康捷国际物流 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromtoCommission File Number: 001-41871 EXPEDITORS INTERNATIONAL OFWASHINGTON, INC. (Exact name of registrant as specified in its charter) 91-1069248(IRS EmployerIdentification Number) (Registrant’s telephone number, including area code):(206) 674-3400 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered EXPD Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒At May 1, 2026, the number of shares outstanding of the issuer’s common stock was 130,791,133. EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Condensed Consolidated Balance Sheets(In thousands, except per share data)(Unaudited) EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Condensed Consolidated Statements of Earnings(In thousands, except per share data)(Unaudited) EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Income(In thousands)(Unaudited) EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Condensed Consolidated Statements of Equity(In thousands)(Unaudited) EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements(In thousands, except per share data)(Unaudited) Note 1. Summary of Significant Accounting Policies A.Basis of Presentation Expeditors International of Washington, Inc. (the Company) is a non-asset-based provider of global logisticsservices operating through a worldwide network of offices and exclusive or non-exclusive agents. The Company servesa diverse clientele in the technology sector - including cloud & data center services; hyperscalers; semiconductor;personal computers and compute hardware - and industries such as healthcare, automotive, aviation, aerospace, retailand high fashion. The unaudited condensed consolidated financial statements have been prepared pursuant to the rules andregulations of the Securities and Exchange Commission. As a result, certain information and note disclosures normallyincluded in financial statements prepared in accordance with accounting principles generally accepted in the UnitedStates (U.S. GAAP) have been condensed or omitted. The Company believes that the disclosures made are adequateto make the information presented not misleading. The condensed consolidated financial statements reflect alladjustments, consisting of normal recurring items, which are, in the opinion of management, necessary for the fairpresentation of the results for the interim periods presented. These condensed consolidated financial statementsshould be read in conjunction with the consolidated financial statements and related notes included in the Company'sForm 10-K as filed with the Securities and Exchange Commission on February 25, 2026. All significant intercompany accounts and transactions have been eliminated in consolidation. All dollar amountsin the notes are presented in thousands except for per share data or unless otherwise specified. B.Revenue Recognition The Company derives its revenues by entering into agreements that are generally comprised of a singleperformance obligation, which is