Expeditors International Reports 8.8% Revenue Growth to $2.65 Billion in Q2 2025

Expeditors International of Washington, Inc. reported a significant increase in financial performance for the second quarter of 2025, with total revenues reaching $2.65 billion, up 8.8% from $2.44 billion in the same period last year. The company's net earnings attributable to shareholders also rose to $183.6 million, a 4% increase compared to $175.5 million in the second quarter of 2024. Diluted earnings per share improved to $1.34, up from $1.24 in the prior year. The growth in revenue was driven by strong demand across all service lines, particularly in airfreight and customs brokerage services, which saw increases of 11% and 10% in revenues, respectively.

In comparison to the previous fiscal period, the company experienced notable changes in both revenue and operating income. Operating income for the second quarter increased by 10.6% to $247.7 million, up from $223.9 million in the same quarter of 2024. The increase in operating income was attributed to higher volumes and rates, particularly as U.S. importers managed shipments in anticipation of higher trade tariffs. The effective tax rate also increased to 28.7% from 25.8% in the prior year, impacting net earnings growth.

Operationally, Expeditors reported a 7% increase in airfreight tonnage and a 7% rise in ocean containers shipped compared to the same quarter last year. The company’s headcount grew by 6% as it expanded its workforce to support increased demand for customs brokerage services and to enhance its information technology capabilities. The company also returned $335 million to shareholders through stock repurchases and dividends during the quarter, reflecting its commitment to shareholder value.

Looking ahead, Expeditors remains cautious about the global trade environment, which is influenced by ongoing geopolitical tensions and changes in trade regulations. The company noted that while demand for its services remains strong, the potential for further tariff changes and trade restrictions could create volatility in shipping volumes and pricing. Management emphasized the importance of maintaining strong relationships with carriers and adapting to the dynamic market conditions to sustain growth.

Overall, Expeditors International's second-quarter results reflect a solid performance amid a challenging global trade landscape, with strategic investments in workforce and technology aimed at supporting future growth and operational efficiency. The company’s outlook remains focused on navigating the complexities of international logistics while capitalizing on opportunities presented by evolving market conditions.