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XPO XPO Operating margin

Operating margin at other companies

JB Hunt Transport Services logo
JB Hunt Transport ServicesJBHT
7.4%+0.6pp
Old Dominion Freight Line logo
Old Dominion Freight LineODFL
24.6%-1.5pp
FedEx logo
FedExFDX
6.2%+0.5pp
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
9.7%-0.2pp
CSX logo
CSXCSX
33.4%-1.2pp
C.H. Robinson Worldwide logo
C.H. Robinson WorldwideCHRW
4.9%+0.8pp

Other financials

Income statement

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Revenue$2.1B+7.3%
Operating income$174.0M+15.2%
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$23.69B+80.7%
Enterprise value$27.64B+60.5%
P/E68.1×+34.4×
P/S2.9×+1.2×

Profitability

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Gross margin29.6%+22.4pp
Net margin4.2%-0.7pp

Returns & leverage

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Return on equity19.9%-6.2pp
Debt / equity2.2×-0.3×
Current ratio0.0×

Where this comes from

Calculated from XPO’s reported figures.

Based on trailing twelve months.

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 margin?
XPO (XPO) reported operating margin of 8.2% in Q1 2026.
How has XPO's operating margin changed year-over-year?
XPO's operating margin decreased by 2.6% year-over-year, from 8.4% to 8.2%.
What is the long-term trend for XPO's operating margin?
Over 4 years (2021 to 2025), XPO's operating margin has grown at a 28.6% compound annual growth rate (CAGR), from 12.1% to 33.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.