C.H. Robinson Q1 EPS $1.35 Tops by $0.12, Revenue $4B Misses $40M
C.H. Robinson’s Q1 non-GAAP EPS was $1.35, up 15% y/y and $0.12 above forecasts, while revenue declined to $4.00 billion, missing estimates by $40 million. North American Surface Transport (NAST) revenue rose 4.9% with 4.7% gross profit gain, but gross profit fell 1.6% to $646.6 million and global forwarding revenue dropped 9%.
1. Q1 Financial Highlights
C.H. Robinson reported Q1 2026 non-GAAP EPS of $1.35 compared to $1.17 a year earlier, beating forecasts by $0.12. Revenue declined 1% y/y to $4.00 billion, below consensus by $40 million.
2. Profit and Margin Details
Gross profit fell 1.6% y/y to $646.6 million, with adjusted gross profit down 1.9%. Operating margin remained flat at 4.4%, while adjusted operating margin improved 30 bps to 26.6%.
3. Segment Performance
North American Surface Transport saw revenue rise 4.9% sequentially and gross profit up 4.7%, while Global Forwarding revenue dropped 9% and gross profit declined 8.8% sequentially.
4. Headcount Reductions
Headcount in North American Surface Transport decreased to 4,752 from 4,970 in Q4 2025 and total company headcount fell to 11,705, down from 12,085, reflecting continued cost management.