EXPD · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-08-05 · Importance 45 · Surprise 64

Net foreign-currency transaction losses were approximately $8 million in the second quarter of 2026 and $6 million for the first six months, compared with losses of $12 million and $17 million in the corresponding 2025 periods. The six-month transaction loss therefore declined approximately 65% year over year. Translation effects on foreign operations produced a $4 million after-tax gain in the quarter but an $8 million after-tax loss for the first six months. Expeditors had no foreign-currency derivatives outstanding at June 30, 2026.

Key facts

• For the three and six months ended June 30, 2026, net foreign currency transactional losses were approximately $8 million and $6 million compared to net foreign currency losses of approximately $12 million and $17 million in the same periods in 2025. source
• The net impact of foreign exchange rate fluctuation on translation included in other comprehensive income was income of $4 million and loss of $8 million, net of taxes, in the three months and six months ended June 30, 2026, respectively. source