EXPD · 8-K · 20260804PR332198

Operating Income and Margins

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-08-04 · Importance 58 · Surprise 56 · No source text

Second-quarter operating income increased 41% to $349.6 million from $247.7 million. The operating margin expanded to approximately 10.0% of revenue from 9.3% in the prior-year quarter, despite a $25 million pretax restructuring charge. Directly related transportation and other costs increased 38% to $2.417 billion, faster than the 32% revenue increase, while management cited elevated airfreight rates, higher ocean pricing, cost discipline, and productivity investments as key profitability factors. Operating efficiency reached 32.2% in the second quarter, inclusive of the restructuring charge.

Key facts

• Operating Income for Q2 2026 increased 41% to $350 million compared to the same quarter of 2025. source
• Net Earnings Attributable to Shareholders for Q2 2026 increased 45% to $266 million compared to the same quarter of 2025. source
• Operating income for the three months ended June 30, 2026 was $349,618 (thousands). source
• Net earnings attributable to shareholders for the three months ended June 30, 2026 were $266,226 (thousands). source
• Earnings before income taxes for the three months ended June 30, 2026 were $358,461 (thousands). source
• Strengthening demand combined with heightened pricing late in the quarter led to an increase in profitability per-container in Q2 2026. source
• Operating efficiency increased to 32.2% in Q2 2026, inclusive of the restructuring charge. source

Impact estimates