Expeditors beats Q4 revenue expectations; approves new $3 bln buyback

Expeditors International of Washington

24/02/2026 13:40

Overview

Logistics company's Q4 revenue beat analyst expectations despite a 3% yr/yr decline

Q4 EPS fell 11% yr/yr to $1.49

Company approved a new $3 bln share repurchase program

Outlook

Company expects ocean rates to remain soft in 2026 due to increased capacity

Expeditors to focus on growth diversification and pricing optimization in 2026

Company plans strategic investments in AI and customer vertical solutions for growth

Result Drivers

AIRFREIGHT GROWTH - Airfreight tonnage increased 6% driven by export volumes from North and South Asia, despite lower per-kilo profitability

OCEAN FREIGHT PRESSURE - Ocean freight revenue-per-container fell 41% yr/yr due to increased capacity and lower volumes, partially offset by higher order management volumes

CUSTOMS BROKERAGE DEMAND - Strong demand for customs brokerage services due to complexity and volume, supported by technology investments

Company press release: ID:nBw4xDXwma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$2.90 bln
$2.83 bln (10 Analysts)
Q4 EPS
$1.49
Q4 Net Income
$201 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy."

Wall Street's median 12-month price target for Expeditors International of Washington Inc is $143.00, about 4.4% below its February 23 closing price of $149.63

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)