Filing Flows › Expeditors International of Washington (EXPD) › Q1 2025
Expeditors International of Washington (EXPD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Expeditors International of Washington (EXPD) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), +21% from a year earlier and -10% from the quarter before. Operating margin was 10.0%, net earnings $204M (7.7% of revenue).
Expeditors International of Washington, Q1 2025: revenue $2.7B (+21% year over year), operating margin 10.0%, net earnings $204M, operating cash flow $343M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | -10% | +21% |
| Operating profit | $266M | -12% | +24% |
| Net earnings | $204M | -14% | +20% |
| Operating cash flow | $343M | +37% | +33% |
| Free cash flow | $329M | +37% | +34% |
What changed
Revenue was $2.7B in Q1 2025, up 21% year over year and down 10% from the previous quarter. Customs Brokerage and Other Services was the largest line at 37% of revenue. Ocean Freight and Ocean Services added $0.21B year over year (up 37%), 46% of the total change.
Operating profit was $0.27B, a 10.0% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 10% margin then. Total costs grew 21% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+26%). Net earnings were $0.20B, up 20% year over year. The effective tax rate was 26.0%.
Operating cash flow was $0.34B (up 33% year over year), 168% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.01B left free cash flow of $0.33B.
Questions
What was Expeditors International of Washington's revenue in the first quarter 2025?
Expeditors International of Washington (EXPD) reported revenue of $2.7B for the first quarter 2025 (Q1 2025), +21% from a year earlier and -10% from the quarter before.
Was Expeditors International of Washington profitable in the first quarter 2025?
Operating profit was $266M (10.0% of revenue) and net earnings $204M.
Source: Expeditors International of Washington 10-Q on SEC EDGAR.