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Expeditors International of Washington EXPD Ocean Freight And Ocean Services — Direct Operating Costs

Other product segments

Airfreight Services
$769.48M+18.7%
Customs Brokerage And Other Services
$625.65M+12.9%

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SMHIOther Direct Costs And Expenses — Operating Costs And Expenses
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MATXOcean Transportation — Cost Of Revenue
$302.33M+4.0%
SLD
SLDPDirect Operating Costs1
$3.55M+31.6%

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 ocean freight and ocean services — direct operating costs?
Expeditors International of Washington (EXPD) reported ocean freight and ocean services — direct operating costs of $416.02M in Q1 2026.
How has Expeditors International of Washington's ocean freight and ocean services — direct operating costs changed year-over-year?
Expeditors International of Washington's ocean freight and ocean services — direct operating costs decreased by 27.5% year-over-year, from $573.9M to $416.02M.
What is the long-term trend for Expeditors International of Washington's ocean freight and ocean services — direct operating costs?
Over 4 years (2021 to 2025), Expeditors International of Washington's ocean freight and ocean services — direct operating costs has grown at a -17.4% compound annual growth rate (CAGR), from $4.36B to $2.03B.
What does ocean freight and ocean services — direct operating costs mean?
This metric captures the direct costs incurred to provide ocean freight and related services, primarily consisting of payments to ocean carriers for capacity and other service-related expenses. It represents the variable cost structure associated with the company's ocean freight operations. Monitoring this helps evaluate the company's ability to manage carrier relationships and maintain margins in a fluctuating freight rate environment.