EXPD Q1 2023 Earnings — Expeditors International of Washington, Inc. Revenue & Financial Results | Market Cap Arena

EXPDExpeditors International of Washington, Inc.

$19B

Q1 2023 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$2.6B-44.4% YoY

Gross Profit

$351M13.5% margin

Operating Income

$276M10.6% margin

Net Income

$226M8.7% margin

EPS (Diluted)

$1.45

QoQ Revenue Growth

-24.7%

Cash Flow

Operating Cash Flow

$546M

Free Cash Flow

$536M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$2.2B

Stockholders' Equity

$3.1B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.6B	$4.7B	-44.4%
Gross Profit	$351M	$545M	-35.7%
Operating Income	$276M	$462M	-40.2%
Net Income	$226M	$346M	-34.7%

Revenue Segments

Customs Brokerage And Other Services

$990M38%

Airfreight Services

$905M35%

Ocean Freight And Ocean Services

$697M27%

Geographic Segments

United States Segment

$945M36%

Europe Segment

$677M26%

North Asia Segment

$582M22%

South Asia Segment

$224M9%

Other North America Segment Member

$110M4%

Latin America Segment

$55M2%