EXPD
Expeditors International of Washington, Inc.Evidence as of 2026-09-02Overview · Expeditors International of Washington, Inc.
Expeditors International of Washington, Inc., together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage,…
Management team
- Mr. Daniel R. Wall · President of Global GeographiesFind on LinkedIn
- Mr. Allen J. L. Wang · Senior Vice President of North AsiaFind on LinkedIn
- Mr. Timothy C. Barber · Executive Vice President of EuropeFind on LinkedIn
- Mr. J. Jonathan Song · Senior Vice President of Global Sales & MarketingFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.4 on a −2 to +2 scale — was +0.5 before the debate changed the read.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk’s evidence balance is Constructive ( +0.4 of a possible +2; was +0.5 before debate) · confidence high. Revenue in Q2 2026 (fiscal quarter ended 2026-07-31) was $3,502,335,000, up from $2,651,885,000 in Q2 2025 (fiscal quarter ended 2025-08-04). Operating income in Q2 2026 was $349,618,000 (implied operating margin ~ 9.98%), versus $247,736,000 in Q2 2025 (~ 9.35%), and net income rose to $266,226,000 from $183,574,000 with diluted EPS up from $1.34 to $2.03.
The company has reduced shares outstanding across the series of reported dates to 129,990,622 as of 2026-07-31, supported by material repurchases including $354,907,000 in Q2 2026 and prior quarterly buybacks. Cash and cash equivalents show quarterly variability around $1.03–1.32 billion, trailing twelve-month operating cash flow is $868,454,000, trailing twelve-month EPS is 6.72, and TTM P/E is 27.93; market capitalization is $24,399,239,749 and enterprise value is $23,367,791,749.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue for the quarter Q2 2026 (2026-04-01 to 2026-06-30) was $3,502,335,000, up from $2,651,885,000 in the comparable quarter Q2 2025 (2025-04-01 to 2025-06-30).
XBRL companyfacts · 0001193125-26-334457Operating income for Q2 2026 (2026-04-01 to 2026-06-30) was $349,618,000, compared with $247,736,000 for the comparable quarter Q2 2025 (2025-04-01 to 2025-06-30); that implies an operating margin of ~9.98% in Q2 2026 (349,618,000 / 3,502,335,000) versus ~9.35% in Q2 2025 (247,736,000 / 2,651,885,000).
XBRL companyfacts · 0001193125-26-334457Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 10-Q for the quarter (filed 2026-08-05) is present in the evidence (the 10-Q filed 5 August 2026).
10-Q filed 2026-08-05Two Form 8-Ks were filed in early August 2026: one on 2026-08-04 (the 8-K filed 4 August 2026) and a second on 2026-08-11 (the 8-K filed 11 August 2026).
8-K filed 2026-08-04Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Momentum indicators are strong: momentum_6m is +27.4% (rank_momentum_6m 86th percentile of 547) and momentum_12_1 is +48.3% (rank_momentum_12_1 82th percentile of 547).
Moneyta signal set · 2026-09-01weakened in debateTrend-state signals are positive: golden_cross is true, price_vs_sma50 is +6.2%, and price_vs_sma200 is +19.2%.
Moneyta signal set · 2026-09-01weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings totaled $17.72B as of the quarter ended 2026-03-31, with 904 institutional holders and a reported quarter-over-quarter value change of -7.7%.
13F holdings · 904 filers · as of 2026-03-31BlackRock, Inc. was the largest 13F-reported institutional holder in the period ending 2026-03-31 with a reported position value of $1.78B; other large reported holders included VANGUARD CAPITAL MANAGEMENT LLC ($1.25B) and STATE STREET CORP ($1.03B).
13F holdings · 904 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A sector-focused earnings piece published 1 September 2026 compares Expeditors to peers as part of an 'Air Freight and Logistics Q2 Earnings' roundup.
News · finance.yahoo.com · 2026-09-01UBS AM raised its holdings in Expeditors by 10.0% in the second quarter, per the firm's filing.
News · thelincolnianonline.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Diane H. Gulyas (Director) reported an open-market purchase of 1,400 shares on 2026-08-06 valued at "$250k"; the filing shows no trading-plan flag in the trading_plan field.
Form 4 · Gulyas Diane H. (Director) · $250k code G · 2026-08-06Daniel R. Wall (President and CEO) reported a sale of 644 shares on 2026-05-07 valued at "$97k" (code F) and also reported acquisitions of 1,697 shares and 41 shares on 2026-05-07 with reported value "$0" (code M) in the disclosed filings.
Form 4 · Wall Daniel R (President and CEO) · $0 code M · 2026-05-07Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price-to-earnings ratio is 27.93.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month earnings per share (EPS) is 6.72.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific fundamentals together paint a favorable operational and capital-allocation profile: Q2 2026 revenue, operating income, and net income all rose materially versus Q2 2025 (fundamentals-0, fundamentals-1, fundamentals-2), diluted EPS increased, and the firm has an active, well-documented share-repurchase program that materially reduced share count while returning cash to shareholders (fundamentals-3, fundamentals-4). Market signals show strong momentum and positive trend-state characteristics (market-0, market-1), and market-sensitivity metrics indicate lower correlation to the S&P 500 (market-2), which supports the view that recent price action is not simply a broad-market move. Institutional and ETF ownership data show meaningful placement among large asset managers and inclusion in several ETFs (ownership-0, ownership-1, ownership-2), and an insider open-market purchase provides a counterpoint to reported small insider sales (insider-0). Evidence strength: the fundamental and repurchase items are drawn from recent SEC filings and appear high-strength; market-signal and ownership items are timestamped, moderate-strength signals that align with the reported fundamentals.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.28
40 surviving claims rest on 22 distinct sources; the heaviest analyst carries 18% of them, and 98% of what the desk raised survived the debate.
The read rests on a moderate breadth of sources (22) but a fairly concentrated analyst influence (one analyst accounts for ~18% of surviving claims), and nearly all flagged points survived internal debate—so the set is internally consistent but not immune to source- or analyst-specific bias. In practice this means the conclusions can be informative for descriptive analysis, but their weight should be tempered because a small number of contributors and a limited source pool could amplify systematic reporting or interpretation quirks.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
20 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+1.8 to the score
6 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.3 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
8 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on EXPD Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.