“As we are not required to purchase or maintain extensive property and equipment and have not otherwise incurred substantial interest rate-sensitive indebtedness, we currently have limited direct exposure to increased interest expense resulting from increases…”10-Q · Aug 5, 2026 ↗
Expeditors International of Washington, Inc.
EXPD
Market read
Expeditors International of Washington, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 32.1% versus the comparable filing period.
- Expeditors reported higher customs-brokerage fees and growing demand tied to complexity in the trade environment across business sectors.
- Order management revenues rose 13% (expenses 12%) for the quarter vs prior year due to higher volumes from new and existing customers.
Invalidation: The isolated read changes if EXPD's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Revenue increased 32.1% versus the comparable filing period.
- Operating margin improved 0.6 percentage points.
- Net income increased 45.0% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- Expeditors reported higher customs-brokerage fees and growing demand tied to complexity in the trade environment across business sectors.
- Order management revenues rose 13% (expenses 12%) for the quarter vs prior year due to higher volumes from new and existing customers.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.24x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 5 filings.
- Tariffs and trade policy has repeated favorable evidence across 5 filings.
No qualifying adverse evidence was identified; that is not proof there is no downside.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 11, 2026
192.70Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The continued complexity in customs brokerage due to the dynamic trade environment has resulted in higher fees and growing demand for our brokerage services from customers across many business sectors.”10-Q · Aug 5, 2026 ↗
“North Asia ocean freight and ocean services revenues decreased 4% and 1%, respectively, for the three months ended June 30, 2026, as compared to the same period in 2025, due to average lower sell rates and buy rates in the first part of the quarter, partially…”10-Q · Aug 5, 2026 ↗
“North Asia ocean freight and ocean services revenues and expenses decreased 24% and 25%, respectively, for the six months ended June 30, 2026 as compared to the same periods in 2025, due to a 5% decline in containers shipped and lower average sell and buy rat…”10-Q · Aug 5, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EXPD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.
Capital and cash conversion
Reported investment and cash context
- Capital spending YoY
- -24.5%
- Capital spending / revenue
- +0.3%
- Free-cash-flow margin
- +4.8%
- FCF margin change
- -1.4 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 32.1% versus the comparable filing period.
- Operating margin improved 0.6 percentage points.
- Net income increased 45.0% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Net cash provided by operating activities in the three months ended June 30, 2026 was comparable to the same period in 2025 while the decrease of $34 million for the six months ended June 30, 2026, respectively, was primarily due to changes in working capital due to growth in activity in the second quarter of 2026.”
“ended June 30, 2026, respectively, was primarily due to changes in working capital due to growth in activity in the second quarter of 2026.”
“Ocean freight consolidation revenues and expenses increased 3% and 10%, respectively, for the three months ended June 30, 2026, as compared to the same period in 2025, primarily due to 3% and 10% increases in average sell and buy rates, while ocean containers shipped remained flat.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind EXPD
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
No filing peers are available for this name yet.
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What is moving around it
Live connections
EXPD is currently a Follower in the organic co-movement group Freight Transportation. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.