Expeditors International of Washington, Inc. (EXPD)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	810,073	752,883	1,357,400	1,415,490	696,140
Total stockholders’ equity	US$ in thousands	2,223,010	2,390,350	3,110,020	3,494,430	2,659,640
ROE		36.44%	31.50%	43.65%	40.51%	26.17%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $810,073K ÷ $2,223,010K
= 36.44%

The return on equity (ROE) of Expeditors International of Washington, Inc. has shown a generally positive trend over the years, reflecting the company's ability to generate profit from shareholders' equity.

Starting at 26.17% on December 31, 2020, the ROE increased to 40.51% by the end of 2021, signaling significant improvement in the company's profitability relative to its equity base. The positive momentum continued, reaching 43.65% by December 31, 2022, indicating efficient utilization of shareholder funds to generate returns.

However, there was a slight decline in ROE to 31.50% by the end of 2023, suggesting a potential slowdown in profitability relative to equity. Despite this dip, the ROE rebounded to 36.44% by December 31, 2024, indicating a recovery in the company's ability to generate profits per unit of shareholder equity.

Overall, Expeditors International of Washington, Inc. has demonstrated a strong ROE performance over the years, with fluctuations possibly influenced by various internal and external factors affecting the company's profitability and efficiency in leveraging equity to generate returns for shareholders.