Expeditors International said on February 24, 2026 that on February 23, 2026 its Board of Directors authorized a new share repurchase program permitting the repurchase of up to $3 billion of the Company's common stock.

1. 01

   Expeditors International said on February 24, 2026 that on February 23, 2026 its Board of Directors authorized a new share repurchase program permitting the repurchase of up to $3 billion of the Company's common stock.

2. 02

   The company said the new repurchase authorization will be effective upon expiration of the current authorization, which the Board approved on February 19, 2024, allowing the Company to repurchase outstanding shares down to 130 million.

3. 03

   Expeditors said David A. Hackett, Senior Vice President and Chief Financial Officer, stated that the first priority of its capital deployment strategy is to invest in organic growth initiatives, and that it plans to return excess cash generated thereafter to shareholders in the form of dividends and share repurchases.

4. 04

   The company said that based on its capital-efficient business model and significant operating cash flows, it expects substantial excess cash after making such investments, and that its position as a dividend aristocrat, coupled with this share repurchase authorization, demonstrates its ability to return substantial cash to shareholders.

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Original filing

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