EXPD Expeditors International of Washington, Inc. Common Stock

NYSE · Logistics & Transportation · View on SEC EDGAR ↗
$189.14
Price · Aug 18, 2026
Fundamentals as of Aug 5, 2026

About Expeditors International of Washington, Inc. Common Stock Company overview from Wikipedia

Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.

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Expeditors International of Washington, Inc. (commonly referred to as Expeditors) is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.

As a service-based company, Expeditors does not own the aircraft, ships, or trucks used every day.

Financial information

Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD and were named to the NASDAQ-100 in 2002. In November 2023, Expeditors transferred the listing of its common stock to the New York Stock Exchange NYSE, keeping the same symbol "EXPD". During their first year as a public company, Expeditors reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors was #299 on the 2021 Fortune 500. Total revenues exceeded 10 billion ($10.116 billion) in 2021.

The company became known for its unusually candid written responses to analyst questions in SEC Form 8-K filings. Some commentators have suggested the filings were written personally by CEO Peter Rose, as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website. Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.

Compensation structure

Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report, "Each of the Company's branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive-based compensation calculated directly from the operating income of that branch. This compensation structure ensures that the allocation of revenue and expense among components of services [...] are done in an objective manner on a fair value basis."

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

EXPD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$189.13
Market Cap
$24.97B
P/E (TTM)
31.3
EPS (TTM)
$5.95
Revenue (TTM)
$11.07B
Div Yield
0.83%
ROE
35.4%
Debt/Equity
52W Range
$113 – $190

EXPD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $11.07B
3-point trend, +19.0%
2023-12-31 2025-12-31
EPS $5.95
3-point trend, +18.8%
2023-12-31 2025-12-31
Free Cash Flow $953M
3-point trend, -6.0%
2023-12-31 2025-12-31
Margins 7.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
EXPD
Peer Median
P/E (TTM)
3-point trend, -1.4%
31.3
26.2
P/S (TTM)
3-point trend, -8.4%
2.3
0.8
P/B
3-point trend, +10.6%
10.6
6.0
Price / FCF
3-point trend, +15.9%
26.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
EXPD
Peer Median
Operating Margin
3-point trend, -5.9%
9.5%
Net Profit Margin
3-point trend, -9.6%
7.3%
3.3%
ROA
3-point trend, +1.6%
16.8%
3.7%
ROE
3-point trend, +29.3%
35.4%
6.3%
ROIC
3-point trend, +13.9%
33.2%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
EXPD
Peer Median
Current Ratio
3-point trend, -10.1%
1.8
1.5
Quick Ratio
3-point trend, -9.9%
1.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
EXPD
Peer Median
Revenue YoY
3-point trend, +19.0%
4.4%
Revenue CAGR 3Y
3-point trend, +19.0%
-13.5%
Revenue CAGR 5Y
3-point trend, +19.0%
2.9%
EPS YoY
3-point trend, +18.8%
4.0%
Net Income YoY
3-point trend, +7.6%
0.03%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
EXPD
Peer Median
EPS (Diluted)
3-point trend, +18.8%
$5.95

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
EXPD
Peer Median
Payout Ratio
3-point trend, -4.6%
25.6%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.83%
Payout Ratio
25.6%
5Y Div CAGR
Ex-dateAmount
June 1, 2026$0.8100
Dec. 1, 2025$0.7700
June 2, 2025$0.7700
Dec. 2, 2024$0.7300
June 3, 2024$0.7300
Nov. 30, 2023$0.6900
May 31, 2023$0.6900
Nov. 30, 2022$0.6700
May 31, 2022$0.6700
Nov. 30, 2021$0.5800
May 28, 2021$0.5800
Nov. 30, 2020$0.5200
May 29, 2020$0.5200
Nov. 29, 2019$0.5000
May 31, 2019$0.5000
Nov. 30, 2018$0.4500
May 31, 2018$0.4500
Nov. 30, 2017$0.4200
May 30, 2017$0.4200
Nov. 29, 2016$0.4000

EXPD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 22 analysts
  • Strong Buy 1 4.5%
  • Buy 1 4.5%
  • Hold 12 54.5%
  • Sell 6 27.3%
  • Strong Sell 2 9.1%

12-Month Price Target

14 analysts · 2026-08-14
Median target $180.00 -4.8%
Mean target $177.71 -6.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.17%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.03 $1.72 0.31%
March 31, 2026 $1.71 $1.35 0.35%
Dec. 31, 2025 $1.49 $1.49 -0.00%
Sept. 30, 2025 $1.64 $1.43 0.21%
June 30, 2025 $1.34 $1.26 0.08%
March 31, 2025 $1.47 $1.40 0.07%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
EXPD $19.95B 25.0 4.4% 7.3% 35.4%
UPS 15.1 -2.6% 6.3% 33.8%
FDX 17.9 7.7% 4.7% 14.8%
CHRW $19.04B 33.3 -8.4% 3.6% 32.4%
GXO $6.03B 188.0 12.6% 0.24% 1.1%
HUBG 26.2 -6.1% 2.6% 6.3%
FWRD $783M -7.1 0.84% -4.3% -68.4%
AIRTP $52M 0.7 12.1% 23.8% 203.6%
AIRT $46M -7.6 1.8% -2.1% -790.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +68.6% $11.07B $10.60B $9.30B $17.07B $16.52B $9.58B $7.94B $8.14B $6.92B $6.10B $6.62B $6.56B
Operating Expenses 12-point trend, +67.8% $10.02B $9.56B $8.36B $15.25B $14.61B $8.64B $7.18B $7.34B $6.22B $5.43B $5.90B $5.97B
Operating Income 12-point trend, +77.0% $1.05B $1.04B $940M $1.82B $1.91B $940M $767M $797M $700M $670M $721M $595M
Interest Expense 4-point trend, +2091.8% · · $5M $23M $411.0K $219.0K · · · · · ·
Interest Income 12-point trend, +231.5% $36M $47M $70M $26M $9M $10M $23M $19M $13M $12M $10M $11M
Other Non-op 12-point trend, +6.1% $6M $7M $5M $-14M $7M $6M $6M $3M $5M $5M $5M $5M
Pretax Income 12-point trend, +79.1% $1.09B $1.09B $1.02B $1.84B $1.92B $957M $796M $818M $719M $687M $737M $611M
Income Tax 12-point trend, +21.9% $282M $283M $263M $475M $506M $258M $204M $199M $228M $254M $277M $231M
Net Income 12-point trend, +115.0% $810M $810M $753M $1.36B $1.42B $696M $590M $618M $489M $431M $457M $377M
EPS (Basic) 12-point trend, +210.9% $5.97 $5.75 $5.05 $8.33 $8.37 $4.14 $3.45 $3.55 $2.73 $2.38 $2.42 $1.92
EPS (Diluted) 12-point trend, +209.9% $5.95 $5.72 $5.01 $8.26 $8.27 $4.07 $3.39 $3.48 $2.69 $2.36 $2.40 $1.92
Shares (Basic) 12-point trend, -30.8% 135,810,000 140,992,000 149,141,000 163,010,000 169,145,000 168,333,000 170,899,000 174,133,000 179,247,000 181,282,000 188,941,000 196,147,000
Shares (Diluted) 12-point trend, -30.8% 136,249,000 141,722,000 150,186,000 164,427,000 171,250,000 170,896,000 174,209,000 177,833,000 181,666,000 182,704,000 190,223,000 196,768,000
EBITDA 12-point trend, +72.3% $1.11B $1.10B $1.01B $1.88B $1.96B $997M $818M $851M $750M $717M $767M $644M
Balance Sheet 21
Annual Balance Sheet data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +41.8% $1.31B $1.15B $1.51B $2.03B $1.73B $1.53B $1.23B $924M $1.05B $974M $808M $927M
Short-term Investments 2-point trend, -99.9% · · · · · · · · · · $40.0K $40M
Receivables 12-point trend, +63.6% $2.02B $2.00B $1.53B $2.11B $3.81B $2.00B $1.32B $1.58B $1.41B $1.19B $1.11B $1.24B
Prepaid Expense 12-point trend, +107.9% $136M $164M $171M $119M $109M $110M $93M $70M $76M $54M $56M $65M
Current Assets 12-point trend, +64.1% $3.76B $3.66B $3.44B $4.52B $6.64B $3.96B $2.77B $2.73B $2.54B $2.22B $1.98B $2.29B
PP&E (Net) 12-point trend, -14.2% $462M $449M $479M $502M $488M $506M $499M $504M $525M $537M $525M $538M
PP&E (Gross) 12-point trend, +22.3% $1.11B $1.06B $1.08B $1.07B $1.03B $1.02B $978M $951M $945M $943M $910M $910M
Accum. Depreciation 12-point trend, +75.1% $651M $616M $597M $568M $542M $517M $479M $447M $420M $407M $385M $372M
Goodwill Flat — no change across 12 periods $8M $8M $8M $8M $8M $8M $8M $8M $8M $8M $8M $8M
Total Assets 12-point trend, +70.5% $4.89B $4.75B $4.52B $5.59B $7.61B $4.93B $3.69B $3.31B $3.12B $2.79B $2.57B $2.87B
Accounts Payable 12-point trend, +45.9% $1.12B $1.04B $861M $1.11B $2.01B $1.14B $736M $902M $866M $727M $645M $770M
Accrued Liabilities 12-point trend, +132.8% $448M $452M $447M $479M $404M $257M $189M $216M $206M $186M $187M $192M
Current Liabilities 12-point trend, +110.7% $2.07B $2.07B $1.70B $2.05B $3.73B $1.89B $1.17B $1.33B $1.09B $930M $861M $984M
Capital Leases 8-point trend, +459698000.00 $460M $462M $428M $423M $386M $364M $326M $0 · · · ·
Deferred Tax 8-point trend, -80.0% $3M $0 · · · $7M $0 · $0 $14M $10M $15M
Common Stock 12-point trend, -30.1% $1M $1M $1M $2M $2M $2M $2M $2M $2M $2M $2M $2M
Paid-in Capital 5-point trend, +70.4% · · · · · · · $2M $546.0K $3M $31.0K $1M
Retained Earnings 12-point trend, +33.4% $2.54B $2.46B $2.58B $3.31B $3.62B $2.60B $2.32B $2.09B $2.06B $1.94B $1.77B $1.90B
Stockholders' Equity 12-point trend, +26.1% $2.36B $2.22B $2.39B $3.11B $3.49B $2.66B $2.20B $1.99B $1.99B $1.84B $1.69B $1.87B
Liabilities + Equity 12-point trend, +69.3% $4.89B $4.75B $4.52B $5.59B $7.61B $4.93B $3.69B $3.31B $3.12B $2.79B $2.57B $2.89B
Shares Outstanding 12-point trend, -30.1% 133,884,000 138,003,000 143,866,000 154,313,000 167,210,000 169,294,000 169,622,000 171,582,000 176,374,000 179,857,000 182,067,000 191,656,000
Cash Flow 15
Annual Cash Flow data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +15.2% $57M $61M $68M $57M $51M $57M $51M $54M $49M $47M $46M $49M
Stock-based Comp 12-point trend, +62.8% $69M $64M $58M $64M $69M $62M $62M $56M $51M $45M $43M $43M
Deferred Tax 12-point trend, -108.5% $-14M $-5M $-23M $-33M $-4M $8M $4M $-12M $-44M $16M $18M $-7M
Other Non-cash 12-point trend, +224.9% $84M $-207M $197M $684M $-664M $-169M $65M $-144M $-57M $-10M $63.0K $-67M
Operating Cash Flow 12-point trend, +154.8% $1.01B $723M $1.05B $2.13B $868M $655M $772M $573M $489M $529M $567M $395M
CapEx 12-point trend, +41.7% $53M $40M $39M $87M $36M $48M $47M $47M $95M $59M $44M $37M
Investing Cash Flow 12-point trend, +43.4% $-45M $-41M $-39M $-88M $-37M $-46M $-46M $-48M $-12M $-53M $-7M $-79M
Stock Repurchased 12-point trend, +21.2% $667M $855M $1.39B $1.58B $515M $332M $389M $648M $478M $338M $630M $551M
Net Stock Activity 12-point trend, -21.2% $-667M $-855M $-1.39B $-1.58B $-515M $-332M $-389M $-648M $-478M $-338M $-630M $-551M
Dividends Paid 12-point trend, +66.4% $207M $204M $202M $214M $196M $175M $171M $157M $150M $145M $136M $125M
Financing Cash Flow 12-point trend, -32.5% $-802M $-1.03B $-1.54B $-1.68B $-614M $-331M $-418M $-628M $-425M $-299M $-637M $-606M
Net Change in Cash 12-point trend, +151.8% $166M $-365M $-521M $305M $201M $297M $307M $-127M $77M $167M $-119M $-321M
Taxes Paid 12-point trend, +4.2% $265M $257M $356M $567M $443M $240M $222M $239M $250M $254M $239M $254M
Free Cash Flow 12-point trend, +166.7% $953M $683M $1.01B $2.04B $832M $607M $725M $525M $394M $470M $520M $357M
Levered FCF 2-point trend, -50.1% · · $1.01B $2.03B · · · · · · · ·
Profitability 7
Annual Profitability data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, +5.0% 9.5% 9.8% 10.1% 10.7% 11.6% 9.3% 9.4% 9.8% 10.1% 11.0% 10.9% 9.1%
Net Margin 12-point trend, +27.5% 7.3% 7.6% 8.1% 8.0% 8.6% 6.9% 7.2% 7.6% 7.1% 7.1% 6.9% 5.7%
Pretax Margin 12-point trend, +6.1% 9.9% 10.3% 10.9% 10.8% 11.7% 9.5% 9.7% 10.1% 10.4% 11.3% 11.1% 9.3%
EBITDA Margin 12-point trend, +2.1% 10.0% 10.4% 10.8% 11.0% 11.9% 9.9% 10.0% 10.4% 10.8% 11.8% 11.6% 9.8%
ROA 12-point trend, +29.6% 16.8% 16.3% 16.5% 22.3% 19.3% 15.0% 16.0% 18.6% 15.8% 15.4% 16.9% 13.0%
ROE 12-point trend, +85.6% 35.4% 35.1% 27.4% 41.1% 46.0% 28.7% 28.2% 31.1% 25.5% 24.4% 25.7% 19.1%
ROIC 12-point trend, +67.7% 33.2% 34.7% 29.1% 43.5% 40.3% 25.8% 26.0% 30.4% 24.0% 22.9% 26.6% 19.8%
Liquidity & Solvency 3
Annual Liquidity & Solvency data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -22.1% 1.8 1.8 2.0 2.2 1.8 2.1 2.4 2.1 2.3 2.4 2.3 2.3
Quick Ratio 12-point trend, -28.1% 1.6 1.5 1.8 2.0 1.5 1.9 2.2 1.9 2.3 2.3 2.2 2.2
Interest Coverage 2-point trend, +149.8% · · 195.8 78.4 · · · · · · · ·
Efficiency 2
Annual Efficiency data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +1.7% 2.3 2.1 2.0 2.8 2.3 2.2 2.2 2.4 2.2 2.2 2.4 2.3
Receivables Turnover 12-point trend, -3.1% 5.5 6.0 5.1 5.8 5.7 6.1 5.6 5.4 5.3 5.3 5.6 5.7
Per Share 6
Annual Per Share data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +80.5% $17.59 $16.11 $16.62 $20.15 $20.90 $15.71 $12.94 $11.58 $11.29 $10.26 $9.29 $9.75
Revenue / Share 12-point trend, +143.5% $81.24 $74.80 $61.92 $103.82 $96.49 $59.20 $46.93 $45.76 $38.10 $33.38 $34.78 $33.36
Cash Flow / Share 12-point trend, +268.0% $7.39 $5.10 $7.01 $12.95 $5.07 $3.83 $4.43 $3.22 $2.69 $2.90 $2.97 $2.01
Cash / Share 12-point trend, +102.9% $9.82 $8.32 $10.52 $13.18 $10.34 $9.02 $7.25 $5.38 $5.96 $5.42 $4.44 $4.84
Dividend Paid / Share 12-point trend, +140.6% $2 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1 $1
EPS (TTM) 12-point trend, +209.9% $5.95 $5.72 $5.01 $8.26 $8.27 $4.07 $3.39 $3.48 $2.69 $2.36 $2.40 $1.92
Growth Rates 10
Annual Growth Rates data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -93.9% 4.4% 14.0% -45.5% 3.3% 72.4% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -1245.0% -13.5% -13.8% -1.0% · · · · · · · · ·
Revenue CAGR 5Y 2.9% · · · · · · · · · · ·
EPS YoY 5-point trend, -96.1% 4.0% 14.2% -39.4% -0.12% 103.2% · · · · · · ·
EPS CAGR 3Y 3-point trend, -244.5% -10.4% -11.6% 7.2% · · · · · · · · ·
EPS CAGR 5Y 7.9% · · · · · · · · · · ·
Net Income YoY 5-point trend, -100.0% 0.03% 7.6% -44.5% -4.1% 103.3% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -696.2% -15.8% -17.0% 2.6% · · · · · · · · ·
Net Income CAGR 5Y 3.1% · · · · · · · · · · ·
Dividend CAGR 5Y 3.5% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for EXPD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +68.6% $11.07B $10.60B $9.30B $17.07B $16.52B $9.58B $7.94B $8.14B $6.92B $6.10B $6.62B $6.56B
Net Income TTM 12-point trend, +115.0% $810M $810M $753M $1.36B $1.42B $696M $590M $618M $489M $431M $457M $377M
Market Cap 12-point trend, +133.3% $19.95B $15.29B $18.30B $16.04B $22.45B $16.10B $13.23B $11.68B $11.41B $9.53B $8.21B $8.55B
P/E 12-point trend, +7.8% 25.0 19.4 25.4 12.6 16.2 23.4 23.0 19.6 24.0 22.4 18.8 23.2
P/S 12-point trend, +38.4% 1.8 1.4 2.0 0.9 1.4 1.7 1.7 1.4 1.6 1.6 1.2 1.3
P/B 12-point trend, +85.1% 8.5 6.9 7.7 5.2 6.4 6.1 6.0 5.9 5.7 5.2 4.9 4.6
P / Tangible Book 6-point trend, +39.9% 8.5 6.9 7.7 5.2 6.4 6.1 · · · · · ·
P / Cash Flow 12-point trend, -8.4% 19.8 21.1 17.4 7.5 25.9 24.6 17.1 20.4 23.3 18.0 14.5 21.6
P / FCF 12-point trend, -12.5% 20.9 22.4 18.0 7.8 27.0 26.5 18.3 22.2 29.0 20.3 15.8 23.9
Dividend Yield 12-point trend, -28.8% 1.0% 1.3% 1.1% 1.3% 0.87% 1.1% 1.3% 1.3% 1.3% 1.5% 1.7% 1.5%
Earnings Yield 12-point trend, -7.2% 4.0% 5.2% 3.9% 8.0% 6.2% 4.3% 4.3% 5.1% 4.2% 4.5% 5.3% 4.3%
Payout Ratio 12-point trend, -22.6% 25.6% 25.2% 26.8% 15.8% 13.8% 25.1% 28.9% 25.4% 30.8% 33.7% 29.7% 33.1%
Annual Payout 12-point trend, +66.4% $207M $204M $202M $214M $196M $175M $171M $157M $150M $145M $136M $125M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $11.07B$10.60B
Operating Margin % 9.5%9.8%
Net Income $810M$810M
Diluted EPS $5.95$5.72
Balance Sheet
2025-12-312025-06-302025-03-312024-12-312024-09-30
Current Ratio 1.81.8
Quick Ratio 1.61.5
Cash Flow
2025-12-312025-06-302025-03-312024-12-312024-09-30
Free Cash Flow $953M$683M

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Institutional owners (13F) 1,021 filers · $12.7B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
125 (+1 vs prior Q) 67 (-7 vs prior Q) 304 (-11 vs prior Q) 335 (+28 vs prior Q) +20.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $1,393,291,899 8,548,852 10.97% Shares
STATE STREET CORP $1,195,497,578 7,335,241 9.42% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,079,615,213 6,624,219 8.50% Shares
LOOMIS SAYLES & CO L P $785,273,924 4,818,223 6.19% Shares
GEODE CAPITAL MANAGEMENT, LLC $507,782,102 3,129,656 4.00% Shares
FIL Ltd $482,658,099 2,961,456 3.80% Shares
MARSHFIELD ASSOCIATES $253,265,083 1,553,964 1.99% Shares
DIMENSIONAL FUND ADVISORS LP $214,948,263 1,318,863 1.69% Shares
ENVESTNET ASSET MANAGEMENT INC $180,578,433 1,107,979 1.42% Shares
ProShare Advisors LLC $177,319,306 1,087,982 1.40% Shares
NORGES BANK $171,489,512 1,052,212 1.35% Shares
Caisse de depot et placement du Quebec $169,665,114 1,041,018 1.34% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $161,674,856 991,992 1.27% Shares
D. E. Shaw & Co., Inc. $124,565,614 764,300 0.98% Shares
VANGUARD FIDUCIARY TRUST CO $119,688,926 734,378 0.94% Shares
BANK OF AMERICA CORP /DE/ $110,480,231 677,876 0.87% Shares
CITADEL ADVISORS LLC $101,278,217 621,415 0.80% Shares
AMERICAN CENTURY COMPANIES INC $98,758,277 605,953 0.78% Shares
Balyasny Asset Management L.P. $97,682,552 599,353 0.77% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $95,927,909 588,587 0.76% Shares
Qube Research & Technologies Ltd $95,537,572 586,192 0.75% Shares
Allianz Asset Management GmbH $94,203,255 578,005 0.74% Shares
NORDEA INVESTMENT MANAGEMENT AB $84,160,867 519,993 0.66% Shares
BlackRock, Inc. $84,039,822 515,645 0.66% Shares
FMR LLC $82,454,850 505,920 0.65% Shares
1832 Asset Management L.P. $82,259,592 504,722 0.65% Shares
Camrose Capital Investment Partners LLP $77,496,175 475,495 0.61% Shares
WELLINGTON MANAGEMENT GROUP LLP $76,619,017 470,113 0.60% Shares
Summit Trail Advisors, LLC $74,359,305 456,248 0.59% Shares
Madison Asset Management, LLC $73,064,742 448,305 0.58% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $70,944,869 435,298 0.56% Shares
RAYMOND JAMES FINANCIAL INC $70,709,751 433,855 0.56% Shares
RENAISSANCE TECHNOLOGIES LLC $69,350,598 425,516 0.55% Shares
Life Cycle Investment Partners Ltd $67,993,463 417,189 0.54% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $66,958,214 410,837 0.53% Shares
GOLDMAN SACHS GROUP INC $66,394,140 407,376 0.52% Shares
ASSETMARK, INC $65,527,762 402,060 0.52% Shares
TD Asset Management Inc $65,458,961 401,638 0.52% Shares
SW Investment Management LLC $65,192,000 400,000 0.51% Shares
JONES FINANCIAL COMPANIES LLLP $61,265,187 381,168 0.48% Shares
Swiss National Bank $61,133,798 375,100 0.48% Shares
BNP PARIBAS FINANCIAL MARKETS $58,140,670 356,735 0.46% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $57,986,093 404,846 0.46% Shares
Sumitomo Mitsui Trust Group, Inc. $57,883,814 355,159 0.46% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $57,846,491 354,930 0.46% Shares
AQR CAPITAL MANAGEMENT LLC $57,267,394 354,949 0.45% Shares
RHUMBLINE ADVISERS $56,331,632 345,636 0.44% Shares
ROYAL BANK OF CANADA $55,787,000 342,294 0.44% Shares
Epoch Investment Partners, Inc. $55,287,216 339,227 0.44% Shares
Madison Investment Advisors, LLC $55,036,283 496,852 0.43% Shares
VICTORY CAPITAL MANAGEMENT INC $54,214,482 332,645 0.43% Shares
Broad Bay Capital Management, LP $53,433,156 327,851 0.42% Shares
California Public Employees Retirement System $50,062,404 307,169 0.39% Shares
ANCHOR CAPITAL ADVISORS LLC $49,868,000 305,976 0.39% Shares
Boston Partners $49,587,970 304,258 0.39% Shares
NOMURA ASSET MANAGEMENT CO LTD $49,421,240 303,235 0.39% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $46,451,065 324,311 0.37% Shares
Vanguard Global Advisers, LLC $46,013,654 282,327 0.36% Shares
BARCLAYS PLC $45,588,276 279,717 0.36% Shares
AMERIPRISE FINANCIAL INC $44,095,382 270,557 0.35% Shares
Boston Trust Walden Corp $43,769,377 268,557 0.34% Shares
VANGUARD ASSET MANAGEMENT, Ltd $42,051,285 258,015 0.33% Shares
CANADA PENSION PLAN INVESTMENT BOARD $40,001,811 245,440 0.32% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $39,967,611 268,221 0.31% Shares
Quantinno Capital Management LP $39,886,823 244,734 0.31% Shares
Point72 Asset Management, L.P. $39,197,505 240,505 0.31% Shares
Walleye Capital LLC $36,557,066 224,304 0.29% Shares
Tandem Investment Advisors, Inc. $35,857,392 220,011 0.28% Shares
Eurizon Capital SGR S.p.A. $33,032,106 202,718 0.26% Shares
PFA Pension, Forsikringsaktieselskab $32,749,171 200,940 0.26% Shares
Robeco Institutional Asset Management B.V. $32,663,146 200,412 0.26% Shares
EVERETT HARRIS & CO /CA/ $31,799,517 195,113 0.25% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $31,322,800 192,188 0.25% Shares
MORGAN STANLEY $30,379,239 186,398 0.24% Shares
BANK OF NOVA SCOTIA $30,378,820 186,396 0.24% Shares
FIRST TRUST ADVISORS LP $29,607,082 181,662 0.23% Shares
LPL Financial LLC $29,072,884 178,383 0.23% Shares
Arbejdsmarkedets Tillaegspension $28,423,712 174,400 0.22% Shares
Squarepoint Ops LLC $28,304,574 173,669 0.22% Shares
Aware Super Pty Ltd as trustee of Aware Super $28,224,550 173,178 0.22% Shares
Legal & General Group Plc $27,045,064 165,941 0.21% Shares
Pictet Asset Management Holding SA $26,607,261 163,259 0.21% Shares
L. Roy Papp & Associates, LLP $26,025,498 159,685 0.20% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $25,948,747 159,376 0.20% Shares
Douglas Lane & Associates, LLC $24,620,411 151,064 0.19% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $24,581,947 150,828 0.19% Shares
NATIXIS $24,230,074 148,669 0.19% Shares
CONFLUENCE INVESTMENT MANAGEMENT LLC $24,164,811 148,269 0.19% Shares
Holocene Advisors, LP $23,993,101 147,215 0.19% Shares
KLP KAPITALFORVALTNING AS $23,518,340 144,302 0.19% Shares
AVIVA PLC $22,858,923 140,256 0.18% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $22,579,249 138,540 0.18% Shares
CI INVESTMENTS INC. $22,147,515 135,891 0.17% Shares
ALLIANCEBERNSTEIN L.P. $21,230,696 148,228 0.17% Shares
US BANCORP \DE\ $20,863,559 128,013 0.16% Shares
Illinois Municipal Retirement Fund $20,398,414 125,159 0.16% Shares
NEW YORK STATE COMMON RETIREMENT FUND $19,830,917 121,677 0.16% Shares
HSBC HOLDINGS PLC $18,677,732 115,039 0.15% Shares
Schonfeld Strategic Advisors LLC $18,075,131 110,904 0.14% Shares
JLB & ASSOCIATES INC $17,411,153 106,830 0.14% Shares

Company insiders 48 insiders · 26 officers · 18 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Daniel R Wall President and CEO June 15, 2026 A 68,692 0 1 $-884,927
Jeffrey S Musser President and CEO Feb. 21, 2025 F 138,145 0 0 $0
Peter J Rose Chairman and CEO Nov. 14, 2013 M 9,464 0 0 $0
David A Hackett Senior VP - CFO June 15, 2026 A 548 0 0 $0
Bradley S Powell Senior VP - CFO June 16, 2025 A 12,340 0 0 $0
Roberto A Martinez President, Global Products June 15, 2026 A 4,062 0 0 $0
Kelly K Blacker President, Global Geographies June 15, 2026 A 18,208 0 0 $0
Blake R Bell President Global Business Dev June 15, 2026 A 62,993 0 0 $0
Richard H Rostan President - Global Geographies Dec. 15, 2023 A 89,729 0 0 $0
Eugene K Alger President Global Services Dec. 15, 2022 A 17,879 0 0 $0
Jordan R Gates President and COO July 23, 2015 M 425,378 0 0 $0
Robert L Villanueva President-The Americas Dec. 4, 2014 M 24,366 0 0 $0
Timothy C Barber President, Sales & Marketing June 4, 2014 S 204,676 0 0 $0
Gabe O Schoonover SVP - Global Ent Svc & CSO June 15, 2026 A 327 0 0 $0
Courtney A Hawkins Senior VP - CIO June 15, 2026 A 619 0 0 $0
Jeffrey F Dickerman Senior VP/Gen Counsel/Corp Sec June 15, 2026 A 10,367 0 1 $-201,255
Benjamin G. Clark SVP - Global Ent Svc & CSO June 16, 2025 A 22,593 0 0 $0
Christopher J. Mcclincy Senior VP - CIO June 17, 2024 A 24,234 0 0 $0
Philip M Coughlin Chief Strategy Officer Dec. 16, 2019 A 24,123 0 0 $0
Rosanne Esposito Executive VP-Global Customs Dec. 4, 2014 M 5,801 0 0 $0
Rommel C Saber Executive VP-Near/Middle East Sept. 12, 2014 M 297,640 0 0 $0
Jose Antonio Ubeda Executive VP-Air Cargo May 2, 2014 M 33,948 0 0 $0
Amy Jo Tangeman SVP,General Counsel &Secretary Dec. 12, 2013 M 13,741 0 0 $0
Charles J Lynch Senior VP-Corporate Controller Nov. 19, 2010 M 2,031 0 0 $0
Jean Claude Carcaillet Senior VP-Australasia Aug. 5, 2010 M 1,504 0 0 $0
Roger A Idiart Senior VP-Air Cargo June 11, 2009 M 58,984 0 0 $0
Olivia D Polius Director May 5, 2026 A 8,643 0 0 $0
Robert Paul Carlile Director May 5, 2026 A 10,351 0 1 $-301,275
James M. Dubois Director May 5, 2026 A 23,018 0 0 $0
Mark A Emmert Director May 5, 2026 A 7,774 0 2 $-1,227,516
Brandon Pedersen Director May 5, 2026 A 8,643 0 0 $0
Glenn M Alger Director May 5, 2026 G 198,238 0 0 $0
Liane J Pelletier Director May 5, 2026 A 40,282 0 0 $0
Robert R Wright Director Nov. 5, 2021 S 4,500 0 0 $0
Alain Monie Director May 21, 2019 G 9,269 0 0 $0
Richard B. Mccune Director May 20, 2019 A 17,629 0 0 $0
Tay Yoshitani Director May 20, 2018 A 24,431 0 0 $0
Dan Kourkoumelis Director May 20, 2017 A 59,750 0 0 $0
James L K Wang Director May 20, 2016 A 516,375 0 0 $0
John W Meisenbach Director April 27, 2016 M 140,328 0 0 $0
James J Casey Director May 6, 2009 D 89,493 0 0 $0
Diane H. Gulyas Aug. 6, 2026 G 23,141 0 0 $0
Michael J Malone March 10, 2017 S 15,402 0 0 $0
Sandy K Y Liu Aug. 13, 2008 M 0 0 0 $0
Jeffrey J King May 24, 2006 M 191,365 0 0 $0
Manfred L Amberger May 23, 2006 M 56,956 0 0 $0
David M Lincoln Feb. 25, 2005 S 81,556 0 0 $0
William J Coogan May 12, 2004 M 100,307 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 185 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SUPL · ProShares Trust 3.91% 573 NS May 31, 2026 N-PORT
IYT · iShares Trust 2.94% 368,002 SH Aug. 8, 2026 Daily
MVFD · Northern Lights Fund Trust IV 2.36% 16,196 NS May 31, 2026 N-PORT
UPGD · Invesco Exchange-Traded Fund Trust 2.10% 14,318 SH Aug. 8, 2026 Daily
TPOR · Direxion Shares ETF Trust 2.02% 2,461 NS April 30, 2026 N-PORT
BMVP · Invesco Exchange-Traded Fund Trust 1.87% 11,002 SH Aug. 8, 2026 Daily
NOBL · ProShares Trust 1.53% 1,074,446 NS May 31, 2026 N-PORT
KNG · First Trust Exchange-Traded Fund IV 1.43% 324,739 NS April 30, 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1.21% 73,255 SH Aug. 8, 2026 Daily
FEGE · RBB Fund Trust 1.05% 128,501 NS May 31, 2026 N-PORT
NUMV · Nushares ETF Trust 1.04% 30,238 NS April 30, 2026 N-PORT
SHPP · Pacer Funds Trust 0.95% 129 NS April 30, 2026 N-PORT
JOET · Virtus ETF Trust II 0.79% 12,629 NS April 30, 2026 N-PORT
AVMV · AMERICAN CENTURY ETF TRUST 0.67% 26,469 NS May 31, 2026 N-PORT
QLC · FlexShares Trust 0.52% 31,500 NS April 30, 2026 N-PORT
FXR · First Trust Exchange-Traded AlphaDE… 0.44% 20,804 NS April 30, 2026 N-PORT
DEUS · DBX ETF Trust 0.44% 7,557 NS May 29, 2026 N-PORT
QDEF · FlexShares Trust 0.44% 15,687 NS April 30, 2026 N-PORT
SUSA · iShares Trust 0.44% 101,006 SH Aug. 8, 2026 Daily
SMIZ · Zacks Trust 0.42% 6,837 NS May 31, 2026 N-PORT
EVUS · iShares Trust 0.41% 8,603 SH Aug. 8, 2026 Daily
AVLV · AMERICAN CENTURY ETF TRUST 0.40% 323,227 NS May 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.37% 840,164 SH Aug. 8, 2026 Daily
FQAL · FIDELITY COVINGTON TRUST 0.35% 32,529 NS April 30, 2026 N-PORT
ESUM · Strategy Shares 0.35% 3,656 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 0.32% 290 NS April 30, 2026 N-PORT
COWZ · Pacer Funds Trust 0.32% 389,928 NS April 30, 2026 N-PORT
QQWZ · Pacer Funds Trust 0.32% 996 NS April 30, 2026 N-PORT
FBCV · FIDELITY COVINGTON TRUST 0.31% 3,357 NS April 30, 2026 N-PORT
ESLV · Strategy Shares 0.29% 234 NS April 30, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.29% 161,481 SH Aug. 8, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 0.28% 39,757 NS April 30, 2026 N-PORT
IYJ · iShares Trust 0.28% 30,094 SH Aug. 8, 2026 Daily
AVMC · AMERICAN CENTURY ETF TRUST 0.27% 6,937 NS May 31, 2026 N-PORT
SPHQ · Invesco Exchange-Traded Fund Trust 0.26% 285,190 SH Aug. 8, 2026 Daily
AFLG · First Trust Exchange-Traded Fund VI… 0.26% 10,551 NS May 31, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 0.26% 941 NS April 30, 2026 N-PORT
BFOR · ALPS ETF Trust 0.25% 3,454 NS May 31, 2026 N-PORT
UXI · ProShares Trust 0.25% 443 NS May 31, 2026 N-PORT
DFVE · DoubleLine ETF Trust 0.24% 463 NS March 31, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.24% 9,631 NS April 30, 2026 N-PORT
REVS · Columbia ETF Trust I 0.23% 4,422 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.23% 199,890 SH Aug. 8, 2026 Daily
OASC · Unified Series Trust 0.22% 1,196 NS May 31, 2026 N-PORT
EXI · iShares Trust 0.22% 18,416 SH Aug. 8, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.21% 2,834,503 SH Aug. 8, 2026 Daily
SIZE · iShares Trust 0.21% 5,127 SH Aug. 8, 2026 Daily
GSEW · Goldman Sachs ETF Trust 0.21% 23,056 NS May 31, 2026 N-PORT
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.20% 102,809 NS April 30, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.20% 1,126,759 SH Aug. 8, 2026 Daily