Filing Flows › Expeditors International of Washington (EXPD) › Q1 2026
Expeditors International of Washington (EXPD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Expeditors International of Washington (EXPD) reported revenue of $2.8B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before. Operating margin was 10.6%, net earnings $230M (8.3% of revenue).
Expeditors International of Washington, Q1 2026: revenue $2.8B (+4% year over year), operating margin 10.6%, net earnings $230M, operating cash flow $309M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -3% | +4% |
| Operating profit | $295M | +18% | +11% |
| Net earnings | $230M | +14% | +13% |
| Operating cash flow | $309M | +9% | -10% |
| Free cash flow | $297M | +10% | -10% |
What changed
Revenue was $2.8B in Q1 2026, up 4% year over year and down 3% from the previous quarter. Customs Brokerage and Other Services was the largest line at 41% of revenue. Customs Brokerage and Other Services added $0.17B year over year (up 17%), 146% of the total change. Ocean Freight and Ocean Services declined 23%.
Operating profit was $0.29B, a 10.6% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 25% reached operating profit, above the 10% margin then. Total costs grew 4% against revenue growth of 4%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $0.23B, up 13% year over year. The effective tax rate was 24.9%.
Operating cash flow was $0.31B (down 10% year over year), 134% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.01B left free cash flow of $0.30B.
Questions
What was Expeditors International of Washington's revenue in the first quarter 2026?
Expeditors International of Washington (EXPD) reported revenue of $2.8B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before.
Was Expeditors International of Washington profitable in the first quarter 2026?
Operating profit was $295M (10.6% of revenue) and net earnings $230M.
Source: Expeditors International of Washington 10-Q on SEC EDGAR.