Filing Flows › Expeditors International of Washington (EXPD) › Q3 2026 › vs Q3 2025
Expeditors International of Washington (EXPD) Q3 2026 vs Q3 2025 (year over year)
Expeditors International of Washington's revenue rose $1.2B (+42%) from $2.9B in Q3 2025 to $4.1B in Q3 2026. The biggest changes: Airfreight Services +$524M (+51%); Ocean Freight and Ocean Services +$357M (+48%); Customs Brokerage and Other Services +$332M (+29%). Operating margin 10.8% against 10.0% (+0.9 pts).
Expeditors International of Washington, Q3 2026: revenue $4.1B (+42% year over year), operating margin 10.8%, net earnings $345M, operating cash flow $213M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.8% | 10.0% | +0.9 pts |
| Net margin | 8.4% | 7.7% | +0.7 pts |
| Free cash flow margin | 4.7% | 6.6% | -1.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Airfreight Services | $1.5B | $1.0B | $524M | +51% |
| Customs Brokerage and Other Services | $1.5B | $1.1B | $332M | +29% |
| Ocean Freight and Ocean Services | $1.1B | $746M | $357M | +48% |
| Revenue | $4.1B | $2.9B | $1.2B | +42% |
| Operating profit | $445M | $288M | $157M | +55% |
| Costs & expenses | $3.7B | $2.6B | $1.1B | +40% |
| Pre-tax earnings | $448M | $298M | $150M | +50% |
| Sales & marketing | $10.4M | $9.7M | $727K | +8% |
| Other operating costs | $3.7B | $2.6B | $1.1B | +41% |
| Net earnings | $345M | $223M | $121M | +54% |
| Income tax | $104M | $75.1M | $28.7M | +38% |
| Depreciation & amortization | $14.2M | $14.2M | −$68K | -0.5% |
| Share-based compensation | $16.0M | $18.0M | −$2.0M | -11% |
| Working capital & other | $162M | $54.0M | $108M | +200% |
| Operating cash flow | $213M | $201M | $11.2M | +6% |
| Free cash flow (OCF − capex) | $194M | $190M | $4.0M | +2% |
| Capital expenditures | $18.3M | $11.1M | $7.2M | +65% |
Questions
How much did Expeditors International of Washington's revenue grow year over year in Q3 2026?
Expeditors International of Washington's revenue rose $1.2B (+42%) from $2.9B in Q3 2025 to $4.1B in Q3 2026.
What drove Expeditors International of Washington's revenue change in Q3 2026?
Airfreight Services +$524M (+51%); Ocean Freight and Ocean Services +$357M (+48%); Customs Brokerage and Other Services +$332M (+29%).