Expeditors International of Washington (EXPD) Financial History

We are regularly audited by tax authorities, including transfer pricing inquiries.

Expeditors is subject to income and non-income taxation in the United States (Federal, state and local) as well as many foreign tax jurisdictions including the People’s Republic of China, including Hong Kong, Taiwan,…

A significant portion of Expeditors' revenues is derived from customers in retail and technology industries whose shipping patterns are tied closely to consumer demand, as well as the scaling of AI infrastructure, and…

Under some of our agreements, we maintain and transport the inventory of our customers, some of which is classified as hazardous materials, dangerous goods or is high value in nature.

We face material risks associated with the handling, transporting, and storing of customer inventory including some products classified as hazardous materials, dangerous goods, and/or high value products.

As our employees, our customers and suppliers continue to increase reliance on systems, and as additional features are added, the risks also increase.

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Internal controls related to the operation of technology systems are critical to maintaining adequate internal control over financial reporting.

We identified material weaknesses in our internal control over financial reporting related to ineffective information technology general controls which, if not remediated appropriately or timely, could result in loss…

Management is required to assess the effectiveness of internal control over financial reporting and disclosure controls and procedures.

We are exposed to risks relating to evaluations of internal control over financial reporting and disclosure controls and procedures.

The United States has undertaken a substantial global tariff rebalancing effort, resulting in higher tariffs on imports, including significantly higher tariffs on goods made in China and sectoral tariffs on a range of…

The current volatile international trade environment as a result of intergovernmental disputes, trade actions, increased tariffs and other geo-political risks may adversely impact our business and operating results.