XPO · Xpo, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | - | $2.11B | $2.08B | $1.95B | - | $2.05B | $2.08B | $2.02B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $423.00M | - | $406.00M | $384.00M | $393.00M | - | $399.00M | $402.00M | $413.00M | - |
| D&A | $131.00M | - | $134.00M | $131.00M | $123.00M | - | $126.00M | $122.00M | $117.00M | - |
| Operating Income | $174.00M | - | $164.00M | $198.00M | $151.00M | - | $176.00M | $197.00M | $138.00M | - |
| Interest Expense | $53.00M | - | $54.00M | $56.00M | $58.00M | - | $41.00M | $56.00M | $58.00M | - |
| Income Tax | $23.00M | - | $30.00M | $37.00M | $22.00M | - | $40.00M | ($3.00M) | $23.00M | - |
| Net Income | $101.00M | - | $82.00M | $106.00M | $69.00M | - | $95.00M | $150.00M | $67.00M | - |
| EPS - Basic | $0.87 | - | $0.69 | $0.90 | $0.59 | - | $0.81 | $1.29 | $0.58 | - |
| EPS - Diluted | $0.85 | - | $0.68 | $0.89 | $0.58 | - | $0.79 | $1.25 | $0.56 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $237.00M | $310.00M | $335.00M | $225.00M | $212.00M | $246.00M | $378.00M | $250.00M | $229.00M | $412.00M |
| Accounts Receivable | $1.16B | $1.03B | $1.10B | $1.13B | $1.08B | $977.00M | $1.06B | $1.09B | $1.08B | $973.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $462.00M | $455.00M | $465.00M | $498.00M | $501.00M | $477.00M | $445.00M | $477.00M | $570.00M | $532.00M |
| Current Assets | $1.68B | $1.63B | $1.70B | $1.62B | $1.58B | $1.50B | $1.65B | $1.55B | $1.53B | $1.59B |
| Total Assets | $8.18B | $8.19B | $8.19B | $8.13B | $7.88B | $7.71B | $7.92B | $7.73B | $7.60B | $7.49B |
| Current Liabilities | $1.69B | $1.55B | $1.67B | $1.60B | $1.55B | $1.42B | $1.56B | $1.54B | $1.62B | $1.59B |
| Long-term Debt | $3.17B | $3.25B | $3.22B | $3.34B | $3.34B | $3.33B | $3.34B | $3.33B | $3.32B | $3.33B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.85B | $1.86B | $1.82B | $1.78B | $1.64B | $1.60B | $1.64B | $1.50B | $1.33B | $1.27B |
| Retained Earnings | $989.00M | $888.00M | $829.00M | $747.00M | $641.00M | $572.00M | $496.00M | $402.00M | $252.00M | $185.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $183.00M | - | - | - | $145.00M | - | - | - | $145.00M | - |
| Investing Cash Flow | ($107.00M) | - | - | - | ($299.00M) | - | - | - | ($299.00M) | - |
| Financing Cash Flow | ($147.00M) | - | - | - | ($30.00M) | - | - | - | ($29.00M) | - |
| CapEx | $111.00M | - | - | - | $199.00M | - | - | - | $306.00M | - |
| Free Cash Flow | $72.00M | - | - | - | ($54.00M) | - | - | - | ($161.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 8.3% | - | 7.8% | 9.5% | 7.7% | - | 8.6% | 9.5% | 6.8% | - |
| EBITDA margin | 14.6% | - | 14.1% | 15.8% | 14.0% | - | 14.7% | 15.3% | 12.6% | - |
| Net margin | 4.8% | - | 3.9% | 5.1% | 3.5% | - | 4.6% | 7.2% | 3.3% | - |
| Free cash flow margin | 3.4% | - | - | - | -2.8% | - | - | - | -8.0% | - |
| FCF / Net income | 0.71 | - | - | - | -0.78 | - | - | - | -2.40 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 18.5% | - | 26.8% | 25.9% | 24.2% | - | 29.6% | -2.0% | 25.6% | - |
| Return on assets | 1.2% | - | 1.0% | 1.3% | 0.9% | - | 1.2% | 1.9% | 0.9% | - |
| Return on equity | 5.5% | - | 4.5% | 6.0% | 4.2% | - | 5.8% | 10.0% | 5.0% | - |
| Return on invested capital | 2.8% | - | 2.4% | 2.9% | 2.3% | - | 2.5% | 4.1% | 2.2% | - |
| Liquidity | ||||||||||
| Current ratio | 0.99 | 1.05 | 1.02 | 1.02 | 1.02 | 1.06 | 1.06 | 1.00 | 0.94 | 1.00 |
| Quick ratio | 0.99 | 1.05 | 1.02 | 1.02 | 1.02 | 1.06 | 1.06 | 1.00 | 0.94 | 1.00 |
| Cash ratio | 0.14 | 0.20 | 0.20 | 0.14 | 0.14 | 0.17 | 0.24 | 0.16 | 0.14 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | 1.71 | 1.75 | 1.77 | 1.88 | 2.03 | 2.08 | 2.04 | 2.22 | 2.49 | 2.63 |
| Debt / Assets | 0.39 | 0.40 | 0.39 | 0.41 | 0.42 | 0.43 | 0.42 | 0.43 | 0.44 | 0.45 |
| Debt / EBITDA | 10.40 | - | 10.81 | 10.16 | 12.18 | - | 11.07 | 10.44 | 13.03 | - |
| Interest coverage | 3.3x | - | 3.0x | 3.5x | 2.6x | - | 4.3x | 3.5x | 2.4x | - |
| Equity multiplier | 4.42 | 4.40 | 4.51 | 4.57 | 4.80 | 4.82 | 4.83 | 5.16 | 5.71 | 5.92 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | - | 0.26 | 0.26 | 0.25 | - | 0.26 | 0.27 | 0.27 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 203d | - | 191d | 199d | 202d | - | 189d | 191d | 195d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 228.9x | - | 190.1x | 141.9x | 185.5x | - | 136.1x | 84.9x | 217.9x | - |
| P / B | 12.5x | - | 8.5x | 8.4x | 7.9x | - | 7.9x | 8.5x | 11.0x | - |
| P / S | 11.0x | - | 7.3x | 7.2x | 6.6x | - | 6.3x | 6.1x | 7.3x | - |
| EV / EBITDA | 85.5x | - | 61.7x | 55.2x | 58.5x | - | 52.5x | 49.6x | 69.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.3% | - | 2.8% | 0.0% | -3.2% | - | 3.7% | 8.5% | 5.8% | - |
| Revenue CAGR (3y) | 3.2% | - | -11.5% | -13.7% | -17.4% | - | -14.4% | -25.5% | -25.0% | - |
| Revenue CAGR (5y) | -15.2% | - | -12.9% | -9.9% | -12.7% | - | -13.1% | -13.3% | -13.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 15.2% | - | -6.8% | 0.5% | 9.4% | - | 14.3% | 84.1% | 137.9% | - |
| Net income growth (YoY) | 46.4% | - | -13.7% | -29.3% | 3.0% | - | 13.1% | 354.5% | 378.6% | - |
| EPS growth (YoY) | 46.6% | - | -13.9% | -28.8% | 3.6% | - | 11.3% | 346.4% | 330.8% | - |
| EPS CAGR (3y) | 87.0% | - | -15.6% | -10.0% | -48.4% | - | - | -3.2% | -18.1% | - |
| EPS CAGR (5y) | -3.6% | - | -3.9% | - | 23.7% | - | -7.1% | 1.0% | 8.6% | - |
| FCF growth (YoY) | - | - | - | - | 66.5% | - | - | - | -347.2% | - |
| FCF CAGR (5y) | 16.9% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 12.9% | 16.2% | 10.7% | 18.8% | 23.1% | 26.5% | 37.1% | 34.0% | 26.3% | 25.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.16B totalNorth American LTL$4.83B · 59.2%
European Transportation$3.32B · 40.8%
Geographic
$8.16B totalUS$4.73B · 57.9%
FR$1.30B · 16.0%
GB$1.14B · 14.0%
Europe Excluding France And United Kingdom$877.00M · 10.8%
North America Excluding United States$106.00M · 1.3%
Peer comparison
Same SIC group: Transportation Services
Comparing XPO against the 5 most active filers in the same SIC group.