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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$3.4B+4.3%
Operating income$77.0M-13.5%
Net income$25.0M-3.8%
EPS (diluted)$0.22-4.3%

Balance sheet

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Cash & equivalents$773.0M+273%
Total debt$7.3B+22.1%
Total equity$3.0B+1.6%
Total assets$12.4B+3.7%

Cash flow

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Operating cash flow$76.0M+2,433%
CapEx$65.0M+38.3%
Free cash flow-$34.0M+30.6%

Valuation

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Market cap$5.41B-6.4%
Enterprise value$11.98B+3.4%
P/E41.3×-50.4×
P/S0.4×-0.1×

Profitability

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Operating margin2.4%+0.7pp
Net margin1%+0.5pp
FCF margin0.9%-0.4pp

Returns & leverage

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Return on equity4.4%+2.3pp
Debt / equity2.5×+0.4×
Current ratio0.8×0.0×

Where this comes from

Reported directly by GXO Logistics in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: GXO Logistics’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001852244-26-000049
(In millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$3,441$3,299$6,739$6,276
Direct operating expense2,9332,8135,7415,371
Selling, general and administrative expense(1)281257561503
Other income (expense), net(2)(3)(6)2(12)(3)
Segment Adjusted EBITDA$233$227$449$405
Less:
Corporate expenses(4)14153030
Depreciation expense8980175160

Item 1. Financial Statements (Unaudited)

FAQ

What is GXO Logistics's business segments — direct operating expense?
GXO Logistics (GXO) reported business segments — direct operating expense of $2.93B in Q2 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 4.3% year-over-year, from $2.81B to $2.93B.
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.

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