XPO Logistics, Inc. (XPO) Income Statement
XPO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXPO revenue and net income
Where XPO's revenue goes
2025Each bar shows an amount and its share of revenue. XPO kept 3.9% of revenue as net income.
XPO profit margins
XPO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.1% | +1.9% | +5.7% | +0.7% |
| Gross profit | +7.0% | +10.3% | +1.0% | −1.0% |
| Operating income | +10.5% | +24.6% | +49.7% | — |
| Net income | −18.3% | −22.0% | +23.5% | — |
| EPS (diluted) | −2.9% | −12.1% | +14.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XPO quarterly EPS vs estimates
XPO Logistics beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.56).
XPO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.16B | $8.07B | $7.74B | $7.72B | $7.20B | $6.17B | $10.68B | $17.28B | $15.38B | $14.62B |
| Cost of revenue | $7.18B | $7.16B | $6.97B | $6.99B | $6.68B | $5.24B | $9.01B | $14.74B | $13.14B | $12.50B |
| Gross profit | $979.0M | $915.0M | $770.0M | $730.0M | $525.0M | $932.0M | $1.67B | $2.54B | $2.24B | $2.12B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $167.0M | $134.0M | $167.0M | $183.0M | $174.0M | $2.17B | $1.84B | $1.84B | $1.66B | $1.65B |
| Total operating expenses | $250.0M | $255.0M | $332.0M | $353.0M | $213.0M | $835.0M | $1.11B | $1.84B | $1.66B | $1.65B |
| Operating income | $729.0M | $660.0M | $438.0M | $377.0M | $312.0M | $97.0M | $561.0M | $704.0M | $582.0M | $464.0M |
| Interest income | $219.0M | $223.0M | $168.0M | $135.0M | $209.0M | $322.0M | $301.0M | $220.0M | $342.0M | $321.0M |
| Interest expense | $219.0M | $223.0M | $168.0M | $135.0M | $211.0M | $308.0M | $268.0M | $217.0M | $284.0M | $361.0M |
| Income before taxes | $437.0M | $473.0M | $260.0M | $258.0M | $107.0M | −$164.0M | $301.0M | $566.0M | $261.0M | $107.0M |
| Income taxes | $121.0M | $86.0M | $68.0M | $74.0M | $11.0M | −$54.0M | $60.0M | $122.0M | −$99.0M | $22.0M |
| Net income | $316.0M | $387.0M | $189.0M | $666.0M | $336.0M | $110.0M | $419.0M | $422.0M | $340.0M | $69.0M |
| EBITDA | $1.18B | $1.19B | $860.0M | $785.0M | $703.0M | $522.0M | $1.04B | $1.50B | $1.20B | $1.11B |
| EPS (diluted) | $3.73 | $3.84 | $2.92 | $5.49 | $5.60 | $1.87 | $4.09 | $3.20 | $1.94 | $0.99 |
| Gross margin | 12.0% | 11.3% | 9.9% | 9.5% | 7.3% | 15.1% | 15.6% | 14.7% | 14.6% | 14.5% |
| Operating margin | 8.9% | 8.2% | 5.7% | 4.9% | 4.3% | 1.6% | 5.3% | 4.1% | 3.8% | 3.2% |
| Net margin | 3.9% | 4.8% | 2.4% | 8.6% | 4.7% | 1.8% | 3.9% | 2.4% | 2.2% | 0.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | $2.10B | $2.01B | $2.11B | $2.08B | $1.95B | $1.92B | $2.05B | $2.08B | $2.02B | $1.94B | $1.98B |
| Cost of revenue | $2.00B | $1.86B | $1.78B | $1.84B | $1.81B | $1.75B | $1.74B | $1.81B | $1.81B | $1.80B | $1.74B | $1.76B |
| Gross profit | $352.0M | $239.0M | $233.0M | $271.0M | $268.0M | $207.0M | $187.0M | $246.0M | $265.0M | $216.0M | $199.0M | $218.0M |
| Sales, general & admin | $40.0M | $34.0M | $49.0M | $43.0M | $40.0M | $35.0M | $29.0M | $33.0M | $33.0M | $38.0M | $38.0M | $39.0M |
| Total operating expenses | $62.0M | $55.0M | $71.0M | $64.0M | $70.0M | $56.0M | $38.0M | $70.0M | $68.0M | $78.0M | $80.0M | $64.0M |
| Operating income | $290.0M | $184.0M | $162.0M | $207.0M | $198.0M | $151.0M | $149.0M | $176.0M | $197.0M | $138.0M | $119.0M | $154.0M |
| Interest income | — | — | $53.0M | $54.0M | $56.0M | $56.0M | $53.0M | $56.0M | — | — | — | $41.0M |
| Interest expense | $51.0M | $53.0M | $53.0M | $54.0M | $56.0M | $56.0M | $53.0M | $56.0M | $56.0M | $58.0M | $42.0M | $41.0M |
| Income before taxes | $218.0M | $124.0M | $91.0M | $112.0M | $143.0M | $91.0M | $101.0M | $135.0M | $147.0M | $90.0M | $78.0M | $117.0M |
| Income taxes | $56.0M | $23.0M | $32.0M | $30.0M | $37.0M | $22.0M | $26.0M | $40.0M | −$3.0M | $23.0M | $20.0M | $31.0M |
| Net income | $162.0M | $101.0M | $59.0M | $82.0M | $106.0M | $69.0M | $75.0M | $95.0M | $150.0M | $67.0M | $58.0M | $84.0M |
| EBITDA | $403.0M | $308.0M | $277.0M | $300.0M | $330.0M | $270.0M | $279.0M | $317.0M | $325.0M | $265.0M | $234.0M | $268.0M |
| EPS (diluted) | $1.70 | $1.01 | $0.88 | $1.07 | $1.05 | $0.73 | $0.89 | $1.02 | $1.12 | $0.81 | $0.77 | $0.88 |
| Gross margin | 14.9% | 11.4% | 11.6% | 12.8% | 12.9% | 10.6% | 9.7% | 12.0% | 12.7% | 10.7% | 10.3% | 11.0% |
| Operating margin | 12.3% | 8.8% | 8.1% | 9.8% | 9.5% | 7.7% | 7.8% | 8.6% | 9.5% | 6.8% | 6.1% | 7.8% |
| Net margin | 6.9% | 4.8% | 2.9% | 3.9% | 5.1% | 3.5% | 3.9% | 4.6% | 7.2% | 3.3% | 3.0% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XPO's financial statements (latest annual report filed February 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XPO financial results
In fiscal year 2025 (ended December 31, 2025), XPO Logistics reported revenue of $8.2 billion, up 1.1% from the year before. It had net income of $316.0 million (down 18.3%), a net profit margin of 3.9%. Diluted earnings per share came to $3.73. Over five years revenue grew at an average rate of 5.7% a year.
See the XPO stock overview for the latest quote and news, or the XPO chart for price history and technical indicators.
XPO income statement FAQ
What is XPO Logistics's annual revenue?
XPO Logistics reported total revenue of $8.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.1% from $8.1 billion the previous year.
Is XPO Logistics profitable?
Yes. XPO Logistics reported net income of $316.0 million in fiscal 2025, a net profit margin of 3.9%; its operating margin was 8.9%.
What is XPO Logistics's gross margin?
XPO Logistics's gross margin was 12.0% in fiscal 2025: for every $100 of revenue, XPO Logistics kept $12 after the direct cost of its products and services.
How fast is XPO Logistics growing?
Revenue grew 5.7% a year on average over the last five fiscal years, from $6.2 billion to $8.2 billion.
What are XPO Logistics's earnings per share?
XPO Logistics earned $3.73 per diluted share in fiscal 2025, compared with $3.84 a year earlier.
When will XPO Logistics report its next earnings?
XPO Logistics is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does XPO Logistics's fiscal year end?
XPO Logistics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 5, 2026.