— Know what they know.
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Not Investment Advice

EXPD

NYSE · USD
Expeditors International of Washington, Inc.
Industrials · Integrated Freight & Logistics
CEO Daniel R. Wall Employees 20,000 R&D / revenue 0.0%
Last price
$195.91−1.37%last session
Market cap
$25.5B
P/E (TTM)
28.4x
From 52w high
−2.4%
From 52w low
+67.7%
1-year return
+66.5%
RSI 14 · vs SMA200
58.7 · +18.9%
IS score
64.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

EXPD   SPY   XLI (sector ETF) · weekly closes
100120140160Jan 26Apr 26Jul 26Oct 26EXPD 166SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
59
Profitability
54
Growth
42
Value
73
Momentum
100
Risk (safety)
80
Quality
87
Balance sheet
71
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Net cash✓ Congress buying
Warnings
None of the computed warning flags fires for EXPD (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 8 / 9Altman Z 8.4Beta 1.062 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
No open-market sales on file
Form 144 notices (12m): 5, $5.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-05-01
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+46
126 new holders, 72 closed
959 filers hold 96.1% · 320 added, 363 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+84
1,025 funds adding shares
941 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
35.4%
20-day avg 44.4%, 50-day avg 49.3%
Latest 9.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$11.1B
Revenue growth YoY+4.4%
Gross margin15.3%
Operating income$1.1B
Operating margin9.5%
Net income$813.8M
Net margin7.4%
EPS (diluted)$5.95
Cash flow
Operating cash flow$1.0B
Capital expenditure$53.1M
Free cash flow$953.4M
FCF conversion (FCF / OCF)94.7%
Stock-based compensation$69.2M
FCF less SBC$884.2M
Buybacks$667.3M
Dividends$207.4M
Balance sheet & returns
Cash & short-term investments$1.3B
Total debt$570.6M
Net cash$743.7M
Shareholders' equity$2.4B
Goodwill & intangibles$7.9M
Debt / equity0.27
ROE (TTM)40.7%
ROIC (TTM)33.1%
Operating margin by fiscal year
11.6%FY202110.7%FY202210.1%FY20239.8%FY20249.5%FY2025
Revenue $16.5B (FY2021) to $11.1B (FY2025), a -9.5% CAGR.

Valuation

P/E (TTM)28.4x
EV / EBITDA19.9x
Price / sales2.12x
Price / FCF27.6x
FCF yield3.63%
Buyback yield2.62%
SBC / revenue0.6%
Price / book12.23x
Forward P/E FY202624.7x
Forward P/E FY202724.0x
Forward P/E FY202823.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $189.38 across 8 analysts last quarter is theirs, not ours.

EXPD vs industry median

66 companies in Integrated Freight & Logistics
Gross margin 23.9% 15.0% Operating margin 9.8% 3.6% Net margin 7.6% 2.7% ROIC 33.1% 4.7%
EXPD (TTM)Industry median Asset turnover 2.34 vs industry 1.23 · financial leverage 2.42

Earnings delivery

Next report 2026-11-03 · consensus EPS $2.22
75%
beat rate, 9 of 12 quarters
+7.8%
median EPS surprise
8
longest beat streak
-3-11+8-2+21+22+7+7+18+1+29+20
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-07 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
EXPD Expeditors International of $25.5B28.4x40.7%7.6%+4.4% +66.5%
JBHT J.B. Hunt Transport Services $21.5B32.1x18.4%5.2%+5.3% +35.3%
FDXF FedEx Freight Holding Compan $16.9B29.3x-31.8%6.4%— −25.0%
CHRW C.H. Robinson Worldwide, Inc $16.3B26.3x37.1%3.8%−0.1% +11.2%
FDX FedEx Corporation $69.5B16.0x14.8%6.4%+7.7% +55.9%
UPS United Parcel Service, Inc. $73.1B18.1x29.7%2.6%−0.3% —
LSTR Landstar System, Inc. $5.8B44.5x15.0%3.4%+3.8% —
GXO GXO Logistics, Inc. $5.4B41.2x4.4%0.7%+7.6% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-09-16Officer/Director Change
2026-08-11Regulation FD
2026-08-04Earnings Release; Exhibits
2026-05-20Regulation FD
2026-05-06Shareholder Vote
2026-05-05Earnings Release; Exhibits

Context

Shares outstanding129,991,000
Free float99.4%
Institutional ownership96.1%
Beta1.06
Dividend yield0.81%
Last dividend$0.81 on 2026-06-01
50 / 200-day average$188.69 / $164.64
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where EXPD sits among 13 scored companies in Integrated Freight & Logistics (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureEXPDIndustry medianIndustry percentileSector median
P/E (TTM) 27.7x 25.7x
60th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 2.1x 1.0x
83rd		 2.0x
Price / book 12.0x 3.5x
100th		 2.9x
Price / tangible book 10.2x 7.9x
75th		 5.6x
Price / free cash flow 27.6x 14.1x
80th		 20.8x
Price / operating cash flow 26.2x 12.0x
82nd		 14.5x
Enterprise value $25.0B $10.8B
83rd		 $4.8B
EV / sales 2.1x 1.1x
75th		 2.4x
EV / EBITDA 19.9x 13.5x
89th		 13.6x
EV / EBIT 20.8x 20.4x
56th		 19.9x
EV / free cash flow 27.1x 24.0x
70th		 24.3x
Earnings yield 3.6% 3.6%
50th		 3.3%
FCF yield 3.6% 5.1%
33rd		 3.8%
Operating cash flow yield 3.8% 7.4%
25th		 6.2%
Graham number (per share) $49.88 $46.25
75th		 $38.21

Profitability (TTM)

MeasureEXPDIndustry medianIndustry percentileSector median
Gross margin 23.9% 16.6%
67th		 30.5%
EBITDA margin 10.5% 5.9%
67th		 14.3%
Operating margin 9.8% 4.9%
83rd		 9.8%
EBIT margin 10.0% 4.0%
92nd		 9.9%
Net margin 7.6% 3.7%
92nd		 6.0%
NOPAT margin 7.4% 4.0%
83rd		 7.8%
FCF margin 7.7% 3.5%
83rd		 7.0%
Operating cash flow margin 8.1% 4.3%
67th		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 11.4% 5.2%
67th		 14.1%
Stock comp / revenue 0.6% 0.3%
83rd		 0.6%
Effective tax rate 24.8% 23.5%
75th		 21.0%

Returns on capital

MeasureEXPDIndustry medianIndustry percentileSector median
ROE (on average equity) 42.6% 14.8%
100th		 11.9%
ROA 18.5% 4.8%
100th		 4.8%
ROIC 53.8% 8.0%
100th		 8.7%
ROCE 46.8% 7.8%
100th		 9.4%
Return on tangible assets 24.3% 6.7%
100th		 7.9%
Cash ROIC (OCF / invested capital) 58.8% 14.6%
100th		 12.8%
Gross profitability (GP / assets) 56.0% 25.0%
92nd		 19.2%
ROIC, 3-yr average 40.7% 8.0%
100th		 7.8%
ROIC, 5-yr average 50.1% 10.4%
100th		 8.6%
ROE, 5-yr average 39.6% 17.4%
89th		 12.5%
Incremental ROIC -259.1% -2.1%
0th		 20.5%

Growth

MeasureEXPDIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.8% 1.7%
82nd		 8.6%
Revenue growth (QoQ) 25.8% 11.0%
100th		 9.9%
Revenue CAGR, 3 yr -1.6% -3.9%
73rd		 5.0%
Revenue CAGR, 5 yr -0.5% 1.0%
40th		 8.3%
Gross profit CAGR, 3 yr 19.0% -3.2%
91st		 6.5%
Operating income CAGR, 3 yr -5.0% -6.1%
56th		 6.4%
Net income growth (TTM YoY) 7.8% 8.5%
33rd		 11.3%
Net income CAGR, 3 yr -4.5% -7.7%
62nd		 6.6%
EPS growth (TTM YoY) 11.7% 10.3%
56th		 13.3%
EPS CAGR, 3 yr -0.2% -4.7%
75th		 5.6%
EPS CAGR, 5 yr 3.7% 1.8%
62nd		 8.3%
FCF growth (TTM YoY) 14.0% 62.1%
30th		 14.7%
FCF CAGR, 3 yr -20.0% -19.8%
44th		 12.2%
Operating cash flow CAGR, 3 yr -19.5% -14.0%
45th		 8.8%
Book value CAGR, 3 yr -1.8% 2.3%
33rd		 7.3%
Dividend CAGR, 3 yr 5.1% 2.5%
71st		 2.7%
Sustainable growth rate 32.9% 8.0%
100th		 11.0%

Margin history & stability

MeasureEXPDIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 16.7% 17.1%
45th		 30.6%
Operating margin, 3-yr average 9.7% 4.6%
91st		 10.0%
Net margin, 3-yr average 7.5% 3.2%
100th		 6.2%
FCF margin, 3-yr average 7.5% 4.4%
91st		 7.1%
Revenue stability (0-1) 0.07 0.25
27th		 0.81
Earnings stability (0-1) 0.26 0.21
64th		 0.47
Margin stability (0-1) 0.68 0.89
18th		 0.90

Liquidity (latest quarter)

MeasureEXPDIndustry medianIndustry percentileSector median
Cash & short-term investments $1.0B $278.8M
83rd		 $249.6M
Net cash (− = net debt) $464.2M −$1.8B
100th		 −$666.5M
Working capital $1.4B $368.7M
83rd		 $376.4M
Current ratio 1.57 1.48
67th		 1.79
Quick ratio 1.57 1.47
67th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.40 0.25
75th		 0.32
Defensive interval (days) 790 days 669 days
75th		 614 days

Leverage & solvency (latest quarter)

MeasureEXPDIndustry medianIndustry percentileSector median
Total debt $567.3M $2.0B
33rd		 $919.8M
Debt / equity 0.27 0.40
11th		 0.65
Net debt / equity −0.22 0.27
22nd		 0.46
Debt / assets 11.0% 33.8%
8th		 29.3%
Debt / capital 21.1% 28.5%
11th		 39.5%
Debt / EBITDA 0.45 2.10
0th		 2.44
Net debt / EBITDA −0.37 1.67
11th		 1.86
Interest coverage (EBIT / interest) —
Cash interest coverage —
Debt payback (years of OCF) 0.6 yrs 3.8 yrs
0th		 3.2 yrs
Liabilities / assets 58.7% 68.0%
42nd		 56.7%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 225
8th		 200

Efficiency

MeasureEXPDIndustry medianIndustry percentileSector median
Asset turnover 2.43 1.26
83rd		 0.75
Fixed asset turnover 12.06 3.85
73rd		 5.14
Inventory turnover —
Receivables turnover 5.2 6.4
17th		 6.7
Days sales outstanding 70 days 57 days
83rd		 54 days
Days inventory outstanding —
Days payables outstanding 52 days 36 days
75th		 41 days
Cash conversion cycle (days) 19 days 20 days
42nd		 63 days
Capex / revenue 0.4% 1.3%
17th		 3.0%
Capex / depreciation 0.89 0.68
92nd		 0.76
Operating expense ratio 19.3% 13.2%
67th		 17.7%

Cash flow & earnings quality

MeasureEXPDIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.06 1.53
20th		 1.50
FCF / net income 1.00 1.15
20th		 1.15
FCF / operating cash flow 95.0% 73.1%
91st		 74.0%
Capex / operating cash flow 5.0% 26.9%
9th		 26.1%
Accruals ratio -1.1% -3.4%
75th		 -4.0%
Sloan accruals ratio -2.9% -3.5%
58th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
50th		 1.00

Dividends & buybacks

MeasureEXPDIndustry medianIndustry percentileSector median
Dividend yield 0.8% 0.8%
50th		 0.6%
Dividend per share (TTM) $1.58 $0.50
58th		 $0.44
Payout ratio (dividends / net income) 22.7% 28.6%
30th		 22.5%
Dividends / FCF 22.6% 22.6%
50th		 19.6%
Dividend growth (YoY) 5.4% 2.7%
71st		 5.6%
Buyback yield 3.5% 1.1%
83rd		 0.5%
Shareholder yield (dividends + buybacks) 4.4% 3.4%
75th		 2.0%
Share count change (YoY) -3.5% -0.6%
18th		 0.0%
Buybacks, last 5 years $3.6B $696.6M
92nd		 $76.0M

Scores & forensic checks

MeasureEXPDIndustry medianIndustry percentileSector median
IS score 65 50
92nd		 53
IS profitability 59 29
100th		 37
IS growth 54 49
64th		 54
IS value 42 37
58th		 47
IS momentum 73 70
55th		 76
IS risk (safety) 100 65
67th		 80
IS quality 80 63
100th		 67
IS balance sheet 87 51
92nd		 56
IS earnings quality 71 72
42nd		 70
IS cash flow 68 59
83rd		 54
Piotroski F-score (0-9) 8 6
92nd		 6
Altman Z-score 8.4 3.0
83rd		 3.3
Beneish M-score −11.09 −2.50
0th		 −2.52
Ohlson O-score −8.27 −7.18
8th		 −7.49
IS credit score 94 64
83rd		 65

Per share

MeasureEXPDIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $6.93 $1.74
83rd		 $2.21
Book value per share $15.96 $15.96
50th		 $18.38
Tangible book per share $15.98 $6.32
75th		 $4.39
Revenue per share $90.68 $90.68
50th		 $36.64
FCF per share $6.96 $3.88
83rd		 $2.70
Operating cash flow per share $7.33 $4.40
75th		 $4.28
Cash per share $7.77 $4.29
75th		 $3.02

Size (TTM)

MeasureEXPDIndustry medianIndustry percentileSector median
Market cap $25.5B $5.8B
83rd		 $3.9B
Revenue $12.0B $5.0B
58th		 $2.7B
EBITDA $1.3B $463.1M
75th		 $394.8M
Net income $919.3M $158.0M
83rd		 $136.3M
Free cash flow $923.9M $421.4M
75th		 $162.9M
Total assets $5.1B $5.1B
50th		 $3.5B
Shareholders' equity $2.1B $1.6B
67th		 $1.4B
Employees 19,800 11,599
58th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-08-06Gulyas Diane H.
Director
 Gift 1,400$178.56$249,98423,141
2026-06-15Bell Blake R
President Global Business Dev
 Award / grant 15——84
2026-06-15Bell Blake R
President Global Business Dev
 Award / grant 31——105
2026-06-15Bell Blake R
President Global Business Dev
 Award / grant 23——23
2026-06-15Hackett David A
Senior VP - CFO
 Award / grant 1——4
2026-06-15Hackett David A
Senior VP - CFO
 Award / grant 2——6
2026-06-15Hackett David A
Senior VP - CFO
 Award / grant 24——24
2026-06-15Dickerman Jeffrey F
Senior VP/Gen Counsel/Corp Sec
 Award / grant 4——22
2026-06-15Dickerman Jeffrey F
Senior VP/Gen Counsel/Corp Sec
 Award / grant 10——33
2026-06-15Dickerman Jeffrey F
Senior VP/Gen Counsel/Corp Sec
 Award / grant 10——10
2026-06-15Blacker Kelly K
President, Global Geographies
 Award / grant 15——84
2026-06-15Blacker Kelly K
President, Global Geographies
 Award / grant 31——105

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayJunAug

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired4558,158—
GiftDisposed34,012$249,984
GiftAcquired22,612—
Option exerciseAcquired4235,981—
Option exerciseDisposed4235,981—
Tax withholdingDisposed2113,282$2.0M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 5 notices · 35,691 shares · $5.0M
FiledFilerShares proposedEst. proceeds
2026-02-27Bell Blake R10,351$1.5M
2026-02-27Wall Daniel R6,100$884,938
2025-11-07Emmert Mark A5,400$726,516
2025-11-05Dickerman Jeffrey F1,500$201,255
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (1 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-05-01Ro KhannaHousePurchase$1,001 - $15,0002026-06-11
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2024-07-02Kathy ManningHousePurchase$1,001 - $15,0002024-08-16
2023-10-31Ro KhannaHouseSale$1,001 - $15,0002023-11-08
2023-10-10Ro KhannaHousePurchase$1,001 - $15,0002023-11-08
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.13,456,209$2.2B10.35%
VANGUARD CAPITAL MANAGEMENT LLC8,548,852$1.4B6.58%
STATE STREET CORP7,335,241$1.2B5.64%
VANGUARD PORTFOLIO MANAGEMENT LLC6,624,219$1.1B5.10%
LOOMIS SAYLES & CO L P5,497,102$895.9M4.23%
GEODE CAPITAL MANAGEMENT, LLC3,558,998$577.8M2.74%
FIL Ltd3,089,896$503.6M2.38%
BANK OF AMERICA CORP /DE/2,585,934$421.5M1.99%
Baird Financial Group, Inc.2,239,665$365.0M1.72%
Invesco Ltd.2,170,233$353.7M1.67%
MORGAN STANLEY2,148,476$350.2M1.65%
First Eagle Investment Management, LLC2,020,988$329.4M1.55%
DIMENSIONAL FUND ADVISORS LP1,576,327$256.9M1.21%
FMR LLC1,547,327$252.2M1.19%
ROYAL BANK OF CANADA1,368,372$223.0M1.05%

Institutional ownership by quarter

2023-092026-0696.1%
% of shares held by 13F filers
2023-092026-06959
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3095996.1%12632036372
2026-03-3191396.4%11532931378
2025-12-31891100.1%15828531473
2025-09-30820101.5%9127629868
2025-06-3081099.7%83266346105
2025-03-31843100.8%10731230276
2024-12-31828100.0%10526733486
2024-09-3082498.0%8827133972
2024-06-3081497.7%8428133971
2024-03-31811103.2%7225934676
2023-12-31826102.5%12323535561
2023-09-30774106.2%6028029677

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%10,022,034
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-04-24SCHEDULE 13G/ABlackRock, Inc.8.8%12,129,870
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$761.1M
VSMPX0.03%$761.1M
VTSAX0.03%$761.1M
VTI0.03%$761.1M
VFFSX0.04%$630.1M
VOO0.04%$630.1M

Share structure

Shares outstanding129,991,000
Float129,172,837
Free float99.4%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$16.5B$17.1B$9.3B$10.6B$11.1B
Cost of revenue$14.4B$14.9B$8.1B$9.3B$9.4B
Gross profit$2.2B$2.2B$1.2B$1.3B$1.7B
R&D$0$0$0$0$0
SG&A$16.0M$24.3M$27.9M$33.3M$40.1M
Operating income$1.9B$1.8B$939.9M$1.0B$1.1B
EBITDA$2.0B$1.9B$1.0B$1.1B$1.2B
Pretax income$1.9B$1.8B$1.0B$1.1B$1.1B
Income tax$505.8M$475.3M$263.2M$283.2M$282.0M
Net income$1.4B$1.4B$752.9M$810.1M$813.8M
EPS, diluted$8.27$8.26$5.01$5.72$5.95
Diluted shares171.2M164.4M150.2M141.7M136.2M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.7B$2.0B$1.5B$1.1B$1.3B
Receivables$3.8B$2.1B$1.5B$2.0B$2.0B
Inventory$0$0$0$0$0
Total current assets$6.6B$4.5B$3.4B$3.7B$3.8B
PP&E, net$947.0M$1.0B$995.5M$1.0B$1.0B
Goodwill & intangibles$7.9M$7.9M$7.9M$7.9M$7.9M
Total assets$7.6B$5.6B$4.5B$4.8B$4.9B
Accounts payable$2.0B$1.1B$860.9M$1.0B$1.1B
Total current liabilities$3.7B$2.1B$1.7B$2.1B$2.1B
Long-term debt$0$0$0$0$459.7M
Total liabilities$4.1B$2.5B$2.1B$2.5B$2.5B
Shareholders' equity$3.5B$3.1B$2.4B$2.2B$2.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.4B$1.4B$751.8M$810.1M$812.0M
Depreciation & amortization$51.3M$57.3M$67.8M$61.1M$56.8M
Stock-based compensation$69.4M$64.4M$58.4M$64.4M$69.2M
Change in working capital−$678.7M$668.3M$185.8M−$208.7M$63.4M
Operating cash flow$868.5M$2.1B$1.1B$723.4M$1.0B
Capital expenditure−$36.2M−$86.8M−$39.3M−$40.5M−$53.1M
Free cash flow$832.2M$2.0B$1.0B$682.9M$953.4M
Investing cash flow−$36.6M−$87.7M−$39.4M−$40.5M−$44.7M
Net debt issued / repaid$7.5M$51.5M−$5.9M−$20.1M−$3.7M
Buybacks−$514.6M−$1.6B−$1.4B−$855.1M−$667.3M
Dividends paid−$195.8M−$213.8M−$202.0M−$204.1M−$207.4M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin13.1%12.7%13.4%12.7%14.9%
Operating margin11.6%10.7%10.1%9.8%9.5%
Net margin8.6%8.0%8.1%7.6%7.3%
FCF margin5.0%12.0%10.9%6.4%8.6%
ROE46.0%41.1%27.4%35.1%35.4%
ROIC63.0%84.8%49.5%47.0%37.7%
ROA22.6%20.6%14.9%17.5%16.8%
Debt / equity0.130.170.220.260.44
Interest coverage—80.8x444.1x——
Current ratio1.782.202.021.771.81
Revenue growth+68.1%+3.3%−45.5%+14.0%+4.4%
EPS growth+105.0%+3.0%−39.7%+12.1%+4.1%
P/E at year end15.4x11.7x24.1x18.9x24.7x
EV / EBITDA at year end10.5x7.4x16.7x13.4x17.3x
FCF yield at year end3.82%12.85%5.60%4.46%4.75%
Dividend payout13.8%15.8%26.8%25.2%25.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Airfreight Services$6.8B$5.9B$3.2B$3.7B$4.0B
Ocean Freight And Ocean Services$5.5B$6.5B$2.4B$3.1B$2.8B
Customs Brokerage And Other Services$4.2B$4.6B$3.7B$3.8B$4.3B

Revenue by region · FY2025

United States Segment$3.6B · 32%
North Asia Segment$2.7B · 25%
Europe Segment$2.5B · 22%
South Asia Segment$1.6B · 14%
Other North America Segment Member$470.6M · 4%
Latin America Segment$262.4M · 2%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $2.22 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$13.3B$12.6B – $13.8B$7.92$7.49 – $8.151224.7x
2027$13.3B$12.5B – $14.4B$8.15$7.25 – $9.241224.0x
2028$13.6B$12.4B – $14.5B$8.49$7.49 – $9.41623.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$1.69$2.03+20.1%$2.9B$3.5B+20.4%
2026-05-05$1.33$1.71+28.6%$2.6B$2.8B+6.6%
2026-02-24$1.47$1.49+1.4%$2.8B$2.9B+1.0%
2025-11-04$1.39$1.64+18.0%$2.7B$2.9B+6.2%
2025-08-05$1.25$1.34+7.2%$2.4B$2.7B+9.7%
2025-05-06$1.37$1.47+7.3%$2.6B$2.7B+4.5%
2025-02-18$1.38$1.68+21.7%$2.8B$3.0B+6.0%
2024-11-05$1.35$1.63+20.7%$2.5B$3.0B+21.7%
2024-08-06$1.26$1.24−1.6%$2.3B$2.4B+7.0%
2024-05-07$1.08$1.17+8.3%$2.2B$2.2B−0.7%
2024-02-20$1.23$1.09−11.4%$2.3B$2.3B−1.3%
2023-11-07$1.28$1.24−3.1%$2.3B$2.2B−5.0%
2023-08-08$1.38$1.30−5.8%$2.7B$2.2B−16.9%
2023-05-02$1.33$1.45+9.0%$2.9B$2.6B−10.4%
2023-02-21$1.96$1.38−29.6%$4.0B$3.4B−13.3%
2022-11-08$1.95$2.54+30.3%$4.3B$4.4B+0.9%
2022-08-02$2.13$2.27+6.6%$4.6B$4.6B−0.3%
2022-05-03$1.74$2.05+17.8%$4.2B$4.7B+10.7%
2022-02-22$2.08$2.66+27.9%$4.4B$5.4B+21.8%
2021-11-02$1.77$2.09+18.1%$3.6B$4.3B+18.6%
2021-08-03$1.61$1.84+14.3%$3.6B$3.6B+0.0%
2021-05-04$1.04$1.67+60.6%$2.6B$3.2B+22.4%
2021-02-16$1.07$1.16+8.4%$2.9B$3.2B+9.2%
2020-11-03$0.98$1.12+14.3%$2.2B$2.3B+8.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.206-220.206-290.307-060.407-130.307-200.207-270.408-030.208-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$197.7M1,051,08141,773
2026-08-24$171.2M903,13936,589
2026-08-17$186.3M992,31835,843
2026-08-10$223.8M1,224,42446,180
2026-08-03$431.7M2,446,89770,901
2026-07-27$236.6M1,396,70049,710

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1535.4%
DateShort shareShort volumeTotal volume
2026-10-1535.4%183,850518,939
2026-10-1441.5%145,385350,384
2026-10-1340.1%157,677393,337
2026-10-1241.7%104,063249,554
2026-10-0944.4%231,794522,042
2026-10-0848.3%201,852418,219
2026-10-0752.1%154,547296,827
2026-10-0660.9%205,222337,219
2026-10-0524.9%200,816805,171
2026-10-0224.9%208,620838,974
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.1Jan-1.5Feb+2.1Mar+1.6Apr+2.7May-0.1Jun+0.6Jul-1.5Aug+1.4Sep+1.3Oct+4.2Nov-0.1Dec
MonthAvg returnUp yearsYears
Jan−1.1%45%20
Feb−1.5%50%20
Mar+2.1%71%21
Apr+1.6%65%20
May+2.7%50%20
Jun−0.1%50%20
Jul+0.6%65%20
Aug−1.5%30%20
Sep+1.4%60%20
Oct+1.3%60%20
Nov+4.2%65%20
Dec−0.1%50%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.7
MFI72.7
ADX21.6
Stochastic %K / %D86.8 / 90.2
Williams %R-28.9
CCI120
TSI / signal16.6 / 12.4
Chaikin money flow0.12
ATR$4.05
Bollinger width8.3%
Volume vs 20-day avg0.76x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$191.18 (+2.5%)
SMA 50$189.04 (+3.6%)
SMA 200$164.83 (+18.9%)
EMA 21$192.26 (+1.9%)
EMA 50$187.65 (+4.4%)
EMA 200$166.93 (+17.4%)
Bollinger upper$199.07 (−1.6%)
Bollinger lower$183.28 (+6.9%)
Parabolic SAR$189.60 (+3.3%)
Open the live chart, 110+ indicators

About Expeditors International of Washington, Inc.

Expeditors International of Washington, Inc. functions as a prominent global logistics and supply chain management enterprise. With a vast operational footprint spanning the Americas, North and South Asia, Europe, the Middle East, Africa, and India, the company delivers an extensive portfolio of services to its clients. Their core transportation offerings include comprehensive air freight solutions, encompassing both consolidation and forwarding, alongside diverse ocean freight services ranging from consolidated cargo to direct vessel bookings, complemented by efficient order management. Beyond mere transport, Expeditors provides crucial ancillary services such as customs brokerage and clearance, intra-continental ground delivery, and warehousing and distribution. The company's advanced supply chain capabilities feature meticulous purchase order oversight, vendor consolidation, guaranteed time-critical transportation, temperature-controlled shipping environments, cargo insurance, and sophisticated cargo monitoring and tracking systems. Moreover, they offer strategic advisory services for supply chain optimization, trade compliance, general business consulting, and enhanced cargo security protocols. Expeditors frequently acts as a freight consolidator or an authorized agent for airlines facilitating shipments. Their support infrastructure further includes the detailed preparation of all required shipping and customs documentation, expert packing and crating services, arrangement of insurance, negotiation of letters of credit, and ensuring full compliance with local export regulations. Serving a broad spectrum of industries, their client base primarily consists of retailing, wholesaling, electronics, technology, and various industrial and manufacturing companies. Expeditors International of Washington, Inc. was founded in 1979 and maintains its corporate headquarters in Seattle, Washington.

https://www.expeditors.com

Key executives

NameTitlePayBorn
Daniel R. WallChief Executive Officer, President & Director$3.7M1969
Blake R. BellSenior Vice President of Professional Services$2.3M1972
Kelly K. BlackerPresident of Global Geographies$2.3M1974
Rober A. MartinezPresident of Global Products$1.9M1982
David HackettSenior Vice President & Chief Financial Officer$1.2M1974
Geoffrey W. BuscherDirector of Investor Relations——
Jose Antonio UbedaSenior Vice President of Europe—1967
Kanishka SatarSenior Vice President Global of Sales & Marketing——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
James L.K. Wang President-Asia Pacific2014$100,000$0$4.2M$5.3M
Jeffrey S. Musser President and Chief Executive Officer2014$100,000$0$3.5M$5.1M
R. Jordan Gates President and Chief Operating Officer2014$100,000$0$3.8M$4.9M
Philip M. Coughlin President-Global Geographies and Operations2014$112,731$0$3.0M$4.1M
Bradley S. Powell Senior Vice President and Chief Financial Officer2014$100,000$0$2.9M$3.8M
Peter J. Rose Former Chairman and Chief Executive Officer2014$23,188$0$0$424,688

Employees

17k201818k201918k202019k202120k202218k202318k202420k2025

Dividends

Ex-dateAmountPaid
2026-06-01$0.812026-06-15
2025-12-01$0.772025-12-15
2025-06-02$0.772025-06-16
2024-12-02$0.732024-12-16
2024-06-03$0.732024-06-17
2023-11-30$0.692023-12-15
2023-05-31$0.692023-06-15
2022-11-30$0.672022-12-15

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage67
Intangibles69
Switching costs44
Network effect30
Efficient scale95
Our component scores (0-100) and overall 60.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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