Ryder Reports Third Quarter 2026 Results
Business Wire•22/10/2026•06:55 ET
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Key Highlights
- ➤Comparable EPS $4.33, up 21% year over year
- ➤Total revenue $3.4 billion, up 8% year over year
- ➤2026 comparable EPS outlook raised to $14.85-$15.05
- ➤2026 ROE outlook raised to 18%-19%
- ➤Rental fleet investment increased to $500 million for 2026
Expert Statements
John Diez, Chief Executive Officer of Ryder
“Ryder delivered double-digit earnings growth in the third quarter, marking our eighth consecutive quarter of earnings-per-share growth,”
John Diez, Chief Executive Officer of Ryder
“Strong operating results reflected execution of strategic initiatives and improving performance in used vehicle sales and rental. We are on track to deliver ROE above 18% and over $70 million in benefits from strategic initiatives in 2026.”
John Diez, Chief Executive Officer of Ryder
“All segments delivered earnings in line with long-term targets. In FMS, pre-tax earnings as a percent of operating revenue rose to 13.2%, reflecting our high-quality lease portfolio and early benefits from the freight market recovery. Operating revenue growth rates continued to improve, with SCS and FMS generating strong contractual growth.”
John Diez, Chief Executive Officer of Ryder
“During the quarter, the business benefited from strengthening freight market conditions. Contractual sales activity remained strong across all three segments, with activity accelerating in lease and dedicated. Used vehicle sales results exceeded our expectations, driven by stronger-than-expected pricing and sales volumes.”
John Diez, Chief Executive Officer of Ryder
“We remain well positioned to support our customers and their increasing needs for logistics and transportation services. Our market-leading solutions, strong customer relationships, and our transformed model will continue to drive long-term earnings growth.”
Cristina Gallo-Aquino, Chief Financial Officer of Ryder
“Continued earnings growth is driven by consistent execution of our strategic initiatives,”
Cristina Gallo-Aquino, Chief Financial Officer of Ryder
“We’re encouraged by the opportunities we see for profitable contractual growth and our ability to benefit from improving market conditions in used vehicle sales and rental. As a result, we are increasing our full-year investment in the rental fleet to $500 million, up $300 million from our prior forecast. This investment will position us to capture higher expected rental demand in 2027.”
Delivers strong results and raises 2026 outlook; Strategic initiatives and improving freight market conditions driving momentum
GAAP EPS from continuing operations of $4.16, up 25% from prior year
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