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GXO Logistics GXO Business Segments — Direct operating expense

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Other financials

Income statement

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Revenue$3.3B+10.8%
Operating income$39.0M+170%
Net income$4.0M+104%
EPS (diluted)$0.03+104%

Balance sheet

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Cash & equivalents$797.0M+109%
Total debt$6.8B+17.3%
Total equity$3.0B+3.4%
Total assets$12.2B+7.7%

Cash flow

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Operating cash flow$31.0M+6.9%
CapEx$65.0M-16.7%
Free cash flow-$34.0M+30.6%

Valuation

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Market cap$5.6B+27.3%
Enterprise value$11.6B+18.5%
P/E42.4×-16.2×
P/S0.4×+0.1×

Profitability

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Operating margin2.5%+0.9pp
Net margin1%+0.4pp
FCF margin0.9%-0.4pp

Returns & leverage

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Return on equity4.5%+1.9pp
Debt / equity2.3×+0.3×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by GXO Logistics in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The official record: GXO Logistics’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GXO Logistics's business segments — direct operating expense?
GXO Logistics (GXO) reported business segments — direct operating expense of $2.81B in Q1 2026.
How has GXO Logistics's business segments — direct operating expense changed year-over-year?
GXO Logistics's business segments — direct operating expense increased by 9.8% year-over-year, from $2.56B to $2.81B.
What is the long-term trend for GXO Logistics's business segments — direct operating expense?
Over 3 years (2022 to 2025), GXO Logistics's business segments — direct operating expense has grown at a 14.6% compound annual growth rate (CAGR), from $7.44B to $11.19B.
What does business segments — direct operating expense mean?
Includes the costs directly attributable to the delivery of logistics and warehousing services, such as labor, facility leases, and transportation costs. Monitoring this metric helps assess the direct cost efficiency of the segment's service delivery model.