Filing Flows › Expeditors International of Washington (EXPD) › Q2 2026
Expeditors International of Washington (EXPD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Expeditors International of Washington (EXPD) reported revenue of $3.5B for the second quarter 2026 (Q2 2026), +32% from a year earlier and +26% from the quarter before. Operating margin was 10.0%, net earnings $267M (7.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +26% | +32% |
| Operating profit | $350M | +19% | +41% |
| Net earnings | $267M | +16% | +45% |
| Operating cash flow | $179M | -42% | -0.3% |
| Free cash flow | $167M | -44% | +2% |
What changed
Revenue was $3.5B in Q2 2026, up 32% year over year and up 26% from the previous quarter. Airfreight Services was the largest line at 43% of revenue. Airfreight Services added $0.54B year over year (up 57%), 64% of the total change.
Operating profit was $0.35B, a 10.0% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 12% reached operating profit, above the 9% margin then. Total costs grew 31% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $0.27B, up 45% year over year. The effective tax rate was 25.4%.
Operating cash flow was $0.18B (roughly flat year over year), 67% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.01B left free cash flow of $0.17B.
Questions
What was Expeditors International of Washington's revenue in the second quarter 2026?
Expeditors International of Washington (EXPD) reported revenue of $3.5B for the second quarter 2026 (Q2 2026), +32% from a year earlier and +26% from the quarter before.
Was Expeditors International of Washington profitable in the second quarter 2026?
Operating profit was $350M (10.0% of revenue) and net earnings $267M.
Source: Expeditors International of Washington 10-Q on SEC EDGAR.