J.B. Hunt (JBHT) Q1 2026 EPS jumps 27% on higher margins

Rhea-AI Filing Summary

J.B. Hunt Transport Services, Inc. reported stronger first quarter 2026 results, with revenue rising to $3.06 billion, up 5% from the prior year, and operating income increasing 16% to $207.0 million.

Net earnings were $141.6 million, or $1.49 diluted EPS, compared with $117.7 million, or $1.17 per share in first quarter 2025, a 27% EPS gain as margins improved.

Intermodal remained the largest segment with $1.50 billion revenue, up 2%, and operating income up 21%. Dedicated revenue rose 2% with operating income up 9%, while Truckload revenue grew 23% and operating income rose 33%. Final Mile revenue declined 6% but operating income increased 53%. Integrated Capacity Solutions revenue grew 20% but posted a larger operating loss.

The company reduced total debt outstanding to $1.30 billion at March 31, 2026, down from $1.47 billion at year-end 2025, and repurchased about 383,000 shares for roughly $80 million.

Positive

• Strong earnings and margin expansion: Q1 2026 revenue grew 5% to $3.06 billion while operating income rose 16% to $207.0 million and diluted EPS increased 27% to $1.49, indicating broad-based profitability improvement.

Negative

• Weaker brokerage profitability: Integrated Capacity Solutions revenue grew 20% to $323 million but its operating loss widened to $4.7 million and gross profit margin fell from 15.3% to 12.0%, reflecting pressure from higher purchased transportation costs.

Insights

Equity research analyst

Q1 2026 shows margin-driven earnings strength with mixed segment trends.

J.B. Hunt delivered first quarter 2026 revenue of $3.06 billion, up 5%, while operating income rose 16% to $207.0 million. Net earnings increased to $141.6 million and diluted EPS climbed 27% to $1.49, highlighting meaningful margin expansion.

Intermodal, Dedicated, and Truckload all showed revenue growth and double‑digit operating income gains, reflecting productivity improvements and structural cost reduction efforts. Final Mile improved profitability despite lower revenue, suggesting successful pruning of underperforming business and better revenue quality.

ICS remains the key drag: revenue rose 20% to $323 million, but operating loss widened to $4.7 million as purchased transportation costs pressured gross profit margin from 15.3% to 12.0%. Cash generation stayed solid with $353.0 million from operating activities and lower net capital expenditures of $70.7 million. Subsequent filings may provide more detail on how management addresses ICS profitability and capital allocation across segments.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total operating revenue: $3.06 billion Operating income: $207.0 million Net earnings: $141.6 million +5 more

8 metrics

Total operating revenue $3.06 billion Q1 2026, up 5% vs Q1 2025

Operating income $207.0 million Q1 2026, up 16% vs Q1 2025

Net earnings $141.6 million Q1 2026 vs $117.7 million in Q1 2025

Diluted EPS $1.49 per share Q1 2026 vs $1.17 in Q1 2025

Intermodal segment revenue $1.50 billion Q1 2026, 49% of total revenue

ICS operating loss $4.7 million Q1 2026 vs $2.7 million loss in Q1 2025

Net capital expenditures $70.7 million Q1 2026 vs $225.0 million in Q1 2025

Debt outstanding $1.30 billion Total debt at March 31, 2026

Key Terms

Intermodal, Dedicated Contract Services, Integrated Capacity Solutions, Gross profit margin, +2 more

6 terms

Intermodal financial

"Intermodal volume increased 3% over the same period in 2025."

Intermodal is the movement of freight using two or more types of transportation—for example truck, rail and ship—while the cargo stays in the same container as it changes modes. Investors watch intermodal capacity and costs because it can lower shipping expenses, speed delivery, reduce damage and emissions, and increase supply‑chain reliability, all of which affect a company's margins and competitiveness—like a well‑timed relay handoff.

Dedicated Contract Services financial

"DCS revenue increased 2% during the current quarter over the same period 2025, driven by a 2% increase in productivity."

Integrated Capacity Solutions financial

"ICS revenue increased 20% during the current quarter versus the first quarter 2025."

Gross profit margin financial

"Gross profit margins decreased to 12.0% compared to 15.3% in the prior year period."

Gross profit margin shows how much money a company keeps from sales after paying for the goods or services it sold. It’s like checking how much profit is left over from each dollar earned before covering other costs. A higher margin indicates the company makes more money from its sales, which helps assess its profitability and efficiency.

Net capital expenditures financial

"Our net capital expenditures for the first quarter 2026 approximated $70.7 million compared to $225.0 million for the first quarter 2025."

Net capital expenditures are the cash a business spends on buying, improving or replacing long-lasting assets (like factories, equipment or buildings) minus any cash it receives from selling similar assets. Think of it as the money a homeowner puts into new appliances and roof repairs after selling an old car — it shows how much a company is investing to maintain or grow its ability to produce future revenue. Investors watch this number because it directly reduces available cash, signals growth or maintenance needs, and helps assess future profitability and the company’s capital intensity.

Book value per actual share financial

"Book value per actual share outstanding at end of period $ 38.12."

Earnings Snapshot

Revenue: $3.06 billion · Guidance included

Q1 2026

Revenue $3.06 billion +5% YoY

Operating income $207.0 million +16% YoY

Net earnings $141.6 million +20% YoY

Diluted EPS $1.49 +27% YoY

Guidance

The company expects its 2026 annual effective income tax rate to be between 24.0% and 25.0%.

Understanding 8-K Material Events →

false 0000728535 0000728535 2026-04-15 2026-04-15

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 15, 2026

J.B. HUNT TRANSPORT SERVICES, INC.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Arkansas	0-11757	71-0335111
(State or other Jurisdiction of Incorporation or Organization	Commission File Number	(IRS Employer Identification No.)
615 J.B. Hunt Corporate Drive Lowell, Arkansas	72745	(479) 820-0000
(Address of Principal Executive Offices)	(Zip Code)	(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	JBHT	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 15,2026, we issued a news release announcing our revenues and earnings for the first quarter ended March 31, 2026. A copy of the news release is attached as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

99.1 News release dated April 15, 2026, issued by J.B. Hunt Transport Services, Inc.

104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on the 15^th day of April 2026.

	J.B. HUNT TRANSPORT SERVICES, INC.
	BY:	/s/ Shelley Simpson
		Shelley Simpson
		President and Chief Executive Officer
		(Principal Executive Officer)
	BY:	/s/ A. Brad Delco
		Chief Financial Officer,
		Executive Vice President
		(Principal Financial Officer)

Exhibit 99.1

J.B. Hunt Transport Services, Inc.	Contact: Andrew Hall
615 J.B. Hunt Corporate Drive	Senior Director – Finance
Lowell, Arkansas 72745	(479) 820-0000
(NASDAQ: JBHT)

FOR IMMEDIATE RELEASE

J.B. HUNT TRANSPORT SERVICES, INC. REPORTS U.S. GAAP REVENUES, NET EARNINGS AND

EARNINGS PER SHARE FOR THE FIRST QUARTER 2026

	■	First Quarter 2026 Revenue:	$3.06 billion; up 5%
	■	First Quarter 2026 Operating Income:	$207.0 million; up 16%
	■	First Quarter 2026 EPS:	$1.49 vs. $1.17; up 27%

LOWELL, Ark., April 15, 2026 - J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced first quarter 2026 U.S. GAAP (United States Generally Accepted Accounting Principles) net earnings of $141.6 million, or diluted earnings per share of $1.49 versus first quarter 2025 net earnings of $117.7 million, or $1.17 per diluted share.

“I’m thankful for our team and their unwavering focus on operational excellence, even as we navigated challenging winter weather and elevated demand across the business,” said Shelley Simpson, president and CEO. “We began the year with strong financial results, building on the momentum we established in 2025 and once again executed well in safety performance by setting a first‑quarter record. While the operating environment remains dynamic, we continue to leverage our investments in our People, Technology, and Capacity, positioning the company to drive long‑term value for our shareholders.”

Total operating revenue for the current quarter was $3.06 billion compared with $2.92 billion for the first quarter 2025, an increase of 5%. Current quarter total operating revenue, excluding fuel surcharge revenue, increased 3% versus the first quarter 2025. The increase in revenue, excluding fuel surcharge revenue was primarily driven by increased load volumes in Intermodal (JBI), Truckload (JBT) and Integrated Capacity Solutions (ICS), higher revenue per load in ICS and JBT, and increased productivity in Dedicated Contract Services® (DCS®), partially offset by a 2% decline in revenue per load in JBI.

Operating income for the current quarter increased 16% to $207.0 million versus $178.7 million for the first quarter 2025. The increase in operating income was primarily driven by higher revenue, execution on our initiative to eliminate structural cost and improved productivity across the organization, partially offset by higher purchase transportation expense, particularly in our ICS and JBT segments. Consolidated operating income as a percentage of gross revenue increased year-over-year as a result of the aforementioned items and lower equipment-related costs, partially offset by higher fuel expense as a percentage of gross revenue.

Net interest expense for the current quarter decreased approximately 4% from first quarter 2025 primarily due to a lower average consolidated debt balance and lower average interest rate.

The effective income tax rate decreased to 25.2% in the current quarter compared to 26.5% in the first quarter 2025, due to discrete tax items. We continue to expect our 2026 annual tax rate to be between 24.0% and 25.0%.

Segment Information:

Intermodal (JBI)

■	First Quarter 2026 Segment Revenue:	$1.50 billion; up 2%
■	First Quarter 2026 Operating Income:	$114.5 million; up 21%

Intermodal volume increased 3% over the same period in 2025. Transcontinental network loads were flat, while eastern network loads increased 7% compared to the first quarter 2025. Overall demand for our domestic intermodal service offering in the quarter remained strong, delivering the highest first quarter volume in our company’s history and a record volume week in March. We saw notable strength in our eastern network as service execution and our value proposition continues to drive growth and mode conversion. Segment gross revenue increased 2% for the current quarter versus the prior-year period primarily driven by the 3% increase in loads with flat gross revenue per load due to changes in fuel surcharge revenue, the mix of freight and customer rates. Revenue per load excluding fuel surcharge revenue was down 2% year-over-year.

Operating income increased 21% from the prior-year period primarily from improved network efficiency related to strong volume growth, productivity improvements in our drayage network and continued execution on the initiative to lower our cost to serve. During the first quarter, a more efficient network resulted in fewer empty container moves and lower container storage expense compared to the prior year. These were partially offset by network disruptions from severe winter weather and higher insurance premium and claims expense.

Dedicated Contract Services (DCS)

■	First Quarter 2026 Segment Revenue:	$841 million; up 2%
■	First Quarter 2026 Operating Income:	$87.4 million; up 9%

DCS revenue increased 2% during the current quarter over the same period 2025, driven by a 2% increase in productivity (gross revenue per truck per week) as average trucks were approximately flat versus the prior-year period. Productivity excluding fuel surcharge revenue increased 1% driven by contracted indexed-based price escalators. On a net basis, there were 19 fewer revenue producing trucks in the fleet by the end of the quarter compared to the prior-year period, and 34 fewer versus the end of the fourth quarter 2025. Customer retention rates have improved to approximately 96%.

Operating income increased 9% from the prior-year period. The increase was primarily driven by the higher revenue and lower equipment-related expenses, continued execution on the initiative to lower our cost to serve and the maturing of new business onboarded over the trailing twelve months. These were partially offset by higher personnel-related expense and higher insurance premium expense.

Integrated Capacity Solutions (ICS)

■	First Quarter 2026 Segment Revenue:	$323 million; up 20%
■	First Quarter 2026 Operating Loss:	$(4.7) million; vs. $(2.7) million in Q1’25

ICS revenue increased 20% during the current quarter versus the first quarter 2025. Overall segment volume increased 10% versus the prior year period with growth in both contractual and transactional volume. Revenue per load increased 9% compared to the first quarter 2025 due to higher rates on both contractual and transactional volume. Contractual volume represented approximately 67% of the total load volume and 66% of the total revenue in the current quarter compared to 65% and 63%, respectively, in first quarter 2025.

Operating loss was $4.7 million compared to an operating loss of $2.7 million for the first quarter 2025. Operating performance declined from the prior-year period largely due to higher purchased transportation expense as market capacity dynamics changed meaningfully versus the prior-year period. As a result, gross profit declined 6% versus the prior-year period as higher revenue per load was more than offset by higher purchased transportation cost. Gross profit margins decreased to 12.0% compared to 15.3% in the prior year period. Excluding purchased transportation expense, ICS operating expense decreased 1% compared to the prior-year period.

Final Mile Services (FMS)

■	First Quarter 2026 Segment Revenue:	$188 million; down 6%
■	First Quarter 2026 Operating Income:	$7.2 million; up 53%

FMS revenue decreased 6% compared to the same period 2025. The decrease was primarily driven by the impact of previously disclosed lost business as well as a stabilization of demand across many of the end markets served, but at lower levels than the prior year. The decline in revenue was modestly offset by improved revenue quality at underperforming accounts and new customer contracts implemented over the past year.

Operating income increased 53% to $7.2 million compared to the prior-year period. Operating income increased primarily from improved revenue quality, lower personnel-related expense and lower insurance claim expense.

Truckload (JBT)

■	First Quarter 2026 Segment Revenue:	$205 million; up 23%
■	First Quarter 2026 Operating Income:	$2.7 million; up 33%

JBT revenue increased 23% compared to the same period in the previous year. Revenue, excluding fuel surcharge revenue, also increased 23% primarily due to a 19% increase in load volume and a 3% increase in revenue per load excluding fuel surcharge revenue. Trailer turns in the quarter improved 15% from the prior-year period as a result of the continued focus on improving asset utilization with better network balance and velocity. Total average effective trailer count increased by approximately 420 units, or 3% versus the prior-year period.

JBT operating income increased 33% to $2.7 million compared to the first quarter 2025. The increase in operating income was primarily driven by a continued focus on cost management and productivity and a more balanced network. JBT segment operating income as a percentage of segment gross revenue improved versus the prior-year period primarily as a result of lower equipment-related expenses and lower personnel-related costs as a percentage of gross revenue. These were partially offset by significantly higher purchased transportation expense, which resulted in a 5% decline in gross profit.

Cash Flow and Capitalization:

At March 31, 2026, we had a total of $1.30 billion outstanding on various debt instruments compared to $1.47 billion at December 31, 2025.

Our net capital expenditures for the first quarter 2026 approximated $70.7 million compared to $225.0 million for the first quarter 2025. At March 31, 2026, we had cash and cash equivalents of $4.6 million.

In the first quarter 2026, we purchased approximately 383,000 shares of our common stock for approximately $80 million. At March 31, 2026, we had approximately $888 million remaining under our share repurchase authorization. Actual shares outstanding at March 31, 2026, approximated 94.3 million.

Conference Call Information:

The company will hold a conference call today from 4:00–5:00 p.m. CDT to discuss the quarterly earnings. Investors will have the opportunity to listen to the conference call live over the internet by going to investor.jbhunt.com. Please log on 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an online replay of the earnings call webcast will be available a few hours after the completion of the call.

Forward-Looking Statements:

This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2025. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.

About J.B. Hunt

J.B. Hunt’s vision is to create the most efficient transportation network in North America. The company’s industry-leading solutions and mode-neutral approach generate value for customers by eliminating waste, reducing costs and enhancing supply chain visibility. Powered by one of the largest company-owned fleets in the country and third-party capacity through its J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the unique shipping needs of any business, from first mile to final delivery, and every shipment in-between. Through disciplined investments in its people, technology and capacity, J.B. Hunt is delivering exceptional value and service that enable long-term growth for the company and its stakeholders.

J.B. Hunt Transport Services Inc. is an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company’s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

		Three Months Ended March 31
		2026								2025
						% Of								% Of
		Amount				Revenue				Amount				Revenue
Operating revenues, excluding fuel surcharge revenues		$	2,648,493							$	2,559,729
Fuel surcharge revenues			407,998								361,663
Total operating revenues			3,056,491				100.0	%			2,921,392				100.0	%
Operating expenses
Rents and purchased transportation			1,404,900				46.0	%			1,293,328				44.3	%
Salaries, wages and employee benefits			785,596				25.7	%			799,648				27.4	%
Depreciation and amortization			179,410				5.9	%			179,476				6.1	%
Fuel and fuel taxes			175,059				5.7	%			159,933				5.5	%
Operating supplies and expenses			125,261				4.1	%			123,452				4.2	%
Insurance and claims			87,750				2.9	%			85,017				2.9	%
General and administrative expenses, net of asset dispositions			61,853				1.9	%			72,971				2.5	%
Operating taxes and licenses			18,533				0.6	%			17,480				0.6	%
Communication and utilities			11,081				0.4	%			11,407				0.4	%
Total operating expenses			2,849,443				93.2	%			2,742,712				93.9	%
Operating income			207,048				6.8	%			178,680				6.1	%
Net interest expense			17,900				0.6	%			18,597				0.6	%
Earnings before income taxes			189,148				6.2	%			160,083				5.5	%
Income taxes			47,595				1.6	%			42,343				1.5	%
Net earnings		$	141,553				4.6	%		$	117,740				4.0	%
Average diluted shares outstanding			95,204								100,489
Diluted earnings per share		$	1.49							$	1.17

Financial Information By Segment 

(in thousands)

(unaudited)

		Three Months Ended March 31
		2026								2025
						% Of								% Of
		Amount				Total				Amount				Total
Revenue
Intermodal		$	1,504,793				49	%		$	1,469,253				50	%
Dedicated			840,556				27	%			822,292				28	%
Integrated Capacity Solutions			322,737				11	%			268,043				9	%
Final Mile Services			188,027				6	%			200,703				7	%
Truckload			205,384				7	%			166,629				6	%
Subtotal			3,061,497				100	%			2,926,920				100	%
Intersegment eliminations			(5,006	)			(0	%)			(5,528	)			(0	%)
Consolidated revenue		$	3,056,491				100	%		$	2,921,392				100	%
Operating income
Intermodal		$	114,489				55	%		$	94,387				53	%
Dedicated			87,396				42	%			80,273				45	%
Integrated Capacity Solutions			(4,651	)			(2	%)			(2,666	)			(2	%)
Final Mile Services			7,165				4	%			4,676				3	%
Truckload			2,717				1	%			2,040				1	%
Other (1)			(68	)			(0	%)			(30	)			(0	%)
Operating income		$	207,048				100	%		$	178,680				100	%

(1) Includes corporate support activity

Operating Statistics by Segment

(unaudited)

		Three Months Ended March 31
		2026				2025
Intermodal
Loads			536,852				521,821
Average length of haul			1,614				1,658
Revenue per load		$	2,803			$	2,816
Average tractors during the period *			6,184				6,430
Tractors (end of period) *			6,184				6,417
Trailing equipment (end of period)			124,188				124,971
Average effective trailing equipment usage			108,084				107,725
Dedicated
Loads			942,231				942,894
Average length of haul			172				180
Revenue per truck per week**		$	5,238			$	5,127
Average trucks during the period***			12,640				12,624
Trucks (end of period) ***			12,605				12,624
Trailing equipment (end of period)			32,608				32,363
Average effective trailing equipment usage			33,349				32,918
Integrated Capacity Solutions
Loads			151,819				137,744
Revenue per load		$	2,126			$	1,946
Gross profit margin			12.0	%			15.3	%
Employee count (end of period)			654				553
Final Mile Services
Stops			804,736				920,344
Average trucks during the period***			1,229				1,353
Truckload
Loads			113,421				95,143
Revenue per load		$	1,811			$	1,751
Average length of haul			595				621
Tractors (end of period)
Company-owned			-				-
Independent contractor			1,881				1,852
Total tractors			1,881				1,852
Trailers (end of period)			12,731				12,675
Average effective trailing equipment usage			12,515				12,096

* Includes company-owned and independent contractor tractors

** Using weighted workdays

*** Includes company-owned, independent contractor, and customer-owned trucks

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

		March 31, 2026				December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents		$	4,563			$	17,284
Accounts Receivable, net			1,327,455				1,160,371
Prepaid expenses and other			385,417				426,535
Total current assets			1,717,435				1,604,190
Property and equipment			9,330,847				9,348,370
Less accumulated depreciation			3,895,731				3,810,269
Net property and equipment			5,435,116				5,538,101
Other assets, net			777,989				784,864
		$	7,930,540			$	7,927,155
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt		$	-			$	699,859
Trade accounts payable			751,878				655,604
Claims accruals			322,618				310,339
Accrued payroll			127,369				110,388
Other accrued expenses			163,163				159,153
Total current liabilities			1,365,028				1,935,343
Long-term debt			1,302,838				766,938
Long-term claims accruals			480,696				444,479
Other long-term liabilities			298,895				307,005
Deferred income taxes			888,725				908,305
Stockholders' equity			3,594,358				3,565,085
		$	7,930,540			$	7,927,155

Supplemental Data

(unaudited)

		March 31, 2026				December 31, 2025
Actual shares outstanding at end of period (000)			94,299				94,595
Book value per actual share outstanding at end of period		$	38.12			$	37.69

		Three Months Ended March 31
		2026				2025
Net cash provided by operating activities (000)		$	353,038			$	404,192
Net capital expenditures (000)		$	70,731			$	225,050

FAQ

How did J.B. Hunt (JBHT) perform financially in Q1 2026?

J.B. Hunt reported Q1 2026 revenue of $3.06 billion, up 5% year over year. Net earnings were $141.6 million and diluted EPS rose to $1.49, a 27% increase, driven by higher volumes, cost efficiencies and improved operating margins.

Which J.B. Hunt segments drove growth in the first quarter 2026?

Growth was led by Intermodal, Dedicated, and Truckload. Intermodal revenue reached $1.50 billion with 21% higher operating income, Dedicated revenue rose 2% with 9% operating income growth, and Truckload revenue increased 23% with operating income up 33%.

How profitable was J.B. Hunt’s Intermodal segment in Q1 2026?

Intermodal generated $1.50 billion in revenue, up 2% from Q1 2025, with loads increasing 3%. Segment operating income grew 21% to $114.5 million, benefiting from improved network efficiency, better drayage productivity and lower container storage expense.

What challenges did the Integrated Capacity Solutions (ICS) segment face?

ICS revenue grew 20% to $323 million, but operating loss widened to $4.7 million. Higher purchased transportation costs outpaced rate gains, reducing gross profit by 6% and compressing gross profit margin from 15.3% to 12.0% versus Q1 2025.

Did J.B. Hunt repurchase stock during the first quarter 2026?

Yes. J.B. Hunt repurchased approximately 383,000 shares of its common stock for about $80 million in Q1 2026. At March 31, 2026, around $888 million remained available under the company’s existing share repurchase authorization.

What was J.B. Hunt’s debt and cash position at March 31, 2026?

At March 31, 2026, J.B. Hunt had total debt of $1.30 billion, down from $1.47 billion at December 31, 2025. Cash and cash equivalents were $4.6 million, and stockholders’ equity totaled $3.59 billion, supporting a book value of $38.12 per share.

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EXHIBIT 99.1 305.0 KB

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB