Form 10-Q · Quarterly report
Expeditors International 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0000746515
- Accession no.
- 0001193125-26-334457
Summary
Expeditors International reported second-quarter 2026 revenues up 32% and earnings per share up 51% to $2.03 versus a year earlier, with airfreight services revenue up 57% on demand from technology customers building AI infrastructure. The company announced a restructuring of its Global Technology group incurring $25 million in related expenses, and noted that a February 2026 U.S. Supreme Court ruling invalidated 2025 IEEPA tariffs while new U.S. tariffs were broadly imposed in July 2026.
Key points
- Operating income rose 41% and net earnings to shareholders rose 45% compared with the second quarter of 2025.
- Ocean freight and ocean services revenue increased 5% as average buy and sell rates and containers shipped began rising late in the quarter after three consecutive quarters of declines.
- Cash from operating activities was $179 million, and $461 million was returned to shareholders through stock repurchases and dividends.
- The conflict with Iran and the closure of the Strait of Hormuz disrupted operations in Qatar, Bahrain, Kuwait, Lebanon, Oman, Saudi Arabia and the United Arab Emirates, though the first-half 2026 financial impact on the MAIR region was not material.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Expeditors International of Washington, Inc. (herein referred to as "Expeditors," the "Company," "we," "us," "our") provides a full suite of global logistics services. Our services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. We do not compete for overnight courier or small parcel business. As a non-asset-based carrier, we do not own or operate transportation assets. …
An excerpt of the text as filed with the SEC, cut for length.
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