Filing Flows › Expeditors International of Washington (EXPD) › Q2 2026 › vs Q2 2025
Expeditors International of Washington (EXPD) Q2 2026 vs Q2 2025 (year over year)
Expeditors International of Washington's revenue rose $850M (+32%) from $2.7B in Q2 2025 to $3.5B in Q2 2026. The biggest changes: Airfreight Services +$543M (+57%); Customs Brokerage and Other Services +$272M (+27%); Ocean Freight and Ocean Services +$35.1M (+5%). Operating margin 10.0% against 9.3% (+0.6 pts).
Expeditors International of Washington, Q2 2026: revenue $3.5B (+32% year over year), operating margin 10.0%, net earnings $267M, operating cash flow $179M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.0% | 9.3% | +0.6 pts |
| Net margin | 7.6% | 6.9% | +0.7 pts |
| Free cash flow margin | 4.8% | 6.2% | -1.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Airfreight Services | $1.5B | $952M | $543M | +57% |
| Customs Brokerage and Other Services | $1.3B | $1.0B | $272M | +27% |
| Ocean Freight and Ocean Services | $711M | $676M | $35.1M | +5% |
| Revenue | $3.5B | $2.7B | $850M | +32% |
| Operating profit | $350M | $248M | $102M | +41% |
| Costs & expenses | $3.2B | $2.4B | $749M | +31% |
| Pre-tax earnings | $358M | $258M | $100M | +39% |
| Sales & marketing | $9.9M | $9.9M | −$34K | -0.3% |
| Other operating costs | $3.1B | $2.4B | $749M | +31% |
| Net earnings | $267M | $184M | $83.3M | +45% |
| Income tax | $91.2M | $74.0M | $17.2M | +23% |
| Depreciation & amortization | $12.7M | $13.8M | −$1.2M | -8% |
| Share-based compensation | $32.2M | $27.3M | $4.9M | +18% |
| Working capital & other | $134M | $45.8M | $87.7M | +191% |
| Operating cash flow | $179M | $179M | −$572K | -0.3% |
| Free cash flow (OCF − capex) | $167M | $163M | $3.3M | +2% |
| Capital expenditures | $12.0M | $15.9M | −$3.9M | -24% |
Questions
How much did Expeditors International of Washington's revenue grow year over year in Q2 2026?
Expeditors International of Washington's revenue rose $850M (+32%) from $2.7B in Q2 2025 to $3.5B in Q2 2026.
What drove Expeditors International of Washington's revenue change in Q2 2026?
Airfreight Services +$543M (+57%); Customs Brokerage and Other Services +$272M (+27%); Ocean Freight and Ocean Services +$35.1M (+5%).