Logistics firm Expeditors' Q1 revenue beats, expects continued volatility

Expeditors International of Washington

05/05/2026 13:38

Overview

US logistics firm's Q1 revenue rose 4% yr/yr, beating analyst expectations

Diluted EPS for Q1 increased 16% to $1.71

Company returned $288 mln to shareholders via share repurchases

Outlook

Company expects freight environment to remain highly unpredictable due to global events and macroeconomic concerns

Expeditors anticipates continued volatility in air market and weak pricing in ocean market

Company expects robust demand for customs brokerage services due to tariff-driven complexity and global trade dynamics

Result Drivers

AIRFREIGHT MARGINS - Higher airfreight gross margins driven by increased per-kilo profitability and strong demand from technology customers, with some disruption from Middle East conflict

OCEAN FREIGHT DECLINE - Ocean freight revenues and profitability fell due to global capacity imbalances and lower export volumes from Asia, partly offset by cost control

CUSTOMS BROKERAGE GROWTH - Double-digit revenue and profit growth in customs brokerage and related services, driven by higher entry volumes, tariff complexity, and demand from technology clients

Company press release: ID:nBw4c1cCda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.80 bln
$2.62 bln (11 Analysts)
Q1 EPS
$1.71
Q1 Net Income
$230 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 5 "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 $142.00, about 1.6% above its May 4 closing price of $139.71

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 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.)