EXPD · 10-Q · 2026Q2 · Full report

Operating Income and Margins

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-08-05 · Importance 58 · Surprise 56 · From source text

Second-quarter 2026 operating income increased 41% to $349.6 million from $247.7 million in the prior-year quarter, while six-month operating income increased 25% to $644.4 million. The quarterly operating margin was approximately 9.3%, compared with approximately 9.1% in second-quarter 2025, as revenue growth exceeded the increase in overhead expenses. Airfreight expenses increased 62% against 57% revenue growth, and customs brokerage expenses increased 31% against 27% revenue growth, reflecting higher carrier buy rates and service costs. Ocean buy rates increased faster than sell rates during the quarter, constraining profitability in ocean freight consolidation.

Key facts

• Net earnings attributable to shareholders for the three months ended June 30, 2026 were $266,226 thousand, up 45% from $183,574 thousand in 2025. source
• Earnings per share increased 51% to $2.03. source
• Operating income for the three months ended June 30, 2026 was $349,618 thousand versus $247,736 thousand in 2025. source
• Operating income increased 41% as compared to the second quarter of 2025. source
• Total net earnings for the three months ended June 30, 2026 were $267,258 thousand versus $183,919 thousand in 2025. source
• Other income, net for the three months ended June 30, 2026 was $8,843 thousand versus $10,233 thousand in 2025. source

Impact estimates