Earnings ·
Expeditors International reports Q2 diluted EPS of $2.03, up 51%, on revenue growth to $3.5 billion
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.