Expeditors International of Washington, Inc. (EXPD) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Expeditors published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Expeditors reports in thousands of dollars; figures here are converted to millions. It reports only GAAP results and no adjusted EPS.
• Expeditors' geographic segments are United States, Other North America, Latin America, North Asia, South Asia, Europe, and Middle East, Africa and India. The service split shown here is from its statement of earnings.

Source: Expeditors Q3 2026 results (Form 8-K, Exhibit 99.1), November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Expeditors splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Expeditors's Airfreight services revenue was $1.5 billion in Q3 2026, up 51% from $1.0 billion in Q3 2025, 38% of total revenue.
• Expeditors's Ocean freight and ocean services revenue was $1.1 billion in Q3 2026, up 48% from $746 million in Q3 2025, 27% of total revenue.
• Expeditors's Customs brokerage and other services revenue was $1.5 billion in Q3 2026, up 29% from $1.1 billion in Q3 2025, 36% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Expeditors's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Expeditors' Q3 2026 revenues rose 42% to $4,107.6 million from $2,894.8 million. Airfreight services brought in $1,544.7 million, customs brokerage and other services $1,460.1 million, and ocean freight and ocean services $1,102.8 million. (Expeditors Q3 2026 release, Nov 3, 2026)

Expeditors put most of the airfreight gain down to price. Airfreight revenues rose 51% on increases of 38% in average sell rates and a 13% increase in tonnage, as carrier buy rates rose with the conflict in the Middle East constraining capacity and higher jet fuel prices. The release says hyperscaler demand, including shipments from Tier 1 and Tier 2 suppliers supporting AI infrastructure, was a significant driver of volume growth, led by exports from South Asia. (Expeditors Form 10-Q, Q3 2026, Nov 4, 2026; Expeditors Q3 2026 release, Nov 3, 2026)

Ocean freight and ocean services revenues rose 48%. Ocean freight consolidation, 67% of that line over the first nine months, grew 63% on a 52% rise in average sell rates and a 7% increase in containers shipped, after typhoons congested major Asian ports and transshipment hubs. Customs brokerage and other services revenues rose 29% on more and more complex customs clearances, tariff-related fees, road freight and warehousing and distribution. (Expeditors Form 10-Q, Q3 2026, Nov 4, 2026; Expeditors Q3 2026 release, Nov 3, 2026)

Expeditors is a non-asset-based logistics provider: it does not own or operate transportation assets and buys capacity from air, ocean and ground carriers. No single customer accounts for five percent or more of its revenues. By geography, the United States contributed $1,339.7 million of Q3 revenues, North Asia $1,033.8 million and South Asia $691.8 million. (Expeditors Form 10-K, 2025, Feb 25, 2026; Expeditors Q3 2026 release, Nov 3, 2026)

Expeditors' diluted EPS rose 62% to $2.65 from $1.64 in Q3 2026. Expeditors reports only GAAP figures, so there is no adjusted EPS line. Operating income rose 55% to $445.4 million, while salaries and other operating expenses rose 15% and headcount increased only 1% from prior year. (Expeditors Q3 2026 release, Nov 3, 2026)

A lower tax rate and fewer shares added to the gain. The effective income tax rate was 23.1%, against 25.2% a year earlier, which Expeditors attributed to a greater U.S. tax benefit on licensing income earned from foreign markets, higher research and development credits and lower state taxes. Diluted weighted average shares fell to 130,117 thousand from 135,285 thousand. (Expeditors Form 10-Q, Q3 2026, Nov 4, 2026; Expeditors Q3 2026 release, Nov 3, 2026)

Expeditors repurchased 1.1 million shares at an average price of $178.36 in the quarter and 5.4 million shares over the first nine months. Cash returned to shareholders through repurchases and dividends was $197 million in Q3 and $946 million year to date. (Expeditors Q3 2026 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Expeditors does not publish a revenue or earnings outlook in its release. The Q3 2026 release says the company expects congestion and supply chain challenges to persist through the remainder of 2026, and that air capacity remains constrained by limited fleet expansion and new aircraft delivery delays. (Expeditors Q3 2026 release, Nov 3, 2026)

Expeditors answers investor questions in an 8-K titled "Responses to Selected Questions", using questions received by November 6, 2026, and planned an Investor Day in New York City on November 18, 2026. (Expeditors Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Expeditors, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Expeditors's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning EXPD is on is EXPD a buy or a sell?, what analysts expect next is on the EXPD forecast, and what the company does is on the Expeditors International of Washington, Inc. (EXPD) stock page.

Every number on this page can be traced to a document Expeditors published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.