Financials · EXPD

Expeditors International of Washington Inc. (EXPD) financials

For the twelve months ended Sep 30, 2026, Expeditors International of Washington Inc. reported $13.25B of revenue and $1.04B of net income.

Revenue, TTM
$13.25B
Revenue growth, YoY
+18.6%
Net income, TTM
$1.04B
Net income growth, YoY
+23.1%
Net margin
7.9%
Free cash flow, TTM
$927.87M
EPS, diluted, TTM
$7.89
EPS growth, YoY
+28.7%
Cash
$1.09B
P/E
22.89
P/S
1.80
Market cap
$23.83B
Annual revenue$11.07B
FY2016FY2025
Annual net income$810.33M
FY2016FY2025
Annual free cash flow$953.40M
FY2016FY2025

EXPD revenue and earnings growth

EXPD revenueQ3 2026$4.11B

Quarter YoY
+41.9%
QoQ
+17.3%
FY YoY
+4.4%
5Y CAGR
+2.9%
10Y CAGR
+5.3%

EXPD revenue was $4.11B in fiscal Q3 2026 (ended Sep 30, 2026), up 41.9% from a year earlier and up 17.3% from the prior quarter. For the full fiscal 2025 it was $11.07B, up 4.4% from fiscal 2024. Compound annual growth was +2.9% over 5 years and +5.3% over 10 years. It rose in 7 of the last 10 fiscal years.

EXPD net incomeQ3 2026$344.51M

Quarter YoY
+55.0%
QoQ
+29.4%
FY YoY
+0.0%
5Y CAGR
+3.1%
10Y CAGR
+5.9%

EXPD net income was $344.51M in fiscal Q3 2026 (ended Sep 30, 2026), up 55.0% from a year earlier and up 29.4% from the prior quarter. For the full fiscal 2025 it was $810.33M, up 0.0% from fiscal 2024. Compound annual growth was +3.1% over 5 years and +5.9% over 10 years. It rose in 6 of the last 10 fiscal years.

EXPD EPSQ3 2026$2.65

Quarter YoY
+61.6%
QoQ
+30.5%
FY YoY
+4.0%
5Y CAGR
+7.9%
10Y CAGR
+9.5%

EXPD diluted EPS was $2.65 in fiscal Q3 2026 (ended Sep 30, 2026), up 61.6% from a year earlier and up 30.5% from the prior quarter. For the full fiscal 2025 it was $5.95, up 4.0% from fiscal 2024. Compound annual growth was +7.9% over 5 years and +9.5% over 10 years.

EXPD free cash flowQ3 2026$194.28M

Quarter YoY
+2.1%
QoQ
+16.6%
FY YoY
+39.6%
5Y CAGR
+9.4%
10Y CAGR
+6.2%

EXPD free cash flow was $194.28M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.1% from a year earlier and up 16.6% from the prior quarter. For the full fiscal 2025 it was $953.40M, up 39.6% from fiscal 2024. Compound annual growth was +9.4% over 5 years and +6.2% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$11.07B$10.60B$9.30B$17.07B$16.52B$9.58B$7.94B$8.14B$6.92B$6.10B
Operating income$1.05B$1.04B$939.93M$1.82B$1.91B$940.44M$766.69M$796.56M$700.26M$670.16M
Interest expense--$4.80M$23.28M$411.0K$219.0K----
Pre-tax income$1.09B$1.09B$1.02B$1.84B$1.92B$956.56M$795.79M$818.33M$718.60M$686.86M
Income tax$282.01M$283.17M$263.25M$475.29M$505.77M$258.35M$203.78M$198.54M$228.21M$254.32M
Net income$810.33M$810.07M$752.88M$1.36B$1.42B$696.14M$590.39M$618.20M$489.35M$430.81M
EPS, basic$5.97$5.75$5.05$8.33$8.37$4.14$3.45$3.55$2.73$2.38
EPS, diluted$5.95$5.72$5.01$8.26$8.27$4.07$3.39$3.48$2.69$2.36
Diluted shares136.2M141.7M150.2M164.4M171.3M170.9M174.2M177.8M181.7M182.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.31B$1.15B$1.51B$2.03B$1.73B$1.53B$1.23B$923.74M$1.05B$974.43M
Receivables$2.02B$2.00B$1.53B$2.11B$3.81B$2.00B$1.32B$1.58B$1.41B$1.19B
Current assets$3.76B$3.66B$3.44B$4.52B$6.64B$3.96B$2.77B$2.73B$2.54B$2.22B
Goodwill$7.93M$7.93M$7.93M$7.93M$7.93M$7.93M$7.93M$7.93M$7.93M$7.93M
Total assets$4.89B$4.75B$4.52B$5.59B$7.61B$4.93B$3.69B$3.31B$3.12B$2.79B
Current liabilities$2.07B$2.07B$1.70B$2.05B$3.73B$1.89B$1.17B$1.33B$1.09B$929.93M
Total liabilities$2.54B$2.53B$2.13B$2.48B$4.11B$2.26B$1.49B$1.33B$1.12B$943.66M
Shareholders' equity$2.36B$2.22B$2.39B$3.11B$3.50B$2.66B$2.20B$1.99B$1.99B$1.85B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.01B$723.36M$1.05B$2.13B$868.49M$654.97M$771.69M$572.80M$488.64M$529.49M
Capital expenditures$53.10M$40.47M$39.31M$86.82M$36.25M$47.54M$47.02M$47.47M$95.02M$59.32M
Free cash flow$953.40M$682.89M$1.01B$2.04B$832.25M$607.43M$724.67M$525.33M$393.62M$470.17M
Investing cash flow-$44.70M-$40.52M-$39.43M-$87.71M-$36.65M-$46.03M-$46.02M-$48.40M-$11.69M-$53.20M
Financing cash flow-$802.48M-$1.03B-$1.54B-$1.68B-$613.55M-$331.49M-$417.80M-$627.74M-$424.56M-$298.80M
Dividends paid$207.44M$204.09M$202.03M$213.80M$195.77M$174.93M$170.55M$156.84M$150.50M$145.12M
Share repurchases$667.31M$855.06M$1.39B$1.58B$514.59M$332.39M$389.06M$647.90M$478.26M$337.66M
Stock-based compensation$69.23M$64.36M$58.40M$64.40M$69.39M$62.50M$61.54M$56.15M$50.91M$45.22M
Depreciation and amortization$56.77M$61.09M$67.76M$57.34M$51.31M$56.96M$50.95M$54.02M$49.31M$46.80M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.4%14.0%-45.5%3.3%72.4%20.7%-2.4%17.6%13.5%-7.8%
Net income growth, YoY0.0%7.6%-44.5%-4.1%103.3%17.9%-4.5%26.3%13.6%-5.8%
EPS growth, YoY4.0%14.2%-39.3%-0.1%103.2%20.1%-2.6%29.4%14.0%-1.7%
Operating margin9.5%9.8%10.1%10.7%11.6%9.8%9.7%9.8%10.1%11.0%
Net margin7.3%7.6%8.1%8.0%8.6%7.3%7.4%7.6%7.1%7.1%
Free cash flow margin8.6%6.4%10.9%12.0%5.0%6.3%9.1%6.5%5.7%7.7%
Return on equity34.4%36.4%31.5%43.6%40.5%26.1%26.9%31.1%24.5%23.3%
Return on assets16.6%17.0%16.6%24.3%18.6%14.1%16.0%18.7%15.7%15.4%
Current ratio1.811.772.022.201.782.092.372.062.322.39

Source: XBRL data Expeditors International of Washington Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EXPD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
EXPD$13.25B+18.6%$1.04B7.9%$23.83B
CHRW$18.22B+10.4%$668.81M3.7%$14.53B
BCO$5.52B+7.3%$164.70M3.0%$4.54B
HUBG$3.73B-5.8%$104.97M2.8%$1.48B
FWRD$2.52B-0.1%-$292.07M-11.6%$562.1M
RLGT$934.36M+3.5%$18.79M2.0%$417.6M
PSIG$53.15M-39.0%-$15.21M-28.6%$78.1M
NCEW$44.08M-15.5%-$10.67M-24.2%$52.8M
CRGO$29.46M+23.9%-$17.52M-59.5%$34.2M

EXPD FAQ

8 questions
  • What is EXPD revenue?
    Expeditors International of Washington Inc. (EXPD) reported $13.25B of revenue for the twelve months ended Sep 30, 2026. That is up 18.6% from the year before. Revenue for fiscal 2025 was $11.07B.
  • Is EXPD profitable?
    Yes. Expeditors International of Washington Inc. earned $1.04B in net income for the twelve months ended Sep 30, 2026, a net margin of 7.9%.
  • How much cash and debt does EXPD have?
    Expeditors International of Washington Inc. reported $1.09B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is EXPD revenue growing?
    Expeditors International of Washington Inc.'s revenue changed +4.4% in fiscal 2025, to $11.07B. Its compound annual growth rate was +2.9% over 5 years and +5.3% over 10 years.
  • What is EXPD free cash flow?
    Expeditors International of Washington Inc. generated $927.87M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $983.74M less capital expenditures.
  • What is EXPD earnings per share?
    Diluted earnings per share were $7.89 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did EXPD last report financial results?
    The latest statements here come from Expeditors International of Washington Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this EXPD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Expeditors International of Washington Inc. files with the SEC. It is provided for information only and is not investment advice.