Ryder System 2026: Revenue $3.35B, EPS $3.39— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Ryder System reported Q2 2026 revenue of $3.35B, up 5% year-over-year, and diluted EPS of $3.39, an 8.3% increase. Net income rose to $133M from $131M. Growth was driven by Supply Chain Solutions (SCS) and Fleet Management Services (FMS), with FMS earnings improving ~20%. Rental utilization normalized to ~75% on a smaller fleet. The company remains on track for a $70M strategic initiative benefit in 2026.
Ryder System reported second-quarter 2026 results with revenue of $3.35B, up 5% from $3.19B a year earlier, and diluted EPS of $3.39 versus $3.13 in the prior-year quarter; net income was $133M compared with $131M in the year-ago period.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $3.35B | $3.19B | 5% |
| Net income² | $133M | $131M | 1.5% |
| Diluted EPS³ | $3.39 | $3.13 | 8.3% |
¹ Reported as “Total revenue”. ² Reported as “Net earnings”. ³ Reported as “Earnings per common share — Diluted”.
Business Highlights
- Revenue growth was driven by higher SCS and FMS revenue, with operating revenue up about 3% reflecting contractual growth.
- FMS earnings improved notably (about 20% in Q2) supported by ChoiceLease gains and stronger used-vehicle results.
- SCS growth benefited from omnichannel retail wins and an improved used-vehicle retail mix.
- Rental utilization normalized to roughly 75% on a smaller fleet as Ryder continues targeted right‑sizing; active fleet was down about 2–4% year over year.
- Company remains on track for a $70M strategic initiative earnings benefit in 2026.
Original SEC Filing: RYDER SYSTEM INC [ R ] - 10-Q - Jul. 23, 2026