Earnings Releases·Nov 3, 2026, 1:08 PM ET

Expeditors International of Washington, Inc. — Third Quarter 2026 Earnings Summary

Revenue grew 42% year-over-year to $4.1 billion for the quarter and 27% to $10.4 billion for the nine-month period, while diluted EPS rose 62% to $2.65 and net earnings increased 55% to $345 million.
Operating efficiency reached 36.7%, exceeding the 30% historical target, driven by a scalable model that delivered 42% revenue growth with only a 1% increase in headcount.
The company returned $946 million to shareholders year-to-date via $840 million in share repurchases and dividends, with total assets rising to $5.79 billion.
Management anticipates persistent supply chain congestion and geopolitical risks through the remainder of 2026, while continuing high-return investments in AI and technology to decouple headcount from revenue growth.
Strategic momentum is evident with double-digit revenue growth across all major segments, hyperscaler demand outpacing the market, and an Investor Day scheduled for November 18, 2026.