Expeditors International of Washington (EXPD) Revenue — Quarter Ended Mar 31, 2024
Revenue declined for the quarter compared to both the immediate prior period and the same period one year earlier. The decrease reflects ongoing pressure on the top line relative to historical levels.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined for the quarter compared to both the immediate prior period and the same period one year earlier. The decrease reflects ongoing pressure on the top line relative to historical levels.
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
-3.1%
Change from the immediately preceding quarter.
Year-over-year
-14.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.9B
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 |
|---|---|---|
| Jun 30, 2023 | $2.2B | -51.3% |
| Sep 30, 2023 | $2.2B | -49.8% |
| Dec 31, 2023 | $2.3B | -33.8% |
| Mar 31, 2024 | $2.2B | -14.9% |
Revenue performance
The reported revenue moved lower from the preceding quarter, continuing the downward trajectory seen in recent periods.
Quarterly comparison
Compared to the same quarter one year ago, revenue was also down, marking a sharper contraction than the sequential decline. The year-over-year comparison shows a more pronounced decrease.
What to watch
The filing context notes that forward-looking statements are subject to risks including economic slowdown and demand drop, which could affect future revenue trends.