EXPD · 8-K · 20261103PR444872
Operating Income and Margins
EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-11-03 · Importance 67 · Surprise 46 · From source text
Third-quarter operating income increased 55% year over year to $445.4 million, while revenue rose 42% to $4.108 billion. Operating margin was approximately 10.8%, compared with approximately 10.0% in Q3 2025, an increase of about 0.9 percentage points. Management reported operating efficiency of 36.7%, above its historical 30% target. The CFO attributed operating leverage to revenue growth of 42% alongside headcount growth of only 1%.
Key facts
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 net earnings attributable to shareholders increased 55% to $345 million year over year. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 operating income increased 55% to $445 million year over year. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 operating income was $445.414 million, up 55% from $288.042 million in Q3 2025. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 net earnings attributable to shareholders were $344.512 million, up 55% from $222.256 million in Q3 2025. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's nine-month 2026 operating income was $1,089.860 million, up 36% from $801.636 million in the first nine months of 2025. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's nine-month 2026 net earnings attributable to shareholders were $840.348 million, up 38% from $609.625 million in the first nine months of 2025. source
- EXPEDITORS INTERNATIONAL OF WASHINGTON INC's operating efficiency increased to 36.7%, above its historical target of 30%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +8.2% | EXPEDITORS INTERNATIONAL OF WASHINGTON INC's nine-month 2026 operating income was $1,089.860 million, up 36% from $801.636 million in the… |
| net_income | positive | realized | +6.6% | EXPEDITORS INTERNATIONAL OF WASHINGTON INC's nine-month 2026 net earnings attributable to shareholders were $840.348 million, up 38% from… |
| operating_income | positive | realized | +4.5% | EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 operating income was $445.414 million, up 55% from $288.042 million in Q3 2025. |
| net_income | positive | realized | +3.5% | EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 net earnings attributable to shareholders were $344.512 million, up 55% from $222.256… |