EXPD · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-08-05 · Importance 48 · Surprise 14 · From source text

At June 30, 2026, Expeditors held $1,031 million of cash and cash equivalents and reported $1,448 million of working capital. Operating cash flow was $179 million in the second quarter and $488 million for the first six months, compared with $522 million in the first six months of 2025. The company had no long-term debt other than recorded lease liabilities, while borrowings under international unsecured bank lines totaled $32 million. Standby letters of credit and guarantees created $81 million of contingent liabilities, and $598 million of cash was held by non-U.S. subsidiaries.

Key facts

• Cash from operating activities was $179 million for both the second quarter of 2026 and 2025; net cash provided by operating activities for the six months ended June 30, 2026 was $488 million versus $522 million in 2025. source
• At June 30, 2026, working capital was $1,448 million, including cash and cash equivalents of $1,031 million. source
• Cash and cash equivalent balances of $598 million were held by non-United States subsidiaries at June 30, 2026, of which $7 million was held in banks in the United States. source
• Other than recorded lease liabilities, the Company had no long-term obligations or debt at June 30, 2026. source
• Borrowings under international unsecured bank lines of credit were $32 million at June 30, 2026 and contingent standby letters of credit and guarantees were $81 million. source

Impact estimates