EXPD Q2 2023 Earnings — Expeditors International of Washington, Inc. Revenue & Financial Results | Market Cap Arena

EXPDExpeditors International of Washington, Inc.

$19B

Q2 2023 Earnings

Industrials Integrated Freight & Logistics

Income Statement

Revenue

$2.2B-51.3% YoY

Gross Profit

$318M14.2% margin

Operating Income

$248M11.1% margin

Net Income

$197M8.8% margin

EPS (Diluted)

$1.30

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

$158M

Free Cash Flow

$148M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$2.0B

Stockholders' Equity

$2.6B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$4.6B	-51.3%
Gross Profit	$318M	$588M	-45.9%
Operating Income	$248M	$506M	-50.9%
Net Income	$197M	$378M	-47.9%

Revenue Segments

Customs Brokerage And Other Services

$895M40%

Airfreight Services

$751M34%

Ocean Freight And Ocean Services

$594M27%

Geographic Segments

United States Segment

$806M36%

Europe Segment

$565M25%

North Asia Segment

$510M23%

South Asia Segment

$200M9%

Other North America Segment Member

$110M5%

Latin America Segment

$50M2%