AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 32% YoY to $3.50B as airfreight surged 57% on strong AI-infrastructure-driven tech customer demand, pushing operating income up 41% to $349.6M.
Biggest Revenue Drivers
Airfreight services$1,494.8M+57% YoY
44% and 45% increases in average sell and buy rates plus 14% higher tonnage, driven by strong technology-sector demand for AI infrastructure
Customs brokerage and other services$1,296.6M+27% YoY
Increases in number and complexity of customs clearances, road freight and warehousing/distribution sustained by AI infrastructure investment
Biggest Revenue Drivers
Total revenue: $3.50B+32% YoY
Airfreight services$1,494.8M+57% YoY
44% and 45% increases in average sell and buy rates plus 14% higher tonnage, driven by strong technology-sector demand for AI infrastructure
Customs brokerage and other services$1,296.6M+27% YoY
Increases in number and complexity of customs clearances, road freight and warehousing/distribution sustained by AI infrastructure investment
Ocean freight and ocean services$710.9M+5% YoY
Average buy and sell rates and containers shipped began increasing in the latter part of the quarter after three consecutive quarters of declines
Largest Expense Items
Airfreight services expenses$1,134.8M+62% YoY
Higher buy rates and tonnage, with buy rate increases most significant on exports out of North Asia, South Asia and Europe amid Middle East capacity constraints
Customs brokerage and other services expenses$750.2M+31% YoY
Tracks higher volume and complexity of customs clearances and related services
Salaries and related costs$573.7M+22% YoY
4% headcount growth, higher base salaries, higher incentive compensation from improved results, and Global Technology restructuring termination costs
Ocean freight and ocean services expenses$531.9M+10% YoY
Buy rate increases outpaced ability to pass through higher sell rates during the quarter due to timing and buy rate mix
Margins: Operating income grew 41% YoY to $349.6M, outpacing revenue growth of 32%, though salaries rose 22% partly due to $25M in Global Technology restructuring charges, offset by a $16M gain on a property sale within other expenses.
Watch Items from the Filing
Global Technology group restructuring: ~$27M total expected charges, with $25M already recognized in Q2 2026 salaries expense and the remainder expected in the second half of 2026.
New U.S. tariffs were broadly imposed across a variety of countries in July 2026, adding to trade policy uncertainty that the company says could reduce airfreight volumes in coming quarters.
Middle East conflict and closure of the Strait of Hormuz have disrupted offices in Qatar, Bahrain, Kuwait, Lebanon, Oman, Saudi Arabia and UAE since late February 2026, though H1 2026 financial impact on the MAIR region was not material.
New $3.0B share repurchase program became effective July 1, 2026 after the prior program completed; the company repurchased $355M of stock and paid $106M in dividends in Q2 2026 alone.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Alger Glenn MReporting ownerGrant or award · May 5, 2026
Congress trading in EXPD
3 transactions in EXPD reported by 2 members of Congress under the STOCK Act, most recent trade Jul 2, 2024. Reported transactions, not recommendations.
About EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD): stock profile, AI score and financials
EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores EXPD at 66.2/100 on a composite quality score built from its SEC filings, placing it at rank #422 of 2,925 stocks — the top 25% of the AI-ranked universe. EXPD scores in the top quartile across balance sheet strength (95.3), revenue scale (87.7). Areas of concern include earnings quality (37.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), EXPEDITORS INTERNATIONAL OF WASHINGTON INC reports quarterly revenue of $3.5B, net income of $266.2M, an operating margin of 10.0%. Top institutional holders of EXPD by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. EXPD trades on the NYSE exchange and files with the SEC under CIK 746515. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EXPD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EXPEDITORS INTERNATIONAL OF WASHINGTON INC directly from SEC EDGAR.