What is XPO's operating income?

XPO (XPO) reported operating income of $174M in Q1 2026.

How has XPO's operating income changed year-over-year?

XPO's operating income increased by 15.2% year-over-year, from $151M to $174M.

What is the long-term trend for XPO's operating income?

Over 4 years (2021 to 2025), XPO's operating income has grown at a 20.4% compound annual growth rate (CAGR), from $312M to $656M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

XPO XPO Operating Income

Operating Income at other companies

JB Hunt Transport ServicesJBHT

$207.05M+15.9%

Old Dominion Freight LineODFL

$317.34M-6.1%

ArcBestARCB

$3.43M-48.3%

Forward AirFWRD

$20.44M+329%

FedExFDX

$1.55B-13.5%

SaiaSAIA

$66.81M-4.8%

Other financials

Income statement

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Revenue$2.1B+7.3%

Gross profit$998.0M+3.5%

Net income$101.0M+46.4%

EPS (diluted)$0.85+46.6%

Balance sheet

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Cash & equivalents$179.0M+4.1%

Total debt$4.1B-2.1%

Total equity$1.9B+12.9%

Total assets$8.2B+3.9%

Cash flow

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Operating cash flow$183.0M+28.9%

CapEx$111.0M-44.2%

Free cash flow$72.0M+226%

Valuation

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Market cap$24.1B+65.6%

Enterprise value$28.05B+50.6%

P/E69.3×+27.1×

P/S2.9×+1.1×

Profitability

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Gross margin29.6%+22.4pp

Operating margin8.2%-0.2pp

Net margin4.2%-0.7pp

FCF margin5.5%—

Returns & leverage

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Return on equity19.9%-6.2pp

Debt / equity2.2×-0.3×

Current ratio1×0.0×

Where this comes from

Reported directly by XPO in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: XPO’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is XPO's operating income?: XPO (XPO) reported operating income of $174M in Q1 2026.
How has XPO's operating income changed year-over-year?: XPO's operating income increased by 15.2% year-over-year, from $151M to $174M.
What is the long-term trend for XPO's operating income?: Over 4 years (2021 to 2025), XPO's operating income has grown at a 20.4% compound annual growth rate (CAGR), from $312M to $656M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.