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Expeditors International of Washington Inc. (EXPD)

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Expeditors International of Washington Inc. (EXPD) reported revenue of $3.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 32.1% on the same quarter a year earlier. Net income was $266 million, up 45.0% on the year, and diluted earnings per share $2.03. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$3.5 billionup 32.1%
Net income$266 millionup 45.0%
Diluted EPS$2.03
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE43.4%
ROCE55.9%
Operating margin9.8%
Net margin7.6%
FCF margin7.7%
Interest covern/a
Debt to equityn/a
Cash conversion1.06
Share count, 1 year-3.8%
Sales CAGR, 3 years-13.4%
Profit CAGR, 3 years-15.8%
EPS, TTM$6.88

At the close of 21 September 2026

Price$192.15
Market cap$25.0 billion
Stock P/E27.93
Price to book11.79
EV / EBITDA19.34
Dividend yield0.8%
Market cap / sales2.08
52-week high$193.90
52-week low$113.13
Price, 1 year59.9%
Price CAGR, 3 years19.0%
Price CAGR, 5 years9.3%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on EXPD

Filings21 in twelve months: 14 current reports (8-K), about 4 regulation fd disclosure; 4 results of operations; 3 other events; 2 officer or director change; 1 shareholder vote
Planned insider sales5 Form 144 notices in twelve months, $5.0 million; latest 27 February 2026
Options tapeput/call 0.27 by open interest on 23 September 2026; the straddle prices a 4.7% move to 16 October 2026
Holders8 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 5.85 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,1902,2782,2072,4393,0002,9552,6662,6522,8952,8562,7833,502
Operating income216199215224302301266248288251295350
Operating margin10%9%10%9%10%10%10%9%10%9%11%10%
Interest expense1.60.2n/an/an/an/an/an/an/an/an/an/a
Pre-tax income232216233236312313276258298262306358
Tax rate26%26%27%26%26%25%26%29%25%23%25%25%
Net income171159169175230236204184222201230266
Net margin8%7%8%7%8%8%8%7%8%7%8%8%
Diluted EPS$1.16$1.10$1.17$1.24$1.63$1.68$1.47$1.34$1.64$1.50$1.71$2.03
Operating cash flow19015825712790.0250343179201283309179
Capital expenditure8.010.710.27.912.310.113.215.911.113.012.612.0
Free cash flow18214824711977.7240329163190270297167
Buybacks29819436110214025217723121246.5288355
Dividends paid0.0n/an/a1030.0n/an/a1040.0n/an/a106
Shares outstanding145m144m141m141m140m138m137m135m134m134m132m130m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Revenue6,5656,6176,0986,9218,1387,9429,58416,52417,0719,30010,60111,06912,036
Operating income5957216707007977679401,9091,8249401,0411,0531,183
Operating margin9.1%10.9%11.0%10.1%9.8%9.7%9.8%11.6%10.7%10.1%9.8%9.5%9.8%
Interest expensen/an/an/an/an/an/a0.20.423.34.8n/an/an/a
Pre-tax income6117376877198187969571,9251,8361,0151,0951,0941,225
Income tax231277254228199204258506475263283282304
Effective tax rate37.9%37.6%37.0%31.8%24.3%25.6%27.0%26.3%25.9%25.9%25.9%25.8%24.8%
Net income3774574314896185906961,4151,357753810810919
Net margin5.7%6.9%7.1%7.1%7.6%7.4%7.3%8.6%8.0%8.1%7.6%7.3%7.6%
Diluted EPS$1.92$2.40$2.36$2.69$3.48$3.39$4.07$8.27$8.26$5.01$5.72$5.95$6.88
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3955675294895737726558682,1301,0537231,007973
Capital expenditure37.544.459.395.047.547.047.536.286.839.340.553.148.7
Free cash flow3575224703945257256078322,0431,014683953924
Free cash flow margin5.4%7.9%7.7%5.7%6.5%9.1%6.3%5.0%12.0%10.9%6.4%8.6%7.7%
Depreciation and amortisation49.346.046.849.354.051.057.051.357.367.861.156.854.9
Share-based compensation42.543.445.250.956.161.562.569.464.458.464.469.275.4
Buybacks5516303384786483893325151,5821,393855667901
Dividends paid125136145150157171175196214202204207n/a
Dividend per share$0.64$0.72$0.80$0.84$0.90$1.00$1.04$1.16$1.34$1.38$1.46$1.54n/a
Diluted shares, weighted197m190m183m182m178m174m171m171m164m150m142m136m131m
Shares outstanding at period end192m182m180m176m172m170m169m167m154m144m138m134m130m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016FY2017FY2018FY2019 FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Total assets2,8712,5662,7913,1173,3153,6924,9287,6105,5904,5244,7544,8945,135
Cash and equivalents9278089741,0519241,2301,5281,7292,0341,5131,1481,3141,031
Receivables1,2361,1121,1901,4151,5821,3151,9983,8102,1081,5331,9982,0222,631
Goodwill7.97.97.97.97.97.97.97.97.97.97.97.97.9
Operating lease liabilitiesn/an/an/an/a0.0326364386423428462460451
Shareholders' equity1,8681,6921,8451,9921,9872,1952,6603,4943,1102,3902,2232,3562,119
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.3%2.9%-13.4%6.8%
Profit growth, compounded5.9%3.1%-15.8%7.7%
Return on equity, average31.9%37.3%34.1%34.4%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Arrangement Of Transportation Of Freight & Cargo

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Expeditors International of Washington Inc. EXPD$25.0 billion27.9343.4%9.8%6.8%n/a0.8%
C. H. Robinson Worldwide, Inc. CHRW$17.9 billion29.1738.9%4.9%-0.1%1.041.6%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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