EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
In the published model solve dated 2026-Q2, anchored at $190.97, EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. (EXPD) is priced for +13.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• Customs brokerage and other services is now the largest of Expeditors' three revenue lines at roughly 39% of 2025 revenue, ahead of airfreight at 36% and ocean at 25%, and it grew 13% last year while ocean fell 11% [Source: Expeditors 2025 annual report]. • The company owns almost none of the capacity it sells, which is the source of both the returns and the risk: the filing states that ⟦"Our ability to deliver our services depends on service providers having sufficient capacity available to
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880 institutional managers reported holding EXPD in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 47%. 97 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 5.2M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
EXPD has cut its share count 21.1% over the past five years, spending $5.15B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $1.54 a share annually. Cash returned over the past three years: $511.29M in dividends and $2.30B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at EXPD over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
EXPD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -6.0% | -0.3% |
| 2023-11-09 | +1.5% | +10.3% |
| 2024-02-24 | -5.0% | -5.7% |
| 2024-05-10 | +1.3% | +1.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
EXPD's latest 8-K filings: 2026-08-11 (items 7.01); 2026-08-04 (items 2.02, 9.01); 2026-05-20 (items 7.01); 2026-05-06 (items 5.07); 2026-05-05 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.