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XPO Business Segments

Business, geographic, and product segment breakdowns

XPO generates $8.3B in annual revenue across 2 key segments: European Transportation ($3.4B), and North American LTL ($4.9B). The company-wide operating margin is 8.18%. Based on the Q1 2026 filing.

European Transportation (TTM)$3.4BNorth American LTL (TTM)$4.9B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$26.7B
P/E Ratio76.81
ROE19.94%

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$1.1B$1.1B$1.2B$1.2B$1.1B$1.2B
France$293M$314M$336M$331M$324M$342M
United Kingdom$257M$259M$281M$305M$297M$305M
Europe (excluding France and United Kingdom)$216M$209M$224M$220M$224M$221M
North America (excluding United States)$26M$26M$27M$27M$25M$27M

Right-of-use assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$715M$742M$789M$793M$844M$824M

Business Segments

Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$279M$250M$300M$308M$285M$290M
European Transportation$27M$32M$44M$38M$32M$33M

Charges Incurred

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$4M$9M$0$4M$8M$4M
North American Intermodal Operation—$0$4M——$0
North American LTL$1M$1M$1M$1M$1M—

Cumulative goodwill impairments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation————$64M—

Depreciation and amortization expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$89M$90M$96M$98M$98M$97M
European Transportation$34M$32M$34M$35M$35M$33M

Fuel, operating expenses and supplies

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$218M$232M$222M$225M$206M$236M
European Transportation$158M$162M$163M$180M$181M$187M

Gain (Loss) on Disposition of Property Plant Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$2M$1M$3M$1M$2M$2M
North American LTL$34M$0-$2M-$2M$13M-$1M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$735M———$820M—
North American LTL$726M———$726M—

Impact of foreign exchange translation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation-$9.3M$21.3M$21.3M$21.3M$21.3M—
North American LTL$0$0$0$0$0—

Insurance and claims

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$17M$24M$25M$27M$34M$18M
European Transportation$12M$10M$15M$16M$13M$16M

Operating taxes and licenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$16M$16M$17M$17M$17M$16M
European Transportation$3M$3M$4M$4M$6M$5M

Payments for Restructuring

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$5M$4M$3M$1M$11M$3M
North American Intermodal Operation—$1M$1M$2M—$0
North American LTL$750K$1.3M$1.3M$1.3M$1.3M—

Pension (income) expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL-$6M-$2M-$2M-$2M-$1M-$4M
European Transportation$1M$0$0$0$1M$0

Purchased transportation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$354M$363M$394M$394M$388M$394M
North American LTL$44M$37M$32M$30M$24M$30M

Restructuring Reserve

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
European Transportation$1M$6M$4M$6M$3M$4M
North American Intermodal Operation$3M$1M$4M$2M$1M$0
North American LTL$3M———$1M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$1.2B$1.2B$1.2B$1.3B$1.2B$1.2B
European Transportation$766M$782M$841M$857M$845M$868M

Salaries, wages and employee benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$621M$615M$643M$648M$613M$642M
European Transportation$212M$212M$224M$224M$228M$235M

Total Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL$279M$250M$300M$308M$285M$290M
European Transportation$27M$32M$44M$38M$32M$33M

Restructuring Reserve, Foreign Currency Translation Gain (Loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North American LTL-$250K$0$0$0$0—