---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054162"
form_type: "8-K"
ticker: "EXPD"
cik: "0000746515"
company_name: "EXPEDITORS INTERNATIONAL OF WASHINGTON INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:17:13.894732+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Expeditors Q1 EPS $1.17 (-19% YoY); revenue down 15% to $2.2B

## Summary
- Net earnings attributable to shareholders fell 25% to $169M; operating income down 22% to $215M.
- Revenue decreased 15% to $2.2B; airfreight tonnage up 4% YoY, ocean container volume up 2%.
- CEO cites broad marketplace reset with growing carrier capacity and falling rates, impacting profitability.
- Global conflicts, inflation, and uncertain demand continue to pressure the freight market.

## SEC filing metadata
- accession: 0000950170-24-054162
- form_type: 8-K
- ticker: EXPD
- cik: 0000746515
- company_name: EXPEDITORS INTERNATIONAL OF WASHINGTON INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746515/000095017024054162/0000950170-24-054162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746515/000095017024054162/expd-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054162
- JSON: https://secwatch.observer/filing/0000950170-24-054162.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054162.txt

## Key facts
- Earnings Releases
  EXPEDITORS INTERNATIONAL OF WASHINGTON INC reported first quarter 2024 results: revenue $2.2 billion, net income $169 million, EPS $1.17.
  - Period: first quarter 2024
  - Revenue: $2.2 billion
  - Net income: $169 million
  - EPS: $1.17
  - Result: reported results
  source text: Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2024 financial results including the following comparisons to the same quarter of 2023: • Diluted Net Earnings Attributable to Shareholders per share (EPS 1 ) decreased 19% to $1.17 • Net Earnings Attributable to Shareholders decreased 25% to $169 million • Operating Income decreased 22% to $215 million • Revenues decreased 15% to $2.2 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/746515/000095017024054162/0000950170-24-054162-index.htm

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