EXPD · 10-Q · 2026Q2

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

Filed 2026-08-05 · Other · View original filing on EDGAR

Ranked Events

• AI Infrastructure DemandImportance 78 · Surprise 74
  Technology customers continued investing in artificial intelligence infrastructure, driving strong demand for airfreight, road freight, warehousing and distribution services. Second-quarter 2026 airfreight revenue…
• Airfreight Demand and CapacityImportance 69 · Surprise 64
  Airfreight revenue increased 57% in the second quarter and 36% in the first half of 2026, reflecting higher demand from technology customers. Second-quarter tonnage rose 14%, with the strongest increases on exports…
• Revenue Performance and MixImportance 64 · Surprise 56
  Second-quarter 2026 revenues increased 32% year over year, driven by strong volumes across most services. Airfreight services revenue increased 57% to $1,494.8 million, supported by a 44% increase in average sell rates…
• Customs Brokerage GrowthImportance 59 · Surprise 48
  Customs brokerage and other services revenue increased 27% in the second quarter and 22% in the first half of 2026. Growth reflected higher numbers and complexity of customs clearances, as well as increased road…
• Operating Expense TrendsImportance 59 · Surprise 48
  Second-quarter salaries and related costs increased 22% year over year to $573.7 million, while six-month salaries and related costs increased 15% to $1,073.3 million. The increase reflected a 4% increase in headcount,…
• Capital Return ProgramImportance 58 · Surprise 42
  Expeditors returned $461 million to shareholders through common-stock repurchases and dividends during the second quarter of 2026. The company repurchased 2.3 million shares during the quarter at an average price of…
• Operating Income and MarginsImportance 58 · Surprise 56
  Second-quarter 2026 operating income increased 41% to $349.6 million from $247.7 million in the prior-year quarter, while six-month operating income increased 25% to $644.4 million. The quarterly operating margin was…
• Ocean Capacity and PricingImportance 51 · Surprise 64
  Ocean supply-demand conditions shifted from excess capacity in the first quarter to a more balanced environment in the second quarter as demand improved. Carrier blank sailings and other restrictive capacity measures…
• Ocean Freight Demand RecoveryImportance 49 · Surprise 32
  Ocean freight and ocean services revenue increased 5% in the second quarter of 2026, although first-half revenue declined 10% because excess capacity pressured rates during the first quarter. Ocean freight…
• Liquidity and Debt PositionImportance 48 · Surprise 14
  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…
• FX / Currency HeadwindsImportance 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…
• Trade Policy and TariffsImportance 41 · Surprise 60
  Beginning in the first quarter of 2025, the U.S. Government imposed substantially higher import tariffs, followed by additional sector- and country-specific measures and retaliatory actions involving countries…
• Headcount / RestructuringImportance 40 · Surprise 42
  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…
• Order Management ExpansionImportance 35 · Surprise 48
  Order management revenue increased 21% in the second quarter and 17% in the first half of 2026, with expenses increasing at similar rates. Growth was driven by higher volumes from both new and existing customers.…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  The consolidated effective tax rate declined to 25.4% in the second quarter of 2026 from 28.7% in the prior-year quarter. The six-month effective tax rate declined to 25.2% from 27.3%, reducing the tax rate on $664.9…
• Capital ExpendituresImportance 25 · Surprise 6
  Expeditors’ 2026 capital expenditures are estimated at approximately $60 million. Planned investments include technology infrastructure, leasehold and building improvements, technology and facilities equipment, and…

Revenue by Product (in thousands)

Revenue by Geography (in thousands)