Quarterly ResultAug 5, 2026, 01:01 PM
Expeditors Q2 Revenue $3.50B, EPS $2.03; Authorizes $3B Buyback
AI Summary
Expeditors International reported strong second-quarter 2026 financial results, with revenues increasing to $3.50 billion and diluted earnings per share rising to $2.03. Net earnings attributable to shareholders grew significantly to $266.2 million. The company also authorized a new $3.0 billion share repurchase program and declared an increased semi-annual dividend of $0.81 per share. A Global Technology restructuring was announced, incurring $25 million in costs during the quarter.
Key Highlights
- Q2 2026 Revenues increased 32.1% to $3.50 billion from $2.65 billion YoY.
- Q2 2026 Diluted EPS rose 51.5% to $2.03 from $1.34 YoY.
- Net earnings attributable to shareholders grew 44.9% to $266.2 million.
- New share repurchase program authorized for up to $3.0 billion.
- Semi-annual dividend declared at $0.81 per share, up from $0.77.
- Global Technology restructuring incurred $25 million in Q2 2026.
- Effective income tax rate decreased to 25.4% in Q2 2026 from 28.7% YoY.
- Total assets increased to $5.13 billion at June 30, 2026.
Price Impact
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