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Maersk Swings to Q4 Loss, Cuts 1,000 Jobs and Launches $1 Billion Buyback

Falling freight rates alongside looming overcapacity lead to a cautious 2026 outlook.

Overview

  • Maersk reported a Q4 EBIT loss of $153 million as weaker rates outweighed 8% growth in container volumes, with quarterly revenue down to $13.33 billion.
  • Full-year revenue came in at $54 billion and EBITDA at $9.5 billion, both lower than the prior year.
  • The company will eliminate 1,000 corporate roles to deliver $180 million in annual cost savings and plans to repurchase $1 billion of shares over the next 12 months.
  • Management issued soft 2026 guidance, indicating EBITDA of about 4.5–7 and EBIT between a $1.5 loss and a $1 profit, citing expected overcapacity and evolving Red Sea routing.
  • Operational bright spots included improved profitability in Logistics & Services and record volumes, revenue and EBIT in terminals, while shares fell more than 5% in early trading.