C. H. Robinson Worldwide (CHRW) Q4 FY2025 earnings: revenue $3.9 billion, down 6.5% on the year

C. H. Robinson Worldwide, Inc. (CHRW) reported revenue of $3.9 billion for Q4 FY2025, the quarter ended 31 December 2025, down 6.5% on the same quarter a year earlier. Net income was $136 million, down 8.7% on the year, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2026.

Revenue

$3.9 billion

-6.5% on the year · -5.4% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

4.6%

4.4% a year earlier

Q1 FY2024Q4 FY2025

Net income

$136 million

-8.7% on the year · -16.4% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$1.12

-8.2% on the year · -16.4% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 new.

Operating income fell 1.3%: Income from operations was $181.4 million, down 1.3%. Adjusted income from operations rose 7.1% to $197.4 million, a non-GAAP measure.
Revenue fell 6.5% on divestiture: Total revenues fell 6.5% to $3.9 billion, mainly from the divested Europe Surface Transportation business and lower ocean pricing and volume, partly offset by higher truckload volume.
Diluted EPS down, adjusted EPS up: Diluted EPS was $1.12, down 8.2%. Adjusted diluted EPS was $1.23, up 1.7%. Net income was $136.3 million, down 8.7% from a year ago.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	3,913	4,137	4,185	-5.4%	-6.5%
Operating income	181	221	184	-17.9%	-1.3%
Operating margin	4.6%	5.3%	4.4%
Pre-tax income	167	205	168	-18.9%	-1.1%
Income tax	30.2	42.2	19.1	-28.5%	+57.8%
Effective tax rate	18.1%	20.6%	11.4%
Net income	136	163	149	-16.4%	-8.7%
Net margin	3.5%	3.9%	3.6%
Diluted EPS	$1.12	$1.34	$1.22	-16.4%	-8.2%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	305	275	268	+10.9%	+14.0%
Capital expenditure	3.0	6.0	2.7	-49.6%	+12.6%
Free cash flow	302	269	265	+12.2%	+14.0%
Free cash flow margin	7.7%	6.5%	6.3%
Cash from investing	-27.5	-18.6	-15.2
Cash from financing	-255	-276	-232
Depreciation and amortisation	26.5	25.8	24.3	+2.5%	+9.1%
Share-based compensation	17.3	18.7	20.3	-7.7%	-15.0%
Buybacks	114	111	0.0	+2.6%
Dividends paid	74.3	74.7	74.5	-0.5%	-0.3%
Dividend per share	n/a	$0.62	n/a
Diluted shares, weighted	122m	121m	122m	+0.3%	-0.5%
Shares outstanding at period end	118m	118m	119m	+0.0%	-0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	1,846	1,857	1,722	-0.6%	+7.2%
Debt	1,089	1,183	1,378	-7.9%	-20.9%
Operating lease liabilities	234	247	291	-5.4%	-19.6%
Other liabilities	1,890	1,941	1,908	-2.6%	-0.9%
Total liabilities and equity	5,058	5,228	5,298	-3.2%	-4.5%
Fixed assets	116	121	127	-3.6%	-8.5%
Goodwill	1,458	1,441	1,429	+1.2%	+2.0%
Intangible assets	18.2	20.7	28.2	-12.4%	-35.5%
Cash and equivalents	161	137	146	+17.6%	+10.4%
Receivables	2,361	2,543	2,384	-7.2%	-1.0%
Other assets	944	966	1,184	-2.2%	-20.3%
Total assets	5,058	5,228	5,298	-3.2%	-4.5%

Questions

What was C. H. Robinson Worldwide's revenue in Q4 FY2025?

C. H. Robinson Worldwide (CHRW) reported revenue of $3.9 billion for Q4 FY2025, the quarter ended 31 December 2025, down 6.5% on the same quarter a year earlier.

How much did C. H. Robinson Worldwide earn in Q4 FY2025?

Net income for Q4 FY2025 was $136 million, down 8.7% on the year, and diluted earnings per share $1.12.

When did C. H. Robinson Worldwide report Q4 FY2025 results?

C. H. Robinson Worldwide filed its 10-K for the year that ended with the quarter on 13 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	6,502	6,816	6,798	6,015	5,067	4,612	4,422	4,341	4,222	4,412	4,483	4,645	4,185	4,047	4,137	4,137	3,913	4,013	4,934	5,358
Operating income	287	345	470	288	164	161	133	114	107	127	178	180	184	177	216	221	181	176	256	272
Operating margin	4%	5%	7%	5%	3%	3%	3%	3%	3%	3%	4%	4%	4%	4%	5%	5%	5%	4%	5%	5%
Pre-tax income	269	331	442	272	122	133	114	92.8	69.3	110	157	144	168	157	194	205	167	167	238	250
Tax rate	14%	18%	21%	17%	21%	13%	15%	12%	55%	16%	19%	32%	11%	14%	21%	21%	18%	12%	21%	21%
Net income	230	270	348	226	96.2	115	97.3	81.9	31.0	92.9	126	97.2	149	135	152	163	136	147	187	198
Net margin	4%	4%	5%	4%	2%	2%	2%	2%	1%	2%	3%	2%	4%	3%	4%	4%	3%	4%	4%	4%
Diluted EPS	$1.74	$2.05	$2.67	$1.78	$0.80	$0.96	$0.81	$0.68	$0.26	$0.78	$1.05	$0.80	$1.22	$1.11	$1.26	$1.34	$1.12	$1.22	$1.56	$1.67
Operating cash flow	75.9	-13.9	265	625	773	255	225	205	47.3	-33.3	166	108	268	107	227	275	305	68.6	35.9	124
Capital expenditure	7.7	10.0	26.7	13.9	11.2	11.4	10.3	4.2	4.1	8.6	6.6	4.7	2.7	3.3	7.3	6.0	3.0	2.6	5.0	3.6
Free cash flow	68.2	-24.0	239	612	762	243	215	201	43.2	-41.9	160	103	265	103	220	269	302	66.0	30.9	120
Buybacks	153	161	329	533	436	31.2	31.6	1.1	0.0	0.0	0.0	0.0	0.0	47.7	81.1	111	114	213	220	208
Dividends paid	68.4	72.9	72.4	71.0	69.1	73.4	72.8	72.7	72.6	74.6	72.7	73.0	74.5	77.5	74.9	74.7	74.3	79.0	75.3	74.8
Shares outstanding	129m	128m	125m	121m	116m	116m	116m	116m	117m	117m	117m	118m	119m	119m	118m	118m	118m	118m	117m	116m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 13 February 2026: the filing.