Expeditors International of Washington, Inc. announced its third quarter 2026 financial results on November 3, 2026. The company reported diluted earnings per share (EPS) of $2.65 for the quarter, a 62% increase compared to the same period in 2025.
Key financial metrics for the three months ended September 30, 2026, included:
- Revenues: $4.1 billion, up 42% year-over-year.
- Net Earnings Attributable to Shareholders: $345 million, up 55% year-over-year.
- Operating Income: $445 million, up 55% year-over-year.
Operating efficiency improved to 36.7%, exceeding the company's historical target of 30%. The company noted that revenue growth outpaced headcount growth, which increased by only 1%.
Operational volume data showed airfreight tonnage increased 13% and ocean container volume increased 7% compared to the prior year. Management attributed the growth in airfreight to strong demand from South Asia and hyperscalers, while ocean volume growth was supported by Asia export markets despite port congestion caused by typhoons.
Expeditors returned $197 million to shareholders through share repurchases during the third quarter. For the first nine months of 2026, total shareholder returns reached $946 million, comprised of $946 million in dividends and $197 million in share repurchases.
The company plans to hold an Investor Day in New York City on the morning of Wednesday, November 18, 2026.
