Saturday 31 October 2026 Export EXPD’s income statement to Excel — free account

Expeditors International of Washington, Inc.

EXPD Industrials Integrated Freight & Logistics

Expeditors International of Washington, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.1 billion, up 4.42% from fiscal 2024. In the quarter to June 2026, revenue grew 32.1%, EPS grew 50.4% and free cash flow grew 2.03%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

199.25 0.86 +0.43%

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Market cap: $25.8B
P/E: 28.9×
Fwd P/E: 24.8×
Dividend yield: 0.79%
F-score: 8/9
Altman Z: 8.90
Beneish M: −2.65
Dividend safety: 97/100

Overview Business Profile Earnings & Analysis Segments Filings

Expeditors International of Washington, Inc. (EXPD) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Customs brokerage and other services	4,271	38.59%
Airfreight services	3,983	35.98%
Ocean freight and ocean services	2,815	25.43%
Gross margin		33.13%
Operating margin		9.51%
Pre-tax margin		9.88%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Customs brokerage and other services	4,271 38.59%	3,782 35.68%	3,690 39.68%	4,640 27.18%	4,206 25.46%	2,968 30.97%	3,013 37.94%	2,615 32.13%	1,937 27.99%	1,727 28.32%
Airfreight services	3,983 35.98%	3,670 34.62%	3,247 34.91%	5,887 34.48%	6,771 40.98%	4,274 44.59%	2,741 34.51%	3,272 40.20%	2,877 41.57%	2,453 40.23%
Ocean freight and ocean services	2,815 25.43%	3,149 29.70%	2,363 25.41%	6,545 38.34%	5,546 33.56%	2,342 24.44%	2,188 27.55%	2,252 27.67%	2,107 30.44%	1,917 31.44%
Revenue	11,069	10,601	9,300	17,071	16,524	9,584	7,942	8,138	6,921	6,098

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
United States Segment	3,584 32.38%	3,252 30.68%	3,311 35.61%	4,869 28.52%	4,345 26.29%	2,777 28.97%	2,721 34.26%
North Asia Segment	2,738 24.73%	2,934 27.68%	2,181 23.45%	5,810 34.03%	6,363 38.51%	3,426 35.74%	2,324 29.26%
Europe Segment	1,829 16.53%	1,701 16.05%	1,809 19.45%	2,471 14.48%	2,259 13.67%	1,456 15.19%	1,239 15.60%
South Asia Segment	1,555 14.05%	1,391 13.12%	865 9.30%	2,144 12.56%	2,047 12.39%	962 10.04%	725 9.13%
Middle East Africa and India Segment	639 5.77%	683 6.44%	505 5.43%	1,005 5.89%	866 5.24%	486 5.07%	439 5.53%
Other North America Segment	471 4.25%	429 4.05%	436 4.69%	518 3.03%	440 2.66%	326 3.40%	346 4.35%
Latin America Segment	262 2.37%	215 2.03%	197 2.12%	258 1.51%	209 1.27%	156 1.63%	152 1.91%
Revenue	11,069	10,601	9,300	17,071	16,524	9,584	7,942

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
United States Segment	‡	‡	‡	‡	‡	‡	‡
North Asia Segment	‡	‡	‡	‡	‡	‡	‡
South Asia Segment	‡	‡	‡	‡	‡	‡	‡
Europe Segment	‡	‡	‡	‡	‡	‡	‡
Middle East Africa and India Segment	‡	‡	‡	‡	‡	‡	‡
Other North America Segment	‡	‡	‡	‡	‡	‡	‡
Latin America Segment	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Airfreight kilos	Q2 FY2026	14.0%	7.00%	—
Employee Full-time Equivalents	Q2 FY2026	20.4K	19.7K	+3.68%
Ocean freight FEU	Q1 FY2026	−4.00%	8.00%	—

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Airfreight kilos	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Employee Full-time Equivalents	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ocean freight FEU	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.