Expeditors International of Washington, Inc. (EXPD) Income Statement
EXPD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEXPD revenue and net income
Where EXPD's revenue goes
2025Each bar shows an amount and its share of revenue. EXPD kept 7.4% of revenue as net income.
EXPD profit margins
EXPD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.4% | −13.4% | +2.9% | +5.3% |
| Gross profit | +25.6% | −7.9% | +7.8% | +6.6% |
| Operating income | +1.1% | −16.8% | +2.3% | +3.8% |
| Net income | +0.5% | −15.7% | +3.2% | +5.9% |
| EPS (diluted) | +3.8% | −10.4% | +7.8% | +9.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EXPD quarterly EPS vs estimates
Expeditors beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $2.24).
EXPD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.07B | $10.60B | $9.30B | $17.07B | $16.52B | $9.58B | $7.94B | $8.14B | $6.92B | $6.10B |
| Cost of revenue | $9.37B | $9.25B | $8.05B | $14.90B | $14.36B | $8.42B | $6.95B | $7.12B | $6.04B | $5.25B |
| Gross profit | $1.69B | $1.35B | $1.25B | $2.17B | $2.17B | $1.16B | $997.0M | $1.02B | $883.0M | $850.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $80.2M | $66.7M | $510.0M | $48.6M | $32.1M | $1.93B | $1.82B | $90.7M | $88.6M | $83.5M |
| Total operating expenses | $641.7M | $307.7M | $305.5M | $346.8M | $256.1M | $222.3M | $230.3M | $223.7M | $182.8M | $180.6M |
| Operating income | $1.05B | $1.04B | $939.9M | $1.82B | $1.91B | $940.4M | $766.7M | $796.6M | $700.3M | $670.2M |
| Interest income | $35.7M | $46.7M | $66.8M | $25.6M | $8.8M | $10.4M | $22.8M | $19.2M | $13.2M | $11.6M |
| Interest expense | — | — | $4.8M | $23.3M | $411,000 | $219,000 | $27.5M | $19.2M | $13.2M | $11.6M |
| Income before taxes | $1.09B | $1.09B | $1.02B | $1.84B | $1.92B | $956.6M | $795.8M | $818.3M | $718.6M | $686.9M |
| Income taxes | $282.0M | $283.2M | $263.2M | $475.3M | $505.8M | $258.4M | $203.8M | $198.5M | $228.2M | $254.3M |
| Net income | $813.8M | $810.1M | $752.9M | $1.36B | $1.42B | $696.1M | $590.4M | $618.2M | $489.3M | $430.8M |
| EBITDA | $1.15B | $1.16B | $1.09B | $1.92B | $1.98B | $1.01B | $817.6M | $850.6M | $749.6M | $717.0M |
| EPS (diluted) | $5.94 | $5.72 | $5.02 | $8.26 | $8.26 | $4.08 | $3.39 | $3.49 | $2.48 | $2.36 |
| Gross margin | 15.3% | 12.7% | 13.4% | 12.7% | 13.1% | 12.1% | 12.6% | 12.5% | 12.8% | 14.0% |
| Operating margin | 9.5% | 9.8% | 10.1% | 10.7% | 11.6% | 9.8% | 9.7% | 9.8% | 10.1% | 11.0% |
| Net margin | 7.4% | 7.6% | 8.1% | 8.0% | 8.6% | 7.3% | 7.4% | 7.6% | 7.1% | 7.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50B | $2.78B | $2.86B | $2.89B | $2.65B | $2.67B | $2.95B | $3.00B | $2.44B | $2.21B | $2.28B | $2.19B |
| Cost of revenue | $2.48B | $1.81B | $2.44B | $2.43B | $2.24B | $2.31B | $2.57B | $2.62B | $2.14B | $1.92B | $2.00B | $1.89B |
| Gross profit | $1.03B | $971.8M | $413.3M | $464.7M | $413.3M | $352.9M | $387.6M | $379.1M | $298.6M | $283.8M | $275.0M | $301.4M |
| Sales, general & admin | $676.5M | $677.0M | $23.9M | $19.3M | $19.9M | $17.1M | $21.9M | $131.0M | $126.3M | $123.5M | $124.7M | $12.3M |
| Total operating expenses | $676.5M | $677.0M | $162.4M | $176.6M | $165.6M | $87.0M | $86.5M | $77.5M | $74.7M | $69.0M | $75.6M | $85.3M |
| Operating income | $349.6M | $294.8M | $250.9M | $288.0M | $247.7M | $265.9M | $301.1M | $301.5M | $223.9M | $214.8M | $199.4M | $216.1M |
| Interest income | $6.8M | $8.6M | $8.9M | $8.5M | $9.2M | $9.2M | $10.0M | $9.9M | $11.9M | $14.9M | $16.7M | $17.2M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $159,000 | $1.6M |
| Income before taxes | $357.4M | $306.5M | $262.0M | $298.2M | $258.0M | $275.9M | $313.3M | $312.4M | $235.9M | $233.2M | $216.4M | $231.9M |
| Income taxes | $91.2M | $76.4M | $61.1M | $75.1M | $74.0M | $71.8M | $77.1M | $82.5M | $60.8M | $62.8M | $57.2M | $61.0M |
| Net income | $266.2M | $229.6M | $201.2M | $222.3M | $183.6M | $203.8M | $235.9M | $229.6M | $175.5M | $169.2M | $158.7M | $171.4M |
| EBITDA | $365.3M | $305.7M | $276.1M | $312.4M | $271.5M | $290.5M | $328.5M | $328.2M | $250.9M | $248.3M | $237.9M | $249.1M |
| EPS (diluted) | $2.03 | $1.71 | $1.49 | $1.64 | $1.34 | $1.47 | $1.68 | $1.63 | $1.24 | $1.17 | $1.09 | $1.16 |
| Gross margin | 29.3% | 34.9% | 14.5% | 16.1% | 15.6% | 13.2% | 13.1% | 12.6% | 12.2% | 12.9% | 12.1% | 13.8% |
| Operating margin | 10.0% | 10.6% | 8.8% | 10.0% | 9.3% | 10.0% | 10.2% | 10.1% | 9.2% | 9.7% | 8.8% | 9.9% |
| Net margin | 7.6% | 8.3% | 7.0% | 7.7% | 6.9% | 7.6% | 8.0% | 7.7% | 7.2% | 7.7% | 7.0% | 7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EXPD's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EXPD financial results
In fiscal year 2025 (ended December 31, 2025), Expeditors reported revenue of $11.1 billion, up 4.4% from the year before. It had net income of $813.8 million (up 0.5%), a net profit margin of 7.4%. Diluted earnings per share came to $5.94. Over five years revenue grew at an average rate of 2.9% a year.
See the EXPD stock overview for the latest quote and news, or the EXPD chart for price history and technical indicators.
EXPD income statement FAQ
What is Expeditors's annual revenue?
Expeditors reported total revenue of $11.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.4% from $10.6 billion the previous year.
Is Expeditors profitable?
Yes. Expeditors reported net income of $813.8 million in fiscal 2025, a net profit margin of 7.4%; its operating margin was 9.5%.
What is Expeditors's gross margin?
Expeditors's gross margin was 15.3% in fiscal 2025: for every $100 of revenue, Expeditors kept $15 after the direct cost of its products and services.
How fast is Expeditors growing?
Revenue grew 2.9% a year on average over the last five fiscal years, from $9.6 billion to $11.1 billion.
What are Expeditors's earnings per share?
Expeditors earned $5.94 per diluted share in fiscal 2025, compared with $5.72 a year earlier.
When will Expeditors report its next earnings?
Expeditors is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Expeditors's fiscal year end?
Expeditors's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.