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Boomfish Wealth Group LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 91.8% during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,633 shares of the transportation company's stock after selling 18,307 shares during the quarter. Boomfish Wealth

Expeditors International of Washington, Inc. (EXPD) U.S. Customs Market Update Prepared Remarks Transcript

Investors interested in stocks from the Transportation - Services sector have probably already heard of Grupo Aeroportuario del Centro Norte (OMAB - Free Report) and Expeditors International (EXPD - Free Report) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Right now, both Grupo Aeroportuario del Centro Norte and Expeditors International are sporting a Zacks Rank of #2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. But this is only part of the picture for value investors.

Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

OMAB currently has a forward P/E ratio of 13.23, while EXPD has a forward P/E of 24.81. We also note that OMAB has a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. EXPD currently has a PEG ratio of 1.49.

Another notable valuation metric for OMAB is its P/B ratio of 7.3. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, EXPD has a P/B of 11.77.

These are just a few of the metrics contributing to OMAB's Value grade of B and EXPD's Value grade of D.

Both OMAB and EXPD are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that OMAB is the superior value option right now.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

#1 (Strong Buy) stocks have produced an unmatched +23.86% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Expeditors International (EXPD - Free Report) Expeditors International of Washington, Inc. is a leading third-party logistics (3PL) provider. The company, based in Bellevue, WA, is engaged in the business of global logistics management worldwide, including international freight forwarding and consolidation, for both air and ocean freight.

EXPD is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Transportation stock. EXPD has a Momentum Style Score of A, and shares are up 3.1% over the past four weeks.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.04 to $7.69 per share. EXPD also boasts an average earnings surprise of +17.2%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EXPD should be on investors' short list.

EXPD benefits from resilient airfreight demand, rising customs activity, efficiency gains and robust shareholder returns.

State Street Corp increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,335,241 shares of the transportation company’s stock after acquiring an additional 109,798 shares during the quarter. State Street Corp owned about 5.64% of Expeditors International of Washington worth $1,195,498,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXPD. SkyView Investment Advisors LLC purchased a new position in Expeditors International of Washington during the 2nd quarter worth approximately $163,000. Tidal Investments LLC grew its position in Expeditors International of Washington by 6.4% during the 2nd quarter. Tidal Investments LLC now owns 19,106 shares of the transportation company’s stock worth $3,114,000 after purchasing an additional 1,148 shares during the last quarter. Engineers Gate Manager LP increased its stake in Expeditors International of Washington by 21.6% in the second quarter. Engineers Gate Manager LP now owns 46,565 shares of the transportation company’s stock valued at $7,589,000 after purchasing an additional 8,283 shares during the period. RFG Advisory LLC increased its stake in Expeditors International of Washington by 3.5% in the second quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 64 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Expeditors International of Washington by 7.3% in the second quarter. NewEdge Advisors LLC now owns 5,996 shares of the transportation company’s stock valued at $977,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades EXPD has been the topic of a number of research reports. Truist Financial raised their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Barclays boosted their price objective on shares of Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Finally, TD Cowen raised their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $168.78.

Check Out Our Latest Stock Analysis on Expeditors International of Washington Expeditors International of Washington stock opened at $187.60 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $112.94 and a fifty-two week high of $194.59. The stock has a fifty day moving average of $183.69 and a two-hundred day moving average of $164.56. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 5.00 and a beta of 1.06.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Profile (Free Report)

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

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Expeditors International of Washington, Inc. (EXPD) Discusses EEI Basics and Third Party Screening in Trade Compliance Webinar September 22, 2026 11:00 AM EDT

Company Participants

Kahnee Rodriguez
Sila Barr
Sarah Smith - Trade Compliance & Customs Compliance Manager - Houston
Nathalia Juan

Presentation

Unknown Executive

All right. I think we'll let people keep trickling in here, and we'll get started. So welcome, everyone, to your -- Getting It Right: EEI Basics and Denied Party Screening webinar. We are super excited for you guys to be here. There's some great content prepared. Before I kick it off to our host or our speakers to prepare the content, we will just make sure that we have some housekeeping items out of the way.

I am your host, Alex, along with Nathalia Juan and Cherokee Ford. So we will be in the background just monitoring everything. If you have any questions, you can direct them to us afterwards. But content-wise, we expect we'll be about 45 to 50 minutes with a little bit of time at the end for questions. Please submit your questions in the Q&A box that should be on the bottom of your screen by the react in the chat in the Q&A. So direct your questions there. We'll be monitoring throughout as we go, but we will be answering them at the end. If we don't answer your question for whatever reason, we will make sure that we'll be able to follow up with you. The webinar will be recorded, and you will get access to a recording of the materials right when we send a feedback survey after the webinar. So that is -- should come out within a couple of hours after we're done. You'll see that invite come from Cherokee Ford.

We really appreciate you guys taking the

Corient Private Wealth LP lessened its stake in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,206 shares of the transportation company's stock after selling 8,819 shares during the quarter.

California State Teachers Retirement System boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 12,384.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,489,447 shares of the transportation company’s stock after purchasing an additional 40,165,136 shares during the quarter. California State Teachers Retirement System owned 31.15% of Expeditors International of Washington worth $6,598,970,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at about $28,000. DV Equities LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $30,000. Hara Capital LLC bought a new position in Expeditors International of Washington in the second quarter worth $33,000. Finally, Continuum Advisory LLC bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $33,000. 94.02% of the stock is owned by institutional investors.

NASDAQ:EXPD opened at $188.29 on Thursday. The firm has a market cap of $24.48 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $192.28. The company’s 50-day moving average price is $179.86 and its two-hundred day moving average price is $161.73.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year. Wall Street Analysts Forecast Growth EXPD has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays upped their price objective on Expeditors International of Washington from $150.00 to $160.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus raised their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.78.

Check Out Our Latest Report on Expeditors International of Washington

About Expeditors International of Washington (Free Report)

Expeditors International of Washington, Inc is a global logistics and supply chain management company headquartered in Seattle, Washington. The company provides transportation and related services that help businesses move goods through international and domestic supply chains.

Its primary services include airfreight and ocean-freight forwarding, customs brokerage, cargo consolidation, warehousing and distribution, order management, and other supply chain solutions. Expeditors also offers technology-enabled shipment visibility and logistics coordination designed to support customers’ import, export, and distribution activities.

Founded in 1979, Expeditors serves a broad range of industries through a network of offices and facilities across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region.

See Also Five stocks we like better than Expeditors International of Washington Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report).

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Allianz Asset Management GmbH lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 44.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,352 shares of the transportation company’s stock after purchasing an additional 188,581 shares during the quarter. Allianz Asset Management GmbH owned about 0.47% of Expeditors International of Washington worth $99,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EXPD. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Hara Capital LLC acquired a new stake in Expeditors International of Washington during the second quarter worth about $33,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades Several equities analysts recently issued reports on EXPD shares. Citizens Jmp began coverage on shares of Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Bank of America raised their price target on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. TD Cowen lifted their price target on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, UBS Group upped their price target on Expeditors International of Washington from $191.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.78.

Check Out Our Latest Research Report on EXPD Expeditors International of Washington Price Performance NASDAQ EXPD opened at $188.60 on Tuesday. The company has a market cap of $24.52 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The stock’s 50 day simple moving average is $178.96 and its 200-day simple moving average is $161.21. Expeditors International of Washington, Inc. has a 1-year low of $112.94 and a 1-year high of $192.28.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

(Free Report)

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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Expeditors International of Washington, Inc. (EXPD) Discusses Impact of AI Investment Boom on Freight Markets and Global Supply Chains September 3, 2026 5:00 AM EDT

Company Participants

Olivia Tan Jia Yi
Suryo Nugroho
Adam Karson

Presentation

Olivia Tan Jia Yi

We will provide our AI outlook. So the AI boom has led to a physical build-out of chips, servers, data centers and power infrastructure globally and the speed and scale of this hardware build-out is actively reshaping supply chains and logistics strategies. So join our analysts today as we assess the impact of the AI boom to air and ocean freight markets, shipping lanes and discuss the longevity of this build-out. Now before we begin, we've seen a lot of interest in the application of AI to logistics operations, notably in shipment visibility and service improvements. So however, in this webinar, we'll focus instead on the impact of AI investment boom on freight markets and supply chains.

Before we begin with the content, there are just a few administrative details to cover. We will have about 45 minutes of content to share, and we will save the last 15 minutes for the Q&A session. Please submit your questions in the Q&A box, and we will do our best to address your questions during our Q&A session. A copy of the presentation, notably the slides will also be available later. To receive a copy of the presentation, please fill out the brief survey that will be e-mailed to you shortly after this webinar. And please visit our website as well and subscribe to receive information on Onex's future webinar. We would also like to invite you to explore our latest insights on LinkedIn and the VantagePoint blog, which features a mix of short updates and in-depth articles.

So please use the QR

Olivia Tan Jia Yi

Good morning, everyone, and welcome to our webinar today. My name is Olivia Tan, and I am a senior geopolitical analyst at Onyx. So we offer a different webinar topic each month. This time, we will provide our AI outlook. So, the AI boom has led to a physical buildout of chips, servers, data centers, and power infrastructure globally, and the speed and scale of this hardware build-out is actively reshaping supply chains and logistics strategies.

So, join our analysts today as we assess the impacts of the AI boom to air and ocean freight markets, shipping lanes, and discuss longevity of this build-out. Now before we begin, we've seen a lot of interest in the application of AI to logistics operations, notably in shipment visibility and service improvements. So, however, in this webinar we'll focus instead on the impact of the AI investment boom on freight markets and supply chains.

Before we begin with the content, there are just a few administrative details to cover. We will have about 45 minutes of content to share, and we will save the last 15 minutes for the Q&A session. [Operator Instructions] A copy of the presentation, notably the slides, will also be available later. To receive a copy of the presentation, please fill out the brief survey that will be e-mailed to you shortly after this webinar. And please visit our website as well and subscribe to receive information on Onyx's future webinar.

We would also like to invite you to explore our latest insights on LinkedIn and the Vantage Point

Expeditors International of Washington, Inc. (EXPD) Discusses Implications of U.S. Customs Enforcement Executive Order for Importers September 1, 2026 10:00 PM EDT

Company Participants

Wang Ping
Stephanie Holloway - Regional Customs Manager for the Americas
Madeleine Veigel - Senior Director of Customs for the Americas

Presentation

Wang Ping

Good morning, everyone. Well, welcome to our Series that's hosted by the Expeditors family and then from the customs brokerage team. So today, our session is really about breaking down the U.S. Customs Enforcement Executive Order. So why are we bringing topics for our audience today? That really is coming from the executive order that was issued in the 3rd of June this year on strengthening customs enforcement for the U.S. Customs. So that brought about quite a lot of inquiries. And as shippers and as active importers, we like to learn about what are some of the advice, what does that really mean for our customers.

So therefore, especially curated for our dear audience today, we are going to invite our guest speakers from the Americas, Vice President of Customs as well as the Directors of Customs Operations for Americas, Stephanie Holloway and Madeleine Veigel to join our session today. Just a little bit of housekeeping before we kick off today's session. First and foremost, [Operator Instructions] and we do have a Q&A session. In fact, you can also post the questions that you may have alongside during the session. So simply just submit those questions in the Q&A box that you can find in the control panel at the bottom of this webinar.

At the end of the session, yes, we would like for you to do a short survey for us upon completion, and that will be guided through locations where you could download the slides. Finally, so we do have several exciting webinar coming

Expeditors International of Washington, Inc. (EXPD) Discusses U.S. Customs Enforcement Executive Order and Implications for Trade Policy Transcript

Expeditors International of Washington, Inc. (EXPD) Discusses U.S. Customs Tariff and Trade Developments, Legal Challenges, and Enforcement Updates Prepared Remarks Transcript

BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced second quarter 2026 financial results including the following comparisons to the same quarter of 2025:

Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 51% to $2.03 Net Earnings Attributable to Shareholders increased 45% to $266 million Operating Income increased 41% to $350 million Revenues increased 32% to $3.5 billion Airfreight tonnage increased 14% and ocean container volume remained flat Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth for a second consecutive quarter Cash returned to shareholders in the form of share repurchases and dividends was $461 million and $748 million, respectively, for the second quarter and year-to-date period of 2026 Daniel R. Wall, President and Chief Executive Officer, commented:

“Our excellent performance this quarter, with double-digit growth across most of our products, is demonstrating that our strategy around operational excellence is working and allowing us to take market share. By focusing on increasing growth in each region, product, and district, we generated tremendous growth and diversification. Our sales, account management, and operations teams all executed extremely well globally this quarter to drive and support this momentum.

“In July we announced the expansion of our Critical Logistics Services (CLS) to include expanded global Aircraft on Ground (AOG) capabilities, further strengthening our presence in time-critical aviation and aerospace logistics. We also continue to invest in our facilities to expand our capacity to meet growing demand for temperature-controlled solutions. By focusing on high-growth markets, we will be able to better serve an even more diverse range of customer needs.”

Q2 2026 Operational Highlights

Airfreight services: “Air buy and sell rates were highly elevated during the quarter, as demand for air capacity continued to outweigh available space, particularly late in the quarter and driven largely by a reduction in passenger flights and constrained belly capacity due to the conflict in the Middle East, home to some of the world's largest commercial air cargo operators. Tonnage increased 14% compared to a year ago and was up 16% compared to Q1 2026, primarily from trade lanes that have been relatively unaffected by the conflict, particularly Asia-U.S. and Asia-Europe. The ongoing heavy demand from AI hyperscalers shows no sign of slowing down, and we have seen increased demand for freighter space, as some hyperscalers are requiring upper-deck access for their servers. In addition, e-commerce out of North Asia has been climbing closer to where it was before the U.S. government began restricting de minimis entries in Q2 2025, putting further pressure on capacity and rates. Given the current geopolitical state of the world and rising fuel costs along with tight capacity and routing challenges, air carriers are under enormous strain and may continue to be for some time.”

Ocean freight and ocean services: “Despite all of the complications impacting the ocean markets, the carriers have adapted well and managed capacity very carefully, driving an increase in rates particularly late in the quarter as demand also increased. As a result, we may be starting to see a flattening of the long downturn in the ocean market. Volumes increased 7% compared to Q1 2026, the first sequential increase since the third quarter of 2025. Strengthening demand combined with heightened pricing late in the quarter led to an increase in profitability per-container in Q2 2026.”

Customs brokerage and other services: “For a second consecutive quarter, customs and our other products within Customs brokerage and other services all generated double-digit growth from a diverse range of geographies and business sectors, led by demand from AI hyperscalers and other high-value technology customers. Our customs business benefited from tariff-related complexity, along with solid growth from new customers and increased declarations from existing customers. A temporary surge in IEEPA-related filings drove higher pricing, while cost discipline and productivity investments also helped improve our results.”

David A. Hackett, Senior Vice President and Chief Financial Officer, added:

“Our business performed exceptionally this quarter, and our pipeline of new business is very strong. Included in our results is a $25 million pretax restructuring charge related to our Global Technology team. This restructuring was done to modernize and reshape our Global Technology function for the future. While this was a strategic restructuring not driven by cost reduction, we expect it will lower our cost structure going forward by approximately $50 million annually, which equates to nearly 10% of our total corporate overhead expenses. We will continue making high-return investments, including additional investments in artificial intelligence and in our technology talent, capabilities, and solutions, consistent with our modernization strategy, to further increase our operating margins over the long term. The restructuring charge was partially offset by a $16 million gain on the sale of an underutilized property during the quarter.

“As shown above, our strategic investments continue to enhance productivity as our operating efficiency increased to 32.2% in Q2, inclusive of the restructuring charge and before the lower operating costs noted above take effect. In addition, our second quarter headcount remained essentially flat vs. the first quarter of 2026; these measures do not yet fully include the reduction in headcount from the restructuring activities, which will primarily be realized in the third quarter.”

Mr. Hackett noted that the Company returned $461 million in dividends and share repurchases during the quarter and $748 million in dividends and share repurchases for the first half of 2026.

2026 Investor Day

Expeditors plans to hold an Investor Day for its shareholders and analysts on the morning of Wednesday, November 18, 2026, in New York City.

About Expeditors International of Washington, Inc.:

Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

Disclaimer on Forward-Looking Statements:

Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding our ability to take market share, to strengthen our presence in time-critical aviation and aerospace logistics, to expand our capacity to meet growing demand for temperature-controlled solutions, and to better serve an even more diverse range of customer needs; the resilience of our non-asset-based model; strategies and solutions to keep customer freight moving out of and around impacted areas; our disciplined cost control; a strong pipeline of new business and diverse areas of growth; robust demand for our customs brokerage services; our ability to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability; and our ability to achieve benefits from restructuring our Global Technology team and from making investments in technology, including artificial intelligence to help drive productivity gains. Future financial performance could differ materially because of factors such as: geopolitical uncertainty; national policy changes on tariffs and other similar measures; new capacity in the marketplace; longer ocean transit times; e-commerce demand in the air market; volatile rates; the price of fuel or fuel shortages; our ability to deliver differentiated performance because of our customer service culture and compensation model; our ability to continue to process an increasing number of more complex customs clearances; and our ability to remain a strong, healthy, unified and resilient organization. Port actions, other labor disruptions, tariffs, and the current uncertainty in the global economy could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform, and potential litigation and contingencies, including risks associated with tax audits, as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.

  Expeditors International of Washington, Inc.

Second Quarter 2026 Earnings Release, August 4, 2026

Financial Summary for three and six months ended June 30, 2026 and 2025 (Unaudited)

(in 000's of US dollars except share data)

  Three months ended June 30,

Six months ended June 30,

2026

2025

% Change

2026

2025

% Change

Revenues

$

3,502,335

$

2,651,885

32%

$

6,285,297

$

5,318,304

18%

Directly related cost of transportation and other expenses 1

$

2,416,840

$

1,753,357

38%

$

4,227,991

$

3,530,032

20%

Salaries and other operating expenses 2

$

735,877

$

650,792

13%

$

1,412,860

$

1,274,678

11%

Operating income

$

349,618

$

247,736

41%

$

644,446

$

513,594

25%

Net earnings attributable to shareholders

$

266,226

$

183,574

45%

$

495,836

$

387,369

28%

Basic earnings attributable to shareholders per share

$

2.03

$

1.35

50%

$

3.75

$

2.83

33%

Diluted earnings attributable to shareholders per share

$

2.03

$

1.34

51%

$

3.74

$

2.82

33%

Basic weighted average shares outstanding

130,953

136,266

132,241

137,045

Diluted weighted average shares outstanding

131,372

136,631

132,724

137,537

1Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.

2Salaries and other operating expenses totals Salaries and related, Rent and occupancy, Depreciation and amortization, Selling and promotion and Other as shown in the Condensed Consolidated Statements of Earnings.

During the three and six months ended June 30, 2026, we repurchased 2.3 million and 4.3 million shares of common stock at an average price of $151.50 and $148.87. During the three and six months ended June 30, 2025, we repurchased 2.0 million and 3.5 million shares of common stock at an average price of $112.05 and $114.31 per share.

Employee Full-time Equivalents as of June 30,

2026

2025

North America

7,530

7,214

Europe

4,204

4,040

North Asia

2,302

2,306

South Asia

2,111

1,934

Middle East, Africa and India

1,534

1,463

Latin America

900

877

Global Technology

1,406

1,419

Corporate

402

413

Total

20,389

19,666

  Second quarter year-over-year percentage increase (decrease) in:

2026

Airfreight
kilos

Ocean freight
FEU

April

13%

(9)%

May

14%

(1)%

June

15%

9%

Quarter

14%

—

Investors may submit written questions via email to: [email protected]. Questions received by the end of business on August 7, 2026 will be considered in management's 8-K “Responses to Selected Questions.”

  EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

  June 30, 2026

December 31, 2025

Assets:

Current Assets:

Cash and cash equivalents

$

1,031,448

$

1,314,285

Accounts receivable, less allowance for credit loss of $7,299 at June 30, 2026 and $7,241 at December 31, 2025

2,631,118

2,021,889

Deferred contract costs

259,486

283,281

Other

84,969

136,167

Total current assets

4,007,021

3,755,622

Property and equipment, less accumulated depreciation and amortization of $665,264 at June 30, 2026 and $651,087 at December 31, 2025

451,086

462,122

Operating lease right-of-use assets

546,607

550,162

Goodwill

7,927

7,927

Deferred income tax asset, net

103,092

101,671

Other assets, net

19,177

16,134

Total assets

$

5,134,910

$

4,893,638

Liabilities:

Current Liabilities:

Accounts payable

$

1,468,305

$

1,123,429

Accrued expenses

607,664

448,055

Contract liabilities

348,857

358,386

Current portion of operating lease liabilities

116,234

110,891

Federal, state and foreign income taxes payable

18,378

32,046

Total current liabilities

2,559,438

2,072,807

Noncurrent portion of operating lease liabilities

451,051

459,698

Deferred income tax liability, net

3,348

3,040

Shareholders’ Equity:

Common stock, par value $0.01 per share. Issued and outstanding: 130,021 shares at June 30, 2026 and 133,884 shares at December 31, 2025

1,300

1,339

Additional paid-in capital

—

—

Retained earnings

2,309,720

2,538,455

Accumulated other comprehensive loss

(192,318

)

(184,161

)

Total shareholders’ equity

2,118,702

2,355,633

Noncontrolling interest

2,371

2,460

Total equity

2,121,073

2,358,093

Total liabilities and equity

$

5,134,910

$

4,893,638

  EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(In thousands, except per share data)

(Unaudited)

  Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Revenues:

Airfreight services

$

1,494,842

$

951,787

$

2,525,705

$

1,853,547

Ocean freight and ocean services

710,922

675,782

1,309,806

1,457,447

Customs brokerage and other services

1,296,571

1,024,316

2,449,786

2,007,310

Total revenues

3,502,335

2,651,885

6,285,297

5,318,304

Operating Expenses:

Airfreight services

1,134,773

698,402

1,904,256

1,346,896

Ocean freight and ocean services

531,886

483,475

947,907

1,057,376

Customs brokerage and other services

750,181

571,480

1,375,828

1,125,760

Salaries and related

573,698

471,336

1,073,269

929,273

Rent and occupancy

68,428

65,741

136,884

130,084

Depreciation and amortization

12,695

13,847

26,570

28,451

Selling and promotion

9,894

9,928

20,265

18,502

Other

71,162

89,940

155,872

168,368

Total operating expenses

3,152,717

2,404,149

5,640,851

4,804,710

Operating income

349,618

247,736

644,446

513,594

Other Income:

Interest income

6,821

9,183

15,461

18,367

Other, net

2,022

1,050

5,040

1,889

Other income, net

8,843

10,233

20,501

20,256

Earnings before income taxes

358,461

257,969

664,947

533,850

Income tax expense

91,203

74,050

167,645

145,832

Net earnings

267,258

183,919

497,302

388,018

Less net earnings attributable to the noncontrolling interest

1,032

345

1,466

649

Net earnings attributable to shareholders

$

266,226

$

183,574

$

495,836

$

387,369

Basic earnings attributable to shareholders per share

$

2.03

$

1.35

$

3.75

$

2.83

Diluted earnings attributable to shareholders per share

$

2.03

$

1.34

$

3.74

$

2.82

Weighted average basic shares outstanding

130,953

136,266

132,241

137,045

Weighted average diluted shares outstanding

131,372

136,631

132,724

137,537

  EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

  Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Operating Activities:

Net earnings

$

267,258

$

183,919

$

497,302

$

388,018

Adjustments to reconcile net earnings to net cash from operating activities:

Provisions for losses on accounts receivable

2,381

1,051

3,181

1,812

Deferred income tax benefit

794

(7,523

)

(968

)

(7,447

)

Stock compensation expense

32,200

27,267

45,023

38,816

Depreciation and amortization

12,695

13,847

26,570

28,451

Other, net

(14,261

)

4,474

(16,144

)

6,765

Changes in operating assets and liabilities:

(Increase) decrease in accounts receivable

(575,863

)

(57,984

)

(625,376

)

50,165

Increase in accounts payable and accrued liabilities

441,269

61,885

509,620

43,466

(Increase) decrease in deferred contract costs

(84,703

)

(21,617

)

16,433

54,356

Increase (decrease) in contract liabilities

96,590

16,961

(1,999

)

(72,327

)

(Decrease) increase in income taxes payable, net

(1,124

)

(44,668

)

37,459

(14,328

)

Decrease (increase) in other, net

1,404

1,600

(3,227

)

4,087

Net cash from operating activities

178,640

179,212

487,874

521,834

Investing Activities:

Purchase of property and equipment

(11,991

)

(15,875

)

(24,603

)

(29,027

)

Other, net

21,356

24

21,486

180

Net cash from investing activities

9,365

(15,851

)

(3,117

)

(28,847

)

Financing Activities:

Proceeds on borrowings on lines of credit, net

(15

)

92

2,849

287

Proceeds from issuance of common stock

1,236

5,132

4,362

18,175

Repurchases of common stock

(354,907

)

(231,116

)

(642,531

)

(408,470

)

Dividends paid

(105,770

)

(104,139

)

(105,770

)

(104,139

)

Payments for taxes related to net share settlement of equity awards

(13,999

)

(9,844

)

(21,543

)

(10,353

)

Distribution to noncontrolling interest

(869

)

—

(1,519

)

(1,346

)

Net cash from financing activities

(474,324

)

(339,875

)

(764,152

)

(505,846

)

Effect of exchange rate changes on cash and cash equivalents

1,270

14,156

(3,442

)

20,701

Change in cash and cash equivalents

(285,049

)

(162,358

)

(282,837

)

7,842

Cash and cash equivalents at beginning of period

1,316,497

1,318,520

1,314,285

1,148,320

Cash and cash equivalents at end of period

$

1,031,448

$

1,156,162

$

1,031,448

$

1,156,162

Taxes Paid:

Income taxes

$

93,513

$

125,277

$

129,030

$

165,901

  EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Business Segment Information

(In thousands)

(Unaudited)

  UNITED
STATES

OTHER
NORTH
AMERICA

LATIN
AMERICA

NORTH
ASIA

SOUTH
ASIA

EUROPE

MIDDLE
EAST,
AFRICA
AND
INDIA

ELIMI-
NATIONS

CONSOLI-
DATED

For the three months ended June 30, 2026:

Revenues

$1,164,252

141,860

68,181

817,046

568,779

519,885

225,216

(2,884)

3,502,335

Directly related cost of transportation and other expenses1

$666,578

89,325

39,879

670,698

449,872

336,532

166,068

(2,112)

2,416,840

Salaries and related costs

$328,706

24,597

12,690

45,558

37,556

99,696

24,895

-

573,698

Other operating expenses2

$(504)

16,705

10,276

40,834

32,091

49,880

13,670

(773)

162,179

Operating income

$169,472

11,233

5,336

59,956

49,260

33,777

20,583

1

349,618

Identifiable assets at period end

$2,499,046

199,633

136,582

580,755

518,374

858,781

350,672

(8,933)

5,134,910

Capital expenditures

$6,240

796

186

282

775

2,563

1,149

-

11,991

Depreciation and amortization

$7,133

515

248

1,184

737

2,095

783

-

12,695

Equity

$1,270,494

58,576

61,342

175,652

205,374

320,189

190,235

(160,789)

2,121,073

For the three months ended June 30, 2025:

Revenues

$877,325

108,128

66,904

636,785

359,531

449,712

155,458

(1,958)

2,651,885

Directly related cost of transportation and other expenses1

$454,354

67,428

40,945

507,413

277,355

293,878

113,243

(1,259)

1,753,357

Salaries and related costs

$266,018

20,205

11,030

36,686

28,567

88,913

19,917

-

471,336

Other operating expenses2

$31,859

16,726

9,745

36,820

28,117

41,878

15,015

(704)

179,456

Operating income

$125,094

3,769

5,184

55,866

25,492

25,043

7,283

5

247,736

Identifiable assets at period end

$2,554,090

186,248

105,069

523,858

354,318

789,514

286,466

(13,082)

4,786,481

Capital expenditures

$6,146

257

274

4,545

1,189

1,928

1,536

-

15,875

Depreciation and amortization

$7,896

499

253

1,176

622

2,791

610

-

13,847

Equity

$1,475,449

57,602

37,810

192,012

119,338

191,551

162,159

(38,638)

2,197,283

UNITED
STATES

OTHER
NORTH
AMERICA

LATIN
AMERICA

NORTH
ASIA

SOUTH
ASIA

EUROPE

MIDDLE
EAST,
AFRICA
AND
INDIA

ELIMI-
NATIONS

CONSOLI-
DATED

For the six months ended June 30, 2026:

Revenues

$2,118,829

271,494

127,176

1,419,962

991,955

968,759

392,374

(5,252)

6,285,297

Directly related cost of transportation and other expenses1

$1,157,712

170,618

73,421

1,152,422

774,117

618,601

284,840

(3,740)

4,227,991

Salaries and related costs

$610,875

47,589

24,082

82,546

69,233

193,350

45,594

-

1,073,269

Other operating expenses2

$36,023

31,439

18,829

75,959

59,697

92,649

26,493

(1,498)

339,591

Operating income

$314,219

21,848

10,844

109,035

88,908

64,159

35,447

(14)

644,446

Identifiable assets at period end

$2,499,046

199,633

136,582

580,755

518,374

858,781

350,672

(8,933)

5,134,910

Capital expenditures

$13,808

1,047

335

1,082

1,813

4,662

1,856

-

24,603

Depreciation and amortization

$14,386

1,015

494

2,526

1,565

5,010

1,574

-

26,570

Equity

$1,270,494

58,576

61,342

175,652

205,374

320,189

190,235

(160,789)

2,121,073

For the six months ended June 30, 2025:

Revenues

$1,731,774

224,613

129,293

1,331,793

724,108

872,507

308,330

(4,114)

5,318,304

Directly related cost of transportation and other expenses1

$906,271

140,621

77,380

1,061,907

558,850

565,594

222,091

(2,682)

3,530,032

Salaries and related costs

$524,107

39,797

21,468

77,047

56,639

170,462

39,753

-

929,273

Other operating expenses2

$54,407

31,554

19,659

74,566

51,402

85,237

30,043

(1,463)

345,405

Operating income

$246,989

12,641

10,786

118,273

57,217

51,214

16,443

31

513,594

Identifiable assets at period end

$2,554,090

186,248

105,069

523,858

354,318

789,514

286,466

(13,082)

4,786,481

Capital expenditures

$14,553

483

499

5,050

2,063

3,084

3,295

-

29,027

Depreciation and amortization

$16,834

996

504

2,232

1,192

5,437

1,256

-

28,451

Equity

$1,475,449

57,602

37,810

192,012

119,338

191,551

162,159

(38,638)

2,197,283

1 Directly related cost of transportation and other expenses totals Operating Expenses from Airfreight services, Ocean freight and ocean services and Customs brokerage and other services as shown in the Condensed Consolidated Statements of Earnings.

2Other operating expenses totals rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings.

More News From Expeditors International of Washington, Inc.

Key Takeaways Airfreight revenues jumped 57.1% as demand exceeded capacity, especially late in the quarter. EXPD's earnings rose 51.5% as revenues climbed 32.1% to $3.50 billion. Technology restructuring is expected to cut annual costs by about $50 million after completion. Expeditors International of Washington (EXPD - Free Report) reported second-quarter 2026 earnings of $2.03 per share, up 51.5% year over year and 20.8% above the Zacks Consensus Estimate of $1.68. Revenues increased 32.1% to $3.50 billion, surpassing the consensus mark of $2.90 billion by 20.7%.

Results benefited from broad-based growth across most products, led by airfreight and customs-related services. Airfreight tonnage advanced 14% year over year, while ocean container volume was flat.

EXPD Gains From Strong Airfreight DemandAirfreight services revenues surged 57.1% year over year to $1.49 billion. The increase reflected higher volumes and elevated buy and sell rates as demand for air capacity exceeded available space, particularly late in the quarter.

Tonnage increased 16% sequentially, supported by Asia-U.S. and Asia-Europe trade lanes. Management also cited sustained demand from artificial intelligence hyperscalers, including customers requiring upper-deck freighter capacity for servers.

Expeditors Sees Better Ocean Freight TrendsOcean freight and ocean services revenues rose 5.2% to $710.9 million. Although quarterly container volume was unchanged from the prior-year period, volumes improved 7% from the first quarter of 2026.

Management noted that carriers carefully managed capacity amid market disruptions, supporting higher rates late in the quarter. Stronger demand and improved pricing also increased profitability per container, signaling some stabilization after an extended ocean-market downturn.

EXPD Benefits From Customs ComplexityCustoms brokerage and other services revenues climbed 26.6% to $1.30 billion. Customs, Transcon, Distribution and Order Management each delivered double-digit revenue growth for the second consecutive quarter.

Demand from AI hyperscalers and other high-value technology customers supported the increase. Tariff-related complexity, new customer wins and higher declarations from existing customers also lifted customs activity. A temporary surge in filings tied to the International Emergency Economic Powers Act contributed to higher pricing.

Expeditors Expands Profitability Despite CostsOperating income increased 41.1% year over year to $349.6 million. The operating margin improved to approximately 10% from 9.3% in the year-ago quarter, reflecting strong revenue growth and productivity gains.

Salaries and other operating expenses increased 13.1% to $735.9 million. The quarter included a $25 million pretax restructuring charge related to the Global Technology team, partly offset by a $16 million gain from the sale of an underutilized property.

EXPD Targets Lower Technology OverheadThe Global Technology restructuring is expected to reduce the company’s annual cost structure by approximately $50 million. Management said the savings equal nearly 10% of total corporate overhead expenses and should begin to benefit results after the restructuring actions are completed.

Expeditors plans to continue investing in artificial intelligence, technology talent and modernization initiatives. Operating efficiency reached 32.2% during the quarter despite the restructuring charge, while headcount remained essentially flat sequentially before the planned workforce reductions.

Expeditors Posts Broad Regional GrowthOperating income increased across most geographic regions. U.S. operating income rose 35.5% to $169.5 million, while South Asia operating income nearly doubled to $49.3 million.

Europe operating income climbed 34.9% to $33.8 million. The Middle East, Africa and India region generated operating income of $20.6 million, up sharply from $7.3 million a year earlier, despite geopolitical disruptions affecting freight capacity and routing.

EXPD Maintains Strong Shareholder ReturnsNet cash from operating activities totaled $178.6 million, nearly matching the $179.2 million generated in the prior-year quarter. Accounts receivable increased significantly as business activity and revenues expanded.

The company repurchased 2.3 million shares during the quarter at an average price of $151.50, spending $354.9 million. Including dividends, Expeditors returned $461 million to its shareholders in the quarter and $748 million during the first half of 2026.

Expeditors, currently carrying a Zacks Rank #2 (Buy), ended June with $1.03 billion in cash and cash equivalents, down from $1.31 billion at year-end 2025. Total assets reached $5.13 billion, while total shareholders’ equity stood at $2.12 billion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q2 Performances of Other Transportation CompaniesWestinghouse Air Brake Technologies (WAB - Free Report) , operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year.

Quarterly adjusted EPS of $2.76 beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion.

Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%.

United Airlines Holdings, Inc. (UAL - Free Report) reported second-quarter 2026 adjusted EPS of $1.99, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%.

Operating revenues rose 16% to $17.67 billion and were essentially in line with the consensus mark of $17.68 billion. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs. 

Expeditors International (EXPD - Free Report) reported $3.5 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 32.1%. EPS of $2.03 for the same period compares to $1.34 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.9 billion, representing a surprise of +20.67%. The company delivered an EPS surprise of +20.83%, with the consensus EPS estimate being $1.68.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Expeditors International performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenues- Airfreight services: $1.49 billion versus the three-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of +57.1%.Revenues- Ocean freight and ocean services: $710.92 million compared to the $601.11 million average estimate based on three analysts. The reported number represents a change of +5.2% year over year.Net revenues- Ocean freight and ocean services: $179.04 million compared to the $180.95 million average estimate based on three analysts. The reported number represents a change of -6.9% year over year.Net revenues- Airfreight services: $360.07 million compared to the $267.33 million average estimate based on three analysts. The reported number represents a change of +42.1% year over year.Net revenues- Customs brokerage and other services: $546.39 million compared to the $552.69 million average estimate based on three analysts. The reported number represents a change of +20.7% year over year.Revenues- Customs brokerage and other services: $1.3 billion versus the three-analyst average estimate of $1.19 billion. The reported number represents a year-over-year change of +26.6%.View all Key Company Metrics for Expeditors International here>>>

Shares of Expeditors International have returned +3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Expeditors International (EXPD - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis logistics services provider is expected to post quarterly earnings of $1.68 per share in its upcoming report, which represents a year-over-year change of +25.4%.

Revenues are expected to be $2.9 billion, up 9.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.29% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Expeditors International?For Expeditors International, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination makes it difficult to conclusively predict that Expeditors International will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Expeditors International would post earnings of $1.33 per share when it actually produced earnings of $1.71, delivering a surprise of +28.57%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Expeditors International doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Key Takeaways Analysts are raising earnings estimates on Expeditors International ahead of Q2 results.The Zacks Consensus is looking for earnings to jump 13.3% in 2026.Expeditors International has a $3 billion share repurchase program and pays a dividend. Expeditors International of Washington, Inc. (EXPD - Free Report) is expected to grow earnings by the double digits in 2026 as logistics heats up. Analysts are raising earnings estimates on this Zacks Rank #1 (Strong Buy) even before it reports Q2 earnings in August 2026.

Expeditors International of Washington is a global logistics company headquartered in Bellevue, Washington. It has 171 district offices and numerous branch locations across six continents.

Services include consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, time-definite transportation, cargo insurance, order management, customized logistics solutions, and warehousing and distribution.

Expeditors International Expands its Aircraft on Ground (AOG) CapabilitiesOn July 20, 2026, Expeditors International of Washington announced it was expanding its global Aircraft on Ground (AOG) capabilities by bringing together logistics teams, 24/7/365 support centers and access to the company’s global network for those customers facing urgent operational disruptions.

The AOG product supports airlines, aircraft manufacturers, maintenance, repair and overhaul organizations, aerospace suppliers, defense customers, advanced air mobility providers, and others who are in the aviation industry.

This comes at a time when there is a need for specialized support during unexpected aircraft downtime, critical parts shortages, and unplanned maintenance events, as well as other operational challenges. The global air fleet is aging and requires more support.

Analysts Bullish on Expeditors International’s Earnings for Q2 2026 and FY2026Expeditors will report second quarter 2026 earnings on Aug 4, 2026. But the analysts are getting bullish ahead of the report.

One estimate has been raised for the second quarter in the last week, pushing the Zacks Consensus Estimate up to $1.68 from $1.64. This is earnings growth of 25.4% as Expeditors only made $1.34 last year.

It has beat on earnings nine quarters in a row.

For the full year, analysts are bullish as well. One estimate is higher in the last seven days, with four higher in the last month for 2026. The 2026 Zacks Consensus Estimate has jumped to $6.74 from $6.66 in the last month.

But the most accurate estimate for the full year is looking for $6.85, which is $0.09 higher than the consensus.

This is 13.3% earnings growth year-over-year as Expeditors made $5.95 in 2025.

Image Source: Zacks Investment Research

Shares of Expeditors International Near 52-Week HighsThe shares have busted out to new 5-year and 52-week highs as the earnings picture has improved.

Image Source: Zacks Investment Research

Expeditors International isn’t cheap, however. It trades with a forward price-to-earnings (P/E) ratio of 26.5. A P/E of 15 or under usually indicates value. But investors would be buying Expeditors for its growth.

It is shareholder friendly. In Feb 2026, the Board of Directors authorized a new $3 billion share repurchase program. It is also a dividend aristocrat and pays a dividend yielding 0.9%.

Since 2024, Expeditors International has returned nearly $2 billion to shareholders in the form of dividends and share repurchases.

Logistic services are heating up again. For those looking for a way to get in on this trade, Expeditors International of Washington should be on your short list.

Investors interested in stocks from the Transportation - Services sector have probably already heard of DHL Group Sponsored ADR (DHLGY) and Expeditors International (EXPD). But which of these two stocks offers value investors a better bang for their buck right now?

BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced the expansion of its global Aircraft on Ground (AOG) capabilities, bringing together dedicated critical logistics teams, 24/7/365 support centers, and access to the company's global network to support aviation and aerospace customers facing urgent operational disruptions. The AOG offering supports airlines, aircraft manufacturers, maintenance, repair and overhaul (MRO) organizations, aeros.

Key Takeaways DuPont analysis breaks ROE into margin, asset efficiency and leverage for deeper stock insights.MAMA, EXPD, GWW and ECG passed DuPont-based screens backed by Zacks Rank #2 (Buy) ratings.DuPont helps spot quality firms and avoid high-ROE stocks driven mainly by excessive debt. Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.

However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method that examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below we show how DuPont breaks down ROE into its different components:

ROE = Net Income/Equity

Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)

ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier

The screener yields winning stocks like Mama's Creations Inc. (MAMA - Free Report) , Expeditors International of Washington (EXPD - Free Report) , W.W. Grainger (GWW - Free Report) and Everus Construction Group Inc. (ECG - Free Report) .

Why Use DuPont?Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies having higher margins from those having high turnover. For example, high-end fashion brands generally survive on high margin as compared with retail goods, which rely on higher turnover.

In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.

So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks of equal ratio. This is where DuPont analysis wins over and spots the better stock.

Investors can simply do this analysis by taking a look at the company’s financials.However, looking at the financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.

Screening Parameters• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.

• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.

• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.

• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.

• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.

Here are all four stocks that made it through the screen:

Mama's Creations Inc: The Zacks Rank #2 company manufactures and distributes fresh deli-prepared foods sold through more than 12,000 grocery, mass, club and convenience stores across the United States. You can see the complete list of today’s Zacks #1 Rank stocks here.

The average earnings surprise of MAMA for the past four quarters is 129.17%.

Expeditors International of Washington: The Zacks Rank #2 company is a leading third-party logistics provider.

The average earnings surprise of EXPD for the past four quarters is 13.96%.

W.W. Grainger:The Zacks Rank #2 company is a broad-line, business-to-business distributor of maintenance, repair and operating products and services.

The average earnings surprise of GWW for the past four quarters is 4.21%.

Everus Construction Group: The Zacks Rank #2 company is providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services principally in the United States.

The average earnings surprise of ECG for the past four quarters is 61.97%.

Key Takeaways DuPont analysis breaks ROE into margins, efficiency and leverage to reveal true strength.Screening found five picks: CASY, ECG, GRDN, EXPD and MAMA with solid fundamentals.Strong earnings surprises and healthy DuPont metrics signal potential upside ahead. Return on equity (ROE) is one of the most favored metrics of investors. It is a profitability ratio that measures earnings generated by a company from its equity. Investors can follow the ROE trend in companies and compare this to historical or industry benchmarks to pick a winning stock.

However, stepping beyond the basic ROE and analyzing it at an advanced level could lead to even better returns. Here is where the DuPont analysis comes into play. It is an analytical method that examines three major elements – operating management, management of assets and the capital structure – related to the financial condition of a company. Below, we show how DuPont breaks down ROE into its different components:

ROE = Net Income/Equity

Net Income / Equity = (Net Income / Sales) * (Sales / Assets) * (Assets / Equity)

ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier

The screener yields winning stocks like Casey's General Stores (CASY - Free Report) , Everus Construction Group Inc. (ECG - Free Report) , Guardian Pharmacy Services Inc. (GRDN - Free Report) , Expeditors International of Washington (EXPD - Free Report) and Mama's Creations Inc. (MAMA - Free Report) .

Why Use DuPont?Although one can’t play down the importance of normal ROE calculation, the fact remains that it doesn’t always provide a complete picture. The DuPont analysis, on the other hand, allows investors to assess the elements that play a dominant role in any change in ROE. It can help investors to segregate companies with higher margins from those having a high turnover. For example, high-end fashion brands generally survive on high margins as compared with retail goods, which rely on higher turnover.

In fact, it also sheds light on the company’s leverage status, which can go a long way in selecting stocks poised for gains. A lofty ROE could be due to the overuse of debt. Thus, the strength of a company can be misleading if it has a high debt load.

So, an investor confined solely to an ROE perspective may be confused if he or she has to judge between two stocks with equal ratios. This is where DuPont analysis wins over and spots the better stock.

Investors can simply do this analysis by taking a look at the company’s financials.However, looking at the financial statements of each company separately can be a tedious task. Screening tools like Zacks Research Wizard can come to your rescue and help you shortlist the stocks that look impressive with a DuPont analysis.

Screening Parameters• Profit Margin more than or equal to 3: As the name suggests, it is a measure of how profitably the business is running. Generally, it is the key contributor to ROE.

• Asset Turnover Ratio more than or equal to 2: It allows an investor to assess management’s efficiency in using assets to drive sales.

• Equity Multiplier between 1 and 3: It’s an indication of how much debt the company uses to finance its assets.

• Zacks Rank less than or equal to 2: Stocks having a Zacks Rank #1 (Strong Buy) or 2 (Buy) generally perform better than their peers in all types of market environments.

• Current Price more than $5: This screens out the low-priced stocks. However, when looking for lower-priced stocks, this criterion can be removed.

Here are five out of 11 stocks that made it through the screen:

Casey's General Stores: The Zacks Rank #1 company operates convenience stores primarily under the Casey's and Casey's General Store names in 19 states, mainly Iowa, Missouri and Illinois. You can see the complete list of today’s Zacks #1 Rank stocks here.

The average earnings surprise of CASY for the past four quarters is 18.40%.

Everus Construction Group: The Zacks Rank #1 company is providing a full spectrum of construction services through its electrical and mechanical, and transmission and distribution specialty contracting services principally in the United States.

The average earnings surprise of ECG for the past four quarters is 61.97%.

Guardian Pharmacy Services:The Zacks Rank #2 company is a long-term care pharmacy services company that provides an extensive suite of technology-enabled services designed to help residents of long-term healthcare facilities.

The average earnings surprise of GRDN for the past four quarters is 16.65%.

Expeditors International of Washington: The Zacks Rank #1 company is a leading third-party logistics provider.

The average earnings surprise of EXPD for the past four quarters is 13.96%.

Mama's Creations: The Zacks Rank #2 company manufactures and distributes fresh deli-prepared foods sold through more than 12,000 grocery, mass, club and convenience stores across the United States.

The average earnings surprise of MAMA for the past four quarters is 129.17%.

Expeditors International of Washington, Inc. (EXPD) Discusses U.S. Customs Market Update With Focus on Current Tariff Updates and Trade Actions Transcript