Expeditors International of Washington (EXPD) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reported quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued contraction in the company's top line.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reported quarter declined sharply compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continued contraction in the company's top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-13.6%
Change from the immediately preceding quarter.
Year-over-year
-51.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.6B
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 |
|---|---|---|
| Sep 30, 2022 | $4.4B | +1.0% |
| Dec 31, 2022 | $3.4B | -36.2% |
| Mar 31, 2023 | $2.6B | -44.4% |
| Jun 30, 2023 | $2.2B | -51.3% |
Revenue performance
Revenue fell from the prior quarter, and the drop was even more pronounced when measured against the same period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, and the year-over-year comparison showed a larger decline, highlighting ongoing downward pressure.
What to watch
The rate of sequential decline moderated from the prior quarter, though revenue remains well below year-ago levels.