Expeditors International of Washington reported second-quarter 2026 results that blew past prior-year numbers, with diluted earnings per share jumping 51% to $2.03, net earnings rising 45% to $266 million, and revenue climbing 32% to $3.5 billion. The growth was broad-based, with customs brokerage, Transcon, Distribution, and Order Management each posting double-digit revenue growth for a second consecutive quarter, while airfreight tonnage rose 14% year over year and 16% sequentially, driven by AI hyperscaler demand and e-commerce from North Asia. Ocean freight volumes increased 7% sequentially, the first such gain since the third quarter of 2025, and the company returned $461 million to shareholders in the quarter. However, management flagged that elevated airfreight rates tied to the Middle East conflict and a temporary surge in IEEPA-related customs filings may not repeat, and a $25 million restructuring charge for its Global Technology team, expected to trim annual costs by roughly $50 million, weighed on results. Hedge fund ownership slipped slightly to 44 funds, short interest is just 3.77% of float, and the stock trades at a forward P/E of 24.33 as of September 4.
Expeditors International of Washington, Inc.Expeditors posts 51% EPS jump and strong revenue growth, but restructuring charge and non-repeatable gains temper outlook.
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