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Expeditors International
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expd-ex99_1.htm
Exhibit 99.1
EARNINGS RELEASE
Expeditors International of Washington, Inc.
3545 Factoria Blvd. SE
Sterling Plaza 2, 3rd Floor
Bellevue, Washington 98006
Daniel R. Wall
David A. Hackett
Geoffrey Buscher
President and Chief Executive Officer
Senior Vice President and Chief Financial Officer
(206) 674-3455
(206) 288-8794
(206) 892-4510
FOR IMMEDIATE RELEASE
EXPEDITORS REPORTS THIRD QUARTER 2025 EPS OF $1.64
BELLEVUE, WASHINGTON - November 4, 2025, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced third quarter 2025 financial results including the following comparisons to the same quarter of 2024:
- Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 1% to $1.64
- Net Earnings Attributable to Shareholders decreased (3)% to $222 million
- Operating Income decreased (4)% to $288 million
- Revenues decreased (4)% to $2.9 billion
- Airfreight tonnage increased 4% and ocean container volume decreased (3)%
- Cash returned to shareholders in the form of share repurchases was $212 million; $725 million has been returned to shareholders in the form of share repurchases and dividends so far in 2025
Daniel R. Wall, President and Chief Executive Officer, made the following comments:
"Despite the ongoing challenges in our marketplace due to geopolitical dynamics, as well as supply and demand shifts, we believe our culture of intense focus on the needs of our customers and our carrier partners provides an ideal platform to showcase the breadth of our global solutions. We also believe that while the freight environment remains unpredictable, our continued focus on fee-based services will help balance the performance of our overall product portfolio."
Comparing Q3 2025 to Q3 2024
"During the quarter we grew airfreight tonnage on exports, particularly from North and South Asia. We continued to expand our business in our strategic verticals, particularly in our leading areas of technology, pharmaceuticals, and aviation. We also continue to benefit from the significant investments being made by our technology customers in artificial intelligence infrastructure. With our long history of expertise in handling high-value technologies, we believe we are very well positioned to support our customers as they rapidly build out AI infrastructure around the globe.
"Previously tight air capacity eased during the quarter, after expiration of the de minimis exception for goods entering the U.S., which had prompted some shippers to accelerate orders earlier in the year in anticipation of higher tariffs. That extra capacity led to slightly lower sell and buy rates during the quarter."
1Diluted earnings attributable to shareholders per share.
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