Expeditors Q3 revenue beats estimates on airfreight demand
EXPD•EXPD•EXPD•EXPD•Expeditors’ third-quarter revenue rose 42% year over year to $4.10 billion, beating the $3.57 billion estimate. Diluted EPS increased 62% to $2.65, and the company expects congestion and supply chain challenges to persist through the end of 2026.
Expeditors reported third-quarter revenue of $4.10 billion, up 42% year over year and above the $3.57 billion analyst estimate. Diluted EPS rose 62% to $2.65, and net income was $345 million.
Strong airfreight demand, particularly from hyperscalers and AI infrastructure suppliers, drove record tonnage growth. Ocean freight volumes rose 7% year over year, while customs brokerage, distribution and supply chain services posted double-digit growth.
The company expects congestion and supply chain challenges to continue through the end of 2026. It plans to keep investing in AI and technology, and said its new business pipeline remains strong.
