---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003378"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:30:08.153383+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Expeditors Q4 2022 EPS $1.38, down 48% YoY; revenue down 36%

## Summary
- Diluted EPS $1.38, down 48% from $2.66 in Q4 2021; net earnings $219M, down 52%.
- Revenue $3.4B, down 36% YoY; operating income $330M, down 47%.
- Airfreight tonnage volume fell 20% and ocean container volume fell 15% YoY.
- CEO cites rapid rate decline and softer demand, especially in retail and high tech; short-term outlook uncertain.
- Company plans to align expenses with revenues and reduce costs over next one to two quarters.

## SEC filing metadata
- accession: 0000950170-23-003378
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746515/000095017023003378/0000950170-23-003378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017023003378/expd-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003378
- JSON: https://secwatch.observer/filing/0000950170-23-003378.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003378.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported financial results for fourth quarter 2022.
  - Period: fourth quarter 2022
  - Result: reported results
  source text: On February 21, 2023, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing December 31, 2022 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017023003378/0000950170-23-003378-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.