Form 10-Q · Quarterly report
Expeditors International 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0000746515
- Accession no.
- 0001193125-26-446859
Summary
Expeditors International reported third-quarter 2026 revenue rose 42% and operating income rose 55% from a year earlier, with earnings per share up 62% to $2.65, driven by demand from technology customers investing in AI infrastructure. The company said new U.S. tariffs imposed in July 2026 and Middle East conflict disruptions continued to create uncertainty for global trade flows and its operations.
Key points
- Expeditors International revenue rose 42% and operating income rose 55% in the third quarter of 2026 versus the same period in 2025, with airfreight, road freight, and warehousing and distribution services benefiting from technology customer demand for AI infrastructure.
- Ocean containers shipped increased 7%, primarily in Asia, and ocean operating results benefited from higher average buy and sell rates amid strong demand and capacity constraints at Asian ports.
- Net earnings to shareholders increased 55% and earnings per share rose 62% to $2.65; cash from operating activities was $213 million, and the company repurchased $197 million of common stock during the quarter.
- The company said U.S. tariff actions begun in 2025 and new broad tariffs imposed in July 2026 continued to create uncertainty for trade flows, and that Middle East conflict and the closure of the Strait of Hormuz disrupted its offices in Qatar, Bahrain, Kuwait, Lebanon, Oman, Saudi Arabia, and the United Arab Emirates starting in late February 2026.
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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