---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016574"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:11:43.847018+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expeditors Q1 EPS $1.45, revenue -44% YoY; ocean volumes down 26%

## Summary
- Diluted EPS dropped 29% to $1.45; net earnings fell 35% to $226M.
- Revenue declined 44% to $2.6B amid softer demand; operating income down 40% to $276M.
- Airfreight tonnage -6% YoY; ocean container volume -26% YoY.
- Salaries and related costs decreased 17% on lower commissions and bonuses.
- Operating cash flow $546M; $213M returned via share repurchases in Q1.

## SEC filing metadata
- accession: 0000950170-23-016574
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746515/000095017023016574/0000950170-23-016574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017023016574/expd-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016574
- JSON: https://secwatch.observer/filing/0000950170-23-016574.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016574.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported financial results for first quarter 2023.
  - Period: first quarter 2023
  - Result: reported results
  source text: On May 2, 2023, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing March 31, 2023 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017023016574/0000950170-23-016574-index.htm

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