Expeditors International

(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 (EPS 1 ) 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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

As the Company's leases generally do not have an implicit rate, the Company uses an estimated incremental borrowing rate based on market information available at the commencement date to determine the present value.

SEC original ↗Expeditors International — 10-Q Quarterly report10-QAug 5, 2026

Shareholders' Equity Under a Board-authorized discretionary share repurchase plan, the Company was authorized to repurchase common stock until outstanding shares reached 130 million.

SEC original ↗Expeditors International — 10-Q Quarterly report10-QAug 5, 2026

As soon as hostilities began, we developed strategies and solutions for our customers to keep freight moving out of and around impacted areas.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

We remained agile and focused on risk management while also managing buy and sell rates during this dynamic time.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

The President and Chief Executive Officer was determined to be the Chief Operating Decision Maker (CODM) , as in his capacity he is responsible for setting company strategies and initiatives, establishing company policies, allocating company resources and assessing the performance of the Company s business segments.

SEC original ↗Expeditors International — 10-Q Quarterly report10-QAug 5, 2026

The CODM uses operating income to review financial performance, progress of the Company's strategic initiatives and to determine compensation of segment managers.

SEC original ↗Expeditors International — 10-Q Quarterly report10-QAug 5, 2026

Customs brokerage and other services : “Higher entry volumes and complexity, along with tariff-related activity, drove revenue increases in our customs brokerage business.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

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.

SEC original ↗Expeditors International — Earnings release (8-K exhibit)EX-99May 5, 2026

To make that judgment, the Company assesses whether the position is more likely than not to be upheld if challenged, including through any related appeals or litigation, based on the technical strength of the position and advice from qualified legal and tax advisors.

SEC original ↗Expeditors International — 10-Q Quarterly report10-QAug 5, 2026