Income StatementBalance SheetCash FlowSegments
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XPO Income Statement

Revenue, expenses, and profitability over time

XPO generated $8.3B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $348.0M with a 4.19% net margin. Diluted EPS is $2.91, which declined 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$8.3BGross Profit (TTM)$3.4BOperating Income (TTM)$679.0MNet Income (TTM)$348.0MEps Diluted (TTM)$2.91
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$23.5B
P/E Ratio67.63
ROE19.94%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$23.0M$15.0M$16.0M$15.0M$31.0M$13.0M
Share-Based Compensation Expense$23.0M$15.0M$16.0M$15.0M$31.0M$13.0M
Compensation and benefits$836.0M$832.0M$871.0M$876.0M$845.0M$880.0M
Depreciation and amortization$125.0M$123.0M$131.0M$134.0M$133.0M$131.0M
Stock-based compensation expense$23.0M$15.0M$16.0M$15.0M$31.0M$13.0M
Restructuring charges$10.0M$12.0M$8.0M$6.0M$33.0M$9.0M
Share-Based Compensation$23.0M$15.0M$16.0M$15.0M$31.0M$13.0M
Total operating expenses$376.0M$393.0M$384.0M$406.0M$388.0M$423.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M
Cash Paid for Interest$75.0M$42.0M$75.0M$41.0M$71.0M$39.0M
Other non-cash income (expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M
Gain (loss) on disposal of assets$35.0M$2.0M$1.0M-$1.0M$15.0M$1.0M
Other Charges$6.0M$1.0M$2.0M$2.0M$2.0M$3.0M
Interest expense$53.0M$56.0M$56.0M$54.0M$53.0M$53.0M
Change in Accounts Payable—-$7.0M-$15.0M—-$8.0M$16.0M
Other Non-Cash Income (Expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M
Other income (expense), net$6.0M$1.0M$2.0M$2.0M$2.0M$3.0M
Litigation settlement gain (loss)$0.0$11.0M$2.0M$0.0$0.0$0.0
Other Non-cash Income (Expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M
Other Non-Cash Income (Expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures$166.0M$199.0M$196.0M$156.0M$106.0M$111.0M
Change in Accounts Receivable—$107.0M$17.0M——$146.0M
Tax Withholding for Share-Based Payments$108.0M$47.0M$1.0M$0.0$3.0M$88.0M
Income Taxes Paid, Net$19.0M-$2.0M$33.0M-$42.0M—$4.0M
Interest Paid, Net$75.0M$42.0M$75.0M$41.0M$71.0M$39.0M
Accretion Expense$3.0M$3.0M$2.0M$3.0M$2.0M$3.0M
Deferred taxes$18.0M$4.0M$2.0M$66.0M$27.0M$9.0M
Gain Loss On Sale Of Property Plant Equipment$35.0M$2.0M$1.0M-$1.0M$15.0M$1.0M
General Insurance Expense$29.0M$35.0M$40.0M$43.0M$49.0M$34.0M
Income Taxes Paid, Net$19.0M-$2.0M$33.0M-$42.0M—$4.0M
Accounts payable—-$7.0M-$15.0M—-$8.0M$16.0M
Increase (Decrease) in Accounts Receivable—$107.0M$17.0M——$146.0M
Increase in accrued expenses and other liabilities-$54.0M$35.0M—$50.0M—$49.0M
Increase (Decrease) in Prepaid Expense and Other Assets$35.0M-$1.0M-$25.0M$8.0M$56.0M-$1.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$75.0M$42.0M$75.0M$41.0M$71.0M$39.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—-$30.0M-$44.0M-$111.0M—-$147.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$191.0M-$191.0M-$150.0M—-$107.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$142.0M$247.0M$371.0M—$183.0M
Other Noncash Income (Expense)-$11.0M-$9.0M-$5.0M-$5.0M-$5.0M-$7.0M
Other income, net (Note 6)$6.0M$1.0M$2.0M$2.0M$2.0M$3.0M
Payments for Repurchase of Common Stock$0.0$0.0$10.0M$47.0M$68.0M$30.0M
Payments of Debt Issuance Costs—$3.0M———$0.0
Payment, Tax Withholding, Share-Based Payment Arrangement$108.0M$47.0M$1.0M$0.0$3.0M$88.0M
Payments to Acquire Property, Plant, and Equipment$166.0M$199.0M$196.0M$156.0M$106.0M$111.0M
Financing — other—$1.0M$1.0M$1.0M$1.0M$1.0M
Dispositions of property, plant, and equipment$58.0M$7.0M$5.0M$6.0M$23.0M$7.0M
Purchased transportation$398.0M$399.0M$426.0M$424.0M$412.0M$423.0M
Revenue From Contract With Customer Excluding Assessed Tax$1.9B$2.0B$2.1B$2.1B$2.0B$2.1B
Right Of Use Asset Obtained In Exchange For Finance Lease Liability—$16.0M$10.0M$8.0M—$11.0M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability—$34.0M$66.0M$55.0M—$37.0M
Stock-based compensation$23.0M$15.0M$16.0M$15.0M$31.0M$13.0M
Operating taxes and licenses$19.0M$19.0M$21.0M$21.0M$22.0M$21.0M
Transaction and integration costs$14.0M$3.0M$3.0M$1.0M$1.0M$2.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash Paid for Income Taxes$19.0M-$2.0M$33.0M-$42.0M—$4.0M
Income Taxes Paid, Net$19.0M-$2.0M$33.0M-$42.0M—$4.0M
Income tax expense$26.0M$22.0M$37.0M$30.0M$32.0M$23.0M
Income Taxes Paid, Net$19.0M-$2.0M$33.0M-$42.0M—$4.0M
Income and Other Taxes$19.0M-$2.0M$33.0M-$42.0M—$4.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.65$0.59$0.90$0.69$0.51$0.87
Diluted earnings per share$0.63$0.58$0.89$0.68$0.49$0.85
Weighted-average shares, basic—117M118M118M—117M
Weighted-average shares, diluted—120M119M120M—119M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$101.0M$91.0M$143.0M$112.0M$91.0M$124.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$75.0M$69.0M$106.0M$82.0M$59.0M$101.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$149.0M$151.0M$198.0M$164.0M$143.0M$174.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.9B$2.0B$2.1B$2.1B$2.0B$2.1B