Expeditors International of Washington, Inc. (EXPD) Earnings Call Transcripts

Expeditors International of Washington, Inc.'s Latest Earnings Call - June 23, 2026

In the second quarter of fiscal year 2026, Expeditors International of Washington, Inc. reported a revenue of $2.1 billion, a decrease from $2.3 billion in the previous quarter, reflecting a challenging market environment. Earnings per share (EPS) came in at $0.75, down from $0.90 in Q1 2026. Management indicated that while demand is expected to remain tight through August, they anticipate a potential rebound in the second half of the year, contingent on geopolitical developments and market adjustments.

Reported metrics

Guidance from management

Management maintained a cautious outlook, indicating that the tight market conditions are expected to persist through August, with a potential rebound in demand anticipated in the latter half of 2026.

What management said

Absolutely. Thank you, Scott. Thank you, James. So if you all would just remember, you can drop your questions into the Q&A box. I know we did have a couple of questions come through the registration process. One of those, I believe, John, kind of touched on a little earlier focused on kind of an estimated time line on when CRIs and PSS should start to dwindle out. So I believe we covered that, John, correct me if I'...

Yes. It's become our new norm, which seems like since the day COVID hit geopolitical well, we can even go further back when we talk about the tariffs back in, I believe it was 2016, '17-ish. I mean since then, we're almost -- I mean we're 9 years into these geopolitical situations that are directly having an impact on how carriers do business, how we do business, how importers, exporters do business. So it's here unt...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on shipping routes and costs, as well as the potential for ongoing volatility in fuel prices. There are also worries about the sustainability of demand growth in light of these challenges.

Main topics on the call

• Market Demand Trends — Management noted that demand is currently up but not robust, stating, "the demand is up, but it's not robust, but it is up." They anticipate a tight market through August, with expectations of a rebound in the latter hal...
• Capacity Management — Scott Kelly highlighted that carriers are managing capacity tightly, saying, "the carriers are responding very quickly to drive up the cost for the customers in the rates." This indicates a strategic approach to maintain...
• Fuel Costs and Pricing Strategies — Fuel costs have been a significant concern, with management stating, "the fuel costs are the #1 cost for the carriers have gone up dramatically." They expect these costs to stabilize, which could impact pricing strategie...
• Geopolitical Risks — The ongoing geopolitical tensions, particularly in the Middle East, have created uncertainties in shipping routes. Management noted, "the situation in the Strait of Hormuz... has been significant," indicating potential d...

Read the full Expeditors International of Washington, Inc. transcript (June 23, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 155 Expeditors International of Washington, Inc. earnings call transcripts on record, spanning September 21, 2020 to June 23, 2026. Based on this history, Expeditors International of Washington, Inc. reports quarterly. The most recent call on file is dated June 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EXPD

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Air Freight and Logistics

Calls on record

155

First call

September 21, 2020

Most recent

June 23, 2026

Reporting cadence

quarterly