Expeditors International of Washington, Inc. (EXPD)

In Q3 2025, Expeditors reported a 1% increase in diluted EPS to $1.64, while net earnings decreased by 3% to $222 million, operating income decreased by 4% to $288 million, and revenues decreased by 4% to $2.9 billion; the company repurchased $212 million in common stock. In Q4 2025, Expeditors met revenue expectations, with sales falling by 3.3% year-on-year to $2.86 billion and GAAP profit at $1.49 per share, exceeding analyst estimates by 1.9%; a new $3 billion share repurchase program was announced in February 2026. In November 2023, Expeditors transferred its stock listing from NASDAQ to the NYSE, retaining the ticker symbol "EXPD".

Expeditors' operating results are subject to seasonal demand trends, with the first quarter typically being the weakest and the third and fourth quarters generally the strongest. This seasonality can lead to pricing volatility as carriers react to fluctuations in demand and capacity. The end of the year usually brings increased purchasing and consumption, leading shippers to increase air shipments. Factors like the surge in e-commerce and global disruptions can impact these traditional seasonal patterns. The Industrials sector generally experiences seasonal strength from late October to early May.

Expeditors International of Washington, Inc. is a Fortune 500, service-based global logistics company headquartered in Bellevue, Washington, operating in the Industrials sector within the Integrated Freight & Logistics industry. As a non-asset-based third-party logistics provider, Expeditors purchases cargo space from carriers and resells it to customers. The company offers airfreight services, accounting for approximately 35-36% of total revenues in 2023 and 2025, ocean freight and ocean services, constituting about 25% of total revenues in 2025 and 2023, and customs brokerage and other services, generating approximately 39% of consolidated gross revenue in 2025 and 2023.

Expeditors has an extensive global network with over 340 to 430+ locations in more than 100 countries across six continents. Its net sales are geographically distributed, with Asia accounting for 38.8%, the United States for 32.4%, Europe for 16.5%, the Middle East/Africa/India for 5.7%, North America (excluding the U.S.) for 4.2%, and Latin America for 2.4%. The company maintains regional headquarters in key locations such as London, Sao Paulo, Beirut, and Shanghai.

Expeditors International maintains a strong brand reputation, recognized for its commitment to operational excellence, customer service, and innovation in logistics technology, with an aggregate usefulness score of 4.8 out of 5.0 based on 74 reviews. The company has navigated geopolitical tensions and supply chain shifts, with customs brokerage services showing resilience amidst geopolitical tension, tariff volatility, and rapid technological changes. Expeditors has been investing extensively in AI and automation to enhance productivity and manage increased customs volume, emphasizing that AI complements the judgment of licensed brokers.

Expeditors International has significant institutional ownership, with 892 institutional owners holding 131,695,923 shares as of April 10, 2026. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp., and First Eagle Investment Management, LLC. Institutional ownership accounts for approximately 85.03% of the company, with individuals holding about 0.59%.