ODFL · 10-Q · 2026Q2 · Full report

Operating Margin Drivers

OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 64 · Surprise 56

The second-quarter 2026 operating ratio improved to 70.1% from 74.6%, and the first-half ratio improved to 72.9% from 75.0%. Operating income margin increased to 29.9% in the quarter and 27.1% year to date, from 25.4% and 25.0%, respectively. Net income increased 30.5% to $350.6 million in the quarter and 12.5% to $588.9 million in the first six months. Higher yields, operating efficiency, discretionary-spending controls, and $17.2 million and $20.1 million of property-sale gains supported profitability.

Key facts

• Operating ratio for the three months ended June 30, 2026: 70.1%. source
• Operating ratio for the six months ended June 30, 2026: 72.9%. source
• Net income for the three months ended June 30, 2026: $350,601 (in thousands). source
• Net income for the six months ended June 30, 2026: $588,859 (in thousands). source
• Diluted earnings per share for the three months ended June 30, 2026: $1.68. source
• Diluted earnings per share for the six months ended June 30, 2026: $2.82. source