EXPD · 10-Q · 2026Q3

EXPEDITORS INTERNATIONAL OF WASHINGTON INC

Filed 2026-11-04 · Other · View original filing on EDGAR

Everything EXPD's SEC filings said, ranked

Ranked Events

• Operating Income and MarginsImportance 64 · Surprise 56
  Third-quarter 2026 operating income increased 55% to $445.4 million from $288.0 million, while nine-month operating income increased 36% to $1.090 billion from $801.6 million. Third-quarter operating income grew faster…
• Revenue Performance and MixImportance 64 · Surprise 56
  Third-quarter 2026 revenues increased 42% year over year to $4.108 billion, and nine-month revenues increased 27% to $10.393 billion. Airfreight services revenue rose 51% in the quarter to $1.545 billion, driven by 38%…
• Capital Return ProgramImportance 58 · Surprise 42
  Expeditors returned $197 million to shareholders through common-stock repurchases in the third quarter of 2026. The February 2026 discretionary repurchase plan authorizes management to repurchase up to $3.0 billion of…
• Ocean Capacity and PricingImportance 57 · Surprise 64
  Ocean freight consolidation containers shipped increased 7% in the third quarter, while average sell and buy rates rose 52% and 61%, respectively, year over year. Rates began recovering in May as demand increased in…
• Airfreight Demand and CapacityImportance 49 · Surprise 40
  Third-quarter airfreight tonnage increased 13%, with growth primarily in exports from South Asia, North Asia and MAIR as demand from technology customers remained strong. For the first nine months of 2026, tonnage…
• Operating Expense TrendsImportance 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…
• Customs Brokerage Demand GrowthImportance 47 · Surprise 48
  Customs brokerage and other services revenues increased 29% in the third quarter and 25% in the first nine months of 2026, driven by more numerous and complex customs clearances as well as road freight and warehousing…
• Income Tax Rate ChangesImportance 46 · Surprise 56
  The consolidated effective income tax rate was 23.1% for the third quarter of 2026, down from 25.2% in the third quarter of 2025, and 24.4% for the first nine months, down from 26.6%. Income tax expense nevertheless…
• Headcount / RestructuringImportance 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…
• Liquidity and Cash PositionImportance 42 · Surprise 14
  At September 30, 2026, working capital was $1.662 billion, including $1.092 billion of cash and cash equivalents, and the company had no long-term obligations or debt other than recorded lease liabilities. Operating…
• Trade Policy and TariffsImportance 40 · Surprise 42
  Beginning in 2025, the United States initiated significant tariff actions affecting imports from various countries and industries, with additional measures, retaliatory actions, enforcement initiatives and legal…
• Order Management ExpansionImportance 36 · Surprise 40
  Order management revenues increased 17% in both the third quarter and first nine months of 2026, with expenses increasing 19% and 18%, respectively. The growth reflected higher volumes from new and existing customers,…
• Capital ExpendituresImportance 33 · Surprise 38
  Capital expenditures in the third quarter of 2026 were part of $18 million in cash used in investing activities, compared with $10 million in the prior-year quarter. For the first nine months, cash used in investing…
• Inflationary Cost PressuresImportance 19 · Surprise 6
  The Company reports elevated inflation beginning in 2021 and continuing into 2026 in many countries, including the United States. It says this has contributed to rising labor costs, service-provider rates, rent and…
• FX / Currency HeadwindsImportance 18 · Surprise 14
  The Company transacts in multiple currencies and says currency controls in some countries limit its ability to hedge foreign-exchange exposure; it had no foreign-currency derivatives outstanding at September 30, 2026.…

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