Logo: Expeditors International of Washington, Inc., Public domain, via Wikimedia Commons6
Logistics company in Washington, US
Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents. As a service-based company, Expeditors does not own the aircraft, ships, or trucks used every day.3 Its shares trade on NYSE under the symbol EXPD.1Wikipedia text CC BY-SA 4.0
$195.61down 3.03 (1.53%)Price as of Oct 16, 2026 at 19:58 UTC
Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue1112131410$11.1B in 2025+39% since 2019Operating income1112131410$1.1B in 2025+37% since 2019Net income1112131410$810.3M in 2025+37% since 2019
Revenue1516$3.5B in Q2 FY2026+26% since Q1 FY2026Operating income1516$349.6M in Q2 FY2026+19% since Q1 FY2026Net income1516$266.2M in Q2 FY2026+16% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Revenue from Contract with Customer, Excluding Assessed Tax
$11.1B
$10.6B
$9.3B
Directly related cost of transportation and other expenses
$7.4B
$7.2B
$6.1B
Salaries and related costs
$1.9B
$1.8B
$1.7B
Rent and occupancy costs
$263.9M
$241.0M
$232.4M
Depreciation and amortization
$56.8M
$61.1M
$67.8M
Selling and promotion
$40.1M
$33.3M
$27.9M
Other
$337.7M
$274.4M
$277.6M
Total operating expenses
$10.0B
$9.6B
$8.4B
Operating income
$1.1B
$1.0B
$939.9M
Interest income
$35.7M
$46.7M
$70.5M
Other, net
$5.8M
$6.8M
$4.6M
Other income, net
$41.5M
$53.5M
$75.1M
Earnings before income taxes
$1.1B
$1.1B
$1.0B
Income tax expense
$282.0M
$283.2M
$263.2M
Net earnings
$812.0M
$811.6M
$751.8M
Less net earnings (losses) attributable to the noncontrolling interest
$1.7M
$1.6M
-$1.1M
Net earnings attributable to shareholders
$810.3M
$810.1M
$752.9M
Diluted earnings attributable to shareholders per share
$5.95
$5.72
$5.01
Basic earnings attributable to shareholders per share
$5.97
$5.75
$5.05
Weighted average diluted shares outstanding
136.2M shares
141.7M shares
150.2M shares
Weighted average basic shares outstanding
135.8M shares
141.0M shares
149.1M shares
No quarter-by-quarter statement was filed.
Total assets1112131410$4.9B in 2025+33% since 2019Shareholders’ equity171112131410$2.4B in 2025+7% since 2019Cash171112131410$1.3B in 2025+7% since 2019
Total assets1516$5.1B in Q2 FY2026+5% since Q1 FY2025Shareholders’ equity1516$2.1B in Q2 FY2026−10% since Q1 FY2025Cash1516$1.0B in Q2 FY2026−22% since Q1 FY2025
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Cash and cash equivalents
$1.3B
$1.1B
Accounts receivable, net
$2.0B
$2.0B
Deferred contract costs
$283.3M
$349.3M
Other
$136.2M
$164.3M
Total current assets
$3.8B
$3.7B
Property and equipment, net
$462.1M
$449.4M
Operating lease right-of-use assets
$550.2M
$551.7M
Goodwill
$7.9M
$7.9M
Deferred income tax asset, net
$101.7M
$70.7M
Other assets, net
$16.1M
$15.0M
Total assets
$4.9B
$4.8B
$4.5B
Accounts payable
$1.1B
$1.0B
Accrued expenses, primarily salaries and related costs
$448.1M
$451.9M
Contract liabilities
$358.4M
$441.9M
Current portion of operating lease liabilities
$110.9M
$106.7M
Federal, state and foreign income taxes payable
$32.0M
$29.1M
Total current liabilities
$2.1B
$2.1B
Noncurrent portion of operating lease liabilities
$459.7M
$462.2M
Deferred income tax liability, net
$3.0M
$0
Preferred stock, par value $0.01 per share, authorized 2,000 shares; none issued
$0
$0
Common stock, par value $0.01 per share authorized 640,000. Issued and outstanding: 133,884 shares and 138,003 shares at December 31, 2025 and 2024, respectively
$1.3M
$1.4M
Additional paid-in capital
$0
$0
Retained earnings
$2.5B
$2.5B
Accumulated other comprehensive loss
-$184.2M
-$233.5M
Total shareholders equity
$2.4B
$2.2B
Noncontrolling interest
$2.5M
$2.8M
Total equity
$2.4B
$2.2B
$2.4B
Total liabilities and equity
$4.9B
$4.8B
Preferred stock, par value
$0.01
$0.01
Preferred stock, authorized
2.0M shares
2.0M shares
Preferred stock, shares issued
0 shares
0 shares
Common stock, par value
$0.01
$0.01
Common stock, shares authorized
640.0M shares
640.0M shares
Common stock, shares issued
133.9M shares
138.0M shares
Common stock, shares outstanding
133.9M shares
138.0M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
Cash and cash equivalents
$1.3B
$1.1B
Accounts receivable, net
$2.0B
$2.0B
Deferred contract costs
$283.3M
$349.3M
Other
$136.2M
$164.3M
Total current assets
$3.8B
$3.7B
Property and equipment, net
$462.1M
$449.4M
Operating lease right-of-use assets
$550.2M
$551.7M
Goodwill
$7.9M
$7.9M
Deferred income tax asset, net
$101.7M
$70.7M
Other assets, net
$16.1M
$15.0M
Total assets
$4.9B
$4.8B
$4.5B
Accounts payable
$1.1B
$1.0B
Accrued expenses, primarily salaries and related costs
$448.1M
$451.9M
Contract liabilities
$358.4M
$441.9M
Current portion of operating lease liabilities
$110.9M
$106.7M
Federal, state and foreign income taxes payable
$32.0M
$29.1M
Total current liabilities
$2.1B
$2.1B
Noncurrent portion of operating lease liabilities
$459.7M
$462.2M
Deferred income tax liability, net
$3.0M
$0
Preferred stock, par value $0.01 per share, authorized 2,000 shares; none issued
$0
$0
Common stock, par value $0.01 per share authorized 640,000. Issued and outstanding: 133,884 shares and 138,003 shares at December 31, 2025 and 2024, respectively
$1.3M
$1.4M
Additional paid-in capital
$0
$0
Retained earnings
$2.5B
$2.5B
Accumulated other comprehensive loss
-$184.2M
-$233.5M
Total shareholders equity
$2.4B
$2.2B
Noncontrolling interest
$2.5M
$2.8M
Total equity
$2.4B
$2.2B
$2.4B
Total liabilities and equity
$4.9B
$4.8B
Preferred stock, par value
$0.01
$0.01
Preferred stock, authorized
2.0M shares
2.0M shares
Preferred stock, shares issued
0 shares
0 shares
Common stock, par value
$0.01
$0.01
Common stock, shares authorized
640.0M shares
640.0M shares
Common stock, shares issued
133.9M shares
138.0M shares
Common stock, shares outstanding
133.9M shares
138.0M shares
Cash from operations1112131410$1.0B in 2025+30% since 2019Dividends paid1112131410$207.4M in 2025+22% since 2019Share buybacks1112131410$667.3M in 2025+72% since 2019
Cash from operations1516$178.6M in Q2 FY2026−42% since Q1 FY2026Share buybacks1516$354.9M in Q2 FY2026+23% since Q1 FY2026
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Net earnings
$812.0M
$811.6M
$751.8M
Provisions for losses on accounts receivable
$3.6M
$3.4M
$3.9M
Deferred income tax benefit
-$13.7M
-$5.1M
-$22.9M
Stock compensation expense
$69.2M
$64.4M
$58.4M
Depreciation and amortization
$56.8M
$61.1M
$67.8M
Other, net
$15.2M
-$3.4M
$8.5M
Decrease (increase) in accounts receivable
$41.8M
-$531.6M
$573.7M
Increase (decrease) in accounts payable and accrued expenses
$20.6M
$259.3M
-$300.3M
Decrease (increase) in deferred contract costs
$81.2M
-$147.7M
$37.0M
(Decrease) increase in contract liabilities
-$100.2M
$179.6M
-$40.1M
Increase (decrease) in income taxes payable, net
$27.1M
$26.4M
-$77.3M
(Increase) decrease in other, net
-$7.1M
$5.4M
-$7.2M
Net cash from operating activities
$1.0B
$723.4M
$1.1B
Purchase of property and equipment
-$53.1M
-$40.5M
-$39.3M
Other, net
$8.4M
-$57.0K
-$119.0K
Net cash from investing activities
-$44.7M
-$40.5M
-$39.4M
Proceeds from borrowings on lines of credit
$5.6M
$15.0M
$32.2M
Payments on borrowings on lines of credit
-$9.3M
-$35.1M
-$38.1M
Proceeds from issuance of common stock
$88.2M
$69.3M
$84.9M
Repurchases of common stock
-$667.3M
-$855.1M
-$1.4B
Dividends paid
-$207.4M
-$204.1M
-$202.0M
Payments for taxes related to net share settlement of equity awards
-$10.4M
-$15.3M
-$19.5M
Distribution to noncontrolling interest
-$1.8M
$0
-$1.1M
Net cash from financing activities
-$802.5M
-$1.0B
-$1.5B
Effect of exchange rate changes on cash and cash equivalents
Expeditors International sits at the top of its group. 71 entities, 58 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Expeditors de Colombia Ltda. Subsidiary · Colombia
Expeditors Denmark ApS Subsidiary · Denmark
Expeditors Dominicana SAS Subsidiary · Dominican Republic
Expeditors Egypt S.A.E. Subsidiary · Egypt
Expeditors Finland Oy Subsidiary · Finland
Expeditors Guatemala S.A. Subsidiary · Guatemala
Expeditors Hong Kong Limited Subsidiary · China
EXPEDITORS INTERNATIONAL (INDIA) PVT. LTD. Subsidiary · New Delhi, India
and 45 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Expeditors International reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Expeditors’ corporate headquarters are located in Bellevue, Washington. We conduct operations in approximately 430 locations worldwide, of which approximately 100 are in the United States and 17 are owned. These owned and leased locations are primarily located close to an airport, ocean port, or on an important border crossing. These facilities are strategically located to cover the geographic areas served by Expeditors. The majority of these facilities contain warehouse facilities. We will from time to time investigate the possibility of building or buying suitable facilities. We believe that current leases can be extended and that suitable alternative facilities are available in the vicinity of each present facility should extensions be unavailable at the conclusion of current leases.
Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD and were named to the NASDAQ-100 in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange NYSE, keeping the same symbol "EXPD". During their first year as a public company, Expeditors reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors was #299 on the 2021 Fortune 500. Total revenues exceeded 10 billion ($10.116 billion) in 2021.
The company became known for its unusually candid written responses to analyst questions in SEC Form 8-K filings. Some commentators have suggested the filings were written personally by CEO Peter Rose, as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website. Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.
Feb 18, 2025Reported quarterly or annual results89
Feb 18, 2025Reported quarterly or annual results90
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
486 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 66 major events, 330 insider forms, 17 large holders, 53 other. The latest 20:
28 open-market trades by officers, directors and large owners since October 2021: 0 buys and 28 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Expeditors International is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
Name on EDGAREXPEDITORS INTERNATIONAL OF WASHINGTON INC2
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).18
Risk factors and legal proceedings
The risks Expeditors International names in Item 1A of its 10-K filed Feb 25, 2026: 20 risks under these headings, as written.18
The current volatile international trade environment as a result of intergovernmental disputes, trade actions, increased tariffs and other geo-political risks may adversely impact our business and operating results.
Any reduction in international commerce or disruption in global trade may adversely impact our business and operating results.
Our industry is highly competitive, and failure to compete or respond to customer requirements could damage our business and results of operations.
We are dependent on our personnel and any inability to hire, develop or retain our key employees may have a negative impact on our operations.
We rely heavily upon the flexibility and sophistication of the technologies used in our core business and failure to properly manage, enhance and update technologies could lead to disruptions in our operations or our ability to remain competitive.
Any significant disruptions or unapproved third-party access to our network and systems continuity could have an adverse impact to our business and financial results.
We rely on service providers, including air, ocean, ground freight carriers and others and if they have insufficient capacity available relative to market demand or have reduced capacity to provide service, it may adversely impact our business and operating results.
Failure to grow and gain profitable market share could adversely impact our ability to remain competitive and could adversely impact our business.
Any disruption of our business caused by a catastrophic event could harm our ability to conduct normal business operations and impact our operating results.
We face material risks associated with the handling, transporting, and storing of customer inventory including some products classified as hazardous materials, dangerous goods, and/or high value products.
Our insurance coverage does not cover all potential losses and significant uninsured losses could adversely impact our financial results.
Difficulty in forecasting timing or volumes of customer shipments or rate changes by carriers could adversely impact our margins and operating results.
The other 8 risks
Climate change, including measures to address climate change, could adversely impact our business and financial results.
We are subject to a complex regulatory environment, and failure to comply with and adapt to these regulations could result in penalties or otherwise adversely impact our business.
We operate globally and any inability to safeguard our operations or comply with anti-corruption laws and trade compliance regulations would adversely impact our reputation and business.
We are subject to taxation in multiple jurisdictions, and although we believe our tax estimates are reasonable, any adverse determinations in tax audits could negatively impact our financial results.
Investigations and litigation could require management time and or to incur substantial legal costs or fines, penalties or damages, any of which could adversely impact on our financial results.
Global health emergencies on the scale of the COVID-19 pandemic may significantly impact worldwide economic conditions and global trade and can have a disruptive effect on our operations, and the operations of our service providers and our customers, which may impact our business.
We are exposed to risks relating to evaluations of internal control over financial reporting and disclosure controls and procedures.
Actions of activist investors could disrupt our business.
Legal proceedings
Expeditors is involved in claims, lawsuits, government investigations, income, transfer pricing and indirect tax audits and other legal matters that arise in the ordinary course of business and are subject to inherent uncertainties. Currently, in management's opinion and based upon advice from legal advisors, none of these matters are expected to have a material effect on our operations, cash flows or financial position. In 2025, amounts recorded for claims, lawsuits, government investigations and other legal matters are not significant to our operations, cash flows or financial position. At this time, we are unable to estimate any additional loss or range of reasonably possible losses, if any, beyond the amounts recorded, that might result from the resolution of these matters.
