EXPD
Expeditors International of Washington, Inc.
EXPD's fundamentals are strong: revenue grew 19% and earnings per share grew 29%. At 25x earnings, it's trading above its usual 22x. Analysts expect that strong growth to continue, though they disagree widely on how much.
EXPD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
EXPD's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
EXPD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $110 | -44% |
| Fair | 22x | $171 | -13% |
| Forward | 22x | $196 | — |
| Current | 25x | $196 | — |
| Expensive | 26x | $202 | +3.2% |
Historical ranges are pointers, not guarantees.
EXPD's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its fair range.
EXPD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for EXPD, with profitability improving. However, they disagree widely on these estimates.
EXPD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.75 | +11% |
| Q3 2026 | $7.89 | +29% |
| Q2 2026 | $6.88 | +12% |
| Q1 2026 | $6.19 | +2.8% |
| Q4 2025 | $5.95 | +4% |
| Q3 2025 | $6.13 | +19% |
| Q2 2025 | $6.12 | +31% |
| Q1 2025 | $6.02 | +27% |
| Q4 2024 | $5.72 | +14% |
EXPD's earnings per share have climbed steadily: $7.89 over the past year, up 29% from the year before, and higher year over year for eight quarters in a row.
EXPD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +42% |
| Q2 2026 | $3.5B | +32% |
| Q1 2026 | $2.8B | +4.4% |
| Q4 2025 | $2.9B | -3.3% |
| Q3 2025 | $2.9B | -3.5% |
| Q2 2025 | $2.7B | +8.7% |
| Q1 2025 | $2.7B | +21% |
| Q4 2024 | $3B | +30% |
EXPD's revenue is recovering but still below its 2021 peak: $4.1B last quarter, up 42% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.9 points |
| Q2 2026 | 10% | +0.6 points |
| Q1 2026 | 11% | +0.6 points |
| Q4 2025 | 8.8% | -1.4 points |
| Q3 2025 | 10% | -0.1 points |
| Q2 2025 | 9.3% | +0.2 points |
| Q1 2025 | 10% | +0.2 points |
| Q4 2024 | 10% | +1.4 points |
EXPD's operating margin was 11% last quarter, up 0.9 points from the same quarter a year ago.
EXPD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $194.3M | +2.1% |
| Q2 2026 | $166.6M | +2% |
| Q1 2026 | $296.6M | -10% |
| Q4 2025 | $270.3M | +13% |
| Q3 2025 | $190.3M | +145% |
| Q2 2025 | $163.3M | +37% |
| Q1 2025 | $329.5M | +34% |
| Q4 2024 | $239.7M | +62% |
EXPD's free cash flow has been positive every quarter for seven years: $928M over the past year, about the same as the year before.
EXPD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -1.3M shares |
| 1 year | -3.8% | -5.2M shares |
| 3 years | -12% | -17.9M shares |
| 5 years | -24% | -41.4M shares |
| Available history | -25% | -44.1M shares |
EXPD has 130M diluted shares, down 3.8% from a year ago, with $886M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $197.3M |
| Q2 2026 | $354.9M |
| Q1 2026 | $287.6M |
| Q4 2025 | $46.5M |
| Q3 2025 | $212.3M |
| Q2 2025 | $231.1M |
| Q1 2025 | $177.4M |
| Q4 2024 | $252.2M |
EXPD spent $886M buying back its own shares over the past year, up 1.5% from the year before.
EXPD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
EXPD has more cash than debt.
EXPD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.6 | Neutral |
| Stochastic | 66.5 | Neutral |
EXPD's weekly RSI is 62 (neutral) and its Stochastic is 66 (neutral).
EXPD PE vs Industrials Sector
| Metric | EXPD | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 3.2% above |
| PE % | 74 | 58 | 16 pts above |
EXPD is trading at 25x earnings, in line with the Industrials sector's median of 24x.
EXPD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.1 | 1.4% above |
| 20 week MA | $186.3 | 5% above |
| 50 week MA | $166.5 | 18% above |
| 100 week MA | $142.0 | 38% above |
| 200 week MA | $130.2 | 50% above |
EXPD is in an uptrend: it's above all five of its weekly moving averages, and 50% above its 200-week average.
EXPD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.5 | $94.6 | +22% |
| 2021 | $94.6 | $130.8 | +38% |
| 2022 | $130.8 | $107.3 | -18% |
| 2023 | $107.3 | $127.2 | +19% |
| 2024 | $127.2 | $111.4 | -12% |
| 2025 | $111.4 | $152.2 | +37% |
| 2026 YTD | $152.2 | $195.7 | +29% |
EXPD has finished higher in four of the last six years. It's up 29% so far in 2026.