859 | $0 |
| May 20, 2026 | Aaholm Sherry A Director | Award | 859 | $0 |
| May 20, 2026 | Stallings Wendy T. Director | Award | 859 | $0 |
| May 20, 2026 | Gabosch Bradley R Director | Award | 859 | $0 |
| May 20, 2026 | CONGDON JOHN R JR Director | Award | 859 | $0 |
| May 20, 2026 | Gantt Greg C Director | Award | 859 | $0 |
| May 20, 2026 | Stith Thomas A. III Director | Award | 859 | $0 |
| May 20, 2026 | MILLER CHERYL Director | Award | 859 | $0 |
| May 19, 2026 | CONGDON DAVID S Executive Chairman | Gift | 73,730 | $0 |
| May 18, 2026 | CONGDON EARL E Chair Emeritus & Sr. Advisor | Gift | 7,370 | $0 |
| May 4, 2026 | Gantt Greg C Director | Sale | 1,091 | $210.8K |
| May 4, 2026 | Gantt Greg C Director | Sale | 5,073 | $965.8K |
| May 4, 2026 | Gantt Greg C Director | Sale | 4,289 | $825.8K |
| May 4, 2026 | Gantt Greg C Director | Sale | 11,654 | $2.23M |
| Feb 26, 2026 | CONGDON EARL E Chair Emeritus & Sr. Advisor | Gift | 2,896 | $0 |
| Feb 26, 2026 | CONGDON EARL E Chair Emeritus & Sr. Advisor | Gift | 2,896 | $0 |
| Feb 26, 2026 | CONGDON EARL E Chair Emeritus & Sr. Advisor | Sale | 14,402 | $2.83M |
| Feb 26, 2026 | CONGDON EARL E Chair Emeritus & Sr. Advisor | Sale | 10,598 | $2.07M |
| Feb 25, 2026 | CONGDON DAVID S Executive Chairman | Gift | 1,274 | $0 |
| Feb 25, 2026 | CONGDON DAVID S Executive Chairman | Gift | 2,548 | $0 |
| Feb 23, 2026 | CONGDON DAVID S Executive Chairman | Gift | 30,415 | $0 |
| Feb 19, 2026 | CONGDON DAVID S Executive Chairman | Sale | 42,000 | $8.18M |
| Feb 19, 2026 | CONGDON DAVID S Executive Chairman | Sale | 10,000 | $1.95M |
| Feb 18, 2026 | Kelley Christopher James SVP - Operations | Sale | 80 | $16.0K |
| Feb 18, 2026 | Gabosch Bradley R Director | Sale | 3,134 | $608.8K |
| Feb 12, 2026 | CONGDON JOHN R JR Director | Gift | 396 | $0 |
| Feb 12, 2026 | Brinker Clayton G. VP - Accounting and Fin. (PAO) | Tax withheld | 52 | $9.6K |
| Feb 12, 2026 | Kelley Christopher James SVP - Operations | Tax withheld | 257 | $47.7K |
| Feb 12, 2026 | Hartsell Steven W. SVP - Sales | Tax withheld | 257 | $47.7K |
| Feb 12, 2026 | Brooks Christopher T SVP - Human Resources, Safety | Tax withheld | 257 | $47.7K |
| Feb 12, 2026 | Parr Ross H. SVP - Legal Affairs GC and Sec | Tax withheld | 262 | $48.6K |
| Feb 12, 2026 | Overbey Cecil E. Jr. SVP - Strategic Development | Tax withheld | 262 | $48.6K |
| Feb 12, 2026 | Plemmons Gregory B EVP and COO | Tax withheld | 501 | $92.9K |
| Feb 12, 2026 | Satterfield Adam N EVP and CFO | Tax withheld | 501 | $92.9K |
| Feb 12, 2026 | Freeman Kevin M. President and CEO | Tax withheld | 763 | $141.5K |
| Feb 11, 2026 | CONGDON JOHN R JR Director | Gift | 2,688 | $0 |
| Feb 11, 2026 | Freeman Kevin M. President and CEO | Award | 6,243 | $0 |
| Feb 11, 2026 | Hartsell Steven W. SVP - Sales | Award | 3,204 | $0 |
| Feb 11, 2026 | Brinker Clayton G. VP - Accounting and Fin. (PAO) | Award | 1,537 | $0 |
| Feb 11, 2026 | Kelley Christopher James SVP - Operations | Award | 3,204 | $0 |
| Feb 11, 2026 | Brooks Christopher T SVP - Human Resources, Safety | Award | 3,204 | $0 |
| Feb 11, 2026 | Parr Ross H. SVP - Legal Affairs GC and Sec | Award | 3,272 | $0 |
| Feb 11, 2026 | Overbey Cecil E. Jr. SVP - Strategic Development | Award | 3,272 | $0 |
| Feb 11, 2026 | Plemmons Gregory B EVP and COO | Award | 4,098 | $0 |
| Feb 11, 2026 | Satterfield Adam N EVP and CFO | Award | 4,098 | $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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