Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $10,116 | $16,524 | $17,071 | $9,300 | $10,601 |
| Gross Profit | $940 | $1,909 | $1,824 | $940 | $1,041 |
| Operating Income | $940 | $1,909 | $1,824 | $940 | $1,041 |
| Net Income | $696 | $1,415 | $1,357 | $753 | $810 |
Over the five-year period, EXPEDITORS INTERNATIONAL of Washington, Inc. experienced notable fluctuations in its operating metrics. Revenue surged from approximately USD 10.12 billion in 2020 to USD 16.52 billion in 2021—a growth of about 63%—accompanied by a similar leap in gross profit and operating income, both of which doubled in magnitude. This robust performance in 2021 suggests a strong rebound or expansion, with net income also rising from USD 696 million to approximately USD 1,415 million. However, the growth did not persist uniformly. While 2022 saw a modest revenue increase to USD 17.07 billion, gross profit and operating income declined slightly, hinting at potential margin pressures or operational inefficiencies. Additionally, all major metrics experienced a pronounced decline in 2023—a roughly 45% drop in revenue, with gross profit and net income similarly contracting—before a modest recovery in 2024, where revenue rebounded to USD 10.6 billion. Overall, the company’s performance over these years reflects periods of significant expansion followed by sharp contractions, with year-over-year swings exceeding 20% in critical metrics such as revenue and net income during 2021 and 2023. As a global logistics provider, EXPEDITORS’ performance is closely tied to international trade volumes and supply chain dynamics. The marked deterioration in 2023, followed by a partial recovery in 2024, underscores both the challenges inherent to the logistics industry and the company’s resilience. Based on these quantitative trends, the firm appears fundamentally sound yet vulnerable to external market fluctuations that can markedly impact its operating results.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.