Quarterly ResultMay 5, 2026, 11:16 AM
Expeditors Q1 2026 EPS $1.71, Revenue $2.8B
AI Summary
Expeditors International of Washington, Inc. reported strong first-quarter 2026 financial results, with diluted EPS increasing 16% to $1.71 and net earnings attributable to shareholders rising 13% to $230 million. The company achieved an 11% increase in operating income to $295 million and a 4% rise in revenues to $2.8 billion, despite significant disruption in the Middle East during the quarter. Airfreight tonnage grew 5%, and customs brokerage and other services saw double-digit revenue growth, while ocean container volume declined 4%. The company also returned $288 million to shareholders through share repurchases.
Key Highlights
- Diluted EPS increased 16% to $1.71 in Q1 2026.
- Net Earnings Attributable to Shareholders increased 13% to $230 million.
- Operating Income increased 11% to $295 million.
- Revenues increased 4% to $2.8 billion.
- Airfreight tonnage increased 5%, while ocean container volume decreased 4%.
- Customs, Transcon, Distribution, and Order Management achieved double-digit revenue growth.
- The company repurchased $288 million in shares during Q1 2026.
- Cash generated from operations was $309 million.