NYSE$EXPD
Expeditors International of Washington · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Expeditors' Q3 2024 earnings increased, driven by higher airfreight tonnage and ocean container volume, despite geopolitical and port disruption concerns.
Expeditors International of Washington reported a strong third quarter in 2024, with a 37% increase in revenues to $3.0 billion and a 41% increase in diluted EPS to $1.63, driven by increased airfreight tonnage and ocean container volume.
- Diluted EPS increased by 41% to $1.63 compared to the same quarter of the previous year.
- Net earnings attributable to shareholders rose by 34% to $230 million.
- Operating income saw a 40% increase, reaching $302 million.
- Revenues increased by 37% to $3.0 billion, driven by higher airfreight tonnage and ocean container volume.
Headline financials
Revenue & EPS history
Expeditors · Revenue · Quarterly
$3B
Revenue by segment
Expeditors · $2.19B total across 3 segments · Q3 2023
- Customs Brokerage and Other Services$905M-24.3%41.3%
- Airfreight Services$724M-51.1%33.1%
- Ocean Freight and Services$560M-66.7%25.6%
Forward guidance
Expeditors anticipates potential decline in ocean rates if demand softens and capacity increases, especially if Red Sea commerce normalizes. Global freight markets and pricing are expected to remain volatile due to unpredictable events.
Tailwinds
- Focused on servicing current customers
- Gaining market share
- Keeping costs in check
- Handling increased volumes and tonnage
- Executing well throughout the network
Headwinds
- Ocean rates may decline if demand softens and capacity increases
- Global freight markets and pricing are likely to remain volatile
- Unpredictable events seem to occur with such increased regularity
- Ability to see much beyond day-to-day levels of activity remains challenging
- Geopolitical events continued to impact pricing and the flow of freight
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 2024
+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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