Archer-Daniels-Midland (ADM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year ago. The reported revenue direction reflects a decline from the prior sequential period against a backdrop of year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year ago. The reported revenue direction reflects a decline from the prior sequential period against a backdrop of year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$24.1B
Revenue reported for this quarter.
Quarter-over-quarter
-7.2%
Change from the immediately preceding quarter.
Year-over-year
+1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$102B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $27.3B | +19.0% |
| Sep 30, 2022 | $24.7B | +21.4% |
| Dec 31, 2022 | $25.9B | +12.3% |
| Mar 31, 2023 | $24.1B | +1.8% |
Revenue performance
The company reported lower revenue from the prior quarter, while revenues were higher than the same period a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted by a mid-single-digit percentage. Relative to the same quarter one year ago, revenue expanded by a low-single-digit percentage.
What to watch
The sequential revenue decline warrants monitoring given the prior trend of consecutive year-over-year increases.