$EXPD
EXPEDITORS INTERNATIONAL OF WASHINGTON INC
CIK:0000746515|SEC Filings
Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | $ 3,502,335 | $ 2,651,885 | $ 6,285,297 | $ 5,318,304 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | [1] | 2,416,840 | 1,753,357 | 4,227,991 | 3,530,032 | |
| Salaries and related costs | 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 | ||
| Airfreight services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,494,842 | $ 951,787 | $ 2,525,705 | $ 1,853,547 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | 1,134,773 | 698,402 | 1,904,256 | 1,346,896 | ||
| Ocean freight and ocean services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 710,922 | 675,782 | 1,309,806 | 1,457,447 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | 531,886 | 483,475 | 947,907 | 1,057,376 | ||
| Customs brokerage and other services | ||||||
| Revenues: | ||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 1,296,571 | 1,024,316 | 2,449,786 | 2,007,310 | ||
| Operating Expenses: | ||||||
| Directly related cost of transportation and other expenses | $ 750,181 | $ 571,480 | $ 1,375,828 | $ 1,125,760 | ||
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