Expeditors International of Washington (EXPD) Revenue — Quarter Ended Sep 30, 2023
Revenue for the current quarter declined sharply compared with the same period a year earlier, reflecting a continuation of the downward trend observed over recent quarters. Sequentially, revenue was nearly flat, edging slightly lower from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the current quarter declined sharply compared with the same period a year earlier, reflecting a continuation of the downward trend observed over recent quarters. Sequentially, revenue was nearly flat, edging slightly lower from the immediately preceding quarter.
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
-2.2%
Change from the immediately preceding quarter.
Year-over-year
-49.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.5B
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 | $3.4B | -36.2% |
| Mar 31, 2023 | $2.6B | -44.4% |
| Jun 30, 2023 | $2.2B | -51.3% |
| Sep 30, 2023 | $2.2B | -49.8% |
Revenue performance
Reported revenue decreased significantly from the year-ago quarter, and was also modestly lower than the prior quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was slightly down, while the year-over-year comparison showed a substantial decline.
What to watch
The sequential stabilization after several quarters of steep declines may warrant attention as to whether the rate of decline is moderating.