Pricing Log in Create free account
Saturday 17 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.

195.91 2.73 −1.37%
Market cap
$25.8B
P/E
28.4×
Fwd P/E
23.6×
Dividend yield
0.81%
F-score
8/9
Altman Z
8.90
Beneish M
−2.65
Dividend safety
97/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 1.82
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 2 — — 1 — — — — — — — —
Insider Ownership 1.36%

Capital & Financial Ratios $m

Market Cap 25,820.00
Revenue 12,036.00
Net Income 921.33
Free Cash Flow 923.86
Net Debt (1,031.45)
Current Ratio 1.57 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 28.39
Fwd P/E 23.60
P/S ratio 2.13
P/B ratio 12.10 (above 6: high)
Past 5Y EPS Growth 7.89%
This Y EPS Growth 33.09% (at or above 15%: strong)
Next Y EPS Growth 2.94%
Next Y revenue growth 19.35% (at or above 10%: strong)
Next 5Y EPS Growth 12.58%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 1.4×; over the ten years it ranged from 0.6× in 2022 to 2.0× in 2026.
P/E against its own 10 years 99.93%
10-year low 10-year high
P/S against its own 10 years 99.93%
10-year low 10-year high
P/B against its own 10 years 99.93%
10-year low 10-year high
EV/Sales against its own 10 years 99.93%
10-year low 10-year high
EV/FCF against its own 10 years 92.52%
10-year low 10-year high

Dividends

Payout Ratio 0.23
Annual Dividend Rate 1.58
Annual Dividend Yield 0.81%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.57
0.81
2025 1.54
0.77
0.77
2024 1.46
0.73
0.73
2023 1.38
0.69
0.69
2022 1.34
0.67
0.67
2021 1.16
0.58
0.58
2020 1.04
0.52
0.52
2019 1.00
0.50
0.50
2018 0.90
0.45
0.45
2017 0.84
0.42
0.42
2016 0.80
0.40
0.40
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,513 1,148 1,314 1,031
Receivables 1,533 1,998 2,022 2,631
Inventory — — — —
Other 171 164 136 85
3,435 3,660 3,756 4,007
2023 2024 2025 Q'26
Payables 861 1,037 1,123 1,468
ST’ Debt — — — —
Other 281 442 358 349
1,704 2,066 2,073 2,559

Compound Annual Growth %

10y 5y 3y
Sales 5.28% 2.92% (13.45%)
Cash Flow 5.91% 8.97% (22.11%)
Earnings 5.89% 3.08% (15.80%)
Book Value 3.36% (2.40%) (8.85%)

Revenue $m

Mar Jun Sep Dec Year
’26 2,783 3,502 — — —
’25 2,666 2,652 2,895 2,856 11,069
’24 2,207 2,439 3,000 2,955 10,601
’23 2,593 2,240 2,190 2,278 9,300
’22 4,664 4,603 4,362 3,442 17,071
’21 3,199 3,609 4,319 5,396 16,524
’20 1,902 2,411 2,349 2,923 9,584
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 309 179 — — —
’25 343 179 201 283 1,007
’24 257 127 90 250 723
’23 546 158 190 158 1,053
’22 414 559 670 487 2,130
’21 356 30 177 305 868
’20 165 187 162 142 655
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 297 167 — — —
’25 329 163 190 270 953
’24 247 119 78 240 683
’23 536 148 182 148 1,014
’22 400 520 654 468 2,043
’21 347 24 168 294 832
’20 159 165 152 132 607
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.71 2.03 — — —
’25 1.47 1.34 1.64 1.49 5.95
’24 1.17 1.24 1.63 1.68 5.72
’23 1.45 1.30 1.16 1.09 5.01
’22 2.05 2.27 2.54 1.38 8.26
’21 1.67 1.84 2.09 2.66 8.27
’20 0.71 1.09 1.12 1.16 4.07
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 40.41 51.57 59.10 64.56 52.55 88.82 86.08 102.89 109.43 100.47

Analyst estimates 2026–2028

Powerpack
High 56.37 66.01 78.16 81.15 95.73 137.80 134.96 129.14 131.59 155.04
People
People Employees 16,000 16,500 17,500 18,000 17,500 19,000 20,000 18,000 18,400 19,800
Revenue/emp, $m 0.38 0.42 0.47 0.44 0.55 0.87 0.85 0.52 0.58 0.56
Income, $m
Income, $m Revenue 6,098 6,921 8,138 7,942 9,584 16,524 17,071 9,300 10,601 11,069
Gross margin, % 35.49 33.51 32.20 33.19 30.55 27.02 26.33 34.90 32.20 33.13
EBT 687 719 818 796 957 1,925 1,836 1,015 1,095 1,094
EBT margin, % 11.26 10.38 10.06 10.02 9.98 11.65 10.75 10.91 10.33 9.88
Net income 433 490 620 592 698 1,419 1,361 752 812 812
Depreciation 47 49 54 51 57 51 57 68 61 57
Per share, $
Per share, $ Revenue 33.64 38.61 46.74 46.47 56.94 97.69 104.73 62.36 75.19 81.50
Earnings 2.38 2.73 3.55 3.39 4.14 8.37 8.33 5.05 5.75 5.97
Cash flow 2.92 2.73 3.29 4.52 3.89 5.13 13.06 7.06 5.13 7.41
Capex (0.33) (0.06) (0.27) (0.28) (0.28) (0.21) (0.53) (0.26) (0.29) (0.39)
Free cash flow 2.59 2.67 3.02 4.24 3.61 4.92 12.53 6.80 4.84 7.02
Book value 10.19 11.13 11.42 12.86 15.82 20.68 19.10 16.03 15.79 17.36
Shares, m 181 179 174 171 168 169 163 149 141 136
Valuation, ×
Valuation, × P/E 22.41 23.89 19.18 22.68 22.97 16.03 12.63 25.26 19.30 24.92
P/S 1.58 1.68 1.46 1.68 1.67 1.37 1.00 2.04 1.47 1.83
P/B 5.21 5.84 5.97 6.07 6.01 6.49 5.50 7.93 7.02 8.58
EV/Sales 1.42 1.53 1.34 1.52 1.51 1.27 0.88 1.88 1.37 1.71
EV/FCF 18.39 22.17 20.81 16.70 23.84 25.22 7.38 17.20 21.19 19.85
Cash, $m
Cash, $m Operating cash flow 529 489 573 772 655 868 2,130 1,053 723 1,007
Capex (59) (11) (47) (47) (48) (36) (87) (39) (40) (53)
Free cash flow 470 478 525 725 607 832 2,043 1,014 683 953
Balance, $m
Balance, $m Working capital 1,289 1,448 1,408 1,602 2,071 2,909 2,464 1,731 1,593 1,683
Total debt — — — 391 438 468 519 — — —
Net debt (974) (1,051) (924) (1,230) (1,528) (1,729) (2,034) (1,513) (1,148) (1,314)
Shareholders’ equity 1,847 1,994 1,988 2,197 2,663 3,498 3,114 2,391 2,226 2,358
Returns, %
Returns, % ROA 16.09 16.57 19.22 16.85 16.15 22.58 20.57 14.89 17.46 16.80
ROIC 47.99 46.40 46.79 49.57 51.77 67.45 105.64 66.87 60.40 63.02
ROE 24.33 25.48 31.05 28.22 28.65 45.95 41.06 27.35 35.09 35.36
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 30 Sep 2026

Charts ten years each

Expeditors International of Washington, Inc. vs peers in Integrated Freight & Logistics (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UPS United Parcel Service, Inc. $83.2B 18.1× 15.3× +7.60% (above 0%: growing) −52.98% (below 0%: shrinking) +137.65% (above 0%: growing) 75.16% 4.07% Compare
FDX FedEx Corporation $70.0B 15.8× 15.5× +12.54% (above 0%: growing) −4.07% (below 0%: shrinking) +62.20% (above 0%: growing) 69.62% 6.20% Compare
EXPD Expeditors International of Washington, Inc. $25.8B 28.4× 23.6× +32.07% (above 0%: growing) +50.37% (above 0%: growing) +2.03% (above 0%: growing) 30.99% 9.98%
JBHT J.B. Hunt Transport Services, Inc. $22.1B 32.4× 38.8× +19.37% (above 0%: growing) +45.80% (above 0%: growing) +29.82% (above 0%: growing) 41.31% 7.42% Compare
CHRW C.H. Robinson Worldwide, Inc. $16.1B 26.3× 30.2× +19.28% (above 0%: growing) +24.41% (above 0%: growing) −91.47% (below 0%: shrinking) 14.96% 5.18% Compare
ZTO ZTO Express (Cayman) Inc. $11.0B 10.6× 11.3× +29.83% (above 0%: growing) +73.53% (above 0%: growing) +121.35% (above 0%: growing) 25.66% 22.19% Compare
LSTR Landstar System, Inc. $5.9B 44.5× 38.6× +18.09% (above 0%: growing) +20.00% (above 0%: growing) −950.32% (below 0%: shrinking) 21.71% 4.62% Compare
GXO GXO Logistics, Inc. $5.3B 41.0× 26.3× +4.30% (above 0%: growing) −4.35% (below 0%: shrinking) +127.91% (above 0%: growing) 14.76% 2.24% Compare
PBI Pitney Bowes Inc. $2.4B 13.6× 11.1× −2.25% (below 0%: shrinking) +117.65% (above 0%: growing) +37.11% (above 0%: growing) 53.66% 23.66% Compare
Median of peers $13.5B 22.2× 20.9× +15.32% +22.21% +49.66% 33.49% 5.69%

All 31 Integrated Freight & Logistics stocks →

EXPD metrics, ten years each

Expeditors International of Washington, Inc. (EXPD) key facts

  • Strength: Expeditors International of Washington, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.1 billion, up 4.42% from fiscal 2024.
  • Expeditors International of Washington, Inc. (EXPD) is an Integrated Freight & Logistics company in the Industrials sector, listed on the New York Stock Exchange.
  • Net income was $812.0 million, or $5.97 per share (basic), a net margin of 7.32%.
  • As of October 16, 2026, EXPD traded at $195.91, a market capitalization of $25.8 billion.
  • At that price the stock trades at 28.4× trailing-twelve-month earnings and 2.1× sales; its P/E is higher than 100% of its own readings over the past ten years.
  • Expeditors International of Washington, Inc. pays an annual dividend of $1.58 per share, a yield of 0.81%, with a payout ratio of 23.0%.
  • Return on equity was 35.4% and debt-to-equity 0.00.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 8.90 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 30, 2026.

Expeditors International of Washington, Inc. (EXPD) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/EXPD · Data as of Sep 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com