Expeditors International of Washington, Inc. (EXPD), on Tuesday reported higher income in the first quarter of 2026 compared with the previous year, supported by strong execution during a period of disruption, with the company leveraging its non-asset-based model to grow revenue and margins, while quickly adapting operations and providing solutions to keep freight moving despite Middle East challenges.
For the first quarter, net income attributable to shareholders increased to $229.61 million from $203.80 in the previous year.
Earnings per share were $1.71 versus $1.47 last year.
Operating income rose to $2.49 million from $265.86 million in the prior year.
Revenue increased to $2.78 billion from $2.67 billion in the previous year.
Looking ahead, the company also said that it expects a volatile freight market, with uncertainty in air and ocean segments, partly offset by strong demand for customs brokerage and new business opportunities.
In the pre-market trading, Expeditors International of Washington is 4.93% higher at $146.56 on the New York Stock Exchange.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.