EXPD · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-08-05 · Importance 40 · Surprise 42 · In source text

Expeditors announced a restructuring of its Global Technology group during the second quarter of 2026. The company recorded $25 million of restructuring-related expenses in the quarter, representing the majority of the expected total cost. Remaining restructuring costs are expected to be recognized during the second half of 2026 as certain employees provide service through specified dates. Overall headcount increased 4% year over year despite the restructuring.

Key facts

• The Company recorded $25 million in expenses in connection with the Global Technology restructuring in the second quarter of 2026, which represents the majority of the expected restructuring costs. source
• We announced a restructuring of our Global Technology group and incurred $25 million in related expenses in the second quarter of 2026. source
• Salaries and related costs increased principally due to a 4% increase in headcount, increases in base salaries, higher incentive compensation and termination costs incurred for the Global Technology restructuring. source

Impact estimates