Filing Flows › Expeditors International of Washington (EXPD) › Q3 2026
Expeditors International of Washington (EXPD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Expeditors International of Washington (EXPD) reported revenue of $4.1B for the third quarter 2026 (Q3 2026), +42% from a year earlier and +17% from the quarter before. Operating margin was 10.8%, net earnings $345M (8.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +17% | +42% |
| Operating profit | $445M | +27% | +55% |
| Net earnings | $345M | +29% | +54% |
| Operating cash flow | $213M | +19% | +6% |
| Free cash flow | $194M | +17% | +2% |
What changed
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.
Questions
What was Expeditors International of Washington's revenue in the third quarter 2026?
Expeditors International of Washington (EXPD) reported revenue of $4.1B for the third quarter 2026 (Q3 2026), +42% from a year earlier and +17% from the quarter before.
Was Expeditors International of Washington profitable in the third quarter 2026?
Operating profit was $445M (10.8% of revenue) and net earnings $345M.
Source: Expeditors International of Washington 10-Q on SEC EDGAR.