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EXPD · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 32.1% y/y to $3.50B, operating margin 10.0% vs 9.3%, net income $266M (+45.0% y/y).
Net earnings attributable to shareholders
$266M
up 45.0% y/y
Total revenues
$3,502M
up 32.1% y/y
Operating income
$350M
up 41.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Airfreight services | $1,495 · +57.1% |
| Ocean freight and ocean services | $711 · +5.2% |
| Customs brokerage and other services | $1,297 · +26.6% |
| Total revenues | $3,502 · +32.1% |
| Airfreight services | $1,135 · +62.5% |
| Ocean freight and ocean services | $532 · +10.0% |
| Customs brokerage and other services | $750 · +31.3% |
| Salaries and related | $574 · +21.7% |
| Rent and occupancy | $68.4 · +4.1% |
| Depreciation and amortization | $12.7 · −8.3% |
| Selling and promotion | $9.9 · −0.3% |
| Other | $71.2 · −20.9% |
| Operating income | $350 · +41.1% · 10.0% margin |
| Interest income | $6.8 · −25.7% |
| Other, net | $2 · +92.6% |
| Earnings before income taxes | $358 · +39.0% |
| Income tax expense | $91.2 · +23.2% · 25.4% effective rate |
| Less net earnings attributable to the noncontrolling interest | $1 · +199% |
| Net earnings attributable to shareholders | $266 · +45.0% · $2.03/sh · 7.6% margin |
Verdict: revenue grew 32.1% y/y to $3.50B, operating margin 10.0% vs 9.3%, net income $266M (+45.0% y/y).
Source and notation
Source: Expeditors International of Washington press release, 8-K EX-99.1 of 08/04/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: EXPD, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “EXPD Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/expd/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/expd/q2-2026"><img src="https://whoreportstoday.com/t/expd/q2-2026/sankey.png" alt="EXPD Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/expd/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/expd/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/expd/q2-2026">EXPD Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $350M, a 10.0% margin vs 9.3% a year earlier.
- The effective tax rate was 25.4% vs 28.7% a year earlier.
- Diluted EPS was $2.03 vs $1.34 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
EXPD — an American third-party logistics company that buys cargo space from airlines, ocean carriers and truckers in volume and resells it to shippers, without owning aircraft or ships.
It earns money from airfreight, ocean freight and customs brokerage and related services such as warehousing. Its operating segments are geographic areas: Americas, North Asia, South Asia, Europe, and Middle East, Africa and India. · Source: annual report (Form 10-K, SEC)
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