EXPDNYSEArrangement of Transportation of Freight & CargoFiscal year ends December 31
EXPEDITORS INTERNATIONAL OF WASHINGTON INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$196.81+0.90 (+0.46%)
Close on Oct 19, 2026
- Market cap
- $25.86B
- P/E (TTM)
- 28.6
- Dividend yield
- 0.78%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
9.5%−0.3 pts over 5 years
Net margin
7.3%+0.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.4% | -13.4% | +2.9% | +5.3% | |
| Operating income | +1.1% | -16.8% | +2.3% | +3.8% | |
| Net income | +0.0% | -15.8% | +3.1% | +5.9% | |
| EPS, diluted | +4.0% | -10.4% | +7.9% | +9.5% | |
| Free cash flow | +39.6% | -22.4% | +9.4% | +6.2% | |
| Dividend per share | +5.5% | +4.7% | +8.2% | +7.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 24.4% | 28.7% | 35.4% | |
| Return on assets | 16.1% | 16.2% | 16.8% | |
| Current ratio | 2.39 | 2.09 | 1.81 | |
| Interest coverage | – | 4294.2× | – | |
| Capex to revenue | 1.0% | 0.5% | 0.5% | |
| Diluted shares | 183M | 171M | 136M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Expeditors International Of Washington generated $5.78B from operations and spent $6.29B on capital expenditure, dividends and share buybacks. 4% of that went back into the business.
Generated
$5.78B
Used
$6.29B
Capital expenditure$255.95M4%Dividends$1.02B16%Share buybacks$5.01B80%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.3%
×Asset turnover2.29×
×Equity multiplier2.11×
=Return on equity, FY202535.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.3% | 2.29× | 2.11× | 35.4% |
| FY2024 | 7.6% | 2.29× | 2.01× | 35.1% |
| FY2023 | 8.1% | 1.84× | 1.84× | 27.4% |
| FY2022 | 8.0% | 2.59× | 2.00× | 41.1% |
| FY2021 | 8.6% | 2.64× | 2.04× | 46.0% |
| FY2020 | 7.3% | 2.22× | 1.78× | 28.7% |
| FY2019 | 7.4% | 2.27× | 1.68× | 28.2% |
| FY2018 | 7.6% | 2.53× | 1.62× | 31.1% |
| FY2017 | 7.1% | 2.34× | 1.54× | 25.5% |
| FY2016 | 7.1% | 2.28× | 1.51× | 24.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$810.33M
- Cash generatingOperating cash flow above zero$1.01B
- Return on assets improvedROA up on the prior year17.9% → 17.0%
- Earnings backed by cashOperating cash flow above net income$1.01B vs $810.33M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.77 → 1.81
- No dilutionShare count did not rise142M → 136M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose2.34 → 2.33