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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%.

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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

Expeditors International of Washington, Inc. (EXPD) Discusses Ocean Market Update and Industry Changes Transcript

Expeditors International of Washington, Inc. (EXPD) Discusses Geopolitical Pressures Impacting Europe's Operating Environment and Supply Chains Transcript

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

Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 16% to $1.71 Net Earnings Attributable to Shareholders increased 13% to $230 million Operating Income increased 11% to $295 million Revenues increased 4% to $2.8 billion Airfreight tonnage increased 5% and ocean container volume decreased 4% Customs, Transcon, Distribution, and Order Management each achieved double-digit revenue growth Cash returned to shareholders in the form of share repurchases was $288 million Daniel R. Wall, President and Chief Executive Officer, commented:

“During a period marked by significant disruption in the final month of the quarter, we continued to demonstrate our ability to bring solutions to our customers. This quarter also demonstrates the resilience of our non-asset-based model, as we grew revenues and margins in most of our products and geographies. We relied heavily on the hard work of our people, especially those close to the conflict in the Middle East. We were well prepared for disruption and adapted quickly. As soon as hostilities began, we developed strategies and solutions for our customers to keep freight moving out of and around impacted areas. In periods of heightened disruption, our teams demonstrate their capabilities and advance our aspiration to be the world's most trusted and valued logistics provider. I want to thank our people for their dedication and focus during this challenging time.”

Q1 2026 Operational Highlights

Airfreight services: “Airfreight gross margins increased sequentially from the fourth quarter of 2025 on higher per-kilo profitability, from higher rates and a more stable balance between sell and buy pricing for the first two months of the quarter, as air capacity was less constrained until the conflict in the Middle East began. Airfreight tonnage increased from the first quarter of 2025 as demand from technology customers remained strong. We remained agile and focused on risk management while also managing buy and sell rates during this dynamic time.”

Ocean freight and ocean services: “As expected, the imbalance of global capacity versus demand, which we began to see in the latter half of 2025, continued to impact the ocean industry and led to a decline in our ocean revenues. The decline was due to decreases in both pricing and volume compared to Q1 of 2025. We were impacted by lower average profitability per-container and volume, primarily on exports from Asia. However, with favorable buy rates and disciplined cost control, we partially offset top-line pressure.”

Customs brokerage and other services: “Higher entry volumes and complexity, along with tariff-related activity, drove revenue increases in our customs brokerage business. In addition, disciplined cost control and pricing increases led to higher gross margins, both sequentially and year-over-year. Our other products within Customs brokerage and other services all generated double-digit growth and profitability from a diverse range of geographies and business sectors, driven foremost by demand from hyperscalers and other high-value technology customers. While we manage through the ongoing global uncertainty in the ocean marketplace, our growth and profitability are well balanced by the growth in these other products.

“Looking ahead, we expect the freight environment to remain highly unpredictable, as global events and macroeconomic concerns weigh on our customers and our industry. The air market may continue to face rapid shifts in capacity, routing, pricing, and possible fuel shortages, and we expect the ocean market to remain impacted by abundant capacity and weak pricing. At the same time, our pipeline of new business is strong and we expect continued robust demand for our customs brokerage services due to elevated tariff-driven complexity, tariff refund challenges, and dynamics in the global trade environment. We will continue to work closely with our customers and carrier partners to find solutions and deliver value, while aligning our resources to maximize profitability.”

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

“With headcount sequentially flat versus the prior quarter, coupled with our revenue and margin growth, we meaningfully increased our productivity from the fourth quarter of 2025 as our operating efficiency achieved our 30% historical target. In 2025, we made strategic investments in headcount aimed at higher-growth opportunities, particularly in customs brokerage, as well as essential investments in technology, including artificial intelligence. We are starting to achieve benefits from these investments, which are helping to drive our productivity gains. For a second sequential quarter, operating expenses, excluding transportation-related costs, increased less than one percent compared to the fourth quarter of 2025.”

Mr. Hackett noted that the Company generated $309 million of cash from operations and returned $288 million to shareholders via share repurchases during the first quarter of 2026.

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 the resilience of our non-asset-based model; strategies and solutions to keep customer freight moving out of and around impacted areas; our aspiration to be the most trusted and valued logistics company in the world; 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 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.

First Quarter 2026 Earnings Release, May 5, 2026

Financial Summary for three months ended March 31, 2026 and 2025 (Unaudited)

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

Three months ended March 31,

2026

2025

% Change

Revenues

$

2,782,962

$

2,666,419

4

%

Directly related cost of transportation and other expenses 1

$

1,811,151

$

1,776,675

2

%

Salaries and other operating expenses 2

$

676,983

$

623,886

9

%

Operating income

$

294,828

$

265,858

11

%

Net earnings attributable to shareholders

$

229,610

$

203,795

13

%

Diluted earnings attributable to shareholders per share

$

1.71

$

1.47

16

%

Basic earnings attributable to shareholders per share

$

1.72

$

1.48

16

%

Diluted weighted average shares outstanding

134,076

138,435

Basic weighted average shares outstanding

133,543

137,833

  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 months ended March 31, 2026, we repurchased 2.0 million shares of common stock at an average price of $145.90. During the three months ended March 31, 2025, we repurchased 1.5 million shares of common stock at an average price of $117.29 per share.

Employee Full-time Equivalents as of March 31,

2026

2025

North America

7,524

7,098

Europe

4,204

3,935

North Asia

2,302

2,287

South Asia

2,041

1,833

Middle East, Africa and India

1,506

1,440

Latin America

892

829

Information Systems

1,498

1,358

Corporate

394

423

Total

20,361

19,203

First quarter year-over-year

percentage increase (decrease) in:

Airfreight

Ocean freight

2026

kilos

FEU

January

7

%

(2

)%

February

7

%

(7

)%

March

3

%

(4

)%

Quarter

5

%

(4

)%

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

  Condensed Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

March 31, 2026

December 31, 2025

Assets:

Current Assets:

Cash and cash equivalents

$

1,316,497

$

1,314,285

Accounts receivable, less allowance for credit loss of $7,133 at March 31, 2026 and $7,241 at December 31, 2025

2,056,808

2,021,889

Deferred contract costs

179,533

283,281

Other

99,228

136,167

Total current assets

3,652,066

3,755,622

Property and equipment, less accumulated depreciation and amortization of $657,248 at March 31, 2026 and $651,087 at December 31, 2025

457,185

462,122

Operating lease right-of-use assets

544,496

550,162

Goodwill

7,927

7,927

Deferred income tax asset, net

102,872

101,671

Other assets, net

17,134

16,134

Total assets

$

4,781,680

$

4,893,638

Liabilities:

Current Liabilities:

Accounts payable

$

1,143,919

$

1,123,429

Accrued expenses, primarily salaries and related costs

496,370

448,055

Contract liabilities

256,902

358,386

Current portion of operating lease liabilities

113,803

110,891

Federal, state and foreign income taxes payable

30,400

32,046

Total current liabilities

2,041,394

2,072,807

Noncurrent portion of operating lease liabilities

451,178

459,698

Deferred income tax liability, net

2,483

3,040

Shareholders’ Equity:

Common stock, par value $0.01 per share. Issued and outstanding: 132,024 shares at March 31, 2026 and 133,884 shares at December 31, 2025

1,320

1,339

Additional paid-in capital

—

—

Retained earnings

2,479,067

2,538,455

Accumulated other comprehensive loss

(196,017

)

(184,161

)

Total shareholders’ equity

2,284,370

2,355,633

Noncontrolling interest

2,255

2,460

Total equity

2,286,625

2,358,093

Total liabilities and equity

$

4,781,680

$

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 March 31,

2026

2025

Revenues:

Airfreight services

$

1,030,863

$

901,760

Ocean freight and ocean services

598,884

781,665

Customs brokerage and other services

1,153,215

982,994

Total revenues

2,782,962

2,666,419

Operating Expenses:

Airfreight services

769,483

648,494

Ocean freight and ocean services

416,021

573,901

Customs brokerage and other services

625,647

554,280

Salaries and related

499,571

457,937

Rent and occupancy

68,456

64,343

Depreciation and amortization

13,875

14,604

Selling and promotion

10,371

8,574

Other

84,710

78,428

Total operating expenses

2,488,134

2,400,561

Operating income

294,828

265,858

Other Income:

Interest income

8,640

9,184

Other, net

3,018

839

Other income, net

11,658

10,023

Earnings before income taxes

306,486

275,881

Income tax expense

76,442

71,782

Net earnings

230,044

204,099

Less net earnings attributable to the noncontrolling interest

434

304

Net earnings attributable to shareholders

$

229,610

$

203,795

Diluted earnings attributable to shareholders per share

$

1.71

$

1.47

Basic earnings attributable to shareholders per share

$

1.72

$

1.48

Weighted average diluted shares outstanding

134,076

138,435

Weighted average basic shares outstanding

133,543

137,833

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

  Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three months ended March 31,

2026

2025

Operating Activities:

Net earnings

$

230,044

$

204,099

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

Provisions for losses on accounts receivable

800

761

Deferred income tax benefit

—

76

Stock compensation expense

12,823

11,549

Depreciation and amortization

13,875

14,604

Other, net

(3,645

)

2,291

Changes in operating assets and liabilities:

(Increase) decrease in accounts receivable

(49,513

)

108,149

Increase (decrease) in accounts payable and accrued liabilities

68,351

(18,419

)

Decrease in deferred contract costs

101,136

75,973

Decrease in contract liabilities

(98,589

)

(89,288

)

Increase in income taxes payable, net

38,583

30,340

(Increase) decrease in other, net

(4,631

)

2,487

Net cash from operating activities

309,234

342,622

Investing Activities:

Purchase of property and equipment

(12,612

)

(13,152

)

Other, net

130

156

Net cash from investing activities

(12,482

)

(12,996

)

Financing Activities:

Proceeds on borrowings on lines of credit, net

2,864

195

Proceeds from issuance of common stock

3,126

13,043

Repurchases of common stock

(287,624

)

(177,354

)

Payments for taxes related to net share settlement of equity awards

(7,544

)

(509

)

Distribution to noncontrolling interest

(650

)

(1,346

)

Net cash from financing activities

(289,828

)

(165,971

)

Effect of exchange rate changes on cash and cash equivalents

(4,712

)

6,545

Change in cash and cash equivalents

2,212

170,200

Cash and cash equivalents at beginning of period

1,314,285

1,148,320

Cash and cash equivalents at end of period

$

1,316,497

$

1,318,520

Taxes Paid:

Income taxes

$

35,517

$

40,624

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

AND SUBSIDIARIES

Business Segment Information

(In thousands)

(Unaudited

MIDDLE

EAST,

OTHER

AFRICA

UNITED

NORTH

LATIN

NORTH

SOUTH

AND

ELIMI-

CONSOLI-

STATES

AMERICA

AMERICA

ASIA

ASIA

EUROPE

INDIA

NATIONS

DATED

For the three months ended March 31, 2026:

Revenues

$

954,577

129,634

58,995

602,916

423,176

448,874

167,158

(2,368

)

2,782,962

Directly related cost of transportation and other expenses1

$

491,134

81,293

33,542

481,724

324,245

282,069

118,772

(1,628

)

1,811,151

Salaries and related costs

$

282,169

22,992

11,392

36,988

31,677

93,654

20,699

—

499,571

Other operating expenses2

$

36,527

14,734

8,553

35,125

27,606

42,769

12,823

(725

)

177,412

Operating income

$

144,747

10,615

5,508

49,079

39,648

30,382

14,864

(15

)

294,828

Identifiable assets at period end

$

2,567,887

170,840

120,586

439,065

399,901

800,822

295,321

(12,742

)

4,781,680

Capital expenditures

$

7,568

251

149

800

1,038

2,099

707

—

12,612

Depreciation and amortization

$

7,253

500

246

1,342

828

2,915

791

—

13,875

Equity

$

1,456,421

47,210

42,610

257,768

161,247

244,451

175,389

(98,471

)

2,286,625

For the three months ended March 31, 2025:

Revenues

$

854,449

116,485

62,389

695,008

364,577

422,795

152,872

(2,156

)

2,666,419

Directly related cost of transportation and other expenses1

$

451,917

73,193

36,435

554,494

281,495

271,716

108,848

(1,423

)

1,776,675

Salaries and related costs

$

258,089

19,592

10,438

40,361

28,072

81,549

19,836

—

457,937

Other operating expenses2

$

22,548

14,828

9,914

37,746

23,285

43,359

15,028

(759

)

165,949

Operating income

$

121,895

8,872

5,602

62,407

31,725

26,171

9,160

26

265,858

Identifiable assets at period end

$

2,588,265

177,996

107,290

503,899

348,424

772,342

277,677

(19,243

)

4,756,650

Capital expenditures

$

8,407

226

225

505

874

1,156

1,759

—

13,152

Depreciation and amortization

$

8,938

497

251

1,056

570

2,646

646

—

14,604

Equity

$

1,481,145

50,613

46,120

273,084

145,611

169,589

164,036

(42,695

)

2,287,503

More News From Expeditors International of Washington, Inc.

For the quarter ended March 2026, Expeditors International (EXPD - Free Report) reported revenue of $2.78 billion, up 4.4% over the same period last year. EPS came in at $1.71, compared to $1.47 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.58 billion, representing a surprise of +8.02%. The company delivered an EPS surprise of +28.25%, with the consensus EPS estimate being $1.33.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: $1.03 billion versus $925.41 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.Revenues- Ocean freight and ocean services: $598.88 million versus $585.66 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -23.4% change.Revenues- Customs brokerage and other services: $1.15 billion compared to the $1.06 billion average estimate based on four analysts. The reported number represents a change of +17.3% year over year.Net revenues- Airfreight services: $261.38 million versus $242.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.2% change.Net revenues- Customs brokerage and other services: $527.57 million versus the three-analyst average estimate of $479.31 million. The reported number represents a year-over-year change of +23.1%.Net revenues- Ocean freight and ocean services: $182.86 million compared to the $159.79 million average estimate based on three analysts. The reported number represents a change of -12% year over year.View all Key Company Metrics for Expeditors International here>>>

Shares of Expeditors International have returned -4% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

-

BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026.

“Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Board authorized a new share repurchase program that permits the repurchase of up to $3 billion of our common stock. With our history of being a dividend aristocrat, combined with this 5% dividend increase and our new $3 billion share repurchase program, we demonstrate our commitment to returning substantial cash to our shareholders.”

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.

More News From Expeditors International of Washington, Inc.

Back to Newsroom

Expeditors International (EXPD - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.

The upward trend in estimate revisions for this logistics services provider reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for Expeditors International, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate RevisionsThe company is expected to earn $1.53 per share for the current quarter, which represents a year-over-year change of +14.2%.

Over the last 30 days, two estimates have moved higher for Expeditors International compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 6.51%.

Current-Year Estimate RevisionsFor the full year, the company is expected to earn $6.57 per share, representing a year-over-year change of +10.4%.

There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, six estimates have moved up for Expeditors International versus no negative revisions. This has pushed the consensus estimate 10.03% higher.

Favorable Zacks RankThanks to promising estimate revisions, Expeditors International currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom LineExpeditors International shares have added 9.5% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.

Expeditors International of Washington remains a Hold as Q1 2026 improved near-term results but left medium-term risks unresolved. Customs brokerage and airfreight segments showed strength, supporting near-term earnings, while ocean segment weakness persists due to structural overcapacity. EXPD trades at ~23x NTM PE, which appears unjustified given ongoing supply risks and lack of clear medium-term earnings visibility.

Key Takeaways Expeditors' stock surged 43.4% in the past year, outperforming the transportation-services industry.EXPD earnings estimates have moved higher, signaling growing confidence in its outlook.Expeditors posts consistent earnings beats and benefits from e-commerce-driven demand. Expeditors International of Washington, Inc. (EXPD - Free Report) performed well in the past year and has the potential to sustain the momentum in the future. If you have not taken advantage of its share price appreciation yet, it’s time to do so.

Against this backdrop, let’s look at the factors that make this stock an attractive pick.

What Makes EXPD an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the past year. Shares of EXPD have gained 43.4% in the past year, outperforming the 0.3% increase of the transportation-services industry it belongs to.

EXPD’s Six-Month YTD Price Comparison Image Source: Zacks Investment Research

Solid Zacks Rank: EXPD presently sports a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment.

Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. The Zacks Consensus Estimate for second-quarter 2026 earnings has moved 7.59% north in the past 60 days. For the current year, the consensus mark for earnings has been revised 10.26% upward in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.

Image Source: Zacks Investment Research

Positive Earnings Surprise History: EXPD has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average beat of 13.96%.

Image Source: Zacks Investment Research

Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For second-quarter 2026, EXPD’s earnings are expected to improve 16.42% year over year. For 2026 and 2027, Expeditors’ earnings are expected to improve 11.93% and 2.02% year over year, respectively.

Growth Factors:E-commerce growth is a tailwind for Expeditors. E-commerce, which has gained importance, leads to greater demand for intermodal services – the long-haul movement of shipping containers from ship to rail and truck.E-commerce demand strength should continue to support growth of companies like Expeditors.

Expeditors' strong financial position supports its growth-by-acquisition strategy. The company’s efforts to reward its shareholders through dividend payments and share buybacks are commendable. Such moves instill investor confidence and positively impact the company's bottom line.

Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider ZTO Express (ZTO - Free Report) and International Seaways (INSW - Free Report) . 

ZTO Express currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

ZTO Express has an expected earnings growth rate of 15.15% for the current year. The Zacks Consensus Estimate for ZTO Express’ 2026 earnings has moved 6.1% north in the past 90 days. ZTO Express’ top line continues to benefit from the strong performance of the core express delivery services unit.

INSW currently sports a Zacks Rank #1.

INSW has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 33.93%.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Expeditors International (EXPD - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Expeditors International currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if EXPD is a promising momentum pick, let's examine some Momentum Style elements to see if this logistics services provider holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For EXPD, shares are up 1.55% over the past week while the Zacks Transportation - Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.71% compares favorably with the industry's 2.97% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Expeditors International have increased 16.19% over the past quarter, and have gained 44.73% in the last year. In comparison, the S&P 500 has only moved 8.98% and 24.27%, respectively.

Investors should also pay attention to EXPD's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. EXPD is currently averaging 1,138,817 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with EXPD.

Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost EXPD's consensus estimate, increasing from $6.05 to $6.66 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that EXPD is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Expeditors International on your short list.