How did Flexport, Inc.'s revenue change from 2022 to 2023?

Flexport, Inc. revenue declined from $5.5B in 2022 to $4.5B in 2023, a change of -18.2%.

Was 2023 Flexport, Inc.'s best revenue year?

No. Flexport, Inc.'s highest recorded revenue year was 2022 at $5.5B. In 2023, Flexport, Inc. reported $4.5B.

What was Flexport, Inc.'s highest ever annual revenue?

Flexport, Inc.'s highest ever annual revenue was $5.5B recorded in fiscal year 2022.

Flexport, Inc.

Digital Freight Forwarding and Supply Chain TechnologyFounded 2013

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Explore Flexport

Core profile pages, annual revenue records, and related research hubs for this company.

Flexport, Inc.

Digital Freight Forwarding and Supply Chain TechnologyFounded 2013

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Annual Revenue

Flexport, Inc. Revenue in 2023

Q: What was Flexport, Inc.'s revenue in 2023?

Flexport, Inc. reported $4.5B in revenue for fiscal year 2023. This represents a -18.2% change compared to 2022. Estimated net revenue fell about 18.2% year over year as the 2023 global freight recession collapsed shipping rates and drove a massive inventory destocking cycle among retail shippers.

FY2023 Revenue

$4.5B

▼ 18.2% vs FY2022 ($5.5B)

Source: Annual report / company filing

Flexport, Inc. reported $4.5B in revenue for fiscal year 2023. This represents a decline of 18.2% compared to the 2022 figure of $5.5B. In 2024, revenue declined to $3.8B.

Estimated net revenue fell about 18.2% year over year as the 2023 global freight recession collapsed shipping rates and drove a massive inventory destocking cycle among retail shippers.

Revenue by Year

FY2024 FY2023

Flexport, Inc. Annual Revenue History

Year	Revenue	YoY Change
FY2024	$3.8B	-15.6%
FY2023	$4.5B	-18.2%
FY2022	$5.5B	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2024: $3.8B

Explore Flexport

Core profile pages, annual revenue records, and related research hubs for this company.