Filing Flows › Expeditors International of Washington (EXPD) › Q2 2025
Expeditors International of Washington (EXPD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Expeditors International of Washington (EXPD) reported revenue of $2.7B for the second quarter 2025 (Q2 2025), +9% from a year earlier and -0.5% from the quarter before. Operating margin was 9.3%, net earnings $184M (6.9% of revenue).
Expeditors International of Washington, Q2 2025: revenue $2.7B (+9% year over year), operating margin 9.3%, net earnings $184M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | -0.5% | +9% |
| Operating profit | $248M | -7% | +11% |
| Net earnings | $184M | -10% | +5% |
| Operating cash flow | $179M | -48% | +41% |
| Free cash flow | $163M | -50% | +37% |
What changed
Revenue was $2.7B in Q2 2025, up 9% year over year and down 1% from the previous quarter. Customs Brokerage and Other Services was the largest line at 39% of revenue. Customs Brokerage and Other Services added $0.10B year over year (up 10%), 46% of the total change.
Operating profit was $0.25B, a 9.3% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 9% margin then. Total costs grew 9% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $0.18B, up 5% year over year. The effective tax rate was 28.7%.
Operating cash flow was $0.18B (up 41% year over year), 97% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.02B left free cash flow of $0.16B.
Questions
What was Expeditors International of Washington's revenue in the second quarter 2025?
Expeditors International of Washington (EXPD) reported revenue of $2.7B for the second quarter 2025 (Q2 2025), +9% from a year earlier and -0.5% from the quarter before.
Was Expeditors International of Washington profitable in the second quarter 2025?
Operating profit was $248M (9.3% of revenue) and net earnings $184M.
Source: Expeditors International of Washington 10-Q on SEC EDGAR.