Risk factors
Expeditors International of Washington (EXPD) risk factors
Item 1A of every Expeditors International of Washington Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors20 risks2 new1 dropped3 reworded
Trade friction with China poses direct revenue risks, as China and Hong Kong exports generated 19% of revenues in 2025. Internal control risk shifted from past weaknesses to general evaluation and IT system uncertainty. Tax disclosures now explicitly incorporate the U.S. 2025 Tax Act alongside OECD Pillar Two minimums.
Filed Feb 25, 2026 - FY2024 10-K risk factors19 risks
Expeditors relies heavily on third-party air, ocean, and ground carriers for non-asset-based global logistics operations.
Filed Feb 21, 2025