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XPO XPO Operating margin

Operating margin at other companies

JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
7.5%+0.8pp
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
25.8%+0.4pp
ArcBest logo
ArcBestARCB
0.9%-4.5pp
Forward Air logo
Forward AirFWRD
2.2%+1.1pp
FedEx logo
FedExFDX
5.8%-0.2pp
Saia logo
SaiaSAIA
10.7%-2.7pp

Other financials

Income statement

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Revenue$2.4B+13.2%
Gross profit$998.0M+3.5%
Operating income$271.0M+36.9%
Net income$162.0M+52.8%
EPS (diluted)$1.36+52.8%

Balance sheet

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Cash & equivalents$298.0M+52.0%
Total debt$3.8B-10.3%
Total equity$2.0B+10.2%
Total assets$8.3B+2.5%

Cash flow

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Operating cash flow$308.0M+24.7%
CapEx$127.0M-35.2%
Free cash flow$181.0M+255%

Valuation

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Market cap$23.53B+67.2%
Enterprise value$27.06B+49.2%
P/E58.2×+17.5×
P/S2.7×+1.0×

Profitability

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Gross margin29.6%+22.4pp
Net margin4.7%+0.4pp
FCF margin6.9%

Returns & leverage

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Return on equity21.6%+0.6pp
Debt / equity-0.4×
Current ratio0.0×

Where this comes from

Calculated from XPO’s reported figures.

Based on trailing twelve months.

The source filing: XPO’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 6:45 AM EDT
Accession
0001104659-26-088438

FAQ

What is XPO's operating margin?
XPO (XPO) reported operating margin of 8.8% in Q2 2026.
How has XPO's operating margin changed year-over-year?
XPO's operating margin increased by 4.2% year-over-year, from 8.4% to 8.8%.
What is the long-term trend for XPO's operating margin?
Over 5 years (2020 to 2025), XPO's operating margin has grown at a 35.6% compound annual growth rate (CAGR), from 1.8% to 8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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