What are XPO's profit margins?

XPO (XPO) runs a 29.6% gross margin and a 8.2% operating margin, with a 4.2% net margin.

Where do XPO's ratios come from?

Every ratio is computed from XPO's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

XPO XPO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	32.8%+0.9pp	33.1%+2.9pp	33.2%+5.6pp	32.8%+8.7pp	32%+11.9pp
Net margin	16.5%-2.2pp	17.2%+0.2pp	18.1%+3.5pp	18.5%+8.0pp	18.7%+11.7pp
Returns
Return on equity	78.4%-28.2pp	84.7%-16.1pp	93.4%+3.0pp	100.3%+33.5pp	106.7%+61.4pp
Return on invested capital	34.2%-6.6pp	35.4%-3.4pp	37%+1.1pp	39%+6.8pp	40.8%+12.6pp
Efficiency
Asset turnover	4.1×-0.3×	4.1×-0.4×	4.1×-0.4×	4.2×-0.2×	4.4×-0.1×
Liquidity
Current ratio	4.1×-0.1×	4.1×0.0×	4.1×+0.1×	4.2×+0.1×	4.1×+0.1×
Leverage
Debt-to-equity	9.3×-1.5×	9.7×-1.7×	10×-2.1×	10.3×-2.0×	10.8×-1.7×
Net debt / EBITDA	13.6×-0.9×	13.8×-1.4×	13.9×-2.3×	14.1×-2.5×	14.4×-2.6×
Per Share
Book value per share	$61.30+15.3%	$59.41+17.4%	$57.12+19.0%	$55.65+25.4%	$53.18+28.5%
Valuation
Market capitalization	$68.8B+30.5%	$58.63B+8.0%	$57.94B+17.8%	$55.23B+21.8%	$52.74B+32.4%
Price / earnings	204.8×+64.7×	171.8×+5.5×	160.7×-19.8×	148.7×-232×	140.1×-288×
Price / sales	8.4×+1.9×	7.3×+0.5×	7.2×+1.0×	6.9×+1.1×	6.6×+1.5×
Price / book	37.6×+4.5×	33×-3.1×	33.9×-0.6×	33.2×-1.0×	33.1×+1.1×
EV / EBITDA	71.5×+10.2×	63.6×-2.3×	63.5×-1.9×	62.1×-4.1×	61.3×-3.3×

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Questions, answered.

What are XPO's profit margins?: XPO (XPO) runs a 29.6% gross margin and a 8.2% operating margin, with a 4.2% net margin.
Where do XPO's ratios come from?: Every ratio is computed from XPO's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.