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Expeditors International of Washington (EXPD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Expeditors International of Washington (EXPD) Q3 2026 earnings results →
Q3 2026 Revenue up 42% year over year to $4.1B · 8¢ of every $1 of revenue kept as net profit · operating margin 10.8%
Expeditors International of Washington made $4.1B in Q3 2026 (+42% Y/Y): Airfreight Services $1.5B, Customs Brokerage and Other Services $1.5B, Ocean Freight and Ocean Services $1.1B. Operating margin 10.8%, net earnings $345M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $4.1B in Q3 2026, up 42% year over year and up 17% from the previous quarter. Airfreight Services was the largest line at 38% of revenue. Airfreight Services added $0.52B year over year (up 51%), 43% of the total change.
Operating profit was $0.45B, a 10.8% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 13% reached operating profit, above the 10% margin then. Total costs grew 40% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+41%). Net earnings were $0.34B, up 55% year over year. The effective tax rate was 23.1%.
Operating cash flow was $0.21B (up 6% year over year), 62% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.02B left free cash flow of $0.19B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $4.1B | +42% | 10.8% | $345M | $213M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $3.5B | +32% | 10.0% | $267M | $179M |
| Q1 2026 | 10-Q | May 6, 2026 | $2.8B | +4% | 10.6% | $230M | $309M |
| Q4 2025 | 10-K | Feb 25, 2026 | $2.9B | -3% | 8.8% | $201M | $283M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $2.9B | -4% | 10.0% | $223M | $201M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $2.7B | +9% | 9.3% | $184M | $179M |
| Q1 2025 | 10-Q | May 8, 2025 | $2.7B | +21% | 10.0% | $204M | $343M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Expeditors International of Washington
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
In its own words, from its 8-K, filed Aug 4, 2026.
Expeditors International of Washington against its Arrangement of Transportation of Freight & Cargo peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +42% against the peers' median +18%. Operating margin: 10.8% against the peers' median 4.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXPD Expeditors International of Washington | Q3 2026 | $4.1B | +42% | 10.8% |
| CHRW C. H. Robinson Worldwide | Q3 2026 | $5.4B | +30% | 5.1% |
| BCO Brinks | Q3 2026 | $1.4B | +3% | 9.5% |
| HUBG Hub Group | Q3 2025 | $934M | -5% | 4.2% |
| FWRD Forward Air | Q2 2026 | $673M | +9% | -29.9% |
| RLGT Radiant Logistics | Q4 FY26 | $261M | +18% | 3.3% |
| SGLY Singularity Future Technology | Q4 FY26 | $834K | +76% | -59.7% |
| QNME Quanome Technologies | Q4 FY26 | $742K | -64% | -915.5% |
Source: Expeditors International of Washington 10-Q on SEC EDGAR · CIK 746515 · Arrangement of Transportation of Freight & Cargo
Guidance and outlook
13F: who owns EXPD and who is buying
More on EXPD
- How Expeditors International of Washington makes money: revenue by segment
- Expeditors International of Washington next earnings date and what analysts expect
- Expeditors International of Washington stock forecast, price target and fair value
- Who owns Expeditors International of Washington stock: holders, funds and Congress trades
- Expeditors International of Washington guidance and outlook
- Is Expeditors International of Washington a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Expeditors International of Washington operating margin by quarter
- Expeditors International of Washington net income by quarter
- Expeditors International of Washington free cash flow by quarter
- Expeditors International of Washington capital expenditures by quarter
- Expeditors International of Washington Airfreight Services revenue by quarter
- Expeditors International of Washington Customs Brokerage and Other Services revenue by quarter
- Expeditors International of Washington Ocean Freight and Ocean Services revenue by quarter