Expeditors International of Washington Inc (EXPD)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	752,883	813,440	1,056,296	1,237,301	1,357,399	1,590,955	1,535,814	1,474,381	1,415,492	1,161,280	993,519	861,016	696,140	634,846	603,760	573,040	590,395	632,279	634,750	622,206
Revenue (ttm)	US$ in thousands	9,280,370	10,434,340	12,608,090	14,972,040	17,046,400	19,014,300	18,971,410	17,977,190	16,670,430	14,455,080	12,600,620	11,572,160	10,116,480	8,992,230	8,602,290	8,057,240	8,175,430	8,366,090	8,382,180	8,304,160
Net profit margin		8.11%	7.80%	8.38%	8.26%	7.96%	8.37%	8.10%	8.20%	8.49%	8.03%	7.88%	7.44%	6.88%	7.06%	7.02%	7.11%	7.22%	7.56%	7.57%	7.49%

December 31, 2023 calculation

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

The net profit margin for Expeditors International Of Washington, Inc. has been relatively stable over the past eight quarters, ranging from 7.77% to 8.43%. The company's ability to generate profits relative to its revenue has been consistent, with fluctuations within a narrow range. This indicates that the company has been effectively managing its costs and expenses to maintain a healthy level of profitability. The slight variations in the net profit margin suggest that the company's performance has been relatively steady over the analyzed periods. Overall, the consistent net profit margin demonstrates Expeditors International Of Washington, Inc.'s ability to efficiently convert revenue into profit.