EXPEDITORS INTERNATIONAL OF WASHINGTON INC.

Cash flow Expeditors International of Washington Inc.

Equities

EXPD

US3021301094

Air Freight & Logistics

Market Closed - Nyse Other stock markets 04:00:03 2026-04-10 pm EDT			5-day change	1st Jan Change
143.06 ^USD	-1.22%		-1.89%	-3.99%

Mar. 30	When AI fear reveals market irrationality
Mar. 26	Expeditors International of Washington, Inc. - Special Call

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Published financial data: EXPEDITORS INTERNATIONAL OF WASHINGTON INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	16.52B	17.07B	9.3B	10.6B	11.07B
Total Revenues	16.52B	17.07B	9.3B	10.6B	11.07B
Cost of Goods Sold, Total	14.31B	14.8B	7.99B	9.19B	9.58B
Gross Profit	2.22B	2.28B	1.31B	1.41B	1.49B
Selling General & Admin Expenses, Total	16.03M	24.29M	27.91M	33.33M	40.1M
Depreciation & Amortization - (IS)	51.31M	57.34M	67.76M	61.09M	56.77M
Other Operating Expenses	240M	304M	278M	274M	338M
Other Operating Expenses, Total	307M	386M	373M	369M	435M
Operating Income	1.91B	1.89B	940M	1.04B	1.05B
Interest Expense, Total	-	-23.28M	-4.8M	-	-
Interest And Investment Income	8.81M	25.55M	70.45M	46.71M	35.72M
Net Interest Expenses	8.81M	2.28M	65.65M	46.71M	35.72M
Other Non Operating Income (Expenses)	6.48M	9.24M	9.44M	6.77M	5.8M
EBT, Excl. Unusual Items	1.92B	1.9B	1.02B	1.09B	1.09B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-65M	-	-	-
EBT, Incl. Unusual Items	1.92B	1.84B	1.02B	1.09B	1.09B
Income Tax Expense	506M	475M	263M	283M	282M
Earnings From Continuing Operations	1.42B	1.36B	752M	812M	812M
Net Income to Company	1.42B	1.36B	752M	812M	812M
Minority Interest	-3.35M	-3.21M	1.1M	-1.56M	-1.72M
Net Income - (IS)	1.42B	1.36B	753M	810M	810M
Net Income to Common Incl Extra Items	1.42B	1.36B	753M	810M	810M
Net Income to Common Excl. Extra Items	1.42B	1.36B	753M	810M	810M
Per Share Items
Net EPS - Basic	8.37	8.33	5.05	5.75	5.97
Basic EPS - Continuing Operations	8.37	8.33	5.05	5.75	5.97
Basic Weighted Average Shares Outstanding	169M	163M	149M	141M	136M
Net EPS - Diluted	8.27	8.26	5.01	5.72	5.95
Diluted EPS - Continuing Operations	8.27	8.26	5.01	5.72	5.95
Diluted Weighted Average Shares Outstanding	171M	164M	150M	142M	136M
Normalized Basic EPS	7.09	7.27	4.26	4.84	5.02
Normalized Diluted EPS	7	7.21	4.23	4.82	5.01
Dividend Per Share	1.16	1.34	1.38	1.46	1.54
Payout Ratio	13.83	15.75	26.83	25.19	25.6
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	1.96B	1.95B	1.01B	1.1B	1.11B
EBITA	1.91B	1.89B	940M	1.04B	1.05B
EBIT	1.91B	1.89B	940M	1.04B	1.05B
EBITDAR	2.15B	2.16B	1.24B	1.34B	1.37B
Total Revenues (As Reported)	16.52B	17.07B	9.3B	10.6B	11.07B
Effective Tax Rate - (Ratio)	26.28	25.89	25.94	25.86	25.78
Current Domestic Taxes	181M	213M	112M	99.07M	99.09M
Current Foreign Taxes	328M	296M	174M	189M	197M
Total Current Taxes	509M	509M	286M	288M	296M
Deferred Domestic Taxes	-3.69M	-33.24M	-22.92M	-5.14M	-10.71M
Deferred Foreign Taxes	-	-	-	-	-3M
Total Deferred Taxes	-3.69M	-33.24M	-22.92M	-5.14M	-13.71M
Normalized Net Income	1.2B	1.18B	635M	683M	682M
Supplemental Operating Expense Items
Selling and Marketing Expenses	16.03M	24.29M	27.91M	33.33M	40.1M
Net Rental Expense, Total	186M	210M	232M	241M	264M
Imputed Operating Lease Interest Expense	-	79.13M	17.06M	-	-
Imputed Operating Lease Depreciation	-	130M	215M	-	-
Stock-Based Comp., COGS (Total)	69.38M	64.4M	58.4M	64.36M	69.23M
Total Stock-Based Compensation	69.38M	64.4M	58.4M	64.36M	69.23M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.73B	2.03B	1.51B	1.15B	1.31B
Total Cash And Short Term Investments	1.73B	2.03B	1.51B	1.15B	1.31B
Accounts Receivable, Total	3.81B	2.11B	1.53B	2B	2.02B
Total Receivables	3.81B	2.11B	1.53B	2B	2.02B
Other Current Assets, Total	1.1B	376M	390M	514M	419M
Total Current Assets	6.64B	4.52B	3.44B	3.66B	3.76B
Gross Property Plant And Equipment	1.49B	1.58B	1.59B	1.62B	1.66B
Accumulated Depreciation	-542M	-568M	-597M	-616M	-651M
Net Property Plant And Equipment	947M	1.01B	996M	1B	1.01B
Goodwill	7.93M	7.93M	7.93M	7.93M	7.93M
Deferred Tax Assets Long-Term	729K	37.45M	63.69M	70.67M	102M
Other Long-Term Assets, Total	19.2M	17.62M	21.49M	15.03M	16.13M
Total Assets	7.61B	5.59B	4.52B	4.75B	4.89B
Liabilities
Accounts Payable, Total	2.01B	1.11B	861M	1.04B	1.12B
Accrued Expenses, Total	404M	479M	447M	452M	448M
Current Portion of Leases	82.02M	95.62M	99.75M	107M	111M
Current Income Taxes Payable	86.17M	47.08M	15.56M	29.14M	32.05M
Unearned Revenue Current, Total	1.14B	323M	281M	442M	358M
Total Current Liabilities	3.73B	2.05B	1.7B	2.07B	2.07B
Long-Term Leases	386M	423M	428M	462M	460M
Deferred Tax Liability Non Current	-	-	-	-	3.04M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	4.11B	2.48B	2.13B	2.53B	2.54B
Common Stock, Total	1.67M	1.54M	1.44M	1.38M	1.34M
Additional Paid In Capital	3.16M	139K	-	-	-
Retained Earnings	3.62B	3.31B	2.58B	2.46B	2.54B
Comprehensive Income and Other	-130M	-203M	-192M	-234M	-184M
Total Common Equity	3.49B	3.11B	2.39B	2.22B	2.36B
Minority Interest	3.56M	3.51M	1.06M	2.77M	2.46M
Total Equity	3.5B	3.11B	2.39B	2.23B	2.36B
Total Liabilities And Equity	7.61B	5.59B	4.52B	4.75B	4.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	167M	154M	144M	138M	134M
ECS Total Common Shares Outstanding	167M	154M	144M	138M	134M
Book Value / Share	20.9	20.15	16.62	16.11	17.59
Tangible Book Value	3.49B	3.1B	2.38B	2.22B	2.35B
Tangible Book Value Per Share	20.85	20.1	16.56	16.05	17.54
Total Debt	468M	518M	528M	569M	571M
Net Debt	-1.26B	-1.52B	-985M	-579M	-744M
Debt Equivalent Oper. Leases	1.49B	1.68B	1.86B	1.93B	2.11B
Minority Interest, Total (Incl. Fin. Div)	3.56M	3.51M	1.06M	2.77M	2.46M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	147M	140M	143M	140M	147M
Buildings, Total	495M	506M	519M	517M	537M
Machinery, Total	383M	420M	412M	405M	422M
Full Time Employees	19.07K	19.9K	18.1K	18.4K	19.8K
Accumulated Allowance for Doubtful Accounts (Supple)	6.69M	9.47M	6.55M	6.88M	7.24M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.42B	1.36B	753M	810M	810M
Depreciation & Amortization - CF	51.31M	57.34M	67.76M	61.09M	56.77M
Depreciation & Amortization, Total	51.31M	57.34M	67.76M	61.09M	56.77M
Stock-Based Compensation (CF)	69.38M	64.4M	58.4M	64.36M	69.23M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	7.54M	11.05M	3.94M	3.45M	3.6M
Other Operating Activities, Total	3.45M	-28.78M	-15.56M	-6.94M	3.16M
Change In Accounts Receivable	-1.87B	1.59B	574M	-532M	41.8M
Change In Accounts Payable	1.04B	-798M	-300M	259M	20.59M
Change in Unearned Revenues	804M	-798M	-40.08M	180M	-100M
Change In Income Taxes	57.87M	-55.13M	-77.3M	26.39M	27.1M
Change in Other Net Operating Assets	-712M	728M	29.76M	-142M	74.09M
Cash from Operations	868M	2.13B	1.05B	723M	1.01B
Capital Expenditure	-36.25M	-86.82M	-39.31M	-40.47M	-53.1M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-398K	-890K	-119K	-57K	8.4M
Cash from Investing	-36.64M	-87.71M	-39.43M	-40.52M	-44.7M
Long-Term Debt Issued, Total	7.51M	81.76M	32.2M	15M	5.59M
Total Debt Issued	7.51M	81.76M	32.2M	15M	5.59M
Long-Term Debt Repaid, Total	-	-30.29M	-38.14M	-35.06M	-9.3M
Total Debt Repaid	-	-30.29M	-38.14M	-35.06M	-9.3M
Issuance of Common Stock	106M	80.98M	84.89M	69.26M	88.18M
Repurchase of Common Stock	-530M	-1.6B	-1.41B	-870M	-678M
Common Dividends Paid	-196M	-214M	-202M	-204M	-207M
Common & Preferred Stock Dividends Paid	-196M	-214M	-202M	-204M	-207M
Other Financing Activities, Total	-1.63M	-1.94M	-1.09M	-	-1.84M
Cash from Financing	-614M	-1.68B	-1.54B	-1.03B	-802M
Foreign Exchange Rate Adjustments	-17.4M	-51.98M	1.56M	-22.1M	6.64M
Net Change in Cash	201M	305M	-521M	-365M	166M
Supplemental Items
Cash Income Tax Paid (Refund)	443M	567M	356M	257M	265M
Levered Free Cash Flow	632M	1.94B	879M	502M	803M
Unlevered Free Cash Flow	632M	1.95B	882M	502M	803M
Change In Net Working Capital	645M	-737M	-208M	234M	-72.3M
Net Debt Issued / Repaid	7.51M	51.47M	-5.94M	-20.06M	-3.71M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	19.04	17.89	11.62	14.03	13.64
Return on Total Capital	33.77	31.08	17.93	22.78	22.99
Return On Equity %	46.06	41.16	27.31	35.16	35.43
Return on Common Equity	46	41.11	27.38	35.12	35.4
Margin Analysis
Gross Profit Margin %	13.42	13.33	14.12	13.3	13.43
SG&A Margin	0.1	0.14	0.3	0.31	0.36
EBITDA Margin %	11.87	11.4	10.84	10.4	10.02
EBITA Margin %	11.56	11.07	10.11	9.82	9.51
EBIT Margin %	11.56	11.07	10.11	9.82	9.51
Income From Continuing Operations Margin %	8.59	7.97	8.08	7.66	7.34
Net Income Margin %	8.57	7.95	8.1	7.64	7.32
Net Avail. For Common Margin %	8.57	7.95	8.1	7.64	7.32
Normalized Net Income Margin	7.26	6.94	6.83	6.44	6.16
Levered Free Cash Flow Margin	3.83	11.35	9.45	4.73	7.25
Unlevered Free Cash Flow Margin	3.83	11.44	9.48	4.73	7.25
Asset Turnover
Asset Turnover	2.64	2.59	1.84	2.29	2.29
Fixed Assets Turnover	17.52	17.45	9.28	10.62	11
Receivables Turnover (Average Receivables)	5.69	5.77	5.11	6.01	5.51
Short Term Liquidity
Current Ratio	1.78	2.2	2.02	1.77	1.81
Quick Ratio	1.49	2.02	1.79	1.52	1.61
Operating Cash Flow to Current Liabilities	0.23	1.04	0.62	0.35	0.49
Days Sales Outstanding (Average Receivables)	64.15	63.27	71.43	60.95	66.27
Average Days Payable Outstanding	40.17	38.5	45.01	37.79	41.14
Long Term Solvency
Total Debt/Equity	13.37	16.65	22.07	25.56	24.2
Total Debt / Total Capital	11.79	14.27	18.08	20.36	19.48
LT Debt/Equity	11.02	13.58	17.9	20.77	19.49
Long-Term Debt / Total Capital	9.72	11.64	14.66	16.54	15.7
Total Liabilities / Total Assets	54.03	44.31	47.14	53.19	51.81
EBIT / Interest Expense	-	81.17	195.82	-	-
EBITDA / Interest Expense	-	92.63	258.34	-	-
(EBITDA - Capex) / Interest Expense	-	88.9	250.15	-	-
Total Debt / EBITDA	0.22	0.24	0.43	0.42	0.42
Net Debt / EBITDA	-0.59	-0.7	-0.79	-0.43	-0.54
Total Debt / (EBITDA - Capex)	0.22	0.25	0.44	0.44	0.43
Net Debt / (EBITDA - Capex)	-0.6	-0.73	-0.82	-0.44	-0.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	72.4	3.32	-45.52	13.98	4.42
Gross Profit, 1 Yr. Growth %	81.74	2.65	-42.29	7.38	5.46
EBITDA, 1 Yr. Growth %	96.58	-0.71	-48.24	9.4	0.63
EBITA, 1 Yr. Growth %	103.03	-1.05	-50.25	10.79	1.08
EBIT, 1 Yr. Growth %	103.03	-1.05	-50.25	10.79	1.08
Earnings From Cont. Operations, 1 Yr. Growth %	103.21	-4.1	-44.75	7.96	0.05
Net Income, 1 Yr. Growth %	103.33	-4.1	-44.53	7.6	0.03
Normalized Net Income, 1 Yr. Growth %	101.34	-1.22	-46.36	7.43	-0.09
Diluted EPS Before Extra, 1 Yr. Growth %	103.19	-0.12	-39.35	14.17	4.02
Accounts Receivable, 1 Yr. Growth %	90.7	-44.69	-27.28	30.36	1.2
Net Property, Plant and Equip., 1 Yr. Growth %	0.84	6.59	-1.38	0.56	1.12
Total Assets, 1 Yr. Growth %	54.44	-26.54	-19.08	5.1	2.93
Tangible Book Value, 1 Yr. Growth %	31.48	-11.03	-23.2	-7.02	5.99
Common Equity, 1 Yr. Growth %	31.39	-11	-23.14	-7	5.97
Cash From Operations, 1 Yr. Growth %	32.6	145.21	-50.55	-31.32	39.14
Capital Expenditures, 1 Yr. Growth %	-23.76	139.53	-54.72	2.93	31.22
Levered Free Cash Flow, 1 Yr. Growth %	31.9	206.54	-54.63	-43.12	60.05
Unlevered Free Cash Flow, 1 Yr. Growth %	31.9	208.72	-54.82	-43.12	60.05
Dividend Per Share, 1 Yr. Growth %	11.54	15.52	2.98	5.8	5.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	44.24	33.46	-24.98	-21.2	9.1
Gross Profit, 2 Yr. CAGR %	45.44	36.59	-23.03	-21.28	6.41
EBITDA, 2 Yr. CAGR %	54.85	39.71	-28.31	-24.75	4.92
EBITA, 2 Yr. CAGR %	57.81	41.74	-29.84	-25.76	5.82
EBIT, 2 Yr. CAGR %	57.81	41.74	-29.84	-25.76	5.82
Earnings From Cont. Operations, 2 Yr. CAGR %	54.81	39.6	-27.21	-22.77	3.93
Net Income, 2 Yr. CAGR %	54.84	39.64	-27.07	-22.75	3.75
Normalized Net Income, 2 Yr. CAGR %	55.55	41.02	-27.21	-24.09	3.6
Diluted EPS Before Extra, 2 Yr. CAGR %	56.19	42.46	-22.17	-16.78	8.98
Accounts Receivable, 2 Yr. CAGR %	70.22	2.71	-36.58	-2.64	14.86
Net Property, Plant and Equip., 2 Yr. CAGR %	3.19	3.67	2.53	-0.42	0.84
Total Assets, 2 Yr. CAGR %	43.57	6.51	-22.9	-7.78	4.01
Tangible Book Value, 2 Yr. CAGR %	26.26	8.16	-17.34	-15.5	-0.73
Common Equity, 2 Yr. CAGR %	26.17	8.14	-17.29	-15.45	-0.73
Cash From Operations, 2 Yr. CAGR %	6.09	80.32	10.12	-41.72	-2.24
Capital Expenditures, 2 Yr. CAGR %	-12.2	35.14	4.14	-31.73	16.22
Levered Free Cash Flow, 2 Yr. CAGR %	3.32	101.07	17.93	-49.31	-4.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.32	101.79	18.1	-49.31	-4.59
Dividend Per Share, 2 Yr. CAGR %	7.7	13.51	9.07	4.38	5.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	26.63	29.05	-1	-13.75	-13.45
Gross Profit, 3 Yr. CAGR %	27.31	29.49	2.49	-14	-13.22
EBITDA, 3 Yr. CAGR %	32.1	33.53	0.34	-17.46	-17.09
EBITA, 3 Yr. CAGR %	33.83	35.07	-0.02	-18.3	-17.72
EBIT, 3 Yr. CAGR %	33.83	35.07	-0.02	-18.3	-17.72
Earnings From Cont. Operations, 3 Yr. CAGR %	31.79	31.97	2.49	-16.99	-15.81
Net Income, 3 Yr. CAGR %	31.8	31.98	2.65	-16.98	-15.8
Normalized Net Income, 3 Yr. CAGR %	33	33.7	2.17	-17.13	-16.81
Diluted EPS Before Extra, 3 Yr. CAGR %	33.45	34.56	7.17	-11.56	-10.36
Accounts Receivable, 3 Yr. CAGR %	34.06	17.03	-8.46	-19.36	-1.38
Net Property, Plant and Equip., 3 Yr. CAGR %	23.39	4.31	1.96	1.87	0.09
Total Assets, 3 Yr. CAGR %	31.92	14.83	-2.81	-14.51	-4.34
Tangible Book Value, 3 Yr. CAGR %	20.78	12.36	-3.51	-14.03	-8.87
Common Equity, 3 Yr. CAGR %	20.71	12.32	-3.5	-14	-8.84
Cash From Operations, 3 Yr. CAGR %	14.88	40.27	17.16	-5.91	-22.11
Capital Expenditures, 3 Yr. CAGR %	-8.6	22.68	-6.14	3.74	-15.12
Levered Free Cash Flow, 3 Yr. CAGR %	10.12	48.44	22.41	-7.41	-25.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.12	48.82	22.53	-7.43	-25.63
Dividend Per Share, 3 Yr. CAGR %	8.83	10.25	9.89	7.97	4.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.06	19.79	2.7	5.94	2.92
Gross Profit, 5 Yr. CAGR %	19.82	19.54	4.1	6.12	4.04
EBITDA, 5 Yr. CAGR %	22.29	21.16	3.45	6.16	2.15
EBITA, 5 Yr. CAGR %	23.29	22.1	3.37	6.31	2.28
EBIT, 5 Yr. CAGR %	23.29	22.1	3.37	6.31	2.28
Earnings From Cont. Operations, 5 Yr. CAGR %	26.82	22.64	3.94	6.51	3.07
Net Income, 5 Yr. CAGR %	26.86	22.64	4.02	6.53	3.08
Normalized Net Income, 5 Yr. CAGR %	22.91	21.6	4.5	6.61	2.74
Diluted EPS Before Extra, 5 Yr. CAGR %	28.5	25.15	7.56	11.03	7.89
Accounts Receivable, 5 Yr. CAGR %	26.2	8.3	-0.63	8.72	0.24
Net Property, Plant and Equip., 5 Yr. CAGR %	12.03	13.96	14.58	2.39	1.51
Total Assets, 5 Yr. CAGR %	22.22	12.39	6.42	5.19	-0.14
Tangible Book Value, 5 Yr. CAGR %	13.68	9.35	3.78	0.25	-2.41
Common Equity, 5 Yr. CAGR %	13.63	9.32	3.77	0.25	-2.4
Cash From Operations, 5 Yr. CAGR %	10.4	34.23	12.95	-1.29	8.97
Capital Expenditures, 5 Yr. CAGR %	-9.38	-1.79	-3.7	-2.96	2.24
Levered Free Cash Flow, 5 Yr. CAGR %	7.3	40.23	13.17	-3.27	10.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.3	40.44	13.25	-3.27	10.87
Dividend Per Share, 5 Yr. CAGR %	7.71	9.79	8.92	7.86	8.17