---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-039550"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:16:34.589506+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Expeditors Q2 2023 EPS $1.30, down 43% YoY; revenue falls 51% to $2.2B

## Summary
- Diluted EPS $1.30, down 43% YoY; net earnings $197M, down 48% YoY.
- Revenue $2.2B and operating income $248M each down 51% YoY.
- Airfreight tonnage -15%, ocean container -13%; capacity exceeds demand and rates falling.
- Management continues to reduce headcount and align costs; expects weak conditions through year-end.

## SEC filing metadata
- accession: 0000950170-23-039550
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2023-08-08T23:59:59+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/746515/000095017023039550/0000950170-23-039550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/expd-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-039550
- JSON: https://secwatch.observer/filing/0000950170-23-039550.json
- Plain text: https://secwatch.observer/filing/0000950170-23-039550.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported second quarter 2023 results: revenue $2.2 billion, net income $197 million, EPS $1.30.
  - Period: second quarter 2023
  - Revenue: $2.2 billion
  - Net income: $197 million
  - EPS: $1.30
  - Result: reported results
  source text: Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced second quarter 2023 financial results including the following comparisons to the same quarter of 2022: • Diluted Net Earnings Attributable to Shareholders per share (EPS 1 ) decreased 43% to $1.30 • Net Earnings Attributable to Shareholders decreased 48% to $197 million • Operating Income decreased 51% to $248 million • Revenues decreased 51% to $2.2 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017023039550/0000950170-23-039550-index.htm

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