Expeditors International of Washington, Inc. (EXPD)

Operating 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
Operating income (ttm)	US$ in thousands	1,041,323	939,617	854,162	878,740	939,933	1,070,241	1,381,095	1,638,580	1,824,371	2,118,194	2,080,908	1,985,571	1,909,326	1,567,608	1,329,916	1,166,897	940,437	838,966	793,571	738,146
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
Operating profit margin		9.82%	9.47%	9.37%	9.86%	10.11%	10.23%	10.93%	10.92%	10.69%	11.13%	10.96%	11.04%	11.56%	10.97%	10.79%	10.49%	9.57%	9.64%	9.41%	9.16%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,041,323K ÷ $10,600,510K
= 9.82%

Expeditors International of Washington, Inc.'s operating profit margin has shown some fluctuations over the past five years. It increased steadily from around 9.16% in March 2020 to a peak of 11.56% in December 2021. This upward trend indicates an improvement in the company's ability to control costs and generate profit from its core operations.

However, the operating profit margin started to fluctuate after December 2021, with some slight decreases and increases recorded in subsequent quarters. Despite these fluctuations, the company managed to maintain its operating profit margin above 10% for most of the periods observed, indicating a generally healthy level of profitability.

The operating profit margin dipped to 9.37% in June 2024 but then slightly recovered to 9.82% by December 2024. This suggests that the company may be facing some challenges in managing its operating expenses or there could be changes in revenue streams impacting profitability.

Overall, Expeditors International of Washington, Inc. has demonstrated a relatively stable operating profit margin performance, with some minor fluctuations over the years. Investors and stakeholders should continue to monitor the company's operational efficiency and cost management strategies to ensure sustained profitability in the future.