EXPDHIGH SIGNALFINANCIAL10-K

EXPD delivered exceptional growth with revenue increasing 284% to $6.9B and gross profit surging 292% to $1.8B, while significantly reducing interest expense and maintaining strong cash generation.

This represents transformational growth that far exceeds typical organic expansion, suggesting either major acquisitions, market share gains, or business model changes that have fundamentally altered EXPD's scale and profitability. The simultaneous improvement in margins and dramatic debt cost reduction indicates highly effective capital allocation and operational leverage.

Comparing 2026-02-25 vs 2025-02-21View on EDGAR →
FINANCIAL ANALYSIS

EXPD demonstrated extraordinary financial performance with revenue nearly quadrupling to $6.9B while gross profit grew even faster at 292% to $1.8B, indicating improving margins and operational efficiency. The company strengthened its balance sheet by reducing interest expense 79% to $4.8M while growing operating cash flow 39% to $1.0B and maintaining a solid cash position of $1.3B. Despite reducing share buybacks by 22% to $667M, the overall financial picture signals a company that has achieved transformational scale while improving profitability and capital efficiency.

FINANCIAL STATEMENT CHANGES
Gross Profit
P&L
+292.2%
$465.1M$1.8B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Revenue
P&L
+284%
$1.8B$6.9B

Strong top-line growth of 284% — accelerating demand or successful expansion into new markets.

Interest Expense
P&L
-79.4%
$23.3M$4.8M

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Operating Cash Flow
Cash Flow
+39.1%
$723.4M$1.0B

Operating cash flow surged 39.1% — exceptional cash generation, highest quality earnings signal.

Share Buybacks
Cash Flow
-22%
$855.1M$667.3M

Buyback activity reduced 22% — capital being redeployed elsewhere or cash conservation underway.

Cash & Equivalents
Balance Sheet
+14.5%
$1.1B$1.3B

Cash grew 14.5% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-21
ADDED
This Annual Report on Form 10-K contains information that may constitute forward-looking statements.
For additional information about forward-looking statements and for an identification of risk factors and their potential significance, see Cautionary Note Regarding Forward-Looking Statements immediately preceding Part II, Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations as well as Item 1A - "Risk Factors" in this report and those risk factors described from time to time in our future reports filed with the Securities and Exchange Commission.
The Company undertakes no obligation to update these statements in light of new information, subsequent events, developments or otherwise, except as required by law.
We receive fees for customer handling and ancillary services.
We also give customers visibility to the orders that they are moving, enabling them to ensure that their products get to the right location at the right time.
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REMOVED
Employer Identification Number) Sterling Plaza 2 , 3rd Floor 3545 Factoria Blvd.
For additional information about forward-looking statements and for an identification of risk factors and their potential significance, see Safe Harbor for Forward-Looking Statements Under Private Securities Litigation Reform Act of 1995; Certain Cautionary Statements immediately preceding Part II, Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations and Item 1A - "Risk Factors" in this report.
The Company undertakes no obligation to update these statements in light of subsequent events or developments.
We receive fees for customer handling and ancillary services and may also receive a commission from the carrier.
We strongly believe that it is nearly impossible to predict events that, individually or in the aggregate, could have a positive or a negative impact on our future operations.
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