EXPD · 8-K · 20261103PR444872

Operating Expense Trends

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-11-03 · Importance 57 · Surprise 38 · From source text

Third-quarter salaries and other operating expenses rose 15% year over year to $768.3 million, compared with revenue growth of 42%. Salaries and related costs increased 20% to $588.3 million, while rent and occupancy increased 3% to $70.6 million. Direct transportation and other costs increased 49% to $2.894 billion, faster than revenue, as airfreight and ocean freight service costs rose with higher business volumes. Depreciation and amortization declined slightly to $14.2 million from $14.25 million.

Key facts

• EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 operating expenses were $3,662.235 million, compared with $2,606.709 million in Q3 2025. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC's total operating expenses for the first nine months of 2026 were $9,303.086 million, compared with $7,411.419 million in the first nine months of 2025. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC's Q3 2026 salaries and other operating expenses were $768.273 million, up 15% from $667.052 million in Q3 2025. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC's nine-month 2026 salaries and other operating expenses were $2,181.133 million, up 12% from $1,941.730 million in the first nine months of 2025. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC said it will continue making high-return investments, including additional investments in artificial intelligence and other technology solutions, to further increase net operating margins over the long term. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC said it is investing in temperature-controlled facilities, critical logistics services, and productivity initiatives, including artificial intelligence and other technology solutions. source
• EXPEDITORS INTERNATIONAL OF WASHINGTON INC spent $42.889 million on property and equipment in the first nine months of 2026, compared with $40.125 million in the first nine months of 2025. source

Impact estimates