Income StatementBalance SheetCash FlowSegments
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XPO Business Segments

Business, geographic, and product segment breakdowns

XPO generates $8.3B in annual revenue across 2 key segments: European Transportation ($3.4B), and North American LTL ($4.9B). The company-wide operating margin is 8.18%. Based on the Q1 2026 filing.

European Transportation (TTM)$3.4BNorth American LTL (TTM)$4.9B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$23.5B
P/E Ratio67.63
ROE19.94%

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe (excluding France and United Kingdom)$216.0M$209.0M$224.0M$220.0M$224.0M$221.0M
North America (excluding United States)$26.0M$26.0M$27.0M$27.0M$25.0M$27.0M

Right-of-use assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$715.0M$742.0M$789.0M$793.0M$844.0M$824.0M

Business Segments

Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$279.0M$250.0M$300.0M$308.0M$285.0M$290.0M
European Transportation$27.0M$32.0M$44.0M$38.0M$32.0M$33.0M

Charges Incurred

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$4.0M$9.0M$0.0$4.0M$8.0M$4.0M
North American Intermodal Operation—$0.0$4.0M——$0.0
North American LTL$1.0M$1.0M$1.0M$1.0M$1.0M—

Cumulative goodwill impairments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation————$64.0M—

Depreciation and amortization expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$89.0M$90.0M$96.0M$98.0M$98.0M$97.0M
European Transportation$34.0M$32.0M$34.0M$35.0M$35.0M$33.0M

Fuel, operating expenses and supplies

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$218.0M$232.0M$222.0M$225.0M$206.0M$236.0M
European Transportation$158.0M$162.0M$163.0M$180.0M$181.0M$187.0M

Gain (Loss) on Disposition of Property Plant Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$2.0M$1.0M$3.0M$1.0M$2.0M$2.0M
North American LTL$34.0M$0.0-$2.0M-$2.0M$13.0M-$1.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$735.0M———$820.0M—
North American LTL$726.0M———$726.0M—

Impact of foreign exchange translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation-$9.3M$21.3M$21.3M$21.3M$21.3M—
North American LTL$0.0$0.0$0.0$0.0$0.0—

Insurance and claims

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$17.0M$24.0M$25.0M$27.0M$34.0M$18.0M
European Transportation$12.0M$10.0M$15.0M$16.0M$13.0M$16.0M

Operating taxes and licenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$16.0M$16.0M$17.0M$17.0M$17.0M$16.0M
European Transportation$3.0M$3.0M$4.0M$4.0M$6.0M$5.0M

Payments for Restructuring

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$5.0M$4.0M$3.0M$1.0M$11.0M$3.0M
North American Intermodal Operation—$1.0M$1.0M$2.0M—$0.0
North American LTL$750.0K$1.3M$1.3M$1.3M$1.3M—

Pension (income) expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL-$6.0M-$2.0M-$2.0M-$2.0M-$1.0M-$4.0M
European Transportation$1.0M$0.0$0.0$0.0$1.0M$0.0

Purchased transportation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$354.0M$363.0M$394.0M$394.0M$388.0M$394.0M
North American LTL$44.0M$37.0M$32.0M$30.0M$24.0M$30.0M

Restructuring Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$1.0M$6.0M$4.0M$6.0M$3.0M$4.0M
North American Intermodal Operation$3.0M$1.0M$4.0M$2.0M$1.0M$0.0
North American LTL$3.0M———$1.0M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$1.2B$1.2B$1.2B$1.3B$1.2B$1.2B
European Transportation$766.0M$782.0M$841.0M$857.0M$845.0M$868.0M

Salaries, wages and employee benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$621.0M$615.0M$643.0M$648.0M$613.0M$642.0M
European Transportation$212.0M$212.0M$224.0M$224.0M$228.0M$235.0M

Total Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$279.0M$250.0M$300.0M$308.0M$285.0M$290.0M
European Transportation$27.0M$32.0M$44.0M$38.0M$32.0M$33.0M

Restructuring Reserve, Foreign Currency Translation Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL-$250.0K$0.0$0.0$0.0$0.0—