NYSE$EXPD
Expeditors International of Washington · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Expeditors' Q2 2021 earnings significantly increased due to unprecedented volumes and elevated buy/sell rates.
Expeditors International of Washington reported a strong second quarter in 2021, with a 69% increase in EPS to $1.84, a 72% increase in net earnings to $316 million, and a 66% increase in operating income to $411 million. Revenues increased by 50% to $3.6 billion, driven by a 37% increase in airfreight tonnage and a 34% increase in ocean container volume.
- Diluted EPS increased 69% to $1.84.
- Net earnings attributable to shareholders increased 72% to $316 million.
- Operating income increased 66% to $411 million.
- Revenues increased 50% to $3.6 billion.
Headline financials
Revenue & EPS history
Expeditors · Revenue · Quarterly
$3.61B
Revenue by segment
Expeditors · $3.61B total across 3 segments · Q2 2021
- Airfreight Services$1.52B+6.2%42.2%
- Ocean Freight and Services$1.1B+123.4%30.4%
- Customs Brokerage and Other Services$987M+50.8%27.3%
Forward guidance
Expeditors anticipates no meaningful improvements to the operating environment for the remainder of the year, with demand continuing to outstrip capacity in both air and ocean markets, keeping buy/sell rates unsettled for at least the duration of 2021.
Tailwinds
- The company will continue to do all that it can to help its customers during such difficult times.
- The company remains optimistic that conditions will improve over time.
- The company will continue to make important investments in people.
- The company will continue to invest in processes and technology.
- The company will invest in strategic efforts to explore new areas for profitable growth.
Headwinds
- The global infrastructure for moving freight seems nearly stretched to its limit.
- Robust demand is bumping up against capacity constraints in the air and ocean markets.
- There are limited warehouse space and staffing constraints.
- There is port congestion and equipment dislocations.
- There are driver shortages.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.4%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.2%
Avg return
30 days after
54%
39 / 72 earnings
Positive
+10.9%
Q3 2025
Best reaction
-8.3%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.6% | +11.9% | +12.4% | |
| Q4 2025 | -4.5% | -3.1% | -4.7% | |
| Q3 2025 | +10.9% | +12.2% | +22.9% | |
| Q1 2025 | -5.1% | -2.4% | -0.6% | |
| Q4 2024 | +3.9% | +2.4% | +1.8% | |
| Q3 2024 | -0.8% | -0.3% | +0.0% | |
| Q2 2024 | -3.6% | -1.8% | +1.0% | |
| Q1 2024 | +1.0% | +2.3% | +8.5% | |
| Q4 2023 | -5.0% | -3.2% | -2.1% | |
| Q3 2023 | +1.5% | +3.5% | +7.7% | |
| Q2 2023 | -6.0% | -6.3% | -7.5% | |
| Q1 2023 | +1.1% | +1.0% | -4.3% | |
| Q4 2022 | -5.6% | -3.8% | -6.1% | |
| Q3 2022 | +9.5% | +16.9% | +12.7% | |
| Q2 2022 | -3.5% | -2.8% | -2.5% | |
| Q1 2022 | +10.8% | +8.0% | +9.0% | |
| Q4 2021 | -4.2% | -0.8% | -2.2% | |
| Q3 2021 | +1.5% | -0.5% | -2.6% | |
| Q2 2021 | -0.8% | -1.9% | -2.0% | |
| Q1 2021 | +0.4% | +4.9% | +9.7% | |
| Q4 2020 | -2.2% | -3.3% | +7.4% | |
| Q3 2020 | +0.6% | +0.5% | +3.6% | |
| Q2 2020 | -2.0% | -0.4% | +3.2% | |
| Q1 2020 | +1.8% | +4.8% | +8.7% | |
| Q4 2019 | +3.8% | +2.8% | -21.0% | |
| Q3 2019 | +3.1% | +3.4% | -2.1% | |
| Q2 2019 | +4.1% | +3.7% | +4.1% | |
| Q1 2019 | -4.8% | -6.2% | -8.8% | |
| Q4 2018 | +2.6% | +2.9% | +3.1% | |
| Q3 2018 | +6.5% | +4.1% | +7.8% | |
| Q2 2018 | -5.3% | -5.7% | -2.6% | |
| Q1 2018 | +10.3% | +13.1% | +18.9% | |
| Q4 2017 | -0.2% | +2.2% | -2.6% | |
| Q3 2017 | +5.2% | +4.1% | +11.6% | |
| Q2 2017 | -5.8% | -7.8% | -4.2% | |
| Q1 2017 | -3.4% | -2.9% | -3.3% | |
| Q4 2016 | +0.2% | +0.4% | -1.1% | |
| Q3 2016 | -4.6% | -2.5% | +8.4% | |
| Q2 2016 | +2.9% | +3.2% | +3.2% | |
| Q1 2016 | -5.3% | — | — | |
| Q4 2015 | -2.7% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | +3.1% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | +5.9% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -8.3% | — | — | |
| Q1 2014 | +5.3% | — | — | |
| Q4 2013 | -7.1% | — | — | |
| Q3 2013 | -7.9% | — | — | |
| Q2 2013 | +2.2% | — | — | |
| Q1 2013 | +3.1% | — | — | |
| Q4 2012 | -4.4% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q2 2011 | -4.9% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q3 2010 | -2.6% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2009 | +5.5% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2007 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q3 2009 | +1.7% | — | — | |
| Q3 2008 | +1.7% | — | — | |
| Q2 2009 | +5.1% | — | — | |
| Q2 2008 | +5.1% | — | — | |
| Q4 2008 | +5.1% | — | — |
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