Archer-Daniels-Midland (ADM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased sharply compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter increased sharply compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23B
Revenue reported for this quarter.
Quarter-over-quarter
+259.1%
Change from the immediately preceding quarter.
Year-over-year
-11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$78.6B
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 |
|---|---|---|
| Mar 31, 2023 | $24.1B | +1.8% |
| Jun 30, 2023 | $25.2B | -7.7% |
| Sep 30, 2023 | $6.4B | -74.1% |
| Dec 31, 2023 | $23B | -11.4% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing a steep sequential decline. The year-over-year comparison shows a contraction.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose significantly. Compared with the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the sequential revenue recovery can sustain given the year-over-year decline.