Expeditors International of Washington (EXPD) Revenue — Quarter Ended Dec 31, 2023
Revenue in the December quarter rose from the preceding quarter, marking a sequential improvement. However, compared with the same quarter a year earlier, revenue declined substantially.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue in the December quarter rose from the preceding quarter, marking a sequential improvement. However, compared with the same quarter a year earlier, revenue declined substantially.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
-33.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3B
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 | $2.6B | -44.4% |
| Jun 30, 2023 | $2.2B | -51.3% |
| Sep 30, 2023 | $2.2B | -49.8% |
| Dec 31, 2023 | $2.3B | -33.8% |
Revenue performance
The reported revenue increased relative to the immediately prior quarter, continuing a pattern of stabilization after earlier declines.
Quarterly comparison
Compared with the same quarter one year ago, revenue was lower by a large margin. The sequential increase contrasts with the steep year-over-year decline, reflecting a mixed comparison picture.
What to watch
Monitor whether the sequential revenue uptick can sustain or accelerate given the persistent weakness on a year-over-year basis.