Exhibit 99.1
PRESS RELEASE
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Expeditors International of Washington, Inc. |
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3545 Factoria Blvd. SE |
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Sterling Plaza 2, 3rd Floor |
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Bellevue, Washington 98006 |
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CONTACTS: |
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Daniel R. Wall |
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David A. Hackett |
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Geoffrey Buscher |
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President and Chief Executive Officer |
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Senior Vice President and Chief Financial Officer |
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Director - Investor Relations |
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(206) 674-3455 |
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(206) 674-3400 |
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(206) 892-4510 |
FOR IMMEDIATE RELEASE
EXPEDITORS ANNOUNCES SEMI-ANNUAL CASH DIVIDEND OF $0.81
BELLEVUE, WASHINGTON - May 5, 2026, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026.
“Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Board authorized a new share repurchase program that permits the repurchase of up to $3 billion of our common stock. With our history of being a dividend aristocrat, combined with this 5% dividend increase and our new $3 billion share repurchase program, we demonstrate our commitment to returning substantial cash to our shareholders.”
About Expeditors International of Washington, Inc:
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 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.