Expeditors International of Washington, Inc. (EXPD)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,349,040	1,245,480	2,171,130	2,165,410	1,162,760
Revenue	US$ in thousands	10,600,500	9,300,110	17,071,300	16,523,500	9,584,390
Gross profit margin		12.73%	13.39%	12.72%	13.11%	12.13%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,349,040K ÷ $10,600,500K
= 12.73%

Expeditors International of Washington, Inc.'s gross profit margin has fluctuated over the past five years. The margin increased from 12.13% in December 31, 2020, to 13.11% in December 31, 2021, indicating improved profitability in the initial year. However, in December 31, 2022, the gross profit margin slightly decreased to 12.72%. It then showed a notable increase to 13.39% by the end of December 31, 2023, suggesting a recovery in profitability. Nevertheless, by December 31, 2024, the margin dropped to 12.73%, slightly lower than the previous year. Overall, while there have been fluctuations, Expeditors International of Washington, Inc. has managed to maintain gross profit margins above 12% during this period.