Filing Flows › Expeditors International of Washington (EXPD) › Q4 2025
Expeditors International of Washington (EXPD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Expeditors International of Washington (EXPD) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -1% from the quarter before. Operating margin was 8.8%, net earnings $201M (7.0% of revenue).
Expeditors International of Washington, Q4 2025: revenue $2.9B (-3% year over year), operating margin 8.8%, net earnings $201M, operating cash flow $283M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -1% | -3% |
| Operating profit | $251M | -13% | -17% |
| Net earnings | $201M | -10% | -15% |
| Operating cash flow | $283M | +41% | +13% |
| Free cash flow | $270M | +42% | +13% |
What changed
Revenue was $2.9B in Q4 2025, down 3% year over year and down 1% from the previous quarter. Customs Brokerage and Other Services was the largest line at 40% of revenue.
Operating profit was $0.25B, a 8.8% margin (down 1.4 points year over year). Total costs fell 2% while revenue fell 3%. Net earnings were $0.20B, down 15% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.28B (up 13% year over year), 141% 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 $0.06B. Capital expenditures of $0.01B left free cash flow of $0.27B.
Questions
What was Expeditors International of Washington's revenue in the fourth quarter 2025?
Expeditors International of Washington (EXPD) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -1% from the quarter before.
Was Expeditors International of Washington profitable in the fourth quarter 2025?
Operating profit was $251M (8.8% of revenue) and net earnings $201M.
Source: Expeditors International of Washington 10-K on SEC EDGAR.