EXPD Tops Q4 Earnings & Revenue Estimates, Announces Buyback Program

Expeditors International of Washington’s EXPD fourth-quarter 2025 earnings of $1.49 per share beat the Zacks Consensus Estimate of $1.46. The bottom line decreased 11.3% year over year. Total revenues of $2.86  billion beat the Zacks Consensus Estimate of $2.8 billion but decreased 3.3% year over year due to weakness in ocean freight and services.

Airfreight tonnage volume increased 6% during the quarter, while ocean container volume decreased 6%. Operating income decreased 17% year over year to $251 million. Total operating expenses declined 1.5% year over year to $2.61 billion.

Expeditors International of Washington, Inc. Price, Consensus and EPS Surprise

Expeditors International of Washington, Inc. price-consensus-eps-surprise-chart | Expeditors International of Washington, Inc. Quote

Airfreight Services revenues increased 4.3% year over year to $1.1 billion in the fourth quarter of 2025, driven by growth of airfreight tonnage on exports, mainly from North and South Asia. Ocean freight and ocean services revenues plummeted 32.7% year over year to $611.4 million. Pricing volatility and lower volumes hurt segmental results. Customs Brokerage and other services revenues increased 15.5% year over year to $1.14 billion.

During the fourth quarter of 2025, EXPD rewarded its shareholders to the tune of $150 million through share buybacks. The transportation company returned $875 million to its shareholders through share repurchases and dividends in 2025. In a shareholder-friendly move, the company’s board approved a new $3 billion share repurchase program, which will take effect after the expiration of the current program

EXPD, currently carrying a Zacks Rank #3 (Hold), exited the fourth quarter with cash and cash equivalents of $1.31 billion compared with $1.15 billion at the end of 2024. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Q4 Performances of Other Transportation Companies

Delta Air Lines DAL reported fourth-quarter 2025 earnings (excluding 31 cents from non-recurring items) of $1.55 per share, which beat the Zacks Consensus Estimate of $1.53. Earnings decreased 16.22% on a year-over-year basis due to high labor costs.

Revenues in the December-end quarter were $16 billion, beating the Zacks Consensus Estimate of $15.63 billion and increasing 2.9% on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) increased 1.2% year over year to $14.6 billion. Revenue growth was impacted by about 2 points due to the government shutdown, mainly in the domestic segment, consistent with the company's disclosure last month.

J.B. Hunt Transport Services JBHT reported fourth-quarter 2025 earnings of $1.90 per share, which surpassed the Zacks Consensus Estimate of $1.81 and improved 24.2% year over year.

Total operating revenues of $3.09 billion fell short of the Zacks Consensus Estimate of $3.12 billion and decreased 1.6% year over year. JBHT’s fourth-quarter top-line performance was hurt by a 2% decrease and a 4% decline in revenue per load excluding fuel surcharge revenues in Intermodal (“JBI”) and Truckload (“JBT”).  

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This article originally published on Zacks Investment Research (zacks.com).

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