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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 23, 2026

 

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Washington

001-41871

91-1069248

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

3545 Factoria Blvd SE

Sterling Plaza 2

3rd Floor

 

Bellevue, Washington

 

98006

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 206 674-3400

 

 

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.01 per share

 

EXPD

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


Item 8.01 Other Events.

On February 24, 2026, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing an authorization to repurchase shares. A copy of the press release is furnished as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits.

(d) The following items are filed as exhibits to this report:

 

99.1 Press release, dated February 24, 2026 issued by Expeditors International of Washington, Inc.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.

 

 

 

 

Date:

February 24, 2026

By:

/s/ David A. Hackett

 

 

 

David A. Hackett, Senior Vice President and Chief Financial Officer

 


EX-99.1 2 expd-ex99_1.htm EX-99.1 EX-99.1

 

Exhibit 99.1

img147555614_0.jpg
 

PRESS RELEASE

 

By:

 

Expeditors International of Washington, Inc.

 

 

 

 

Sterling Plaza 2, 3rd Floor

 

 

 

 

3545 Factoria Blvd. SE

 

 

 

 

Bellevue, Washington 98006

 

 

 

 

 

 

 

 

 

 

 

CONTACTS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Daniel R. Wall

 

David A. Hackett

 

Geoffrey Buscher

 

 

President and Chief Executive Officer

 

Senior Vice President and Chief Financial Officer

 

Director - Investor Relations

 

 

(206) 674-3455

 

(206) 674-3400

 

(206) 892-4510

 

FOR IMMEDIATE RELEASE

 

EXPEDITORS ANNOUNCES NEW SHARE REPURCHASE PROGRAM

 

BELLEVUE, WASHINGTON – February 24, 2026, Expeditors International of Washington, Inc. (NYSE: EXPD) today announced that on February 23, 2026, its Board of Directors authorized a new share repurchase program that permits the repurchase of up to $3 billion of the Company's common stock. The repurchase authorization will be effective upon expiration of the current authorization allowing the Company to repurchase outstanding shares down to 130 million, which the Board approved on February 19, 2024.

 

“The first priority of our capital deployment strategy is to invest in organic growth initiatives,” said David A. Hackett, Senior Vice President and Chief Financial Officer. “Given our capital-efficient business model and significant operating cash flows, we expect substantial excess cash after making such investments. We plan to return this excess cash to shareholders in the form of dividends and share repurchases. Our position as a ‘dividend aristocrat,’ coupled with this share repurchase authorization, demonstrates our ability to return substantial cash to our owners.”

 

About Expeditors International of Washington, Inc.

Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 172 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
 

Disclaimer on Forward-Looking Statements:

Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding our capital deployment strategy, significant operating cash flows, and our ability to return excess cash to shareholders in the form of dividends and share repurchases. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.