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Sentiment · FY2026 Q2
Expeditors returned to growth in Q1 2026 with revenue up 4% to $2.8 billion and EPS surging 16% to $1.71, driven by strong margin improvement as the company's diversification strategy delivered double-digit growth across customs, Transcon, distribution, and order management. While ocean revenues continued to decline on persistent overcapacity and lower per-container profitability, the non-asset-based model proved resilient as airfreight margins improved sequentially on better rate stability. Middle East conflict created significant disruption in March 2026, but the company adapted quickly with solutions to keep freight moving around impacted areas.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.95B | +29.7% | $1.68 | +54.1% | 13.1% | 10.2% | 8.0% | $240M |
| FY2025 Q1 | $2.67B | +20.8% | $1.47 | +25.6% | 13.2% | 10.0% | 7.6% | $329M |
| FY2025 Q2 | $2.65B | +8.7% | $1.34 | +8.1% | 15.6% | 9.3% | 6.9% | $163M |
| FY2025 Q3 | $2.89B | -3.5% | $1.64 | +0.6% | 16.1% | 10.0% | 7.7% | $190M |
| FY2025 Q4 | $2.86B | -3.3% | $1.49 | -11.3% | 14.5% | 8.8% | 7.0% | $270M |
| FY2026 Q1 | $2.78B | +4.4% | $1.71 | +16.3% | 34.9% | 10.6% | 8.3% | $297M |
| FY2026 Q2 | $3.50B | +32.1% | $2.03 | +51.5% | 29.3% | 10.0% | 7.6% | $679M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
EXPD Expeditors International | 7 | +4.4% | |
| CHRW C.H. Robinson | 4 | -0.8% | |
| FDX FedEx | 9 | +8.3% | |
| JBHT J.B. Hunt | 7 | +4.6% | |
| UPS United Parcel Service | 3 | -1.6% |