Archer-Daniels-Midland (ADM) Revenue — Quarter Ended Sep 30, 2023
Revenue declined sharply in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease was driven by lower revenues across the business, as reflected in the sequential and year-over-year comparisons.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined sharply in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease was driven by lower revenues across the business, as reflected in the sequential and year-over-year comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.4B
Revenue reported for this quarter.
Quarter-over-quarter
-74.6%
Change from the immediately preceding quarter.
Year-over-year
-74.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$81.6B
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 |
|---|---|---|
| Dec 31, 2022 | $25.9B | +12.3% |
| Mar 31, 2023 | $24.1B | +1.8% |
| Jun 30, 2023 | $25.2B | -7.7% |
| Sep 30, 2023 | $6.4B | -74.1% |
Revenue performance
The reported revenue for the quarter was significantly lower than the preceding quarter, continuing a downward trend from the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also fell substantially. The sequential decline from the immediately preceding quarter was similarly pronounced.
What to watch
The magnitude of the revenue decline in the current quarter relative to both the prior quarter and the prior-year quarter warrants close monitoring of future revenue trends.