Expeditors International of Washington (EXPD)
Market Price (7/10/2026): $171.0 | Market Cap: $22.8 BilInvestor Relations Sector: Industrials | Industry: Air Freight & Logistics
Expeditors International of Washington (EXPD)
Market Price (7/10/2026): $171.0Market Cap: $22.8 BilSector: IndustrialsIndustry: Air Freight & Logistics
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Stock buyback supportStock Buyback 3Y Total is 3.0 Bil Low stock price volatilityVol 12M is 31% Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Future of Freight, and Automation & Robotics. Themes include Supply Chain Digitization, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns3Y Excs Rtn is -24% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.1% Key risksEXPD key risks include [1] identified material weaknesses in its internal control over financial reporting. |
| Stock buyback supportStock Buyback 3Y Total is 3.0 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Future of Freight, and Automation & Robotics. Themes include Supply Chain Digitization, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -24% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.1% |
| Key risksEXPD key risks include [1] identified material weaknesses in its internal control over financial reporting. |
Qualitative Assessment
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Expeditors International of Washington (EXPD) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2026 Earnings Performance: Expeditors reported diluted earnings per share (EPS) of $1.71 for fiscal Q1 2026 (ended March 31, 2026) on May 5, 2026, significantly surpassing the average analyst estimate of approximately $1.34 by 27.61% to 29.2%. This strong earnings beat, coupled with a 16% year-over-year increase in diluted EPS and a 4% rise in revenue to $2.8 billion, signaled robust operational strength.
2. Strategic Capital Deployment to Shareholders: The company actively returned capital to shareholders during fiscal Q1 2026, repurchasing $288 million of common stock. Furthermore, Expeditors announced a semi-annual cash dividend of $0.81 per share, payable June 15, 2026, which represented a 5% increase, reinforcing its commitment to shareholder returns.
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Expeditors International of Washington (EXPD) stock has gained about 20% since 3/31/2026 because of the following key factors:
1. Exceptional Fiscal Q1 2026 Earnings Performance: Expeditors reported diluted earnings per share (EPS) of $1.71 for fiscal Q1 2026 (ended March 31, 2026) on May 5, 2026, significantly surpassing the average analyst estimate of approximately $1.34 by 27.61% to 29.2%. This strong earnings beat, coupled with a 16% year-over-year increase in diluted EPS and a 4% rise in revenue to $2.8 billion, signaled robust operational strength.
2. Strategic Capital Deployment to Shareholders: The company actively returned capital to shareholders during fiscal Q1 2026, repurchasing $288 million of common stock. Furthermore, Expeditors announced a semi-annual cash dividend of $0.81 per share, payable June 15, 2026, which represented a 5% increase, reinforcing its commitment to shareholder returns.
3. Positive Analyst Sentiment and Upgraded Outlook: Following the strong fiscal Q1 results, analysts notably revised their outlooks upwards. Zacks, for example, upgraded EXPD to a "Strong Buy" on May 11, 2026, citing considerable upward revisions in earnings estimates, with the consensus for the current quarter increasing by 6.51% and for the full year by 10.03% within a month. Additionally, UBS raised its price target for EXPD to $175 from $166 on May 8, 2026, while maintaining a "Buy" rating.
4. Resilient Operational Performance Amidst Industry Dynamics: Expeditors demonstrated strong operational resilience during fiscal Q1 2026, particularly within its non-asset-based model. The company achieved double-digit revenue growth in its Customs, Transcon, Distribution, and Order Management products. Airfreight tonnage increased by 5%, and operating expenses, excluding transportation-related costs, grew less than one percent sequentially from fiscal Q4 2025, contributing to improved productivity and margins despite global market disruptions.
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Stock Movement Drivers
Fundamental Drivers
The 19.7% change in EXPD stock from 3/31/2026 to 7/9/2026 was primarily driven by a 15.5% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 142.50 | 170.62 | 19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,069 | 11,186 | 1.1% |
| Net Income Margin (%) | 7.3% | 7.5% | 2.1% |
| P/E Multiple | 23.6 | 27.3 | 15.5% |
| Shares Outstanding (Mil) | 134 | 134 | 0.5% |
| Cumulative Contribution | 19.7% |
Market Drivers
3/31/2026 to 7/9/2026| Return | Correlation | |
|---|---|---|
| EXPD | 19.7% | |
| Market (SPY) | 15.6% | 12.8% |
| Sector (XLI) | 12.0% | 14.2% |
Fundamental Drivers
The 15.1% change in EXPD stock from 12/31/2025 to 7/9/2026 was primarily driven by a 15.2% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 148.25 | 170.62 | 15.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,168 | 11,186 | 0.2% |
| Net Income Margin (%) | 7.6% | 7.5% | -1.3% |
| P/E Multiple | 23.7 | 27.3 | 15.2% |
| Shares Outstanding (Mil) | 135 | 134 | 1.1% |
| Cumulative Contribution | 15.1% |
Market Drivers
12/31/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| EXPD | 15.1% | |
| Market (SPY) | 10.5% | 20.1% |
| Sector (XLI) | 17.1% | 18.7% |
Fundamental Drivers
The 50.9% change in EXPD stock from 6/30/2025 to 7/9/2026 was primarily driven by a 47.7% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.07 | 170.62 | 50.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,060 | 11,186 | 1.1% |
| Net Income Margin (%) | 7.6% | 7.5% | -2.1% |
| P/E Multiple | 18.4 | 27.3 | 47.7% |
| Shares Outstanding (Mil) | 138 | 134 | 3.2% |
| Cumulative Contribution | 50.9% |
Market Drivers
6/30/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| EXPD | 50.9% | |
| Market (SPY) | 22.7% | 21.0% |
| Sector (XLI) | 24.0% | 23.0% |
Fundamental Drivers
The 45.9% change in EXPD stock from 6/30/2023 to 7/9/2026 was primarily driven by a 87.0% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 116.95 | 170.62 | 45.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,000 | 11,186 | -25.4% |
| Net Income Margin (%) | 8.2% | 7.5% | -9.4% |
| P/E Multiple | 14.6 | 27.3 | 87.0% |
| Shares Outstanding (Mil) | 154 | 134 | 15.4% |
| Cumulative Contribution | 45.9% |
Market Drivers
6/30/2023 to 7/9/2026| Return | Correlation | |
|---|---|---|
| EXPD | 45.9% | |
| Market (SPY) | 75.6% | 38.4% |
| Sector (XLI) | 75.8% | 41.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EXPD Return | 43% | -22% | 24% | -12% | 36% | 11% | 84% |
| Peers Return | 17% | -24% | 47% | 14% | 9% | 34% | 118% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| EXPD Win Rate | 67% | 33% | 58% | 50% | 83% | 71% | |
| Peers Win Rate | 53% | 48% | 65% | 48% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| EXPD Max Drawdown | -12% | -35% | -15% | -15% | -19% | -16% | |
| Peers Max Drawdown | -22% | -37% | -26% | -22% | -30% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UPS, FDX, CHRW, XPO, RLGT. See EXPD Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)
How Low Can It Go
| Event | EXPD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.6% | -18.8% |
| % Gain to Breakeven | 13.1% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.1% | -9.5% |
| % Gain to Breakeven | 16.4% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.2% | -24.5% |
| % Gain to Breakeven | 49.8% | 32.4% |
| Time to Breakeven | 452 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.7% | 50.9% |
| Time to Breakeven | 70 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.2% | -19.2% |
| % Gain to Breakeven | 15.2% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.7% | -12.2% |
| % Gain to Breakeven | 15.9% | 13.9% |
| Time to Breakeven | 91 days | 62 days |
In The Past
Expeditors International of Washington's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.
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Asset Allocation
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| Event | EXPD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.2% | -24.5% |
| % Gain to Breakeven | 49.8% | 32.4% |
| Time to Breakeven | 452 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.9% | -33.7% |
| % Gain to Breakeven | 38.7% | 50.9% |
| Time to Breakeven | 70 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.2% | -17.9% |
| % Gain to Breakeven | 28.6% | 21.8% |
| Time to Breakeven | 1241 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -47.9% | -53.4% |
| % Gain to Breakeven | 91.9% | 114.4% |
| Time to Breakeven | 564 days | 1085 days |
In The Past
Expeditors International of Washington's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Expeditors International of Washington (EXPD)
Expeditors International of Washington, Inc. (EXPD) is a global logistics and freight forwarding company that helps businesses manage the complex movement of their goods across the world. Operating extensively across the Americas, Asia, Europe, the Middle East, Africa, and India, Expeditors acts as a crucial intermediary, consolidating shipments and serving as an agent for various air and ocean carriers.
The company's core services are centered on airfreight and ocean freight, encompassing consolidation, direct forwarding, and comprehensive order management. Beyond basic transportation, EXPD provides a broad suite of integrated supply chain solutions. This includes customs brokerage and clearance, intra-continental ground transportation, warehousing and distribution, purchase order management, cargo insurance, and specialized services like temperature-controlled transit and cargo monitoring. They also offer consulting on trade compliance, supply chain optimization, and cargo security.
Expeditors serves a diverse range of business customers across multiple industries. Its client base primarily includes companies in the retailing, wholesaling, electronics, technology, industrial, and manufacturing sectors. By providing end-to-end logistics solutions, EXPD enables these businesses to streamline their international and domestic shipping processes, ensuring efficient, timely, and compliant delivery of goods.
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Here are a couple of analogies for Expeditors International of Washington:
They're like a global UPS or FedEx, but for large businesses, managing complex international shipments, customs, and entire supply chains instead of just individual packages.
Imagine them as the 'Amazon for global business logistics,' providing all the services needed to move products from factories worldwide to their final destinations for corporations.
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- Air Freight Services: Provides air freight consolidation and forwarding for shipments.
- Ocean Freight Services: Offers ocean freight consolidation, direct ocean forwarding, and order management.
- Customs Brokerage: Manages customs clearance and compliance for international shipments.
- Ground Transportation: Delivers intra-continental ground transportation and delivery solutions.
- Warehousing & Distribution: Provides warehousing and distribution services for goods.
- Supply Chain Solutions: Offers comprehensive services including purchase order management, vendor consolidation, time-definite transportation, temperature-controlled transit, and cargo monitoring.
- Trade Compliance & Consulting: Delivers expertise in trade compliance, optimization, cargo security, and related consulting.
- Ancillary Logistics Services: Includes preparation of shipping and customs documentation, packing, crating, and negotiation of letters of credit.
AI Analysis | Feedback
Expeditors International of Washington (EXPD) sells primarily to other companies, rather than individuals.
Based on the provided information, its major customers operate within the following industries:
- Retailing and wholesaling companies
- Electronics companies
- Technology companies
- Industrial and manufacturing companies
As a logistics and freight forwarding service provider, Expeditors International of Washington serves a broad base of businesses. Specific names of its customer companies are generally not publicly disclosed due to client confidentiality and the extensive number of businesses it serves across these various industries.
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Daniel R. Wall, Chief Executive Officer and President
Daniel R. Wall was appointed President and Chief Executive Officer of Expeditors International of Washington, Inc. effective April 1, 2025. He joined Expeditors in March 1987 and has held various leadership positions throughout his career at the company, including District Manager (May 1992), Global Director — Account Management (March 2002), Vice President — ECMS (Order Management) (January 2004), Senior Vice President — Ocean Services (September 2004), President of Global Products (June 2015), President of Global Services (January 1, 2023), and President of Global Geographies and Operations (January 1, 2024).
David A. Hackett, Senior Vice President and Chief Financial Officer
David A. Hackett was appointed Senior Vice President and Chief Financial Officer effective October 1, 2025. He joined Expeditors in May 2024 as Vice President, Finance. Prior to joining Expeditors, Mr. Hackett spent nearly 16 years at NIKE, Inc., where his roles included vice president in the finance and strategy function, leading external reporting, serving as Controller of North America, and Vice President of Global Treasury and Financial Risk Management. Before his tenure at NIKE, he spent nearly nine years in the audit function of KPMG, where he was a senior manager and led audit teams for major public clients in the Pacific Northwest. Mr. Hackett obtained his CPA certification in Oregon in 1998.
Robert A. Martinez, President - Global Products
Robert A. Martinez assumed the role of President - Global Products effective June 1, 2025. He began his career at Expeditors in 2003 in Customs Brokerage as a Customer Service Representative. His progression within the company includes roles such as Management Trainee, District Manager, Distribution Manager, Regional Director, and Regional Vice President. Before his current appointment, he was promoted to Senior Vice President - The Americas in October 2023. His extensive experience at Expeditors covers operations in Customs Brokerage, district management in key U.S. border cities, and regional oversight of Mexico and the Southern Border.
Kelly K. Blacker, President - Global Geographies
Kelly K. Blacker was appointed President - Global Geographies, effective April 1, 2025. She has an extensive tenure with Expeditors, having been with the company since 1994.
Blake R. Bell, President - Global Business Development
Blake R. Bell was appointed President - Global Business Development, effective May 20, 2025.
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Expeditors International of Washington (EXPD), a global non-asset-based logistics provider, faces several key risks inherent to the international freight forwarding industry and its operational model.
- Global Economic and Geopolitical Volatility: As a company heavily reliant on international trade, Expeditors' performance is significantly exposed to global economic conditions, trade policies, and geopolitical events. Economic downturns, trade disputes (particularly between the U.S. and China), tariffs, and geopolitical conflicts can disrupt global trade flows, leading to reduced shipping volumes and volatility in demand for air and ocean freight services. Such instability can directly impact EXPD's transaction volumes, revenue, and overall profitability.
- Market and Pricing Volatility with Intense Competition: The global logistics industry is highly competitive, characterized by numerous players, including large multinational firms, niche specialists, and new technology-based entrants. Expeditors operates in an environment with significant pricing volatility for ocean and air freight services, influenced by carrier capacity, fuel prices, and fluctuating demand. This dynamic market can put pressure on EXPD's margins and pricing power, making it challenging to maintain historical unitary profitability.
- Operational Dependence and Supply Chain Disruptions: As a non-asset-based logistics provider, Expeditors is highly dependent on third-party air, ocean, and ground carriers for transportation capacity and services. Disruptions in these service providers' operations, such as insufficient capacity, port congestion, labor disputes, or carrier failures, can adversely impact EXPD's ability to deliver services and meet customer expectations. Additionally, the company's reliance on complex information technology systems means it is exposed to risks from technological disruptions and cybersecurity threats, which could harm business operations and financial results. Expeditors must also navigate complex and evolving international regulations, customs requirements, and environmental standards, with non-compliance posing risks of penalties and operational delays.
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The emergence of digital freight forwarders and online logistics marketplaces that leverage technology, AI, and data analytics to offer more transparent, efficient, and potentially lower-cost shipping solutions, thereby disrupting the traditional intermediary model of freight forwarding.
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Addressable Markets for Expeditors International of Washington
-
Third-Party Logistics (3PL) Market: This broad market encompasses many of Expeditors' core services, including freight forwarding, customs brokerage, warehousing, and supply chain management.
- Globally, the third-party logistics market was valued at USD 1.6 trillion in 2025 and is projected to grow to USD 1.8 trillion in 2026, reaching USD 4.3 trillion by 2035. Other estimates place the global market at USD 1,201.4 billion in 2024, expected to reach USD 2,218.3 billion by 2033, or USD 1238.74 billion in 2025, projected to grow to USD 2852.54 billion by 2034.
- In North America, the third-party logistics market was valued at USD 394.90 billion in 2025 and is projected to reach USD 649.40 billion by 2035. Another estimate indicates the North America 3PL market generated USD 315,572.6 million in 2025, with a projection to reach US$ 568,553.9 million by 2033.
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Air Freight Forwarding Market: Expeditors provides airfreight consolidation and forwarding services.
- The global air freight forwarding market was estimated to be worth USD 89.23 billion in 2024 and is projected to reach USD 152.91 billion by 2035. Another estimate values the market at USD 110.91 billion in 2024, expected to reach USD 147.35 billion by 2029.
- North America is expected to generate significant demand in the air freight forwarding market.
-
Ocean Freight Forwarding Market: The company offers ocean freight consolidation and direct ocean forwarding.
- The global sea freight forwarding market size reached USD 83.4 billion in 2024 and is projected to reach USD 107.4 billion by 2033. A different estimate for the global sea freight forwarding market size was USD 358.31 billion in 2025, with a projection to reach USD 488.97 billion by 2031.
- In North America, the ocean freight forwarding market was valued at USD 30,207.14 million (approximately USD 30.2 billion) in 2025 and is projected to reach USD 39,440.16 million (approximately USD 39.4 billion) by 2032. Another source estimated the North America sea freight forwarding market size at USD 79.95 billion in 2025, expected to grow to USD 98.26 billion by 2030.
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Customs Brokerage Market: Expeditors provides customs brokerage and customs clearance services.
- The global customs brokerage market size was estimated at USD 27.6 billion in 2024 and is projected to increase to USD 57.7 billion by 2035. Other estimates for the global market include USD 26.4 billion in 2024, projected to reach USD 50.2 billion by 2034.
- North America held a significant share of the customs brokerage market. The North America customs brokerage market was valued at USD 10 billion in 2025 and is projected to reach USD 16.67 billion by 2034. Another source reported North America's customs brokerage market valuation at USD 1.8 billion in 2024, expected to grow to USD 2.7 billion by 2035.
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Warehousing and Distribution Logistics Market: The company offers warehousing and distribution services.
- The global warehousing and distribution logistics market was valued at USD 217.3 billion in 2023 and is projected to grow to USD 301.9 billion by 2030. Other estimates value the global market at USD 14.26 billion in 2024, projected to grow to USD 33.25 billion by 2035.
- In North America, the warehousing and storage market was valued at USD 90.70 billion in 2025, projected to reach USD 114.37 billion by 2034. Other figures for the North America warehousing and storage market include USD 94.69 billion in 2025, expected to reach USD 111.45 billion by 2030, and USD 88.2 billion in 2024, projected to reach USD 109.2 billion by 2033. A broader estimate for the North America warehousing market generated a revenue of USD 335.1 billion in 2024 and is expected to reach US$ 507.6 billion by 2030. The U.S. warehousing market alone reached $246.0 billion in 2022.
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Expeditors International of Washington (EXPD) is expected to drive future revenue growth over the next two to three years through several key strategies and market dynamics:
- Growth in Airfreight and Customs Brokerage Services: Expeditors has seen an increase in airfreight tonnage, particularly from North and South Asia, with airfreight services revenues increasing by 4.3% year over year in the fourth quarter of 2025. The company also experienced a 15.5% year-over-year increase in customs brokerage and other services revenues in Q4 2025, with ongoing demand anticipated due to the complex global trade environment.
- Strategic Investments in Technology and Customer Vertical Solutions: Management has indicated a focus on strategic investments in high-return opportunities, including artificial intelligence (AI) and other customer vertical solutions, where the company sees the most growth potential in 2026. This suggests an effort to enhance existing services and potentially offer new, specialized solutions to customers.
- Stabilization and Recovery of Global Trade and Freight Volumes: Analysts note that as global trade activity gradually stabilizes, even modest improvements in shipment volumes could contribute to a steady revenue recovery for Expeditors. While ocean container volume experienced a decline in Q4 2025 due to weaker rates, a broader recovery in international trade would positively impact overall freight volumes across all services.
- Pricing Optimization and Favorable Market Pricing Conditions: Expeditors plans to focus on pricing optimization as a strategy in 2026. Furthermore, when capacity in global transportation networks tightens, shipping rates can rise, which would expand the gross profit per shipment for logistics providers like Expeditors, even without substantial volume growth.
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Share Repurchases
- Expeditors' Board of Directors authorized a new share repurchase program of up to $3 billion on February 23, 2026, which will become effective upon the expiration of the current authorization.
- In 2025, the company returned $875 million to shareholders through common stock repurchases and dividends, repurchasing 5.6 million shares at an average price of $118.01 per share.
- Annual share buybacks amounted to $855.061 million in 2024.
Share Issuance
- Expeditors International has consistently reduced its outstanding shares through repurchases over the last five years, with no information available regarding significant share issuances.
Inbound Investments
- No information is available regarding large inbound investments made in Expeditors International by strategic partners or private equity firms within the last 3-5 years.
Outbound Investments
- No information is available regarding significant outbound investments or acquisitions made by Expeditors International within the last 3-5 years. The acquisition of Fleet Logistics' Digital Platform occurred in May 2020.
Capital Expenditures
- Anticipated capital expenditures for 2026 are approximately $100 million, primarily focused on investments in technology infrastructure, leasehold and building improvements, and routine capital expenditures to support organic growth and enhance security and internal controls.
- Capital expenditures were $47 million in 2025 and $47 million in 2024.
- The company's asset-light business model typically results in low capital expenditures, often less than 1% of revenue, mostly related to IT systems.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 181.69 |
| Mkt Cap | 23.7 |
| Rev LTM | 13,692 |
| Op Inc LTM | 938 |
| FCF LTM | 864 |
| FCF 3Y Avg | 694 |
| CFO LTM | 1,000 |
| CFO 3Y Avg | 856 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.9% |
| Rev Chg 3Y Avg | -4.4% |
| Rev Chg Q | 2.2% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Inc Chg LTM | 3.5% |
| Op Inc Chg 3Y Avg | 3.3% |
| Op Mgn LTM | 7.7% |
| Op Mgn 3Y Avg | 7.7% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 8.7% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 3.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 23.7 |
| P/S | 1.2 |
| P/Op Inc | 24.3 |
| P/EBIT | 20.5 |
| P/E | 27.3 |
| P/CFO | 18.5 |
| Total Yield | 4.2% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 4.9% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.6% |
| 3M Rtn | 12.2% |
| 6M Rtn | 21.7% |
| 12M Rtn | 54.4% |
| 3Y Rtn | 54.9% |
| 1M Excs Rtn | 0.8% |
| 3M Excs Rtn | 0.9% |
| 6M Excs Rtn | 12.8% |
| 12M Excs Rtn | 33.6% |
| 3Y Excs Rtn | -13.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Customs brokerage and other services | 4,271 | 3,782 | 3,690 | 4,640 | 4,206 |
| Airfreight services | 3,983 | 3,670 | 3,247 | 5,887 | 6,771 |
| Ocean freight and ocean services | 2,815 | 3,149 | 2,363 | 6,545 | 5,546 |
| Total | 11,069 | 10,601 | 9,300 | 17,071 | 16,524 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| NORTH ASIA | 246 | ||||
| United states | 245 | 221 | 196 | 179 | 211 |
| SOUTH ASIA | 70 | ||||
| Europe | 65 | 62 | |||
| OTHER NORTH AMERICA | 47 | 36 | 35 | 32 | 29 |
| Middle East, Africa and India | 29 | 25 | |||
| LATIN AMERICA | 20 | 20 | 16 | 17 | 19 |
| Asia Pacific | 230 | 225 | 217 | 259 | |
| EUROPE and AFRICA | 53 | 59 | 72 | ||
| MIDDLE EAST and INDIA | 27 | 26 | 28 | ||
| Total | 721 | 595 | 552 | 531 | 618 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| United states | 1,203 | 1,409 | 1,583 | 1,459 | 1,522 |
| NORTH ASIA | 447 | ||||
| Europe | 422 | 447 | |||
| Middle East, Africa and India | 222 | 209 | |||
| SOUTH ASIA | 127 | ||||
| OTHER NORTH AMERICA | 112 | 111 | 105 | 92 | 86 |
| LATIN AMERICA | 49 | 54 | 58 | 49 | 48 |
| ELIMINATIONS | 2 | 6 | 6 | 1 | 1 |
| Asia Pacific | 655 | 669 | 777 | 667 | |
| EUROPE and AFRICA | 446 | 428 | 402 | ||
| MIDDLE EAST and INDIA | 149 | 148 | 141 | ||
| Total | 2,582 | 2,891 | 3,015 | 2,954 | 2,867 |
Price Behavior
| Market Price | $170.62 | |
| Market Cap ($ Bil) | 22.8 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $158.70 | $146.29 |
| DMA Trend | up | up |
| Distance from DMA | 7.5% | 16.6% |
| 3M | 1YR | |
| Volatility | 29.2% | 30.6% |
| Downside Capture | -4.16 | 39.82 |
| Upside Capture | 64.21 | 76.08 |
| Correlation (SPY) | 9.0% | 20.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.24 | 0.39 | 0.27 | 0.48 | 0.51 | 0.65 |
| Up Beta | -0.56 | -0.02 | 0.15 | -0.05 | 0.27 | 0.57 |
| Down Beta | 0.54 | 0.20 | 0.28 | 0.95 | 0.61 | 0.63 |
| Up Capture | 60% | 86% | 48% | 50% | 63% | 40% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 14 | 25 | 38 | 73 | 139 | 392 |
| Down Capture | 16% | 33% | 10% | 52% | 47% | 90% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 7 | 16 | 25 | 52 | 113 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPD | |
|---|---|---|---|---|
| EXPD | 47.2% | 30.6% | 1.28 | - |
| Sector ETF (XLI) | 23.0% | 16.7% | 1.07 | 23.0% |
| Equity (SPY) | 22.3% | 12.5% | 1.33 | 21.0% |
| Gold (GLD) | 24.4% | 27.8% | 0.77 | 8.4% |
| Commodities (DBC) | 23.6% | 18.7% | 1.00 | 4.9% |
| Real Estate (VNQ) | 13.2% | 13.9% | 0.65 | 19.2% |
| Bitcoin (BTCUSD) | -42.8% | 42.8% | -1.18 | 8.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPD | |
|---|---|---|---|---|
| EXPD | 7.4% | 26.8% | 0.26 | - |
| Sector ETF (XLI) | 13.7% | 17.6% | 0.61 | 52.0% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 49.6% |
| Gold (GLD) | 18.0% | 18.3% | 0.80 | 6.7% |
| Commodities (DBC) | 7.5% | 19.5% | 0.28 | 12.0% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.06 | 43.1% |
| Bitcoin (BTCUSD) | 12.3% | 53.5% | 0.42 | 12.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EXPD | |
|---|---|---|---|---|
| EXPD | 15.0% | 25.1% | 0.57 | - |
| Sector ETF (XLI) | 14.8% | 20.0% | 0.65 | 58.6% |
| Equity (SPY) | 15.8% | 17.9% | 0.75 | 56.8% |
| Gold (GLD) | 11.7% | 16.1% | 0.59 | 4.9% |
| Commodities (DBC) | 6.1% | 18.0% | 0.27 | 18.2% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 44.3% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 7.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 9.6% | 11.3% | 14.2% |
| 2/24/2026 | 2.2% | 6.6% | 3.1% |
| 11/4/2025 | 1.6% | 2.8% | 12.2% |
| 8/5/2025 | -0.5% | 0.1% | 3.0% |
| 5/6/2025 | 1.7% | 8.6% | 5.4% |
| 2/18/2025 | -1.5% | 0.4% | -1.4% |
| 11/5/2024 | -2.1% | -2.7% | -0.7% |
| 8/6/2024 | 0.7% | 2.7% | 5.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 17 | 17 | 17 |
| # Negative | 7 | 7 | 7 |
| Median Positive | 1.7% | 2.8% | 5.4% |
| Median Negative | -1.5% | -2.1% | -1.3% |
| Max Positive | 9.6% | 11.3% | 14.2% |
| Max Negative | -2.1% | -3.5% | -3.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 9.6% | 11.3% | 14.2% |
| 2/24/2026 | 2.2% | 6.6% | 3.1% |
| 11/4/2025 | 1.6% | 2.8% | 12.2% |
| 8/5/2025 | -0.5% | 0.1% | 3.0% |
| 5/6/2025 | 1.7% | 8.6% | 5.4% |
| 2/18/2025 | -1.5% | 0.4% | -1.4% |
| 11/5/2024 | -2.1% | -2.7% | -0.7% |
| 8/6/2024 | 0.7% | 2.7% | 5.5% |
| 5/7/2024 | 1.7% | 2.3% | 9.9% |
| 2/20/2024 | 2.0% | 2.7% | 3.5% |
| 11/7/2023 | 2.5% | 7.2% | 9.4% |
| 8/8/2023 | -1.6% | -3.5% | -3.2% |
| 5/2/2023 | 4.0% | 2.0% | -1.0% |
| 2/21/2023 | 0.0% | -0.6% | -0.5% |
| 11/8/2022 | 0.4% | 10.8% | 3.9% |
| 8/2/2022 | 0.5% | 1.3% | 0.6% |
| 5/3/2022 | 7.9% | 6.2% | 6.8% |
| 2/22/2022 | -1.9% | -2.1% | -1.3% |
| 11/2/2021 | 4.7% | 2.8% | 1.0% |
| 8/3/2021 | -0.9% | -3.4% | -2.9% |
| 5/4/2021 | -0.3% | 3.4% | 9.5% |
| 2/16/2021 | 1.0% | -1.9% | 9.7% |
| 11/4/2020 | 0.6% | 1.9% | 4.2% |
| 8/4/2020 | 1.2% | -0.7% | 4.5% |
| SUMMARY STATS | |||
| # Positive | 17 | 17 | 17 |
| # Negative | 7 | 7 | 7 |
| Median Positive | 1.7% | 2.8% | 5.4% |
| Median Negative | -1.5% | -2.1% | -1.3% |
| Max Positive | 9.6% | 11.3% | 14.2% |
| Max Negative | -2.1% | -3.5% | -3.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Insider Activity
Updated 5/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bell, Blake R | President Global Business Dev | Direct | Sell | 3032026 | 144.08 | 10,351 | 1,491,372 | 8,252,244 | Form |
| 2 | Wall, Daniel R | President and CEO | Direct | Sell | 3032026 | 145.07 | 6,100 | 884,927 | 8,781,323 | Form |
| 3 | Emmert, Mark A | Direct | Sell | 11102025 | 135.25 | 5,400 | 730,350 | 874,797 | Form | |
| 4 | Dickerman, Jeffrey F | Senior VP/Gen Counsel/Corp Sec | Direct | Sell | 11062025 | 134.17 | 1,500 | 201,255 | 825,235 | Form |
| 5 | Carlile, Robert Paul | Direct | Sell | 9092025 | 120.51 | 2,500 | 301,268 | 1,089,987 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bell, Blake R | President Global Business Dev | Direct | Sell | 3032026 | 144.08 | 10,351 | 1,491,372 | 8,252,244 | Form |
| 2 | Wall, Daniel R | President and CEO | Direct | Sell | 3032026 | 145.07 | 6,100 | 884,927 | 8,781,323 | Form |
| 3 | Emmert, Mark A | Direct | Sell | 11102025 | 135.25 | 5,400 | 730,350 | 874,797 | Form | |
| 4 | Dickerman, Jeffrey F | Senior VP/Gen Counsel/Corp Sec | Direct | Sell | 11062025 | 134.17 | 1,500 | 201,255 | 825,235 | Form |
| 5 | Carlile, Robert Paul | Direct | Sell | 9092025 | 120.51 | 2,500 | 301,268 | 1,089,987 | Form | |
| 6 | Emmert, Mark A | Direct | Sell | 8202025 | 121.26 | 4,100 | 497,150 | 1,439,066 | Form | |
| 7 | Dickerman, Jeffrey F | Senior VP/Gen Counsel/Corp Sec | Direct | Sell | 8112025 | 118.05 | 1,470 | 173,535 | 903,169 | Form |
| 8 | Bell, Blake R | President Global Business Dev | Direct | Sell | 8082025 | 117.89 | 18,000 | 2,122,092 | 6,752,430 | Form |
| 9 | Wall, Daniel R | President and CEO | Direct | Sell | 5132025 | 115.91 | 9,996 | 1,158,636 | 6,993,310 | Form |
Expeditors International of Washington — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Air Freight & Logistics Resources |
| Air Cargo World |
| Logistics Management |
| Journal of Commerce (JOC) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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