Earnings ·
Expeditors International of Washington reported second quarter 2026 financial results on August 4, 2026
EXPDExpeditors International of Washington Inc
Expeditors International of Washington reported second quarter 2026 financial results on August 4, 2026. Diluted earnings per share increased 51% to $2.03, while net earnings rose 45% to $266 million. Revenues grew 32% to $3.5 billion and operating income increased 41% to $350 million. The company recorded a $25 million pretax restructuring charge related to its Global Technology team, partially offset by a $16 million gain on the sale of an underutilized property. Airfreight tonnage rose 14%, while ocean container volume remained flat year-over-year but increased 7% sequentially. Expeditors returned $461 million in dividends and share repurchases during the quarter. The company operates in the global logistics industry, providing air and ocean freight forwarding, customs brokerage, warehousing, and distribution services.