What is the primary revenue source for Expeditors International (EXPD)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze EXPD's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Expeditors International's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Expeditors International Makes Money: EXPD Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Operating margin improved by 0.6 percentage points year over year.

Revenue: USD 6.29B
Largest revenue segment share (Airfreight Services): 40.18%
Income tax expense: USD 167.65M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax expense · IncomeTaxExpenseBenefit
Largest revenue segment share (Airfreight Services)Airfreight Services · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100
RevenueRevenue from contract with customer, excluding assessed tax · RevenueFromContractWithCustomerExcludingAssessedTax

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Accounts receivable: USD 2.63B
Cash and cash equivalents: USD 1.03B
Property, plant and equipment: USD 451.09M
Shareholder equity: USD 2.12B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityEquity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
Accounts receivableAccounts receivable, less allowance for credit loss of $7,299 at june 30, 2026 and $7,241 at december 31, 2025 · AccountsReceivableNetCurrent
Property, plant and equipmentProperty and equipment, less accumulated depreciation and amortization of $665,264 at june 30, 2026 and $651,087 at december 31, 2025 · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 98.39% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 495.84M
Operating cash flow: USD 487.87M
Cash conversion: 98.39%
Free cash flow: USD 463.27M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet earnings attributable to shareholders · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 105.77M
Share repurchases: USD 642.53M
Stock issuance proceeds: USD 4.36M
Net shareholder return: USD 743.94M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from issuance of common stock

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?