Leases (Tables)

12 Months Ended

Dec. 31, 2025

Lease cost is recorded under rent and occupancy expenses in the consolidated statements of earnings and is comprised of the following for the year-ended December 31:


	2025		2024		2023
Operating lease cost	$	145,772	$	131,970	$	123,411
Variable lease cost		54,074		50,614		50,508
Total lease cost	$	199,846	$	182,584	$	173,919

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2025 are as follows:


2026	$	138,158
2027		118,846
2028		99,454
2029		81,613
2030		66,704
Thereafter		178,115
Total minimum lease payments		682,890
Less imputed interest		112,301
Lease liability	$	570,589

Schedule of Weighted-average Remaining Lease Term and Weighted-average Discount Rate

The weighted-average remaining lease term and weighted-average discount rate are as follows:


	2025			2024
Weighted-average remaining lease term (in years)		6.56			6.79
Weighted-average discount rate		5.67	%		5.11	%

Other Information Related to Leases

Other information related to the Company's operating leases are as follows:


	2025		2024		2023
Right-of-use assets obtained in exchange for new operating lease liabilities	$	100,629	$	154,197	$	105,888
Cash paid for amounts included in the measurement of lease liabilities	$	141,784	$	128,481	$	120,793

EXPEDITORS INTERNATIONAL OF WASHINGTON INC 10-K