Expeditors International

Historically the company favors organic growth, modest capex focused on IT and facilities, and returning surplus cash.

In 2025 Expeditors repurchased 5.6 million shares at an average price of 118.01 dollars and paid 1.54 dollars per share in dividends; a new 3 billion dollar repurchase authorization was approved on February 23, 2026. Stock compensation expense was 69 million dollars in 2025 and diluted weighted shares declined to 136.2 million, evidencing net anti‑dilution.

Acquisition discipline and incented, decentralized operators support consistent returns on equity in the 30 percent range.