Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when TFIN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsTriumph Financial reports Q2 net income $0.44/share; transportation revenue up 30.9% YoY
Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
-
high
Q2 2026 net income to common stockholders was $10.6M or $0.44/diluted share; non-core items (primarily restructuring) reduced EPS by $0.13.
Item 2.02 verify on EDGAR → -
high
Transportation revenue grew 30.9% YoY (vs. 23.5% in Q1), exceeding the 15% long-term target; factoring operating margin reached 39.4%, nearing the 40% target.
Item 2.02 verify on EDGAR → -
high
Average factoring invoice prices hit $2,160 in Q2 (up 23.4% from Q4 2025) and $2,210 in early July; each $100 move impacts annual pretax income by ~$7M.
Item 2.02 verify on EDGAR → -
high
Factoring segment delivered $20.9M pretax operating income on $4.1B purchased volume (up 26.2% QoQ, 43.3% YoY); larger carriers (7+ trucks) now 75% of invoice volume.
Item 2.02 verify on EDGAR → -
medium
Payments segment revenue grew 29.4% YoY to $89.2M annualized with EBITDA margin improving to 25.7%; LoadPay revenue up 49.2% and surpassed 10,000 accounts.
Item 2.02 verify on EDGAR →
Summary
Triumph Financial reported Q2 2026 net income of $0.44 per diluted share, with non-core restructuring charges reducing EPS by $0.13. The company's core transportation and payments businesses delivered strong growth: transportation revenue accelerated to 30.9% year-over-year (from 23.5% in Q1), and factoring operating margin reached 39.4%, approaching the company's 40% long-term target.
Factoring purchased volume hit $4.1 billion, up 43.3% year-over-year, with larger carriers now representing 75% of invoice volume despite being only 15% of client count. The freight market backdrop improved materially. Average factoring invoice prices reached $2,160 in Q2 (up 23.4% from Q4 2025) and $2,210 in early July.
Management disclosed that each $100 move in invoice prices impacts annual pretax income by approximately $7 million, and noted that sustained pricing at $2,200 or higher would drive earnings meaningfully above the $2.00 per share annualized exit rate originally targeted for Q4 2026 at $1,800 invoice pricing. The Payments segment grew revenue 29.4% year-over-year with EBITDA margin expanding to 25.7% from 13.9% a year earlier, while LoadPay surpassed 10,000 accounts with 49.2% revenue growth.
Section-by-Section Diff
Event · Exhibit 99.1
Triumph Financial reported Q2 2026 net income of $0.44/share, with strong transportation revenue growth of 30.9% YoY and factoring margin near target.
Added in current filing · view on EDGAR →
Transportation Revenue Growth > 15% 30.9 % 23.5 % 7.4 % Factoring Operating Margin > 40% 39.4 % 34.7 % 4.7 %
Transportation revenue grew 30.9% year-over-year in Q2 2026, up from 23.5% in Q1 2026, exceeding the company's long-term target of 15% growth. Factoring operating margin reached 39.4%, up 4.7 percentage points from Q1 and approaching the 40% long-term target. The company attributes over 30% of year-to-date revenue growth to organic factors rather than market tailwinds alone.
Added in current filing · view on EDGAR →
For the quarter, Factoring transportation invoice prices averaged $2,160, a 23.4% increase over the 4Q25 average. For the first 17 days of July, invoice prices have averaged $2,210. ... A $100 move in invoice prices moves our annual pretax income by approximately $7.0 million.
Average factoring transportation invoice prices reached $2,160 in Q2 2026, up 23.4% from Q4 2025, and averaged $2,210 in the first 17 days of July. The company disclosed that each $100 change in invoice prices impacts annual pretax income by approximately $7.0 million. Management's January goals assumed a $1,800 average invoice size for a $2.00 per share annualized earnings exit rate in Q4 2026; at $2,200 or higher, the earnings trajectory would be meaningfully higher.
Added in current filing · view on EDGAR →
Revenue grew 29.4% YoY to $89.2 million, annualized. On a quarterly basis, revenue grew 16.7%, with contributions coming from contractual price increases, increased supply chain finance volumes, and seasonality. EBITDA margin for the quarter improved to 25.7%, up from 24.5% in 1Q26 and 13.9% in 2Q25. ... LoadPay revenue growth was 49.2% for the quarter, and we crossed over 10,000 accounts
The Payments segment delivered 29.4% year-over-year revenue growth to $89.2 million annualized, with EBITDA margin improving to 25.7% from 13.9% in Q2 2025. LoadPay, the carrier operating platform, grew revenue 49.2% for the quarter and surpassed 10,000 accounts. Annualized revenue per active carrier account reached $707, approaching the company's $750 target.
Added in current filing · view on EDGAR →
The Factoring segment delivered pretax operating income of $20.9 million. Revenue increased 26.9% QoQ, and pretax operating margin was 39.4%, which is just shy of our North Star target. To ... tal purchased volume reached $4.1 billion for the quarter, a 26.2% increase over 1Q26, and 43.3% over the same quarter in 2025.
The Factoring segment generated pretax operating income of $20.9 million with a 39.4% operating margin, just below the 40% target. Total purchased volume reached $4.1 billion, up 26.2% quarter-over-quarter and 43.3% year-over-year. Larger carriers (over 7 trucks) represented 75% of invoice volume while comprising only 15% of client count. The portfolio is approximately 65% spot market and 35% contract market, with brokers representing 72% of accounts receivable.
Event · Item 2.02 — Results of Operations and Financial Condition
Triumph Financial announced Q2 2026 financial results in a shareholder letter containing non-GAAP measures.
Added in current filing · verify on EDGAR →
On July 21, 2026, Triumph Financial, Inc. (the “Company”) announced its financial results for the quarter ended June 30, 2026 in its letter to shareholders attached hereto as Exhibit 99.1.
The company disclosed its second quarter 2026 financial results through a shareholder letter. The 8-K itself does not contain the actual financial figures, which are provided in the attached Exhibit 99.1. The filing notes that the exhibit includes non-GAAP financial measures with reconciliations to GAAP measures provided in tables within the shareholder letter.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify