---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059900"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:11:57.519017+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Expeditors Q3 EPS $1.16 (-54% YoY), revenue down 50% on soft demand and rates

## Summary
- Diluted EPS of $1.16, down 54% from $2.52 in Q3 2022; net earnings $171M (-59%).
- Revenue fell 50% to $2.2B; operating income $216M (-59%).
- Airfreight tonnage volume -14% YoY; ocean container volume -15% YoY.
- CEO cites 'great unwinding' of pandemic-driven demand; rates remain soft with capacity exceeding demand.
- Company managing headcount and costs amid uncertain economic and geopolitical outlook.

## SEC filing metadata
- accession: 0000950170-23-059900
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2023-11-07T23:59:59+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/746515/000095017023059900/0000950170-23-059900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017023059900/expd-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059900
- JSON: https://secwatch.observer/filing/0000950170-23-059900.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059900.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported third quarter 2023 results: revenue $2.2 billion, net income $171 million, EPS $1.16.
  - Period: third quarter 2023
  - Revenue: $2.2 billion
  - Net income: $171 million
  - EPS: $1.16
  - Result: reported results
  source text: Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced third 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 54% to $1.16 • Net Earnings Attributable to Shareholders decreased 59% to $171 million • Operating Income decreased 59% to $216 million • Revenues decreased 50% to $2.2 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017023059900/0000950170-23-059900-index.htm

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