---
title: "Expeditors International of Washington Inc 1Q 2026: Revenue $2.783B, EPS $1.71— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285426944.md"
description: "Expeditors International of Washington Inc reported Q1 2026 results with revenue of $2.783B and diluted EPS of $1.71, reflecting a 4% year-over-year growth. Net income rose 13% to $229.6M. Growth was driven by a 14% increase in air services and 17% in customs, despite a 23% decline in ocean volumes. The company maintained its non-asset model and global presence while adapting to market changes, including increased demand from technology customers and evolving tariffs."
datetime: "2026-05-06T19:51:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285426944.md)
  - [en](https://longbridge.com/en/news/285426944.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285426944.md)
---

# Expeditors International of Washington Inc 1Q 2026: Revenue $2.783B, EPS $1.71— 10-Q Summary

Expeditors International of Washington Inc reported first-quarter 2026 results with revenue of $2.783B and diluted EPS of $1.71, reflecting year-over-year growth driven by strength in air and customs services despite a drop in ocean volumes.

**Financial Highlights**

-   Revenue was $2.783B for Q1 2026, up from $2.666B in Q1 2025; YoY change 4%.
-   Net income was $229.6M attributable to shareholders for Q1 2026, up from $203.8M in Q1 2025; YoY change 13%.
-   Diluted EPS was $1.71 for Q1 2026, up from $1.47 in Q1 2025; YoY change 16%.

**Business Highlights**

-   Revenue growth of 4% was driven by a 14% increase in air and 17% growth in customs, which offset a 23% decline in ocean volumes.
-   The company saw a channel shift from ocean to air and customs services as ocean sell/buy rates fell and technology-driven air demand increased.
-   Strong demand from technology customers, including AI infrastructure, boosted air, road freight and warehousing volumes.
-   Expeditors maintained its non-asset model and global footprint across 60+ countries while rerouting shipments around Middle East disruptions.
-   Customs brokerage volumes and fees rose due to evolving tariffs, regulatory complexity and increased post-entry activity.

Original SEC Filing: EXPEDITORS INTERNATIONAL OF WASHINGTON INC \[ EXPD \] - 10-Q - May. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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