Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
The airfreight boom was mostly price, not tonnage
Sell rates rose 44% while tonnage rose 14%, so the line's revenue rests on rates that tight capacity pushed up.
For investorsWhat profit depends on if freight rates ease
For foundersBuilding a lasting business on other companies' assets
Direct costs rose to 69.01% of revenue, but overhead lagged, so operating income outgrew revenue.
Brokerage pays out 57.9% of its revenue in direct costs against 75.9% for airfreight, because it sells expertise.
Operating cash flow matched a year earlier while net earnings to shareholders rose 45.02%, as customer bills piled up.
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Business Lens describes Expeditors International from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
