Expeditors International of Washington, Inc. (EXPD)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	1,349,040	1,236,509	1,158,839	1,178,553	1,245,476	1,407,303	1,706,542	1,976,532	2,171,130	2,432,602	2,386,649	2,269,592	2,165,412	1,810,496	1,558,250	1,386,017	1,162,765	1,058,654	1,019,875	972,645
Revenue (ttm)	US$ in thousands	10,600,510	9,923,580	9,113,450	8,914,200	9,300,110	10,463,870	12,636,020	14,999,580	17,071,290	19,026,100	18,983,210	17,988,990	16,523,510	14,296,360	12,325,810	11,127,800	9,830,840	8,706,590	8,432,740	8,057,240
Gross profit margin		12.73%	12.46%	12.72%	13.22%	13.39%	13.45%	13.51%	13.18%	12.72%	12.79%	12.57%	12.62%	13.11%	12.66%	12.64%	12.46%	11.83%	12.16%	12.09%	12.07%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,349,040K ÷ $10,600,510K
= 12.73%

Expeditors International of Washington, Inc. has shown a fluctuating trend in its gross profit margin over the analyzed periods, ranging from a low of 11.83% in December 2020 to a high of 13.51% in June 2023. Despite some variability, there seems to be an overall increasing pattern in the gross profit margin from 2020 to 2023, where it peaked. However, in the latter part of the data set, there was a slight decline in the margin, ending at 12.73% in December 2024.

It is essential to note that a rising gross profit margin can indicate improved efficiency in managing production costs and pricing strategies, leading to increased profitability. On the other hand, a declining trend may suggest challenges such as higher production costs or pricing pressures. Therefore, continued monitoring of the gross profit margin is crucial for assessing Expeditors International of Washington, Inc.'s operational performance and competitiveness in the market.