EXPD · Q3 EPS $2.65, +62% YoY

Expeditors reported Q3 2026 diluted EPS of $2.65, up 62% YoY, on revenue of $4.1 billion, up 42% YoY. Both EPS and revenue significantly exceeded consensus estimates of $2.23 and $3.60B, driven by broad-based double-digit growth across airfreight, ocean freight, and customs brokerage. Operating margin expanded to 36.7% from 30% a year ago, and the company guided for continued strong demand from hyperscalers and AI infrastructure customers.

• Diluted EPS of $2.65, up 62% from $1.64 in Q3 2025
• Revenue of $4.1 billion, up 42% from $2.9 billion in Q3 2025
• Operating income of $445 million, up 55% from $288 million in Q3 2025
• Operating margin expanded to 36.7% from 30% in Q3 2025