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Expeditors International of Washington EXPD Customs Brokerage And Other Services — Direct Operating Costs

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Other financials

Income statement

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Revenue$2.8B+4.4%
Operating income$294.8M+10.9%
Net income$229.6M+12.7%
EPS (diluted)$1.71+16.3%

Balance sheet

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Cash & equivalents$1.3B-0.2%
Total debt$565.0M-4.0%
Total equity$2.3B-0.1%
Total assets$4.8B+0.5%

Cash flow

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Operating cash flow$309.2M-9.7%
CapEx$12.6M-4.1%
Free cash flow$296.6M-10.0%

Valuation

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Market cap$21.32B+40.9%
Enterprise value$20.56B+41.2%
P/E25.5×+7.7×
P/S1.9×+0.6×

Profitability

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Operating margin9.7%-0.2pp
Net margin7.5%-0.2pp
FCF margin8.2%+1.3pp

Returns & leverage

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Return on equity36.6%-1.1pp
Debt / equity0.2×0.0×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Expeditors International of Washington in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The official record: Expeditors International of Washington’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expeditors International of Washington's customs brokerage and other services — direct operating costs?
Expeditors International of Washington (EXPD) reported customs brokerage and other services — direct operating costs of $625.65M in Q1 2026.
How has Expeditors International of Washington's customs brokerage and other services — direct operating costs changed year-over-year?
Expeditors International of Washington's customs brokerage and other services — direct operating costs increased by 12.9% year-over-year, from $554.28M to $625.65M.
What is the long-term trend for Expeditors International of Washington's customs brokerage and other services — direct operating costs?
Over 4 years (2021 to 2025), Expeditors International of Washington's customs brokerage and other services — direct operating costs has grown at a -2.3% compound annual growth rate (CAGR), from $2.63B to $2.39B.
What does customs brokerage and other services — direct operating costs mean?
This metric captures the direct costs incurred to deliver customs brokerage and logistics services, primarily consisting of personnel expenses, technology infrastructure costs, and third-party service provider fees. It excludes indirect corporate overhead and serves as a measure of the variable cost structure required to support the segment's service delivery. Monitoring these costs is essential for evaluating the operational efficiency and gross margin profile of the service segment.