EXPD · Full Picture

EXPEDITORS INTERNATIONAL OF WASHINGTON INC — the full picture

Earnings window · 2026-07-15 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 89
    -12.5% cash (realized); 3 sources (news, press_release, sec_filing); 1 forward row(s); structured_verified
    Expeditors announced a new $3.0 billion share repurchase program.
  2. Airfreight Demand and Capacity · Demand, orders & backlogPriority 78
    +15.5% revenue (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Airfreight services revenues and expenses increased 57% and 62%, respectively, during the three months ended June 30, 2026, due to 44% and 45% increases in average sell and buy rates, respectively, and a 14% increase in tonnage.
  3. Revenue Performance and Mix · Revenue growth & mixPriority 78
    +19.2% revenue (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Airfreight services six months revenues were $2,525,705 thousand, a 36% increase versus $1,853,547 thousand in 2025.
  4. Operating Expense Trends · Operating expenses (SG&A)Priority 77
    +0.7% operating_income; 2 sources (press_release, sec_filing); 1 forward row(s); structured_verified
    Airfreight services expenses for the three months ended June 30, 2026 were $1,134,773 thousand, up from $698,402 thousand in the same period in 2025.
  5. AI Infrastructure Demand · Demand, orders & backlogPriority 63
    quote_verified
    Airfreight services, road freight and warehousing and distribution services all benefited from continued strong demand from our technology customers investing in artificial intelligence (AI) infrastructure.
  6. Customs Brokerage Growth · UnclassifiedPriority 56
    quote_verified
    Customs brokerage and other services revenues increased 27% and 22% for the three and six months ended June 30, 2026, respectively, and expenses increased 31% and 22% for the three and six months ended June 30, 2026, respectively.
  7. Operating Income and Margins · Operating income & profitabilityPriority 55
    +2.9% operating_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Operating Income for Q2 2026 increased 41% to $350 million compared to the same quarter of 2025.
  8. Geographic Revenue Shift · Geographic mixPriority 54
    quote_verified
    For the three months ended June 30, 2026, North Asia revenues were $817,046 (thousands).
  9. Shareholder Capital Returns · UnclassifiedPriority 48
    quote_verified
    Cash returned to shareholders in the form of share repurchases and dividends was $748 million for the year-to-date period of 2026.
  10. Headcount / Restructuring · Restructuring & impairmentPriority 47
    -0.7% operating_income (realized); 3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    The Global Technology restructuring is expected to lower annual costs by approximately $50 million.
  11. Income Tax Rate Changes · TaxPriority 44
    3 sources (news, press_release, sec_filing); quote_verified
    The consolidated effective income tax rate was 25.4% and 25.2% for the three and six months ended June 30, 2026, down from 28.7% and 27.3% in the same periods of 2025.
  12. Ocean Capacity and Pricing · Pricing & realizationPriority 43
    quote_verified
    Ocean freight consolidation revenues and expenses decreased 18% and 16%, respectively, for the six months ended June 30, 2026 due to 17% and 14% decreases in average sell and buy rates and a 2% decrease in containers shipped.

Threads by pillar

Revenue & Demand Priority 92 · 7 threads

Costs & Margins Priority 86 · 6 threads

Capital & Balance Sheet Priority 94 · 5 threads

Strategy & Portfolio Priority 31 · 1 thread

Legal, Regulatory & Policy Priority 40 · 1 thread

Macro & Market Conditions Priority 38 · 2 threads

Unclassified Priority 66 · 4 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income+0.7%+0.7%-15.6%
cash-0.6%+0.6%-13.1%
assets+0.6%+0.6%—
net_income——+2.4%
revenue——+35.7%