NYSE$EXPD
Expeditors International of Washington · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Expeditors' Q3 2021 earnings significantly increased due to strong volumes and high average sell and buy rates, driven by supply chain imbalances and disruptions.
Expeditors International of Washington, Inc. reported an 87% increase in EPS to $2.09 and an 84% increase in revenues to $4.3 billion compared to the same quarter of 2020. The company's performance was driven by strong volumes and high average sell and buy rates amid supply chain constraints.
- Diluted EPS increased 87% to $2.09 compared to Q3 2020.
- Net earnings attributable to shareholders increased 88% to $359 million.
- Operating income increased 94% to $490 million.
- Revenues increased 84% to $4.3 billion.
Headline financials
Revenue & EPS history
Expeditors · Revenue · Quarterly
$4.32B
Revenue by segment
Expeditors · $4.32B total across 3 segments · Q3 2021
- Airfreight Services$1.63B—37.7%
- Ocean Freight and Services$1.6B—37.0%
- Customs Brokerage and Other Services$1.09B—25.3%
Forward guidance
Expeditors anticipates that the current challenging conditions in the global logistics infrastructure are likely to persist well into 2022, with no simple or immediate fix to the supply and infrastructure issues.
Tailwinds
- Company's ability to adapt and perform exceptionally well on behalf of its customers.
- Strong operating efficiency.
- Close collaboration among employees.
- Ability to leverage carrier relationships to secure space.
- Strength of non-asset-based operating model.
Headwinds
- Unpredictability of how long the current conditions will persist.
- Impact of current conditions on future operations.
- Continued scarce air and ocean capacity.
- Elevated and erratic air and ocean pricing.
- Overall deficiency of available air capacity.
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 Q3 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro