Expeditors International of Washington, Inc. (NYSE: EXPD) has authorized a new share repurchase program, allowing the repurchase of up to $3 billion of the company's common stock. This new authorization comes after the board approved a repurchase program on February 19, 2024, which permitted the repurchase of outstanding shares down to 130 million.
David A. Hackett, Senior Vice President and Chief Financial Officer, stated that their capital deployment strategy prioritizes investment in organic growth initiatives. He highlighted the company's capital-efficient business model and significant operating cash flows, indicating an expectation of substantial excess cash after making such investments. They plan to return this excess cash to shareholders in the form of dividends and share repurchases.
Expeditors International of Washington, Inc. is recognized as a 'dividend aristocrat' and aims to demonstrate its ability to return substantial cash to its owners through this share repurchase authorization.
As of the most recent data available, Expeditors International of Washington, Inc. reported a revenue of $10.27 billion for the fiscal year 2025, representing an increase of 24% from $8.28 billion in the previous year. The company also reported a net income of $1.56 billion for the fiscal year 2025, marking a significant rise from $1.09 billion in the prior year.
Moreover, the company's total assets grew to $6.49 billion in 2025 from $5.54 billion in 2024. Additionally, the total equity increased to $2.89 billion in 2025 from $2.57 billion in 2024.
Expeditors International of Washington, Inc. has consistently demonstrated a strong financial performance, with the latest share repurchase program being a strategic move to further enhance shareholder value and utilize its excess cash effectively. The market has reacted to these announcements by moving the company's shares -0.82% to a price of $162.41. For more information, read the company's full 8-K submission here.
