Expeditors International of Washington, Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Expeditors International of Washington, Inc. (EXPD). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States Segment | $2.78B 29.0% | $4.34B 26.3% · +56.5% | $4.87B 28.5% · +12.1% | $3.31B 35.6% · -32.0% | $3.25B 30.7% · -1.8% | $3.58B 32.4% · +10.2% |
| North Asia Segment | $3.43B 35.7% | $6.36B 38.5% · +85.8% | $5.81B 34.0% · -8.7% | $2.18B 23.4% · -62.5% | $2.93B 27.7% · +34.6% | $2.74B 24.7% · -6.7% |
| Europe Segment | $1.46B 15.2% | $2.26B 13.7% · +55.2% | $2.47B 14.5% · +9.4% | $1.81B 19.4% · -26.8% | $1.70B 16.0% · -6.0% | $1.83B 16.5% · +7.5% |
| South Asia Segment | $962.0M 10.0% | $2.05B 12.4% · +112.7% | $2.14B 12.6% · +4.8% | $865.3M 9.3% · -59.6% | $1.39B 13.1% · +60.8% | $1.56B 14.0% · +11.8% |
| Middle East Africa and India Segment | $486.3M 5.1% | $865.5M 5.2% · +78.0% | $1.01B 5.9% · +16.2% | $505.2M 5.4% · -49.8% | $683.2M 6.4% · +35.2% | $638.8M 5.8% · -6.5% |
| Other North America Segment | $325.9M 3.4% | $440.2M 2.7% · +35.1% | $517.7M 3.0% · +17.6% | $436.3M 4.7% · -15.7% | $429.3M 4.0% · -1.6% | $470.6M 4.2% · +9.6% |
| Latin America Segment | $156.2M 1.6% | $209.2M 1.3% · +33.9% | $257.7M 1.5% · +23.2% | $197.3M 2.1% · -23.4% | $215.0M 2.0% · +8.9% | $262.4M 2.4% · +22.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States Segment | $331.0M 11.9% | $833.6M 19.2% | $982.1M 20.2% | $463.8M 14.0% | $479.4M 14.7% | $520.2M 14.5% |
| North Asia Segment | $348.3M 10.2% | $551.7M 8.7% | $451.4M 7.8% | $207.7M 9.5% | $238.2M 8.1% | $217.1M 7.9% |
| Europe Segment | $87.5M 6.0% | $205.4M 9.1% | $129.8M 5.3% | $114.5M 6.3% | $112.6M 6.6% | $109.1M 6.0% |
| South Asia Segment | $101.7M 10.6% | $175.2M 8.6% | $154.2M 7.2% | $76.9M 8.9% | $102.2M 7.3% | $119.3M 7.7% |
| Middle East Africa and India Segment | $22.4M 4.6% | $46.6M 5.4% | $62.5M 6.2% | $43.6M 8.6% | $48.6M 7.1% | $35.8M 5.6% |
| Other North America Segment | $34.9M 10.7% | $71.2M 16.2% | $19.3M 3.7% | $23.0M 5.3% | $41.5M 9.7% | $29.2M 6.2% |
| Latin America Segment | $14.8M 9.5% | $25.4M 12.2% | $25.3M 9.8% | $10.4M 5.3% | $18.8M 8.7% | $21.8M 8.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Customs brokerage and other services | $2.97B 31.0% | $4.21B 25.5% · +41.7% | $4.64B 27.2% · +10.3% | $3.69B 39.7% · -20.5% | $3.78B 35.7% · +2.5% | $4.27B 38.6% · +12.9% |
| Airfreight services | $4.27B 44.6% | $6.77B 41.0% · +58.4% | $5.89B 34.5% · -13.1% | $3.25B 34.9% · -44.9% | $3.67B 34.6% · +13.0% | $3.98B 36.0% · +8.5% |
| Ocean freight and ocean services | $2.34B 24.4% | $5.55B 33.6% · +136.8% | $6.54B 38.3% · +18.0% | $2.36B 25.4% · -63.9% | $3.15B 29.7% · +33.2% | $2.81B 25.4% · -10.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.