EXPD · 10-Q · 2026Q3 · Full report

Headcount / Restructuring

EXPEDITORS INTERNATIONAL OF WASHINGTON INC · 2026-11-04 · Importance 44 · Surprise 58

Expeditors recorded $25 million of expenses, primarily in the second quarter of 2026, in connection with its Global Technology restructuring. Restructuring termination costs contributed to higher salaries and related costs, which increased 20% in the third quarter and 17% over the first nine months of 2026. Headcount increased 1% over the comparison periods, while higher incentive compensation and non-executive base salaries also contributed to the salary-cost increase.

Key facts

• Expeditors’ salaries and related costs increased 20% and 17% in the three and nine months ended September 30, 2026, principally due to higher incentive compensation, Global Technology restructuring termination costs, a 1% increase in headcount, and increases in non-executive base salaries. source
• Expeditors recorded $25 million in expenses, primarily in the second quarter of 2026, in connection with the Global Technology restructuring. source