Expeditors International of Washington Inc

EXPD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Expeditors Earnings: Tough Comps and Soft Pricing Weigh on Ocean Freight Revenue

Matthew Young

Feb 24, 2026

Expeditors International's fourth-quarter gross revenue fell 3% year over year as the US import pull-forward ended, creating tough comps for ocean demand and pricing. Operating profitability deteriorated but remains strong relative to competitors.

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Expeditors International of Washington Inc

Expeditors Earnings: Tough Comps and Soft Pricing Weigh on Ocean Freight Revenue

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