EXPD · 10-Q · 2026Q3 · Full report

Operating Expense Trends

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-11-04 · Importance 48 · Surprise 40

Salaries and related costs increased 20% in the third quarter to $588.3 million and 17% over nine months to $1.662 billion, principally due to higher incentive compensation, Global Technology restructuring termination costs, a 1% increase in headcount, and higher non-executive base salaries. Total overhead expenses rose 15% in the third quarter to $768.3 million and 12% over nine months to $2.181 billion. Other expenses increased 2% in the quarter, primarily from technology and rent and occupancy costs; nine-month other expenses were flat, as a $16 million property-sale gain and lower indirect taxes offset increases. Field and executive management bonuses increased 36% over the nine months, primarily due to higher operating income.

Key facts

• Expeditors recognized a $16 million gain on the sale of a property in the second quarter of 2026, helping offset expense increases for the nine months ended September 30, 2026. source
• Expeditors’ field and executive management total bonuses increased 36% for the nine months ended September 30, 2026, primarily due to higher operating income. source
• Expeditors’ other expenses increased 2% in the third quarter of 2026, primarily due to higher technology-related expenses and rent and occupancy expenses. source