Filing Flows › Expeditors International of Washington (EXPD) › How it makes money
How Expeditors International of Washington (EXPD) makes money
Expeditors International of Washington (EXPD) made $4.1B of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Airfreight Services brought in $1.5B (38%); Customs Brokerage and Other Services brought in $1.5B (36%); Ocean Freight and Ocean Services brought in $1.1B (27%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Airfreight Services | $1.5B | 37.6% | +3% | +51% |
| Customs Brokerage and Other Services | $1.5B | 35.5% | +13% | +29% |
| Ocean Freight and Ocean Services | $1.1B | 26.8% | +55% | +48% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.1B | 100.0% |
| Operating profit | $445M | 10.8% |
| Income tax | $104M | 2.5% |
| Net earnings | $345M | 8.4% |
| Operating cash flow | $213M | 5.2% |
| Free cash flow | $194M | 4.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.1B | +42% |
| Q2 2026 | $3.5B | +32% |
| Q1 2026 | $2.8B | +4% |
| Q4 2025 | $2.9B | -3% |
| Q3 2025 | $2.9B | -4% |
| Q2 2025 | $2.7B | +9% |
| Q1 2025 | $2.7B | +21% |
From Expeditors International of Washington's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Expeditors International of Washington make money?
Expeditors International of Washington (EXPD) made $4.1B of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Airfreight Services brought in $1.5B (38%); Customs Brokerage and Other Services brought in $1.5B (36%); Ocean Freight and Ocean Services brought in $1.1B (27%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.
What is Expeditors International of Washington's biggest business?
Airfreight Services: $1.5B in the third quarter 2026, 38% of revenue, +51% from a year earlier.
What is Expeditors International of Washington's profit margin?
Net earnings were $345M, 8.4% of revenue, in the third quarter 2026; the operating margin was 10.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.