Expeditors International of Washington Inc (EXPD)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	752,883	1,357,400	1,415,490	696,140	590,395
Revenue	US$ in thousands	9,280,370	17,046,400	16,511,700	10,091,100	8,166,180
Net profit margin		8.11%	7.96%	8.57%	6.90%	7.23%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $752,883K ÷ $9,280,370K
= 8.11%

The net profit margin of Expeditors International Of Washington, Inc. has shown some fluctuations over the past five years. In 2023, the net profit margin was 8.10%, a slight increase from 7.95% in 2022. This indicates that the company was able to generate more profit relative to its revenue in 2023 compared to the previous year.

In 2021, the net profit margin was 8.57%, which was the highest among the five years presented. This indicates that in 2021, the company was able to convert a higher percentage of its revenue into profit compared to the other years.

In contrast, in 2020, the net profit margin was 6.88%, the lowest among the years presented. This suggests that in 2020, the company's profitability was relatively lower compared to the other years.

Overall, the trend in Expeditors International Of Washington, Inc.'s net profit margin shows some variability over the five-year period, with fluctuations seen from year to year. It is important for the company to continue monitoring and managing its profitability to ensure sustainable financial health in the long term.