NYSE$R
Ryder System Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Ryder System Inc reported second quarter 2026 results with GAAP EPS of $3.40 and total revenue of $3.3 billion.
Ryder delivered 8% GAAP EPS growth and 12% comparable EPS growth year-over-year driven by contractual revenue gains in FMS and SCS plus improved used vehicle sales. Total revenue rose 5% to $3.3 billion while operating revenue increased 3%. The company raised its full-year comparable EPS guidance to $14.40-$14.80 and maintained its free cash flow outlook.
- GAAP EPS from continuing operations reached $3.40, up 8% from prior year; comparable EPS rose 12% to $3.73.
- Total revenue grew 5% to $3.347 billion and operating revenue grew 3% to $2.686 billion, led by SCS and FMS contractual growth.
- FMS EBT increased 20% to $150 million on higher used vehicle sales and ChoiceLease performance; rental utilization reached 75%.
- Full-year 2026 comparable EPS guidance raised to $14.40-$14.80 with ROE target of 18% and free cash flow of $700-800 million.
Headline financials
Revenue & EPS history
Ryder · Revenue · Quarterly
$3.35B
Revenue by segment
Ryder · $3.38B total across 5 segments · Q2 2026
- Supply Chain Solutions$1.47B—43.6%
- ChoiceLease$885M—26.2%
- Dedicated Transportation Solutions$600M—17.8%
- Commercial rental$229M—6.8%
- SelectCare and other$189M—5.6%
Forward guidance
Full year 2026 operating revenue growth of 3%, comparable EPS raised to $14.40-$14.80, ROE of 18%, and free cash flow of $700-800 million.
Tailwinds
- Contractual sales activity remained strong across segments
- Used vehicle market conditions continued to strengthen
- Strategic initiatives on track to deliver $70 million in benefits
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.5%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+0.5%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+15.3%
Q1 2020
Best reaction
-20.1%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -1.7% | +8.8% | +7.1% | |
| Q4 2025 | +2.4% | +0.7% | -11.4% | |
| Q3 2025 | -12.2% | -7.6% | -8.0% | |
| Q2 2025 | -0.8% | -1.2% | +2.1% | |
| Q1 2025 | -1.9% | +0.1% | +8.2% | |
| Q4 2024 | +3.0% | +5.2% | -11.1% | |
| Q3 2024 | -3.6% | +0.1% | +14.2% | |
| Q2 2024 | +1.8% | +7.3% | +9.5% | |
| Q1 2024 | +12.1% | +11.9% | +10.5% | |
| Q4 2023 | -7.6% | -9.5% | -5.2% | |
| Q3 2023 | -4.9% | -3.0% | +9.8% | |
| Q2 2023 | +8.4% | +11.3% | +5.6% | |
| Q1 2023 | -6.4% | -3.8% | -4.1% | |
| Q4 2022 | +1.9% | +1.8% | -14.2% | |
| Q3 2022 | +9.9% | +7.9% | +28.7% | |
| Q2 2022 | +4.4% | +4.3% | +8.4% | |
| Q1 2022 | +4.4% | +4.5% | +17.9% | |
| Q4 2021 | +2.7% | +2.8% | +10.1% | |
| Q3 2021 | -4.8% | -5.0% | -6.2% | |
| Q2 2021 | +4.5% | +2.5% | +9.9% | |
| Q1 2021 | +6.7% | +4.5% | +6.5% | |
| Q4 2020 | -6.2% | -7.5% | +11.9% | |
| Q3 2020 | +1.4% | -1.2% | +21.0% | |
| Q2 2020 | -10.8% | -14.4% | -1.3% | |
| Q1 2020 | +15.3% | +6.8% | +11.6% | |
| Q4 2019 | -20.1% | -23.4% | -38.5% | |
| Q3 2019 | -12.1% | -8.9% | -3.3% | |
| Q2 2019 | -10.2% | -15.9% | -19.3% | |
| Q1 2019 | -7.5% | -2.8% | -20.2% | |
| Q4 2018 | +6.5% | +5.8% | +0.7% | |
| Q3 2018 | -10.3% | -9.3% | -12.1% | |
| Q2 2018 | +7.3% | +5.0% | +6.3% | |
| Q1 2018 | -9.1% | -9.3% | -6.9% | |
| Q4 2017 | -11.4% | -11.8% | -11.3% | |
| Q3 2017 | -1.7% | +1.6% | -6.5% | |
| Q2 2017 | -0.5% | -1.1% | +1.0% | |
| Q1 2017 | -14.1% | -14.3% | -15.7% | |
| Q4 2016 | -4.9% | -4.5% | -1.3% | |
| Q3 2016 | +5.6% | +5.2% | +22.9% | |
| Q2 2016 | -5.9% | -6.6% | -8.0% | |
| Q1 2016 | +9.5% | — | — | |
| Q4 2015 | -5.0% | — | — | |
| Q3 2015 | -2.3% | — | — | |
| Q2 2015 | -5.8% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +3.7% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | -0.6% | — | — | |
| Q4 2012 | +6.7% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q2 2012 | +8.2% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2008 | +0.4% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +9.5% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2010 | +6.2% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q3 2009 | -2.7% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q2 2009 | +0.6% | — | — | |
| Q2 2010 | +0.6% | — | — |
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