Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Expeditors International delivered a strong Q1 2026 with revenue up 4.4% YoY to $2.78B, net income surging 12.7% to $229.6M, and EPS jumping 16.2% to $1.72, while aggressively returning capital to shareholders via $287.6M in share buybacks.
Revenue
$2.78B
+4.37% YoY
EPS (Diluted)
$1.71
+16.33% YoY
Operating Income
$294.83M
+10.90% YoY
Source: SEC XBRL
EXPD reported Q1 FY2026 revenue of $2.78B, up 4.4% year over year. Operating margin was 10.6%, up 0.6 points from 10.0% a year earlier. Operating cash flow was $309.23M, down 9.7% year over year. EXPD's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.03 | 1.72 | Beat +18.0% |
| Mar 2026This filing | 1.71 | 1.35 | Beat +26.2% |
| Dec 2025 | 1.49 | 1.49 | Miss -0.2% |
| Sep 2025 | 1.64 | 1.43 | Beat +15.1% |
Reported EPS of $1.71 versus the $1.35 analyst consensus — a +26.2% beat for Mar 2026.
Compiled by AI from this SEC filing
Total revenue grew 4.4% YoY to $2.78B in Q1 2026 (from $2.67B in Q1 2025), reflecting continued demand for Expeditors' freight forwarding and logistics services despite a complex global trade environment.
Source: 10-Q Income Statement, XBRL Financial Data
Operating income rose 10.9% YoY to $294.8M, with operating margin expanding approximately 62 basis points to 10.6% from 9.97% in the prior-year period, demonstrating meaningful operating leverage on incremental revenue.
Source: 10-Q Income Statement & Key Ratios, XBRL Financial Data
Net income grew 12.7% YoY to $229.6M while diluted EPS surged 16.3% to $1.71 (from $1.47), with EPS growth outpacing net income growth due to the significant reduction in share count from aggressive buyback activity.
Source: 10-Q Income Statement, XBRL Financial Data
Expeditors repurchased $287.6M in shares during Q1 2026, a 62.2% increase from $177.4M in Q1 2025, driving financing cash outflows of $289.8M and reflecting management's confidence in the business and commitment to shareholder returns.
Source: 10-Q Cash Flow Statement, XBRL Financial Data
The company maintained $1.32B in cash and equivalents and a current ratio of 1.79x as of Q1 2026, with total assets of $4.78B and stockholders' equity of $2.28B, underscoring a conservative and well-capitalized financial position.
Source: 10-Q Balance Sheet, XBRL Financial Data
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Operating cash flow fell 9.7% YoY to $309.2M in Q1 2026 despite strong net income growth of 12.7%, suggesting potential working capital headwinds or timing differences in receivables and payables. If this divergence persists, it could signal deteriorating cash conversion quality. Investors should monitor whether this is a temporary timing issue or a structural trend.
Source: 10-Q Cash Flow Statement, XBRL Financial Data
The company spent $287.6M on share repurchases in a single quarter, a 62.2% increase YoY, which drove total financing outflows to $289.8M. While buybacks enhance EPS, this pace of capital return significantly reduces the cash buffer and could limit flexibility if freight market conditions deteriorate. Cash and equivalents declined slightly to $1.32B.
Source: 10-Q Cash Flow Statement & Balance Sheet, XBRL Financial Data
With a net margin of 8.25% and operating margin of 10.6%, Expeditors' profitability is sensitive to fluctuations in global air and ocean freight rates, which can compress or expand spreads rapidly. As a freight forwarder, the company earns the spread between carrier costs and customer charges, making margins vulnerable to sudden rate normalization. Any softening in freight demand could quickly pressure earnings.
Source: 10-Q Income Statement & Key Ratios, XBRL Financial Data
Expeditors operates a global freight forwarding network highly dependent on stable international trade flows. Escalating tariffs, trade restrictions, or geopolitical conflicts (e.g., U.S.-China trade tensions, Red Sea disruptions) can materially alter shipping routes, volumes, and customer demand patterns. The company's revenue concentration in transpacific and transatlantic lanes makes it particularly exposed to bilateral trade policy changes.
Source: 10-Q Financial Data, XBRL Financial Data
Total assets grew only 0.5% YoY to $4.78B while current liabilities increased 2.6% to $2.04B, slightly compressing the current ratio. Stockholders' equity was essentially flat at $2.28B (-0.1% YoY), suggesting that buybacks are offsetting retained earnings accumulation. Continued aggressive buybacks without commensurate earnings growth could gradually weaken the balance sheet.
Source: 10-Q Balance Sheet, XBRL Financial Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.78 $B | 2.67 $B | +4.37% |
Operating Income $M | 294.83 $M | 265.86 $M | +10.90% |
Net Income $M | 229.61 $M | 203.80 $M | +12.67% |
EPS (Basic) $ | 1.72 $ | 1.48 $ | +16.22% |
EPS (Diluted) $ | 1.71 $ | 1.47 $ | +16.33% |
Answers draw on this SEC filing and the data on this page
Expeditors' Q2 FY2026 earnings surged, with EPS of $2.03 on 32% revenue growth, powered by explosive airfreight and customs brokerage demand from AI infrastructure investments.
Expeditors International (EXPD) delivered modest FY2025 growth with revenue up 4.4% to $11.07B and net income essentially flat at $810M, while operating cash flow surged 39.1% to $1.01B, reflecting strong cash generation despite slight margin compression.
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