Latest quarter
Expeditors reported Q2 FY2026 revenue of $3.5 billion, which was 20.7% above the consensus revenue of $2.9 billion. The company reported adjusted EPS, as the consensus counts it, of $2.03, or 20.8% above consensus adjusted EPS of $1.68. Revenue was 32.1% higher than a year earlier, while diluted EPS rose 51.5% to $2.03.
The filing attributed the revenue increase to performance and volumes across most services. It said airfreight-services revenue increased 57%, customs brokerage and other-services revenue increased 27%, and ocean freight and ocean-services revenue increased 5% as average buy and sell rates and containers shipped began increasing later in the quarter. Expeditors reported a gross margin of 31.0%, compared with 33.9% a year earlier, while operating margin was 9.98%, compared with 9.34%. The company reported free cash flow of $166.6 million, compared with $163.3 million a year earlier.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $3.5 billion | $2.7 billion | 32.1% |
| Diluted EPS | $2.03 | $1.34 | 51.5% |
| Gross margin | 31.0% | 33.9% | −2.9 percentage points |
| Operating margin | 9.98% | 9.34% | 0.6 percentage points |
| Free cash flow | $166.6 million | $163.3 million | 2.03% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $2.03 | $1.68 | Beat by 20.8% |
| Revenue | $3.5 billion | $2.9 billion | Beat by 20.7% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
A latest earnings-call transcript is not available for this page. The company’s call commentary, analyst questions and management responses therefore cannot be reported here.
Guidance
Management’s guidance is not available for this page. Consequently, this section cannot report changes from prior guidance, updated outlook, or guidance that management stopped giving.