Expeditors International of Washington Inc (EXPD)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	1,016,132	1,125,769	1,428,271	1,665,468	1,832,685	2,131,760	2,088,847	1,999,340	1,921,263	1,579,603	1,341,630	1,177,413	954,490	856,563	816,086	766,021	794,173	830,976	825,485	814,450
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
Pretax margin		10.95%	10.79%	11.33%	11.12%	10.75%	11.21%	11.01%	11.12%	11.52%	10.93%	10.65%	10.17%	9.44%	9.53%	9.49%	9.51%	9.71%	9.93%	9.85%	9.81%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,016,132K ÷ $9,280,370K
= 10.95%

Expeditors International Of Washington, Inc. has shown relatively consistent pretax margins over the past eight quarters, ranging from 10.70% to 11.35%. The pretax margin measures the company's efficiency in generating profits before taxes from its operations.

The pretax margin peaked at 11.35% in Q3 2022, indicating a high level of profitability relative to the other quarters. Conversely, the lowest pretax margin was 10.70% in Q3 2023, suggesting a slight decrease in profitability compared to the other quarters.

Overall, Expeditors International Of Washington, Inc. has maintained a stable pretax margin performance hovering around the 11% range, demonstrating consistent operational efficiency in generating profits before accounting for tax expenses.