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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Item 402(v) of Regulation S-K, we are providing the following information to explain the annual Compensation Actually Paid (CAP) of our principal executive officer (CEO); the average CAP of the other NEO; the Company’s cumulative total shareholder return (TSR); TSR for our self-selected peer group (the Dow Jones Transportation Index); Net Income; and that financial performance measure that we have determined most directly links operational performance to compensation actually paid to the our NEOs for the most recently completed fiscal year (Operating Income).

CAP, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our executive officers during a covered year due to the impact of long-term incentive compensation within our pay program.

The following tables set forth information regarding CEO and average other NEO CAP versus financial and operational performance for the last five years; the measures that we deem to be most important when determining executive compensation; and a comparison of CAP to the CEO and the average CAP to the other NEO versus TSR for our Company and our select peer group and our Company’s Net Income and Operating Income:


					Value of Initial Fixed $100 Investment Based On:			Company- Selected Measure (CSM)
Year	Summary Compensation Table Total for CEO (1)	Compensation Actually Paid to CEO (1)(2)(5)(6)(7)	Average Summary Compensation Table Total for Other NEOs (3)	Average Compensation Actually Paid to Other NEOs (2)(3)(5)(6)(7)(8)	Total Shareholder Return (4)	Peer Group: Dow Jones Transportation Average Index Total Shareholder Return (4)	Net Income ($000)	Operating Income ($000)
2024	$8,083,891	$8,323,770	$4,547,226	$4,708,841	$150.42	$156.33	$811,633	$1,041,323
2023	$7,453,361	$7,847,316	$4,151,877	$4,333,992	$170.68	$154.05	$751,779	$939,933
2022	$10,833,047	$8,783,033	$6,675,790	$5,871,073	$137.78	$127.86	$1,360,605	$1,824,371
2021	$13,026,304	$17,822,709	$8,197,868	$10,080,541	$175.94	$155.22	$1,418,845	$1,909,326
2020	$7,405,851	$11,306,974	$4,440,906	$5,523,104	$123.45	$116.52	$698,214	$940,437

(1)

Mr. Jeffrey S. Musser was the CEO in all years presented.

(2)

SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid (CAP) amounts include total compensation per the Summary Compensation Table, less grant date fair value of PSUs and RSUs, plus the change in fair value of equity awards during the current year. The following table details these adjustments.

(3)

In 2024, the other NEOs were Daniel R. Wall, Blake R. Bell, Kelly K. Blacker, and Bradley S. Powell. In 2023, the other NEOs were Daniel R. Wall, Richard H. Rostan, Blake R. Bell, and Bradley S. Powell. In 2020, 2021 and 2022, the other NEOs were Eugene K. Alger, Daniel R. Wall, Richard H. Rostan, and Bradley S. Powell.

(4)

Total Shareholder Return is determined based on the value of initial fixed investment of $100. The Peer Group Total Shareholder Return uses the Dow Jones Transportation Average.

(5)

At year-end 2020, PSUs granted in 2018 and 2020 were remeasured assuming achievement of maximum performance criteria for purposes of CAP compared to target at grant date.

(6)

At year-end 2021, PSUs granted in 2019 were remeasured assuming achievement of maximum performance criteria for purposes of CAP compared to target at grant date.

(7)

At year-end 2023, PSUs granted in 2022 were remeasured assuming threshold performance criteria will not be achieved for purposes of CAP compared to target at grant date.

(8)

At year-end 2024, PSUs granted in 2023 were remeasured assuming performance between target and maximum performance criteria for purposes of Cap compared to target at grant date. PSUs granted in 2022 were remeasured assuming threshold performance will be achieved for purposes of CAP compared to target at grant date.


Year	Executive(s)	Summary Compensation Table Total	Subtract Stock Awards	Add Year-End Equity Value of Current Year Awards	Change in Value of Prior Equity Awards	Add Change in Value of Vested Equity Awards	Subtract Value of Equity Awards that Failed to Meet Vesting Conditions	Compensation Actually Paid
2024	CEO	$8,083,891	(2,895,480)	2,825,300	276,887	33,172	—	$8,323,770
	Other NEO	$4,547,226	(1,571,832)	1,533,721	199,091	635	—	$4,708,841
2023	CEO	$7,453,361	(2,895,774)	3,289,646	(1,142,315)	1,142,398	—	$7,847,316
	Other NEO	$4,151,877	(1,337,648)	1,372,615	(373,823)	520,971	—	$4,333,992
2022	CEO	$10,833,047	(2,895,962)	2,970,034	(784,213)	(1,339,873)	—	$8,783,033
	Other NEO	$6,675,790	(1,136,182)	1,015,272	(307,877)	(375,930)	—	$5,871,073
2021	CEO	$13,026,304	(2,896,946)	3,448,567	2,027,805	2,216,979	—	$17,822,709
	Other NEO	$8,197,868	(1,136,891)	1,353,375	796,050	870,139	—	$10,080,541
2020	CEO	$7,405,851	(2,406,138)	4,769,250	622,974	915,037	—	$11,306,974
	Other NEO	$4,440,906	(944,456)	1,871,983	244,461	(89,790)	—	$5,523,104

Company Selected Measure Name

Operating Income

Named Executive Officers, Footnote

(1)

Mr. Jeffrey S. Musser was the CEO in all years presented.

(3)

Peer Group Issuers, Footnote

Total Shareholder Return is determined based on the value of initial fixed investment of $100. The Peer Group Total Shareholder Return uses the Dow Jones Transportation Average.

PEO Total Compensation Amount

$ 8,083,891

$ 7,453,361

$ 10,833,047

$ 13,026,304

$ 7,405,851

PEO Actually Paid Compensation Amount

$ 8,323,770

7,847,316

8,783,033

17,822,709

11,306,974

Adjustment To PEO Compensation, Footnote

(2)


Year	Executive(s)	Summary Compensation Table Total	Subtract Stock Awards	Add Year-End Equity Value of Current Year Awards	Change in Value of Prior Equity Awards	Add Change in Value of Vested Equity Awards	Subtract Value of Equity Awards that Failed to Meet Vesting Conditions	Compensation Actually Paid
2024	CEO	$8,083,891	(2,895,480)	2,825,300	276,887	33,172	—	$8,323,770
	Other NEO	$4,547,226	(1,571,832)	1,533,721	199,091	635	—	$4,708,841
2023	CEO	$7,453,361	(2,895,774)	3,289,646	(1,142,315)	1,142,398	—	$7,847,316
	Other NEO	$4,151,877	(1,337,648)	1,372,615	(373,823)	520,971	—	$4,333,992
2022	CEO	$10,833,047	(2,895,962)	2,970,034	(784,213)	(1,339,873)	—	$8,783,033
	Other NEO	$6,675,790	(1,136,182)	1,015,272	(307,877)	(375,930)	—	$5,871,073
2021	CEO	$13,026,304	(2,896,946)	3,448,567	2,027,805	2,216,979	—	$17,822,709
	Other NEO	$8,197,868	(1,136,891)	1,353,375	796,050	870,139	—	$10,080,541
2020	CEO	$7,405,851	(2,406,138)	4,769,250	622,974	915,037	—	$11,306,974
	Other NEO	$4,440,906	(944,456)	1,871,983	244,461	(89,790)	—	$5,523,104

Non-PEO NEO Average Total Compensation Amount

$ 4,547,226

4,151,877

6,675,790

8,197,868

4,440,906

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,708,841

4,333,992

5,871,073

10,080,541

5,523,104

Adjustment to Non-PEO NEO Compensation Footnote


Year	Executive(s)	Summary Compensation Table Total	Subtract Stock Awards	Add Year-End Equity Value of Current Year Awards	Change in Value of Prior Equity Awards	Add Change in Value of Vested Equity Awards	Subtract Value of Equity Awards that Failed to Meet Vesting Conditions	Compensation Actually Paid
2024	CEO	$8,083,891	(2,895,480)	2,825,300	276,887	33,172	—	$8,323,770
	Other NEO	$4,547,226	(1,571,832)	1,533,721	199,091	635	—	$4,708,841
2023	CEO	$7,453,361	(2,895,774)	3,289,646	(1,142,315)	1,142,398	—	$7,847,316
	Other NEO	$4,151,877	(1,337,648)	1,372,615	(373,823)	520,971	—	$4,333,992
2022	CEO	$10,833,047	(2,895,962)	2,970,034	(784,213)	(1,339,873)	—	$8,783,033
	Other NEO	$6,675,790	(1,136,182)	1,015,272	(307,877)	(375,930)	—	$5,871,073
2021	CEO	$13,026,304	(2,896,946)	3,448,567	2,027,805	2,216,979	—	$17,822,709
	Other NEO	$8,197,868	(1,136,891)	1,353,375	796,050	870,139	—	$10,080,541
2020	CEO	$7,405,851	(2,406,138)	4,769,250	622,974	915,037	—	$11,306,974
	Other NEO	$4,440,906	(944,456)	1,871,983	244,461	(89,790)	—	$5,523,104

Equity Valuation Assumption Difference, Footnote

(5)

At year-end 2020, PSUs granted in 2018 and 2020 were remeasured assuming achievement of maximum performance criteria for purposes of CAP compared to target at grant date.

(6)

At year-end 2021, PSUs granted in 2019 were remeasured assuming achievement of maximum performance criteria for purposes of CAP compared to target at grant date.

(7)

At year-end 2023, PSUs granted in 2022 were remeasured assuming threshold performance criteria will not be achieved for purposes of CAP compared to target at grant date.

(8)

Compensation Actually Paid vs. Total Shareholder Return

The following chart presents the relationship between CAP paid to the CEO and the average of other NEO and Total Shareholder Return.

vs TSR Alignment

The graph compares Expeditors International of Washington, Inc.'s cumulative 5-Year total shareholder return on common stock with the Dow Jones Transportation Average. The graph assumes an initial fixed investment of $100 in our common stock and in the index at the beginning of the period presented. Total return assumes reinvestment of dividends in the index.

Compensation Actually Paid vs. Net Income

The following chart presents the relationship between Compensation Actually Paid to the CEO and the average of other NEO and Operating Income and Net Income.

Compensation Actually Paid vs. Company Selected Measure

The following chart presents the relationship between Compensation Actually Paid to the CEO and the average of other NEO and Operating Income and Net Income.

Total Shareholder Return Vs Peer Group

The following chart presents the relationship between CAP paid to the CEO and the average of other NEO and Total Shareholder Return.

vs TSR Alignment

Tabular List, Table

We consider the following to be the most important financial performance measures the Company uses to link executive compensation to Company performance.

      Most Important Performance Measures
for Determining Executive Compensation

      Operating Income

     

      Earnings per Share

     

      Net Revenues (non-GAAP)

     

Total Shareholder Return Amount

$ 150.42

170.68

137.78

175.94

123.45

Peer Group Total Shareholder Return Amount

156.33

154.05

127.86

155.22

116.52

Net Income (Loss)

$ 811,633,000

$ 751,779,000

$ 1,360,605,000

$ 1,418,845,000

$ 698,214,000

Company Selected Measure Amount

1,041,323,000

939,933,000

1,824,371,000

1,909,326,000

940,437,000

PEO Name

Mr. Jeffrey S. Musser

Measure:: 1

Pay vs Performance Disclosure

Name

Operating Income

Measure:: 2

Pay vs Performance Disclosure

Name

Earnings per Share

Measure:: 3

Pay vs Performance Disclosure

Name

Net Revenues (non-GAAP)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (2,895,480)

$ (2,895,774)

$ (2,895,962)

$ (2,896,946)

$ (2,406,138)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,825,300

3,289,646

2,970,034

3,448,567

4,769,250

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

276,887

(1,142,315)

(784,213)

2,027,805

622,974

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

33,172

1,142,398

(1,339,873)

2,216,979

915,037

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,571,832)

(1,337,648)

(1,136,182)

(1,136,891)

(944,456)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,533,721

1,372,615

1,015,272

1,353,375

1,871,983

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

199,091

(373,823)

(307,877)

796,050

244,461

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

635

520,971

(375,930)

870,139

(89,790)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0