Q2 2025 Quarterly Earnings Release

Expeditors International

Not a standard earnings call · Earnings release only

Expeditors International publishes quarterly earnings releases as SEC 8-K filings instead of holding traditional earnings calls with analyst Q&A. Tellvest's coverage comes from these EX-99.1 exhibits containing CEO and CFO commentary.

EX99.1

expd-ex99_1.htm

EX99.1

Exhibit 99.1

EARNINGS RELEASE

Expeditors International of Washington, Inc.

Sterling Plaza 2, 3rd Floor

3545 Factoria Blvd. SE

Bellevue, Washington 98006

CONTACTS

Daniel R. Wall

Bradley S. Powell

Geoffrey Buscher

President and Chief Executive Officer

Senior Vice President and Chief Financial Officer

DirectorInvestor Relations

(206) 674-3455

(206) 674-3412

(206) 892-4510

FOR IMMEDIATE RELEASE

EXPEDITORS REPORTS SECOND QUARTER 2025 EPS OF $1.34

BELLEVUE, WASHINGTON - August 5, 2025, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced second quarter 2025 financial results including the following comparisons to the same quarter of 2024:

- Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 8% to $1.34

- Net Earnings Attributable to Shareholders increased 5% to $184 million

- Operating Income increased 11% to $248 million

- Revenues increased 9% to $2.7 billion

- Airfreight tonnage increased 7% and ocean container volume increased 7%

- Cash returned to shareholders in the form of dividends and share repurchases was $335 million

"Throughout the Expeditors global network, we are seeing the positive impact of our strategic initiatives to maximize operational excellence," said Daniel R. Wall, President and Chief Executive Officer. "Our focus on growth and execution puts us in a strong position to quickly adapt to this highly unpredictable environment. We are working with each of our regions and districts to increase efficiency and further optimize customer service to drive organic growth and boost profitability.

"We continued to grow all of our businesses during another quarter in which on-and-off tariffs and geopolitical uncertainty prompted many of our customers to re-evaluate their supply chains in anticipation of higher tariffs. Average buy and sell rates, for both air and ocean, remained highly volatile. We once again processed a substantial increase in customs clearances requiring greater skill as they have become more complex, while also growing air tonnage and ocean volumes.

"Our airfreight business increased on growth in tonnage and higher rates in most regions, as capacity remained tight despite new government limits on de minimis shipments, and particularly as customers sought to ship technology and other high-value inventory ahead of trade deadlines. Our ocean business also grew largely on increased volumes, particularly exports out of South Asia, as customers relocated sourcing to that region and moved freight in advance of extended tariff deadlines. Ocean rates softened throughout the quarter, with demand unable to match increased ocean capacity. Our other businesses within the customs brokerage segment, including road freight and warehousing and distribution, also grew on strong volumes and new business, as we worked with a mix of current and new customers to navigate the unpredictable and changing state of global supply chains.

"Looking ahead, we continue to expect the freight environment to remain unpredictable. Our resilience comes from the experience and expertise of our global network. Our customers have become accustomed to this unsettled environment and have come to trust that we can help them navigate uncertainty. This has not come without enormous extra effort and diligence from all our employees over the past months, and we are deeply appreciative."

1Diluted earnings attributable to shareholders per share.

NOTE

See

← Back to Expeditors International