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Saia (SAIA) Q3 FY2026 earnings: revenue $982 million, up 17.0% on the year

Saia Inc. (SAIA) reported revenue of $982 million for Q3 FY2026, the quarter ended 30 September 2026, up 17.0% on the same quarter a year earlier. Net income was $91 million, up 5.9% on the year, and diluted earnings per share $3.41. The figures are the company's own, from the 10-Q it filed with the SEC on 29 October 2026.

Revenue$982 millionup 17.0%
Net income$91 millionup 5.9%
Diluted EPS$3.41
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 1 lowered, 1 new.

  • Revenue reached a company record: Revenue was $982.5 million, up 17.0% from $839.6 million a year earlier, and was a company record.
  • Diluted EPS rose to $3.41: Diluted EPS was $3.41 against $3.22 in the third quarter of 2025; the prior-year figure included a net real estate gain.
  • Revenue per shipment up 5.8%: LTL revenue per shipment excluding fuel surcharge was $311.34, up 5.8%, which the company ties to pricing and mix optimization. Including fuel surcharge, revenue per shipment rose 16.1%.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue982956840+17.0%
Operating income122125119+3.1%
Operating margin12.4%13.1%14.1%
Interest expense2.02.04.5-54.6%
Pre-tax income121125115+5.7%
Income tax29.931.228.5+5.0%
Effective tax rate24.7%24.9%24.8%
Net income91.494.386.3+5.9%
Net margin9.3%9.9%10.3%
Diluted EPS$3.41$3.51$3.22+5.9%
$ million except per share.
Read moreFree 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 and capital returned

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Operating cash flow190152178+6.6%
Capital expenditure78.494.990.3-13.2%
Free cash flow11156.687.6+26.9%
Free cash flow margin11.3%5.9%10.4%
Cash from investing-69.9-94.3-70.5n/a
Cash from financing-1.1-12.5-90.7n/a
Depreciation and amortisation64.164.264.0+0.2%
Diluted shares, weighted27m27m27m+0.1%
Shares outstanding at period end27m27m27m+0.1%

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

Balance sheet at quarter end

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Shareholders' equity2,8222,7272,526+11.7%
Debt100100219-54.4%
Operating lease liabilities133139102+29.8%
Other liabilities796759654+21.8%
Total liabilities and equity3,8513,7253,501+10.0%
Fixed assets2,9002,9052,814+3.0%
Cash and equivalents20384.035.5+470.5%
Receivables438424365+19.8%
Other assets311312286+8.6%
Total assets3,8513,7253,501+10.0%

Questions

What was Saia's revenue in Q3 FY2026?

Saia (SAIA) reported revenue of $982 million for Q3 FY2026, the quarter ended 30 September 2026, up 17.0% on the same quarter a year earlier.

How much did Saia earn in Q3 FY2026?

Net income for Q3 FY2026 was $91 million, up 5.9% on the year, and diluted earnings per share $3.41.

When did Saia report Q3 FY2026 results?

Saia filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 29 October 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue617661746730656661695775751755823842789788817840790806956982
Operating income97.410314612892.799.112012811311813812510170.299.411964.066.8125122
Operating margin16%16%20%18%14%15%17%17%15%16%17%15%13%9%12%14%8%8%13%12%
Interest expense0.70.70.70.60.70.70.50.50.90.52.43.03.04.34.74.52.92.62.02.0
Pre-tax income96.910314512893.399.112113011611913612398.865.695.611561.465.0125121
Tax rate24%23%24%23%24%23%25%25%23%24%24%24%23%24%25%25%23%23%25%25%
Net income73.879.410997.970.976.191.398.289.290.710392.776.149.871.486.347.549.994.391.4
Net margin12%12%15%13%11%12%13%13%12%12%12%11%10%6%9%10%6%6%10%9%
Diluted EPS$2.76$2.98$4.10$3.67$2.65$2.85$3.42$3.67$3.33$3.38$3.83$3.46$2.84$1.86$2.67$3.22$1.77$1.86$3.51$3.41
Operating cash flow11596.0112136129119172125162106131182165109171178137140152190
Capital expenditure13146.311012388.412898.611499.445722519316820317590.399.866.194.978.4
Free cash flow-16.049.71.913.540.6-9.173.511.462.3-351-94.0-11.7-3.5-93.8-3.987.637.573.556.6111
Shares outstanding26m26m26m26m26m27m27m27m27m27m27m27m27m27m27m27m27m27m27m27m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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-Q for the period ended 30 September 2026, filed 29 October 2026: the filing.