Sep 2026 (Q3 FY26) — Oct 22, 2026
Ryder Q3 FY26 — Strong EPS Growth and Improving Market Conditions Drive Outperformance
Read the full callRyder earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,433 | +8.3% YoY | Quarterly, as filed | Quarter to Sep 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Sep 2026 | Not in the filed figures for the quarter to sep 2026. No older figure is substituted. | ||
| Net profit | 162 | +17.4% YoY | Quarterly, as filed | Quarter to Sep 2026 | Profit after tax as filed. |
Guidance
20 of 21 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Second-quarter comparable EPS | $3.50 to $3.75 | Mar 2026 | Comparable earnings per share from continuing operations were $3.73 in the second quarter, up 12% from prior year | Achieved |
| Full-year comparable EPS | $13.45 to $14.45 | Dec 2025 | We've raised our full year 2026 comparable EPS forecast by increasing the low end of the range to $14.40 from $14.05 while maintaining the high end at $14.80. | Revised Up |
| Annual pretax earnings benefit expected by next freight cycle peak | approximately $200 million | Sep 2024 | By the next cycle peak, we estimate this potential benefit could be $250 million with the majority expected to come from the cyclical recovery of rental and used vehicle sales in Fleet Management | On Track |
1 of RYDER SYSTEM INC's 38 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 35 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $182.81 on 22 Oct 2025 → $270.9. High $280.34 (11 Jun 2026), low $160.2 (23 Oct 2025).
Overview
Guidance
20 of 21 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Second-quarter comparable EPS | $3.50 to $3.75 | Mar 2026 | Comparable earnings per share from continuing operations were $3.73 in the second quarter, up 12% from prior year | Achieved |
| Full-year comparable EPS | $13.45 to $14.45 | Dec 2025 | We've raised our full year 2026 comparable EPS forecast by increasing the low end of the range to $14.40 from $14.05 while maintaining the high end at $14.80. | Revised Up |
| Annual pretax earnings benefit expected by next freight cycle peak | approximately $200 million | Sep 2024 | By the next cycle peak, we estimate this potential benefit could be $250 million with the majority expected to come from the cyclical recovery of rental and used vehicle sales in Fleet Management | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 38 tracked commitments, with each call’s wording and source.
Call summaries
Ryder Q3 FY26 — Strong EPS Growth and Improving Market Conditions Drive Outperformance
Read the full callRyder System Q2 FY26 — Strong Comparable EPS Growth Driven by Strategic Execution and Improving Used Vehicle Market
Read the full callRyder System Q1 FY26 — Strong Q1 Results Driven by Used Vehicle Sales and Contractual Performance
Read the full callEvery analysed call
Financials
Net profit, year on year: +17% (quarter to sep 2026 against sep 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,188 | 3,131 | 3,189 | 3,171 | 3,174 | 3,126 | 3,347 | 3,433 |
| Interest | 100 | 100 | 102 | 102 | 100 | 97 | 97 | 96 |
| Profit before tax | 181 | 134 | 184 | 190 | 177 | 118 | 185 | 226 |
| Tax rate | 25.4% | 26.9% | 28.3% | 26.8% | 25.4% | 21.2% | 28.1% | 28.3% |
| Net profit | 135 | 98 | 131 | 138 | 132 | 93 | 133 | 162 |
| EPS ($ per share) | — | 2.32 | 3.18 | 3.38 | — | 2.36 | 3.43 | 4.21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 27 | 27 | 27 | 27 | 23 | 22 | 21 | 20 |
| Reserves | 2,337 | 2,178 | 1,913 | 2,266 | 2,518 | 2,554 | 2,644 | 2,569 |
| Total liabilities | 10,811 | 11,999 | 10,676 | 11,037 | 11,458 | 12,709 | 13,555 | 13,335 |
| Fixed assets | 862 | 918 | 927 | 985 | 1,148 | 1,217 | 1,184 | 1,268 |
| Total assets | 13,348 | 14,475 | 12,932 | 13,835 | 14,395 | 15,778 | 16,672 | 16,387 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,718 | 2,141 | 2,181 | 2,175 | 2,310 | 2,353 | 2,265 | 2,594 |
| Cash from investing | -2,821 | -3,217 | -601 | -1,450 | -1,850 | -2,663 | -2,446 | -1,650 |
| Cash from financing | 1,086 | 1,084 | -1,507 | -204 | -861 | 256 | 153 | -912 |
| Net cash flow | -15 | 5 | 77 | 521 | -405 | -63 | -50 | 44 |
| Capital expenditure | -3,050 | -3,735 | -1,146 | -1,941 | -2,631 | -3,234 | -2,683 | -2,135 |
| Free cash flow | -1,332 | -1,595 | 1,035 | 234 | -321 | -881 | -418 | 459 |
| Segment | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Fleet Management Solutions | 47% | 46% | 46% | 46% | 46% | 47% | 47% | 47% | +10.3% |
| Supply Chain Solutions | 42% | 43% | 43% | 44% | 44% | 44% | 44% | 44% | +9.0% |
| Dedicated Transportation Solutions | 19% | 19% | 19% | 18% | 18% | 18% | 18% | 18% | +6.3% |
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
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Used vehicles sold | 4,600During the quarter, we sold 4,600 used vehicles, up 1,000 units sequentially and down versus the prior year.Source: earnings call transcript | 5,100During the quarter, we sold 5,100 used vehicles up 500 units sequentially and down 1,100 units versus prior year, largely reflecting the prior year's elevated wholesaling activity.Source: earnings call transcript | 5,100During the quarter, we sold 5,100 used vehicles in line with prior quarter and up 200 units year-over-year.Source: earnings call transcript | 0% |
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.
Q3 FY2026 · share of revenue
As R cuts its regions in its filings; they can nest, so they need not add to 100%.
136 filings between Dec 11, 2025 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$41.20M
37 sales by 11 insiders
Also filed: 2 gifts, 1 code i.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| SANCHEZ ROBERT E | — | $9.33M | Feb 24, 2026 |
| SMITH E FOLLIN | — | $6.69M | Feb 13, 2026 |
| Sensing John S. | — | $6.64M | Feb 19, 2026 |
| Fatovic Robert D | — | $6.01M | May 29, 2026 |
| Ravindran Rajeev | — | $3.64M | Feb 19, 2026 |
| HAVENS THOMAS M. | — | $2.79M | Feb 18, 2026 |
| HODES SANFORD J. | — | $2.36M | May 28, 2026 |
| Diez John J. | — | $2.14M | Feb 25, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | SWOBODA CHARLES M Director | Award | 124 | $0 |
| Aug 28, 2026 | Fatovic Robert D EVP, CLO & Corp. Secretary | Gift | 403 | $0 |
| Aug 17, 2026 | Fatovic Robert D EVP, CLO & Corp. Secretary | Code I | 6,344 | $1.68M |
| Jul 1, 2026 | SWOBODA CHARLES M Director | Award | 108 | $0 |
| May 29, 2026 | Fatovic Robert D EVP, CLO & Corp. Secretary | Sale | 5,000 | $1.25M |
| May 28, 2026 | HODES SANFORD J. SVP, C Procur Of, Corp Dev Of | Sale | 595 | $149.9K |
| May 27, 2026 | HODES SANFORD J. SVP, C Procur Of, Corp Dev Of | Gift | 411 | $0 |
| May 4, 2026 | Nieto Luis P Jr Director | Sale | 720 | $169.8K |
| May 1, 2026 | SWOBODA CHARLES M Director | Award | 191 | $0 |
| May 1, 2026 | STOCKTON DMITRI L Director | Award | 549 | $0 |
| May 1, 2026 | HAGEMANN ROBERT Director | Award | 720 | $0 |
| May 1, 2026 | Hilton Michael F Director | Award | 720 | $0 |
| May 1, 2026 | Lundgren Tamara L. Director | Award | 720 | $0 |
| May 1, 2026 | Lundgren Tamara L. Director | Award | 304 | $0 |
| May 1, 2026 | Eck Robert J. Director | Award | 720 | $0 |
| May 1, 2026 | NORD DAVID G Director | Award | 796 | $0 |
| May 1, 2026 | Romo Tammy Director | Award | 712 | $0 |
| May 1, 2026 | Nieto Luis P Jr Director | Award | 749 | $0 |
| May 1, 2026 | Nieto Luis P Jr Director | Award | 720 | $0 |
| May 1, 2026 | SMITH ABBIE J Director | Award | 1,211 | $0 |
| May 1, 2026 | STOCKTON DMITRI L Director | Award | 720 | $0 |
| May 1, 2026 | Eck Robert J. Director | Award | 895 | $0 |
| May 1, 2026 | Hilton Michael F Director | Award | 827 | $0 |
| May 1, 2026 | NORD DAVID G Director | Award | 720 | $0 |
| May 1, 2026 | HAGEMANN ROBERT Director | Award | 677 | $0 |
| May 1, 2026 | SWOBODA CHARLES M Director | Award | 720 | $0 |
| Apr 1, 2026 | SWOBODA CHARLES M Director | Award | 138 | $0 |
| Feb 25, 2026 | Diez John J. President and COO | Option exercise | 24,190 | $1.85M |
| Feb 25, 2026 | Diez John J. President and COO | Sale | 9,632 | $2.14M |
| Feb 25, 2026 | Diez John J. President and COO | Tax withheld | 14,558 | $3.24M |
| Feb 24, 2026 | SANCHEZ ROBERT E Chair and CEO | Sale | 262 | $59.0K |
| Feb 24, 2026 | SANCHEZ ROBERT E Chair and CEO | Sale | 676 | $151.3K |
| Feb 24, 2026 | SANCHEZ ROBERT E Chair and CEO | Sale | 40,841 | $9.12M |
| Feb 24, 2026 | SANCHEZ ROBERT E Chair and CEO | Tax withheld | 62,611 | $14.08M |
| Feb 24, 2026 | SANCHEZ ROBERT E Chair and CEO | Option exercise | 104,390 | $7.98M |
| Feb 20, 2026 | Fatovic Robert D EVP, CLO & Corp. Secretary | Sale | 11,640 | $2.59M |
| Feb 20, 2026 | Fatovic Robert D EVP, CLO & Corp. Secretary | Option exercise | 11,640 | $890.3K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 365 | $81.2K |
| Feb 19, 2026 | Ravindran Rajeev EVP & CIO | Sale | 2,296 | $508.2K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 422 | $93.9K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 1,721 | $382.1K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 6,504 | $1.44M |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 9,410 | $2.07M |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 5,965 | $1.31M |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 1,600 | $355.3K |
| Feb 19, 2026 | Ravindran Rajeev EVP & CIO | Sale | 400 | $89.2K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Sale | 4,123 | $909.7K |
| Feb 19, 2026 | Sensing John S. President, Global SCS & DTS | Option exercise | 12,110 | $926.3K |
| Feb 18, 2026 | HAVENS THOMAS M. President, Global FMS | Sale | 5,885 | $1.31M |
| Feb 18, 2026 | HAVENS THOMAS M. President, Global FMS | Sale | 6,686 | $1.48M |
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.
Your own record
Free account. Everything above stays public.
Write why you follow RYDER SYSTEM INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading