Expeditors International of Washington, Inc. (EXPD)

Pretax margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	1,094,800	1,015,030	1,835,890	1,924,620	956,564
Revenue	US$ in thousands	10,600,500	9,300,110	17,071,300	16,523,500	9,584,390
Pretax margin		10.33%	10.91%	10.75%	11.65%	9.98%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $1,094,800K ÷ $10,600,500K
= 10.33%

Expeditors International of Washington, Inc.'s pretax margin has shown a generally positive trend over the past five years. Starting at 9.98% as of December 31, 2020, the pretax margin improved to 11.65% by December 31, 2021, demonstrating an increase in profitability. Although there was a slight decrease to 10.75% by December 31, 2022, the pretax margin rebounded to 10.91% by December 31, 2023. In the most recent year, December 31, 2024, the pretax margin stood at 10.33%.

Overall, Expeditors International of Washington, Inc. has maintained a pretax margin above 10% in recent years, indicating efficient cost management and solid operational performance. The fluctuations in the pretax margin suggest a dynamic operating environment, prompting the company to continuously adjust its strategies to maintain healthy profitability levels.