Full Truck Alliance Reports Q2 2026 Earnings with Revenue Growth
Full Truck Alliance (YMM) reported second-quarter earnings for fiscal year 2026, showing strong revenue growth and operational improvements. Total net revenues reached RMB 3.38 billion, a 4.4% increase driven by higher freight matching service volumes. Transaction service revenues surged 33.1%, accounting for over half of total net revenues at RMB 1.77 billion. The company fulfilled 68.5 million orders during the quarter, up 12.7%, reflecting improved order quality and fulfillment efficiency. The platform's fulfillment rate hit a record high of 47%. Net income rose by 6.3% to RMB 1.35 billion compared to Q2 2025, with non-GAAP adjusted net income also increasing by 6%. Full Truck Alliance is transitioning its freight brokerage business from self-operated models toward an asset-light aggregator structure and has seen a shift in user mix favoring direct shippers over brokers. The company reported RMB 33.4 billion in cash as of June 2026, supporting new initiatives and shareholder returns.
Tickers: $YMM
Topics: freight services net income revenue