Expeditors International of Washington (EXPD) FY2024 results: revenue $10.6 billion, up 14.0% on the year
Expeditors International of Washington Inc. (EXPD) reported revenue of $10.6 billion for fiscal 2024, the year ended 31 December 2024, up 14.0% on the year before. Net income was $810 million, up 7.6%, and diluted earnings per share $5.72. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$10.6 billion
+14.0% on the year
FY2017FY2024
Operating margin
9.8%
10.1% a year earlier
FY2017FY2024
Net income
$810 million
+7.6% on the year
FY2017FY2024
Diluted EPS
$5.72
+14.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
723
1,053
2,130
-31.3%
Capital expenditure
40.5
39.3
86.8
+2.9%
Free cash flow
683
1,014
2,043
-32.6%
Free cash flow margin
6.4%
10.9%
12.0%
Cash from investing
-40.5
-39.4
-87.7
Cash from financing
-1,025
-1,537
-1,685
Depreciation and amortisation
61.1
67.8
57.3
-9.8%
Share-based compensation
64.4
58.4
64.4
+10.2%
Buybacks
855
1,393
1,582
-38.6%
Dividends paid
204
202
214
+1.0%
Dividend per share
$1.46
$1.38
$1.34
+5.8%
Diluted shares, weighted
142m
150m
164m
-5.6%
Shares outstanding at period end
138m
144m
154m
-4.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,223
2,390
3,110
-7.0%
Non-controlling interest
2.8
1.1
3.5
+160.8%
Debt
n/a
n/a
0.0
Operating lease liabilities
462
428
423
+8.0%
Other liabilities
2,066
1,704
2,054
+21.2%
Total liabilities and equity
4,754
4,524
5,590
+5.1%
Fixed assets
449
479
502
-6.2%
Goodwill
7.9
7.9
7.9
0.0%
Cash and equivalents
1,148
1,513
2,034
-24.1%
Receivables
1,998
1,533
2,108
+30.4%
Other assets
1,151
991
939
+16.1%
Total assets
4,754
4,524
5,590
+5.1%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.