Expeditors International of Washington Inc (EXPD)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	939,933	1,824,370	1,909,330	940,437	766,692
Revenue	US$ in thousands	9,280,370	17,046,400	16,511,700	10,091,100	8,166,180
Operating profit margin		10.13%	10.70%	11.56%	9.32%	9.39%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $939,933K ÷ $9,280,370K
= 10.13%

The operating profit margin of Expeditors International Of Washington, Inc. has shown some fluctuations over the past five years. In 2023, the operating profit margin was 10.11%, a slight decrease from 10.69% in 2022. This decline could indicate potential challenges in controlling operating expenses relative to revenue generation during the most recent year.

Comparing the 2023 operating profit margin to earlier years, we observe that it is lower than the 11.56% reported in 2021 but higher than both 2020 and 2019, which stood at 9.30% and 9.38%, respectively.

The fluctuation in operating profit margins over the five-year period suggests that Expeditors International Of Washington, Inc. may have experienced variability in managing its operating costs and revenue generation efficiency. This could indicate shifts in the competitive landscape, changes in the cost structure, or alterations in sales volumes affecting the overall profitability of the company. Additional analysis of the company's operational efficiency and cost management strategies would be required to fully understand the factors driving these fluctuations in the operating profit margin.