AI-extracted from the 10-Q filed 2026-07-24 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue surged 50% to $13.6B on higher fuel prices across all segments; aviation and marine segments drove profitability with operating income of $104.8M and $22.2M respectively.
Biggest Revenue Drivers
Aviation$7,959.5M+68% YoY
Higher average jet fuel prices (+83%) and contribution from Universal TSS acquisition, partially offset by 5% volume decline.
Marine$2,763.8M+46% YoY
Elevated bunker fuel prices (+63% per metric ton) and market volatility, partially offset by 10% volume decline.
Biggest Revenue Drivers
Total revenue: $13.6B+50% YoY
Aviation$7,959.5M+68% YoY
Higher average jet fuel prices (+83%) and contribution from Universal TSS acquisition, partially offset by 5% volume decline.
Marine$2,763.8M+46% YoY
Elevated bunker fuel prices (+63% per metric ton) and market volatility, partially offset by 10% volume decline.
Land$2,867.9M+18% YoY
Higher average fuel prices (+13%), partially offset by 9% volume decline from Watson Fuels sale and Land Fuel Transportation exit.
Largest Expense Items
Cost of revenue$13,226.0M+50% YoY
Increased proportionally with higher fuel prices and elevated commodity costs.
Compensation and employee benefits$145.3M+38% YoY
Higher incentive compensation in aviation and marine segments plus Universal TSS acquisition costs.
General and administrative$117.5M+75% YoY
Increased costs associated with Universal TSS acquisition and higher operating expenses.
Margins: Gross profit margin improved to 2.7% from 2.6% despite similar cost-of-revenue ratios, driven by stronger physical inventory profitability in aviation and marine segments benefiting from elevated fuel price volatility. Operating margin turned positive at 0.7% from negative 3.8%, primarily due to lower goodwill impairment charges ($2.7M reversal vs. $398.6M charge in prior year).
Watch Items from the Filing
One marine customer filed for creditor protection in Q2 2026 and is operating under court supervision; company recognized significant provision for credit losses of $29.6M in quarter.
Accounts receivable increased 33% to $2.9B from $2.2B; allowance for credit losses jumped to $50.1M from $16.6M, reflecting heightened credit risk.
Aviation segment operating leverage strong: 68% revenue growth with gross profit up 51%, though volumes declined 5% as lower-margin activity was reduced.
Marine segment benefiting from elevated fuel price volatility and constrained credit environment; gross margin expanded significantly despite 10% volume decline.
Land segment restructuring ongoing: Land Fuel Transportation and Lubricants disposal group sold in June 2026 for $82.8M; additional European power business exits underway.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bakshi KenReporting ownerGrant or award · Jun 18, 2026
Piper Gregory FReporting ownerGrant or award · Jun 18, 2026
Kottkamp Jeffrey MichaelReporting ownerGrant or award · Jun 18, 2026
Cherwoo ShardaReporting ownerGrant or award · Jun 18, 2026
Smith Andrea BReporting ownerGrant or award · Jun 18, 2026
Benitez Jorge L.Reporting ownerGrant or award · Jun 18, 2026
About WORLD KINECT CORP (WKC): stock profile, AI score and financials
WORLD KINECT CORP (WKC) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores WKC at 38.8/100 on a composite quality score built from its SEC filings, placing it at rank #2,161 of 2,925 stocks — the bottom half of the AI-ranked universe. WKC scores in the top quartile across revenue scale (96.2). Areas of concern include revenue growth (13.8) and earnings quality (19.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), WORLD KINECT CORP reports quarterly revenue of $13.6B, net income of $48.4M, an operating margin of 0.7%. Top institutional holders of WKC by reported 13-F value include BlackRock, BRANDES INVESTMENT PARTNERS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WKC trades on the NYSE exchange and files with the SEC under CIK 789460. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WKC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WORLD KINECT CORP directly from SEC EDGAR.