Expeditors International

OverviewSuggest Edit

Expeditors International of Washington is a logistics and freight forwarding company. It offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions. It acts as a freight consolidator or as an agent for the airline, which carries the shipment. The company also provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services.
TypePublic
Founded1979
HQSeattle, WA, US
Websiteexpeditors.com
Employee Ratings3.5
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2021)19,000(+9%)
Job Openings1,199
Revenue (FY, 2021)$16.5 B(+64%)
Share Price (Jul 2022)$106.3(+2%)
Cybersecurity ratingCMore
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Key People/Management at Expeditors International

Jeffrey S. Musser

Jeffrey S. Musser

President and Chief Executive Officer
Benjamin G. Clark

Benjamin G. Clark

Senior Vice President, Chief Strategy Officer
Bradley S. Powell

Bradley S. Powell

Senior Vice President, Chief Financial Officer
Christopher J. McClincy

Christopher J. McClincy

Senior Vice President and Chief Information Officer
Eugene Alger

Eugene Alger

President, Global Services
Richard H. Rostan

Richard H. Rostan

President, Global Geographies and Operations
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Expeditors International Office Locations

Expeditors International has offices in Seattle, Airway Heights, Atlanta, Aurora and in 274 other locations
Seattle, WA, US (HQ)
1015 3rd Ave 12th Floor
Airway Heights, WA, US
11718 W 12th Ave
Atlanta, GA, US
300 Tradeport Dr #300
Aurora, CO, US
12200 E Iliff Ave #202
Austin, TX, US
8000 Centre Park Dr #150
Bensenville, IL, US
849 Thomas Dr
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Expeditors International Financials and Metrics

Expeditors International Revenue

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View revenue for all periods
Expeditors International's revenue was reported to be $16.52 b in FY, 2021 which is a 63.3% increase from the previous period.
USD

Revenue (Q1, 2022)

4.7b

Gross profit (Q1, 2022)

1.1b

Gross profit margin (Q1, 2022), %

24.6%

Net income (Q1, 2022)

349.5m

EBIT (Q1, 2022)

461.8m

Market capitalization (29-Jul-2022)

18.0b

Closing stock price (29-Jul-2022)

106.3

Cash (31-Mar-2022)

2.1b

EV

16.3b
Expeditors International's current market capitalization is $18 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

8.2b10.1b16.5b

Revenue growth, %

0%24%63%

Cost of goods sold

5.5b7.2b12.1b

Gross profit

2.6b2.9b4.5b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.9b2.6b2.5b3.4b3.6b4.3b4.7b

Cost of goods sold

1.3b1.8b1.7b2.4b2.6b3.2b3.5b

Gross profit

615.1m749.6m734.4m951.5m1.0b1.1b1.1b

Gross profit Margin, %

32%29%30%28%28%26%25%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

1.2b1.5b1.7b

Accounts Receivable

1.3b2.0b3.8b

Prepaid Expenses

92.6m110.3m108.8m

Current Assets

2.8b4.0b6.6b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

1.1b1.2b1.5b1.8b1.7b1.8b2.1b

Accounts Receivable

1.3b1.5b1.6b2.2b2.6b3.3b3.9b

Prepaid Expenses

94.1m69.6m129.6m85.9m128.9m119.3m70.8m

Current Assets

2.6b2.9b3.4b4.5b5.0b6.1b7.0b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

592.0m698.2m1.4b

Depreciation and Amortization

51.0m57.0m51.3m

Accounts Payable

(182.0m)430.5m1.0b

Cash From Operating Activities

771.9m655.0m868.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

122.8m184.2m191.7m288.0m317.0m359.9m349.5m

Depreciation and Amortization

12.7m14.1m15.9m13.0m12.7m12.8m13.0m

Accounts Payable

917.0k106.8m94.3m233.2m100.1m436.3m140.2m

Cash From Operating Activities

165.0m186.7m161.6m355.7m30.5m177.4m413.9m
USDFY, 2019

EV/EBIT

16.2 x

EV/CFO

16.1 x

Revenue/Employee

454.2k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.7 x

P/E Ratio

23.0
Show all financial metrics

Expeditors International Operating Metrics

FY, 2018FY, 2019FY, 2020

Average Shipment Weight, pounds

3 k3 k3.5 k

Countries

606060

Offices

176176176

Expeditors International Acquisitions / Subsidiaries

Company NameDateDeal Size
FleetMay 26, 2020
Beijing Kang Jie Kong International Cargo Agent Co., Ltd.
Cargo Signal Solutions, LLC
E.I. Freight (U.S.A.), Inc.
EIF Sdn Bhd
Expeditors Aduanas Peru S.A.C.
Expeditors Argentina S.A.
Expeditors Assurance of Vermont, Inc.
Expeditors (Bangladesh), Ltd.
Expeditors Cambodia Ltd.
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Expeditors International Revenue Breakdown

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Expeditors International revenue breakdown by geographic segment: 13.7% from Europe, 5.2% from Middle East, Africa and India, 38.5% from North Asia, 12.4% from South Asia, 26.3% from United States and 3.9% from Other

Expeditors International Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Expeditors International Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Expeditors International Online and Social Media Presence

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Expeditors International Company Culture

  • Overall Culture

    B+

    74/100

  • CEO Rating

    A

    78/100

  • Compensation

    B

    70/100

  • Diversity

    B

    71/100

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Expeditors International News and Updates

Expeditors Announces Semi-Annual Cash Dividend of $0.67

SEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ: EXPD), today announced that on May 2, 2022 its Board of Directors declared a semi-annual cash dividend of $0.67 per share, payable on June 15, 2022 to shareholders of record as of June 1, 2022. Expeditors is a global lo…

Expeditors Reports First Quarter 2022 EPS of $2.05

SEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced first quarter 2022 financial results including the following highlights compared to the same quarter of 2021: Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 23% to $2.0…

Expeditors outlines severity of cyberattack, partially resumes operations

Expeditors International is desperately trying to recover from a major cyberattack that has degraded its logistics capabilities.

Expeditors International expects 'material adverse impact' on results from previously announced cyberattack

Expeditors International of Washington Inc. disclosed Wednesday that the previously announced cyberattack it suffered will have a "material adverse impact" on its business, revenue, expenses, cash flow and reputation. The provider of airfreight, ocean freight and customers brokerage services said i…

Global logistics giant Expeditors suffers cyberattack, shuts down operations systems

Global logistics provider Expeditors International shut down most of its operations systems after a cyberattack, limiting the ability to book shipments.

Expeditors International Blogs

Battery Recycling and Logistics [PODCAST]

When an electric vehicle meets the end of its life, there is a precious component inside it that is growing a new industry. Global Director Karen Kinsella and Regional Manager of Europe Jamie Lansdell from our Automotive and Mobility vertical discuss the automotive and battery recycling ind…

ACES: The Future of Mobility

As future Automotive manufacturing integrates with technology-driven advancements, the emergence of the sector “Mobility” is revolutionizing the way we move, both ourselves and products around the globe. As evidenced by the industry players responding to changing consumer behavior, developi…

India Customs Brokerage Services

Expeditors offers customs brokerage services throughout 27 air and ocean ports in India. This service supports our customers' supply chain requirements through efficient customs clearance and effective regulatory compliance. We base our India customs brokerage services on a proactive and de…

Introducing Expeditors' New Facility in Brussels

We continue to invest in our infrastructure in a fast-growing market and ongoing demand from our customers. Expeditors BRU, in the heart of Europe, opened our most innovative temperature-controlled warehouse across the globe.

Top 5 Trade Lessons for 2022 [PODCAST]

The podcast returns and sits down with Vice President of Tradewin, Michael Bellezza, to reflect on 2021 and identify key lessons for the rest of 2022: resiliency, flexibility, creativity, empathy, and knowledge.

Expeditors Launches 2021 Sustainability Report

Friday, April 22 is the day we celebrate Earth Day, however at Expeditors, our efforts around sustainability happen every day across our global network. We take sustainability seriously, and we are happy to present our current Sustainability Report, which we update annually to highligh…
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Expeditors International Frequently Asked Questions

  • When was Expeditors International founded?

    Expeditors International was founded in 1979.

  • Who are Expeditors International key executives?

    Expeditors International's key executives are Jeffrey S. Musser, Benjamin G. Clark and Bradley S. Powell.

  • How many employees does Expeditors International have?

    Expeditors International has 19,000 employees.

  • What is Expeditors International revenue?

    Latest Expeditors International annual revenue is $16.5 b.

  • What is Expeditors International revenue per employee?

    Latest Expeditors International revenue per employee is $869.7 k.

  • Who are Expeditors International competitors?

    Competitors of Expeditors International include ArcBest, TForce Freight and Canadian Pacific Railway.

  • Where is Expeditors International headquarters?

    Expeditors International headquarters is located at 1015 3rd Ave 12th Floor, Seattle.

  • Where are Expeditors International offices?

    Expeditors International has offices in Seattle, Airway Heights, Atlanta, Aurora and in 274 other locations.

  • How many offices does Expeditors International have?

    Expeditors International has 282 offices.