EXPD
Expeditors International of Washington, Inc.Evidence as of 2026-10-14The desk's Snapshot
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Overview · 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
Start free to see the full management team.
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.
+0.5 on a −2 to +2 scale.
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.
Revenue in fiscal Q2 2026 (ended 2026-07-31) was $ 3,502,335,000, up $ 719,373,000 from fiscal Q1 2026 (ended 2026-05-01) and up $ 850,450,000 versus fiscal Q2 2025 (ended 2025-08-04). Operating income in fiscal Q2 2026 was $ 349,618,000 and operating margin was about 9.98%, below the roughly 10.59% reported in fiscal Q1 2026 but above the about 9.35% in fiscal Q2 2025. Diluted EPS rose to $ 2.03 in fiscal Q2 2026 from $ 1.71 in fiscal Q1 2026 and $ 1.34 in fiscal Q2 2025, while weighted-average diluted shares declined to 131,372,000 (fiscal Q2 2026) from 136,631,000 (fiscal Q2 2025).
The company increased repurchase activity, with payments for repurchase of common stock of $ 354,907,000 in fiscal Q2 2026 versus $ 287,624,000 in fiscal Q1 2026 and $ 231,116,000 in fiscal Q2 2025. Market signals show momentum at +58.6% over 12 months, price trading above the 50‑ and 200‑day SMAs (+3.8% and +19.1%), and valuation multiples such as P/FCF at 31.38 and trailing P/E at 29.04; the model-implied free‑cash‑flow growth rate required by today’s price is 20.33%.
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 was $3,502,335,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30), up $719,373,000 from $2,782,962,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and up $850,450,000 versus $2,651,885,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30).
XBRL companyfacts · 0001193125-26-334457Operating income was $349,618,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30), compared with $294,828,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and $247,736,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30).
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.
In the Form 10-K filed 2026-02-25, management stated that "the most significant drivers of changes in gross revenues and related transportation expenses are volume, sell rates and buy rates."
10-K filed 2026-02-25The Form 10-K filed 2026-02-25 reports revenues increased 4% for the year ended December 31, 2025 versus 2024, with operating income increasing 1%, net earnings to shareholders remaining flat, and earnings per share increasing 4%.
10-K filed 2026-02-25Reads 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 over the last 12 months (12_1) is +58.6%.
Moneyta signal set · 2026-10-13weakened in debateMomentum over the last 6 months is +35.3% and ranks in the 89th percentile of the 881-stock research universe.
Moneyta signal set · 2026-10-13weakened 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 total "$20.34B" as of 2026-06-30.
13F holdings · 958 filers · as of 2026-06-30Top 13F holders reported include BlackRock, Inc. at "$2.19B", VANGUARD CAPITAL MANAGEMENT LLC at "$1.39B", and STATE STREET CORP at "$1.20B" (as of 2026-06-30).
13F holdings · 958 filers · as of 2026-06-30Reads 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.
Several outlets published pieces noting a recent earnings beat and management commentary on operational discipline and compliance, highlighting special calls on topics such as quality management, compliance, Canadian distribution, Incoterms and denied party screening.
News · simplywall.st · 2026-10-13Multiple outlets ran headlines about Expeditors reaching a 52-week high and examined the company’s fundamentals and outlook in that context.
News · finance.yahoo.com · 2026-10-12Reads 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.
A director, Gulyas Diane H., reported a purchase of 1,400 shares valued at "$250k" on 2026-08-06; no trading plan is indicated in that filing.
Form 4 · Gulyas Diane H. (Director) · $250k code G · 2026-08-06Daniel R. Wall (President and CEO) reported a disposition of 644 shares valued at "$97k" on 2026-05-07 (Form 4 filing shows action code F); no trading plan is indicated in that filing.
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 model shows an implied free-cash-flow growth rate of 20.33% that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve‑month free cash flow is $816,878,000 and free cash flow per share is $6.2181.
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.
The claims jointly support a favorable operational and market momentum read: recent Form 10-Q and 10-K figures show meaningful year-over-year and sequential revenue and operating income growth (fundamentals-0, fundamentals-1) alongside rising diluted EPS (fundamentals-3) and a material reduction in diluted shares outstanding (fundamentals-4). Repurchase activity and strong cash generation reported in filings (fundamentals-5, filings-3, valuation-4) bolster free-cash-flow per share (valuation-1) and indicate capital return focus; these items are well-documented in primary filings and cash-flow metrics. Market signals show strong momentum, price above moving averages, low beta and significant institutional and ETF holdings (market-0, market-1, market-2, market-4, ownership-0, ownership-3), which together strengthen the observable market-interest case. While valuation multiples are elevated on trailing metrics (valuation-2, valuation-3), the model-implied FCF growth required to justify current price is reported (valuation-0), and the firm’s consistent buybacks and rising FCF per share provide context for why some investors might view those multiples as supported by company fundamentals.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
39 surviving claims rest on 19 distinct sources; the heaviest analyst carries 15% of them, and 97% of what the desk raised survived the debate.
The evidence set is moderately broad (19 distinct sources) but many surviving claims remain, and a single analyst is the largest contributor to the surviving claims — so some analyst-dependence is present. A very high survival rate through debate (97%) means the desk largely retained its initial reads; that increases confidence in internal consistency but also raises the risk that weakly challenged assumptions persisted.
Peer context · computed, not argued
12-1 momentum ranks 1st of 3 in Integrated Freight & Logistics (as of 2026-10-13).
90-day volatility ranks 3rd of 3 in Integrated Freight & Logistics (as of 2026-10-13).
dividend yield ranks 3rd of 3 in Integrated Freight & Logistics (as of 2026-10-13).
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.
11 filings· 2 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+0.8 to the score
10 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.6 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+0.7 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, with stated and inferred flags kept apart.
Read by Talbot−0.4 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.
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.
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