Expeditors Q2 2026: EPS up 51% to $2.03 as revenue jumps 32%
Expeditors delivered a blowout second quarter: earnings per share of $2.03 beat the $1.72 consensus by 18%, on revenue up 32% to $3.50 billion. The view is Bullish, because the profit gain came with real volume growth in air freight and double-digit growth in customs, not just rate inflation. Read the numbers knowing that elevated air rates, tariff complexity and a $25 million restructuring charge all shaped the result.
1 · Expected vs. Actual
Free preview belowDiluted earnings per share of $2.03 rose 51% from $1.34 and beat the $1.72 consensus estimate by $0.31, or 18.0%. Net earnings rose 45% to $266.2 million and operating income rose 41% to $349.6 million. The number includes a $25 million pretax restructuring charge that was partly offset by a $16 million gain on the sale of an underutilized property.
Revenue rose 32% to $3.50 billion from $2.65 billion a year earlier. Airfreight was the engine, up 57.1% to $1.49 billion; customs brokerage and other services grew 26.6% to $1.30 billion, and ocean freight added 5.2% to reach $710.9 million. Airfreight tonnage rose 14% and ocean container volume was flat, so most of the air freight jump is price rather than volume.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.