Expeditors International of Washington, Inc. (EXPD) Balance Sheet
EXPD balance sheet, 2025
December 31, 2025 · U.S. dollars$4.89B assets = $2.53B liabilities + $2.36B equity
Both columns are drawn to the same scale: what EXPD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EXPD financial health
Descriptive bands, not a rating. Fiscal 2025.
EXPD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.79B2016 | $4.89B2025 | +6.4%/yr | |
| Total liabilities | $943.7M2016 | $2.53B2025 | +11.6%/yr | |
| Shareholders’ equity | $1.84B2016 | $2.36B2025 | +2.8%/yr | |
| Cash & short-term investments | $974.4M2016 | $1.31B2025 | +3.4%/yr | |
| Total debt | $18.4M2018 | $570.6M2025 | +63.3%/yr | |
| Net cash (debt) | $905.3M2018 | $743.7M2025 | −$161.6M | |
| Working capital | $1.29B2016 | $1.68B2025 | +$394.2M | |
| Book value per share | $10.102016 | $17.292025 | +6.2%/yr | |
| Current ratio | 2.392016 | 1.812025 | −0.57 | |
| Debt / equity | 0.012018 | 0.242025 | +0.23 | |
| Shares outstanding | 182.7M2016 | 136.2M2025 | −3.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EXPD assets
EXPD liabilities and equity
EXPD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EXPD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.31B | $1.15B | $1.51B | $2.03B | $1.73B | $1.53B | $1.23B | $923.7M | $1.05B | $974.4M |
| Cash & equivalents | $1.31B | $1.15B | $1.51B | $2.03B | $1.73B | $1.53B | $1.23B | $923.7M | $1.05B | $974.4M |
| Short-term investments | — | −$524.8M | — | — | — | — | — | — | $0 | $35,000 |
| Receivables | $2.02B | $2.00B | $1.53B | $2.11B | $3.81B | $2.00B | $1.32B | $1.58B | $1.41B | $1.19B |
| Inventory | $0 | $0 | $0 | $257.5M | $987.3M | $327.4M | $131.8M | $1 | $1 | $0 |
| Other current assets | $419.4M | $513.6M | $389.7M | $118.7M | $108.8M | $110.2M | $92.6M | $229.6M | $75.6M | $54.0M |
| Total current assets | $3.76B | $3.66B | $3.44B | $4.52B | $6.64B | $3.96B | $2.77B | $2.73B | $2.54B | $2.22B |
| Property, plant & equipment (net) | $1.01B | $1.00B | $995.5M | $1.01B | $947.0M | $939.1M | $889.4M | $504.1M | $525.2M | $536.6M |
| Goodwill & intangible assets | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $15.9M | $15.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $117.8M | $85.7M | $85.2M | $55.1M | $19.9M | $16.9M | $24.7M | $67.7M | $34.5M | $19.9M |
| Total assets | $4.89B | $4.75B | $4.52B | $5.59B | $7.61B | $4.93B | $3.69B | $3.31B | $3.12B | $2.79B |
| Liabilities | ||||||||||
| Accounts payable | $1.12B | $1.04B | $860.9M | $1.11B | $2.01B | $1.14B | $735.7M | $902.3M | $866.3M | $726.6M |
| Short-term debt | $110.9M | $106.7M | $99.7M | $95.6M | $82.0M | $74.0M | $65.4M | $18.4M | — | — |
| Deferred revenue | $358.4M | $441.9M | $280.9M | $323.1M | $1.14B | $379.7M | $154.2M | $190.3M | — | — |
| Total current liabilities | $2.07B | $2.07B | $1.70B | $2.05B | $3.73B | $1.89B | $1.17B | $1.33B | $1.09B | $929.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $570.6M | $568.9M | $527.7M | $518.5M | $467.7M | $438.2M | $391.7M | — | — | — |
| Other long-term liabilities | $459.7M | $462.2M | $428.0M | $422.8M | $385.6M | $371.2M | $326.3M | $31.2M | $29.5M | $13.7M |
| Total liabilities | $2.53B | $2.53B | $2.13B | $2.48B | $4.11B | $2.26B | $1.49B | $1.33B | $1.12B | $943.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.4M | $1.4M | $1.5M | $1.7M | $1.7M | $1.7M | $1.7M | $2.3M | $4.4M |
| Retained earnings (deficit) | $2.54B | $2.46B | $2.58B | $3.31B | $3.62B | $2.60B | $2.32B | $2.09B | $2.06B | $1.94B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$184.2M | −$233.5M | −$192.1M | −$202.6M | −$130.4M | −$99.8M | −$131.2M | −$105.5M | −$74.0M | −$104.6M |
| Minority interest | $2.5M | $2.8M | $1.1M | $3.5M | $3.6M | $3.6M | $2.2M | $882,000 | $2.5M | $2.6M |
| Total shareholders' equity | $2.36B | $2.22B | $2.39B | $3.11B | $3.49B | $2.66B | $2.20B | $1.99B | $1.99B | $1.84B |
| Key figures | ||||||||||
| Total debt | $570.6M | $568.9M | $527.7M | $518.5M | $467.7M | $438.2M | $391.7M | $18.4M | — | — |
| Net cash (debt) | $743.7M | $579.4M | $985.1M | $1.52B | $1.26B | $1.09B | $838.8M | $905.3M | — | — |
| Working capital | $1.68B | $1.59B | $1.73B | $2.46B | $2.91B | $2.07B | $1.60B | $1.41B | $1.45B | $1.29B |
| Tangible book value | $2.35B | $2.22B | $2.38B | $3.10B | $3.49B | $2.65B | $2.19B | $1.98B | $1.98B | $1.83B |
| Book value per share | $17.29 | $15.69 | $15.92 | $18.91 | $20.41 | $15.56 | $12.60 | $11.17 | $10.96 | $10.10 |
| Shares outstanding | 136.2M | 141.7M | 150.2M | 164.4M | 171.2M | 170.9M | 174.2M | 177.8M | 181.7M | 182.7M |
| Current ratio | 1.81 | 1.77 | 2.02 | 2.20 | 1.78 | 2.09 | 2.37 | 2.06 | 2.32 | 2.39 |
| Quick ratio | 1.61 | 1.52 | 1.79 | 2.02 | 1.49 | 1.86 | 2.18 | 1.89 | 2.26 | 2.33 |
| Debt / equity | 0.24 | 0.26 | 0.22 | 0.17 | 0.13 | 0.16 | 0.18 | 0.01 | — | — |
| Equity / assets | 48.1% | 46.8% | 52.8% | 55.6% | 45.9% | 54.0% | 59.5% | 59.9% | 63.9% | 66.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.03B | $1.32B | $1.31B | $1.19B | $1.16B | $1.32B | $1.15B | $1.29B | $1.27B | $1.37B | $1.51B | $1.64B |
| Cash & equivalents | $1.03B | $1.32B | $1.31B | $1.19B | $1.16B | $1.32B | $1.15B | $1.29B | $1.27B | $1.37B | $1.51B | $1.64B |
| Receivables | $2.63B | $2.06B | $2.02B | $2.05B | $2.01B | $1.90B | $2.00B | $2.18B | $1.84B | $1.57B | $1.53B | $1.46B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $223.8M |
| Other current assets | $344.5M | $278.8M | $419.4M | $439.1M | $490.3M | $417.9M | $513.6M | $612.9M | $581.0M | $430.9M | $389.7M | $189.7M |
| Total current assets | $4.01B | $3.65B | $3.76B | $3.67B | $3.65B | $3.64B | $3.66B | $4.08B | $3.70B | $3.37B | $3.44B | $3.51B |
| Property, plant & equipment (net) | $997.7M | $1.00B | $1.01B | $1.00B | $1.04B | $1.02B | $1.00B | $994.4M | $998.6M | $1.02B | $995.5M | $987.9M |
| Goodwill & intangible assets | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M | $7.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $122.3M | $120.0M | $117.8M | $92.6M | $91.9M | $85.6M | $85.7M | $85.5M | $85.1M | $84.9M | $85.2M | $70.4M |
| Total assets | $5.13B | $4.78B | $4.89B | $4.78B | $4.79B | $4.76B | $4.75B | $5.17B | $4.79B | $4.49B | $4.52B | $4.58B |
| Liabilities | ||||||||||||
| Accounts payable | $1.47B | $1.14B | $1.12B | $1.15B | $1.12B | $1.05B | $1.04B | $1.24B | $1.07B | $927.1M | $860.9M | $846.5M |
| Short-term debt | $116.2M | $113.8M | $110.9M | $111.2M | $113.6M | $109.5M | $106.7M | $106.8M | $104.0M | $100.7M | $99.7M | $99.9M |
| Deferred revenue | $348.9M | $256.9M | $358.4M | $334.5M | $385.4M | $359.5M | $441.9M | $532.3M | $474.5M | $344.6M | $280.9M | $283.8M |
| Total current liabilities | $2.56B | $2.04B | $2.07B | $2.05B | $2.12B | $1.99B | $2.07B | $2.38B | $2.16B | $1.83B | $1.70B | $1.67B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $567.3M | $565.0M | $570.6M | $560.4M | $586.5M | $588.4M | $568.9M | $542.8M | $553.0M | $564.9M | $527.7M | $519.5M |
| Other long-term liabilities | $454.4M | $453.7M | $459.7M | $449.2M | $472.9M | $478.9M | $462.2M | $436.0M | $449.0M | $464.3M | $428.0M | $419.6M |
| Total liabilities | $3.01B | $2.50B | $2.53B | $2.50B | $2.59B | $2.47B | $2.53B | $2.81B | $2.61B | $2.29B | $2.13B | $2.09B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.5M |
| Retained earnings (deficit) | $2.31B | $2.48B | $2.54B | $2.47B | $2.38B | $2.50B | $2.46B | $2.54B | $2.39B | $2.40B | $2.58B | $2.70B |
| Accumulated other comprehensive income | −$192.3M | −$196.0M | −$184.2M | −$189.1M | −$186.3M | −$219.8M | −$233.5M | −$190.0M | −$218.5M | −$207.5M | −$192.1M | −$213.1M |
| Minority interest | $2.4M | $2.3M | $2.5M | $2.2M | $1.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.12B | $2.28B | $2.36B | $2.28B | $2.20B | $2.29B | $2.22B | $2.36B | $2.18B | $2.20B | $2.39B | $2.49B |
| Key figures | ||||||||||||
| Total debt | $567.3M | $565.0M | $570.6M | $560.4M | $586.5M | $588.4M | $568.9M | $542.8M | $553.0M | $564.9M | $527.7M | $519.5M |
| Net cash (debt) | $464.2M | $751.5M | $743.7M | $629.8M | $569.6M | $730.2M | $579.4M | $750.3M | $718.8M | $805.5M | $985.1M | $1.12B |
| Working capital | $1.45B | $1.61B | $1.68B | $1.63B | $1.54B | $1.65B | $1.59B | $1.71B | $1.54B | $1.55B | $1.73B | $1.84B |
| Tangible book value | $2.11B | $2.28B | $2.35B | $2.27B | $2.19B | $2.28B | $2.22B | $2.35B | $2.17B | $2.19B | $2.38B | $2.48B |
| Book value per share | $15.96 | $17.04 | $17.50 | $16.67 | $15.96 | $16.51 | $15.88 | $16.71 | $15.36 | $15.23 | $16.38 | $16.82 |
| Shares outstanding | 132.7M | 134.1M | 134.6M | 136.8M | 137.5M | 138.4M | 140.0M | 141.0M | 141.7M | 144.1M | 145.9M | 148.0M |
| Current ratio | 1.57 | 1.79 | 1.81 | 1.79 | 1.73 | 1.83 | 1.77 | 1.72 | 1.71 | 1.85 | 2.02 | 2.11 |
| Quick ratio | 1.43 | 1.65 | 1.61 | 1.58 | 1.49 | 1.62 | 1.52 | 1.46 | 1.44 | 1.61 | 1.79 | 1.86 |
| Debt / equity | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.26 | 0.26 | 0.23 | 0.25 | 0.26 | 0.22 | 0.21 |
| Equity / assets | 41.3% | 47.8% | 48.1% | 47.7% | 45.9% | 48.1% | 46.8% | 45.6% | 45.5% | 48.9% | 52.8% | 54.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
EXPD financial position
At the end of fiscal 2025 (December 31, 2025), Expeditors had total assets of $4.9 billion (up 2.9% from a year earlier), total liabilities of $2.5 billion and shareholders' equity of $2.4 billion. It held $1.3 billion in cash and short-term investments against $570.6 million of debt, a net cash position of $743.7 million. Its current ratio was 1.81. In the latest quarter (ended June 30, 2026) total assets were $5.1 billion and equity $2.1 billion.
Related: EXPD income statement, EXPD cash flow statement, EXPD key metrics. See the EXPD stock overview for the latest quote and news.
EXPD balance sheet FAQ
What are Expeditors's total assets?
Expeditors reported total assets of $4.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.8 billion a year earlier.
How much debt does Expeditors have?
Expeditors had $570.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.24.
How much cash does Expeditors have?
Expeditors held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $570.6 million of debt that is net cash of $743.7 million.
What is Expeditors's book value?
Expeditors's shareholders' equity (book value) was $2.4 billion at the end of fiscal 2025, or $17.29 per share.
What is Expeditors's current ratio?
Expeditors had current assets of $3.8 billion and current liabilities of $2.1 billion, a current ratio of 1.81 (it can cover its short-term obligations).
How much goodwill does Expeditors have?
Expeditors carried $7.9 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.