FirmAtlas
Company handbook · EXPD · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
EXPD · CIK 746515 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
$195.91
−2.73 (−1.37%)
Close, Oct 16, 2026 · 52-week $117–201
Expeditors arranges shipping for other companies' goods by air and sea, without owning planes or ships: it buys space from carriers and books its customers' freight on it. It also handles customs clearance, warehousing and distribution.
Business
- ProductsCustomsbrokerageandotherservices 39% · Airfreightservices 36% · Oceanfreightandoceanservices 25% (FY25)
- CustomersImporters and exporters, from manufacturers to retailers, worldwide; sold by its own staff from its offices around the world
- Cash useFY24–FY25: buybacks $1.5B · dividends $412M · capex $94M
Reinvested 5% of operating cash flow · returned 118% of free cash flow
Last fiscal year
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. reported revenue of $11.1B for the year ended Dec 31, 2025 (FY25), up 4.4% from FY24. Net income was $810M, operating cash flow $1.0B and free cash flow $953M. Source: 10-K filed Feb 25, 2026.
Market cap
$26.2B
P/E
28.6
EV/EBITDA
22.5x
P/B
12.4
Div yield
0.81%
ROIC
73.8%
Revenue 1Y
4.4%/yr
EPS 1Y
4.0%/yr
Shares 1Y
−3%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODaniel R. Wall
HQBellevue, WA
AuditorKPMG, LLP
Employees20,000
Year endsDecember
Revenue by segment · FY25
Customsbrokerageandotherservices39%
Airfreightservices36%
Oceanfreightandoceanservices25%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
14.4%
11.0%
18.1%
65.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.0B deployed
Capex
$94M
4.6%
Dividends
$412M
20.3%
Buybacks
$1.5B
75.1%
Operating cash flow over the period: $1.7B. Total debt changed by $0M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
4,754
4,894+2.9%
5,135
Cash & short-term investments
1,148
1,314+14.5%
—
Accounts receivable
1,998
2,022+1.2%
—
Net PP&E
449
462+2.8%
—
Other assets
1,159
1,095−5.5%
—
Total liabilities
2,531
2,538+0.3%
3,016
Accounts payable
1,037
1,123+8.4%
—
Other liabilities
1,495
1,415−5.4%
—
Shareholders’ equity
2,223
2,356+6.0%
2,119
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
723
1,007+39.1%
973
Net income
812
812+0.1%
—
Depreciation & amortization
61
57−7.1%
—
Stock-based compensation
64
69+7.6%
—
Working capital & other
(214)
68n/m
—
Cash from investing
(41)
(45)n/m
—
Capex
(40)
(53)n/m
—
Other investing
(0.1)
8n/m
—
Cash from financing
(1,025)
(802)n/m
—
Dividends
(204)
(207)n/m
—
Buybacks
(855)
(667)n/m
—
Other financing
34
72+113.5%
—
Net change in cash
(365)
166n/m
—
Free cash flow (OCF − capex)
683
953+39.6%
924
Where the cash went
Operating cash flow
723
1,007+39.1%
973
Reinvested in the business
40
53+31.2%
—
% of operating cash flow
5.6%
5.3%
Capex
40
53+31.2%
49
Free cash flow
683
953+39.6%
924
YoY
+39.6%
Returned to shareholders
1,059
875−17.4%
—
% of free cash flow
155.1%
91.7%
Dividends
204
207+1.6%
—
Buybacks
855
667−22.0%
—
FCF conversion (FCF ÷ net income)
84.3%
117.7%+33.4 pp
—
Owner earnings
—
877
—
Owner earnings margin
—
7.9%
—
Buyback yield
5.6%
3.3%−2.2 pp
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,895
2,856
2,783
3,502
vs year-ago quarter
Operating income
288
251
295
350
Net income
222
201
230
266
vs year-ago quarter
Net margin
7.7%
7.0%
8.3%
7.6%
EPS (diluted, $)
1.64
1.50
1.71
2.03
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
4,780
4,894
4,782
5,135
Cash & equivalents
1,190
1,314
1,316
1,031
Shareholders’ equity
2,280
2,356
2,284
2,119
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
201
283
309
179
Capex
11
13
13
12
Free cash flow
190
270
297
167
vs year-ago quarter