Q4 2025 Outlook

The consensus forecast for Q4 2025 projects earnings per share of $1.46, a 13.1% decline year‑over‑year, and revenues of $2.8 billion, a 5.4% contraction from the same quarter last year. For the full year 2025, revenues are projected at $11.01 billion, a 3.9% rise over 2024. Despite a strong Q3 earnings beat, the company’s ocean freight and services segment is expected to underperform in Q4, largely due to a supply‑demand imbalance. Expeditors’ exposure to China remains a risk factor, with weakening Trans‑Pacific demand and ongoing trade disputes dampening growth prospects.