Expeditors International of Washington Inc (EXPD)

Operating 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
Operating income (ttm)	US$ in thousands	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	766,692	803,359	799,963	791,346
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
Operating profit margin		10.13%	10.26%	10.95%	10.94%	10.70%	11.14%	10.97%	11.04%	11.45%	10.84%	10.55%	10.08%	9.30%	9.33%	9.23%	9.16%	9.38%	9.60%	9.54%	9.53%

December 31, 2023 calculation

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

Expeditors International Of Washington, Inc.'s operating profit margin has demonstrated relative stability over the past eight quarters, ranging from 10.11% to 11.23%. The company's operating profit margin peaked at 11.23% in Q3 2022 and has since fluctuated within a narrow range. Despite minor variations, the operating profit margin has generally remained above 10%, indicating efficient cost management and profitability within the company's operations. The latest figure of 10.11% in Q4 2023 reflects a slight decrease compared to the previous quarter, but overall, the company has maintained a healthy level of operating profitability.