Expeditors International of Washington, Inc. (EXPD) Stock

Expeditors International of Washington, Inc. (EXPD) is a Industrials stock trading at $187.76 (as of 2026-08-21), with a market capitalization of $24.41B and a trailing P/E of 26.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Expeditors International of Washington, Inc. provides transportation and supply-chain services for shipments across regions including the Americas, Europe, the Middle East, Africa, and parts of Asia. Its offerings include air and ocean freight forwarding, customs brokerage and clearance, ground transportation and warehousing/distribution, and related order and trade compliance services for customers shipping internationally.

Understand Expeditors International of Washington, Inc.: how it makes money

Expeditors provides logistics services, including airfreight, ocean freight, customs brokerage, and related transportation and warehousing services, and it earns money by charging for these logistics and trade facilitation services.

The profit engine is the mix of revenue generated by customs brokerage and other services, airfreight services, and ocean freight and ocean services, because these are the company’s main service lines that customers use to move and clear goods internationally.

Revenue by segment (latest quarter)
Customs & other	$1.1B
Airfreight	$1.0B
Ocean	$0.6B

Business quality (Mixed): Segment-level revenue is available for the main service lines (customs and other, airfreight, ocean), and the provided operating indicators focus on those service revenues and workforce-related measures (employee full-time equivalents, headcount and salary cost changes, and an operating efficiency management metric).

Valuation: At 26× earnings, EXPD trades 48% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

Diversified service lines: Revenue comes from multiple logistics areas, including customs brokerage and other services, airfreight services, and ocean freight and ocean services.
Operations span multiple trade lanes: The company provides logistics services across the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India, which supports a multi-region operating footprint.

Bear case

Workforce and cost actions may signal pressure: The company reports headcount reduction and decreases in salaries and related costs, which can indicate efforts to manage costs but may also reflect underlying business pressure.
Service-line performance can vary: Because results are tied to specific revenue streams (customs and other, airfreight, and ocean), weaker demand or execution in one service line could affect overall performance.

Valuation — source: SEC EDGAR (first-party)
Price	$187.76
Market Cap	$24.41B
P/E Ratio	26.6
EV / EBITDA	18.9
Price / Book	11.51
Price / Sales	2.03
FCF Yield	3.8%
DCF Value (model)	$119.84
DCF Upside vs Price	-36.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$11.07B
Net Margin	7.3%
Revenue Growth (YoY)	32.1%
EPS Growth (YoY)	50.4%
FCF Growth (YoY)	2.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	10.04 (safe)

Valuation vs Sector & Industry
Stock P/E	26.6
Sector P/E (Industrials)	25.9
Industry P/E (Transportation)	16.9
vs Sector	2.7%
vs Industry	57.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($2.47B)
Institutional Holders Tracked	10
Congressional Trades (recent)	5

Company
Sector	Industrials
Industry	Transportation
CEO	Daniel R. Wall
Employees	19,203
Country	US
IPO Date	1984-09-26

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.