Expeditors Reports Q2 Growth Amid Industry Headwinds

Expeditors International of Washington reported strong second-quarter 2025 results, with earnings per share of $1.34 and revenue of $2.65 billion, both exceeding analysts' expectations and representing nearly 8% year-over-year growth. Operating income increased 11% to $248 million, while airfreight tonnage and ocean container volumes each rose 7%. Higher customs brokerage fees were driven by companies importing ahead of new U.S. tariffs and managing complex trade policies. Despite these gains, Expeditors' five-year annualized revenue growth was 6%, and revenue has declined over the past two years due to industry cyclicality. The company returned $335 million to shareholders through dividends and share buybacks during the quarter. Leadership remains cautious, citing ongoing market volatility, and is focusing on efficiency, customer service, and cost management to address future challenges.