For the quarter ended December 31, 2025, C.H. Robinson reported total revenues of $3.9 billion, a 6.5% decline year-over-year, primarily driven by the divestiture of its Europe Surface Transportation business and lower pricing in ocean and truckload services. Gross profit decreased 4.5% to $642.5 million, while adjusted gross profit fell 4.0% to $657.0 million. Income from operations was $181.4 million, down 1.3%, but adjusted operating income rose 7.1% to $197.4 million. Diluted EPS declined 8.2% to $1.12, whereas adjusted diluted EPS increased 1.7% to $1.23. The effective tax rate climbed to 18.1% from 11.4% a year ago, reflecting fewer tax credits and discrete items. Net income totaled $136.3 million, an 8.7% drop compared with Q4 2024.

North American Surface Transportation (NAST) volumes grew 1% overall and 3% in truckload, outperforming a 7.6% year-over-year decline in the Cass Freight Shipment Index and signaling further market share gains. NAST adjusted gross profit margin expanded by 20 basis points to 14.6% as disciplined revenue management offset rising spot costs. In Global Forwarding, gross margins widened by 120 basis points through tighter revenue controls, while productivity improvements delivered double-digit gains in NAST and high-single-digit gains in forwarding for the full year. Average headcount declined 12.9% as part of cost optimization and divestiture impacts.

Operating cash flow rose by $37.5 million to $305.4 million, reflecting improved working capital management. The company returned $207.7 million to shareholders, up 150.7% from a year earlier, driven by a combination of share repurchases and dividends. Personnel expenses fell 4.9% to $337.0 million on productivity initiatives and headcount reductions, while other SG&A declined 5.3% to $138.7 million. Interest expense decreased by $5.1 million to $13.7 million due to lower average debt and interest rates. Management highlighted the ongoing rollout of its Lean AI strategy—integrating a lean operating model with advanced technology and algorithmic agents—as the key driver of sustained margin expansion and cost of serve improvements, with significant runway remaining for further transformation.