While near-term freight markets remain challenging, the company's strategic shift toward higher-margin services like customs brokerage and technology solutions could support margin recovery. The new $3B buyback signals confidence in long-term prospects, but traders should monitor air margin recovery and ocean market stabilization in upcoming quarters.
Price Chart
Executive Summary
Expeditors International reported Q4 2025 EPS of $1.49, down 11% year-over-year, driven by a 17% decline in operating income and a 41% drop in ocean freight revenue per container. Despite softness in air and ocean margins, the company highlighted strong growth in customs brokerage and diversified services, returning $150M to shareholders in the quarter and authorizing a new $3B share repurchase program.
Key Financial Metrics
Key Facts
- Q4 2025 EPS was $1.49, down 11% YoY
- Revenues declined 3% to $2.86B
- Operating income fell 17% to $251M
- Ocean freight revenue per container dropped 41% YoY
- Airfreight tonnage increased 6%, ocean volume decreased 6%
- Customs brokerage and other services revenue grew 15% to $1.14B
- Company returned $150M to shareholders in Q4 and $875M for full year 2025
- Board approved new $3B share repurchase program
Financial Impact
Revenue down $99M YoY, operating income down $50M YoY, net earnings down $35M YoY
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Airfreight services | $1.1B | +4.3% |
| Ocean freight and ocean services | $611.4M | -32.9% |
| Customs brokerage and other services | $1.1B | +15.5% |
Risk Factors
- Continued softness in ocean freight rates
- Air margin pressure from higher buy rates
- Execution risk in cost alignment with market conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-066101 |
| Exhibit: expd-20250224.htm | 0001193125-26-066101 |
| Document: 0001193125-26-066101-index-headers.html | 0001193125-26-066101 |
| Document: 0001193125-26-066101-index.html | 0001193125-26-066101 |
| Document: 0001193125-26-066101.txt | 0001193125-26-066101 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | 8-K | $181.48 $187.70 | ▲ +3.43% | ▲ +4.67% | $192.45 (+6.04%) |
May 20, 2026 19w ago | 8-K | $156.38 $163.38 | ▲ +4.47% | ▲ +4.14% | $192.45 (+23.06%) |
May 5, 2026 21w ago | 8-K | $151.24 $158.70 | ▲ +4.93% | ▲ +2.15% | $192.45 (+27.25%) |
May 5, 2026 21w ago | 8-K | $153.08 $157.87 | ▲ +3.13% | ▼ −1.83% | $192.45 (+25.72%) |
Apr 28, 2026 22w ago | Court Ruling | $147.38 $161.51 | ▼ −9.59% | ▼ −4.14% | $192.45 (−30.58%) |
Mar 24, 2026 27w ago | DEFA14A | $141.97 $148.44 | ▲ +4.56% | ▼ −4.34% | $192.45 (+35.56%) |
Feb 27, 2026 31w ago | Insider Cluster | $145.03 $141.22 | ▼ −2.63% | ▲ +4.93% | $192.45 (+32.70%) |
Feb 24, 2026 31w ago | 8-K | $138.83 $141.97 | ▲ +2.26% | ▲ +7.25% | $192.45 (+38.62%) |
Feb 24, 2026 31w ago | 8-K | $138.83 $141.97 | ▲ +2.26% | ▲ +7.25% | $192.45 (+38.62%) |
US Market Status
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