EXPD FY 2025 Earnings Report — Expeditors International of Washington, Inc. Revenue & Financial Results | Market Cap Arena

Expeditors International of Washington, Inc.EXPD

FY 2025 Earnings

Reported February 25, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$11.1B	—	$10.6B	—	4.4%
Op. Income	$1.1B	—	$1.0B	—	1.1%
Gross Margin	15.3%	—	12.7%	—	2.6pp
Net Margin	7.4%	—	7.6%	—	-0.3pp
EPS (Diluted)	$5.95	—	$5.72	—	4.0%
Free Cash Flow	$953M	—	$683M	—	39.6%

Revenue Flow

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$9.4B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$40M
General & Administrative	$0
SG&A Expenses	$40M
Other Expenses	$602M
Operating Expenses	$642M
Cost & Expenses	$10.0B
OPERATING INCOME	$1.1B
Interest Income	$36M
Interest Expense	$0
Other Income/Expenses	$42M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$282M
Net Income from Continuing Ops	$812M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$814M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$814M
D&A	$57M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$9.4B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$40M
General & Administrative	$0
SG&A Expenses	$40M
Other Expenses	$602M
Operating Expenses	$642M
Cost & Expenses	$10.0B
OPERATING INCOME	$1.1B
Interest Income	$36M
Interest Expense	$0
Other Income/Expenses	$42M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$282M
Net Income from Continuing Ops	$812M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$814M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$814M
D&A	$57M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$812M
Depreciation & Amortization	$57M
Stock-Based Compensation	$69M
Deferred Income Tax	-$14M
Other Non-Cash Items	$19M
Change in Working Capital	$63M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$667M
Common Dividends Paid	-$207M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$802M
FREE CASH FLOW	$953M
Net Change in Cash	$166M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$0
Other Current Assets	$419M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$1.0B
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$102M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$4.9B
Account Payables	$1.1B
Short-Term Debt	$111M
Deferred Revenue	$358M
Other Current Liabilities	$448M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$460M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$460M
TOTAL NON-CURRENT LIABILITIES	$460M
TOTAL LIABILITIES	$2.5B
Common Stock	$1M
Additional Paid-In Capital	$0
Retained Earnings	$2.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$184M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$2M
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$1.0B
Net Debt	-$284M