XPO, Inc. (XPO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XPO SEC filings page.
XPO, Inc. (XPO) reported $8.6B in revenue over the twelve months to Jun 30, 2026, up 7.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
XPO’s operating margins have held their step-up as cash generation swings with reinvestment, while lower leverage improves the balance sheet.
Free cash flow recovery reached$329M in FY2025 from$19M in FY2024 even as operating income stayed nearly flat. That pairing makes capital-spending timing, rather than accounting earnings alone, the main explanation for the cash swing.
Operating margin stepped from
Operating cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of XPO, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
XPO, Inc. has an operating margin of 8.0%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 8.2% the prior year.
XPO, Inc.'s revenue grew a modest 1.1% year-over-year to $8.2B. This slow but positive growth earns a score of 40/100.
XPO, Inc. has elevated debt relative to equity (D/E of 1.75), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.
XPO, Inc.'s current ratio of 1.05 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.
XPO, Inc.'s free cash flow margin of 4.0% results in a low score of 25/100. Capital expenditures of $657.0M absorb a large share of operating cash flow.
XPO, Inc. earns a strong 17.0% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is down from 24.2% the prior year.
XPO, Inc. scores 3.42, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($21.1B) relative to total liabilities ($6.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
XPO, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, XPO, Inc. generates $3.12 in operating cash flow ($986.0M OCF vs $316.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
XPO, Inc. earns $3.00 in operating income for every $1 of interest expense ($656.0M vs $219.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
XPO, Inc. generated $2.4B in revenue in Q2 2026. This represents an increase of 13.2% from the same quarter a year earlier. Against the prior quarter it is up 12.4%.
XPO, Inc.'s EBITDA was $405.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.1% from the same quarter a year earlier. Against the prior quarter it is up 32.8%.
XPO, Inc. reported $162.0M in net income in Q2 2026. This represents an increase of 52.8% from the same quarter a year earlier. Against the prior quarter it is up 60.4%.
XPO, Inc. earned $1.36 per diluted share (EPS) in Q2 2026. This represents an increase of 52.8% from the same quarter a year earlier. Against the prior quarter it is up 60.0%.
Cash & Balance Sheet
XPO, Inc. generated $181.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 254.9% from the same quarter a year earlier. Against the prior quarter it is up 151.4%.
XPO, Inc. held $298.0M in cash against $3.0B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
XPO, Inc.'s operating margin was 11.5% in Q2 2026, reflecting core business profitability. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
XPO, Inc.'s net profit margin was 6.9% in Q2 2026, showing the share of revenue converted to profit. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
XPO, Inc.'s ROE was 8.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.
Not reported for Q2 2026.
Capital Allocation
XPO, Inc. spent $70.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 600.0% from the same quarter a year earlier. Against the prior quarter it is up 133.3%.
XPO, Inc. invested $127.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 35.2% from the same quarter a year earlier. Against the prior quarter it is up 14.4%.
Not reported for Q2 2026.
XPO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4B+13.2% | $2.1B+7.3% | $2.0B+4.7% | $2.1B+2.8% | $2.1B0.0% | $2.0B-3.2% | $1.9B-0.9% | $2.1B+3.7% |
| SG&A Expenses | $929.0M+6.7% | $880.0M+5.8% | $845.0M+1.0% | $876.0M+2.8% | $871.0M+2.0% | $832.0M-0.2% | $837.0M | $852.0M+5.3% |
| Operating Income | $271.0M+36.9% | $174.0M+15.2% | $143.0M-4.0% | $164.0M-6.8% | $198.0M+0.5% | $151.0M+9.4% | $149.0M+25.2% | $176.0M+14.3% |
| EBITDA | $405.0M+23.1% | $305.0M+11.3% | $222.0M+2.8% | $298.0M-1.3% | $329.0M+3.1% | $274.0M+7.5% | $216.0M | $302.0M+14.4% |
| Interest Expense | $51.0M-8.9% | $53.0M-5.4% | $53.0M0.0% | $54.0M-3.6% | $56.0M0.0% | $56.0M-3.4% | $53.0M | $56.0M+36.6% |
| Income Tax | $56.0M+51.4% | $23.0M+4.5% | $32.0M+23.1% | $30.0M-25.0% | $37.0M+1333.3% | $22.0M-4.3% | $26.0M | $40.0M+29.0% |
| Net Income | $162.0M+52.8% | $101.0M+46.4% | $59.0M-21.3% | $82.0M-13.7% | $106.0M-29.3% | $69.0M+3.0% | $75.0M+29.3% | $95.0M+13.1% |
| EPS (Basic) | $1.38+53.3% | $0.87+47.5% | $0.51-21.5% | $0.69-14.8% | $0.90-30.2% | $0.59+1.7% | $0.65+30.0% | $0.81+11.0% |
| EPS (Diluted) | $1.36+52.8% | $0.85+46.6% | $0.49-22.2% | $0.68-13.9% | $0.89-28.8% | $0.58+3.6% | $0.63+28.6% | $0.79+11.3% |
| Diluted Shares (Avg) | 118M-0.8% | 119M-0.8% | N/A | 120M0.0% | 119M-0.8% | 120M0.0% | N/A | 120M+0.8% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
XPO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.3B+2.5% | $8.2B+3.9% | $8.2B+6.3% | $8.2B+3.4% | $8.1B+5.2% | $7.9B+3.6% | $7.7B+2.9% | $7.9B+23.3% |
| Current Assets | $1.8B+11.8% | $1.7B+6.0% | $1.6B+8.3% | $1.7B+2.7% | $1.6B+4.8% | $1.6B+3.4% | $1.5B-5.5% | $1.7B+2.5% |
| Cash & Equivalents | $298.0M+32.4% | $237.0M+11.8% | $310.0M+26.0% | $335.0M-11.4% | $225.0M-10.0% | $212.0M-7.4% | $246.0M-40.3% | $378.0M+6.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.3B+11.9% | $1.2B+7.4% | $1.0B+5.9% | $1.1B+3.7% | $1.1B+4.0% | $1.1B+0.6% | $977.0M+0.4% | $1.1B+0.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.5B-1.6% | $1.5B+2.7% | $1.5B+5.9% | $1.5B+2.0% | $1.6B+4.9% | $1.5B+0.5% | $1.5B-2.5% | $1.5B+3.5% |
| Total Liabilities | $6.4B+0.3% | $6.3B+1.5% | $6.3B+3.6% | $6.4B+1.4% | $6.4B+2.0% | $6.2B-0.5% | $6.1B-1.8% | $6.3B+20.1% |
| Current Liabilities | $1.8B+12.2% | $1.7B+9.0% | $1.6B+9.5% | $1.7B+6.7% | $1.6B+3.7% | $1.6B-4.4% | $1.4B-10.7% | $1.6B+2.7% |
| Non-Current Liabilities | $4.6B-3.7% | $4.6B-1.0% | $4.8B+1.9% | $4.7B-0.3% | $4.8B+1.4% | $4.7B+0.8% | $4.7B+1.2% | $4.7B+27.2% |
| Long-Term Debt | $3.0B-8.9% | $3.2B-4.9% | $3.3B-2.2% | $3.2B-3.6% | $3.3B+0.4% | $3.3B+0.4% | $3.3B-0.3% | $3.3B+36.6% |
| Total Equity | $2.0B+10.2% | $1.9B+12.9% | $1.9B+16.2% | $1.8B+10.7% | $1.8B+18.8% | $1.6B+23.1% | $1.6B+26.5% | $1.6B+37.1% |
| Retained Earnings | $1.2B+54.1% | $989.0M+54.3% | $888.0M+55.2% | $829.0M+67.1% | $747.0M+85.8% | $641.0M+154.4% | $572.0M+209.2% | $496.0M+290.6% |
Not reported in any period shown, so not listed: Inventory.
XPO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $308.0M+24.7% | $183.0M+28.9% | $226.0M+19.6% | $371.0M+40.5% | $247.0M+17.6% | $142.0M-2.1% | $189.0M-24.7% | $264.0M+11.9% |
| Depreciation & Amortization | $134.0M+2.3% | $131.0M+6.5% | $79.0M+17.9% | $134.0M+6.3% | $131.0M+7.4% | $123.0M+5.1% | $67.0M | $126.0M+14.5% |
| Stock-Based Compensation | N/A | $13.0M-13.3% | N/A | N/A | N/A | $15.0M-21.1% | N/A | N/A |
| Capital Expenditures | $127.0M-35.2% | $111.0M-44.2% | $106.0M-36.1% | $156.0M+22.8% | $196.0M+3.2% | $199.0M-35.0% | $166.0M-84.0% | $127.0M-8.6% |
| Free Cash Flow | $181.0M+254.9% | $72.0M+226.3% | $120.0M+421.7% | $215.0M+56.9% | $51.0M+155.0% | -$57.0M+64.6% | $23.0M+102.9% | $137.0M+41.2% |
| Investing Cash Flow | -$101.0M+47.1% | -$107.0M+44.0% | N/A | -$150.0M-30.4% | -$191.0M-3.8% | -$191.0M+36.1% | N/A | -$115.0M |
| Financing Cash Flow | -$153.0M-247.7% | -$147.0M-390.0% | N/A | -$111.0M-362.5% | -$44.0M-633.3% | -$30.0M-3.4% | N/A | -$24.0M+33.3% |
| Share Buybacks | $70.0M+600.0% | $30.0M | $68.0M | $47.0M | $10.0M | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
XPO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.5%+2.0pp | 8.3%+0.6pp | 7.1%-0.6pp | 7.8%-0.8pp | 9.5%0.0pp | 7.7%+0.9pp | 7.8%+1.6pp | 8.6%+0.8pp |
| Net Margin | 6.9%+1.8pp | 4.8%+1.3pp | 2.9%-1.0pp | 3.9%-0.8pp | 5.1%-2.1pp | 3.5%+0.2pp | 3.9%+0.9pp | 4.6%+0.4pp |
| Return on Equity | 8.3%+2.3pp | 5.5%+1.3pp | 3.2%-1.5pp | 4.5%-1.3pp | 5.9%-4.1pp | 4.2%-0.8pp | 4.7%+0.1pp | 5.8%-1.2pp |
| Return on Assets | 1.9%+0.6pp | 1.2%+0.3pp | 0.7%-0.3pp | 1.0%-0.2pp | 1.3%-0.6pp | 0.9%0.0pp | 1.0%+0.2pp | 1.2%-0.1pp |
| Current Ratio | 1.010.0x | 0.990.0x | 1.050.0x | 1.020.0x | 1.010.0x | 1.02+0.1x | 1.06+0.1x | 1.060.0x |
| Debt-to-Equity | 1.55-0.3x | 1.71-0.3x | 1.75-0.3x | 1.77-0.3x | 1.88-0.3x | 2.03-0.5x | 2.08-0.6x | 2.040.0x |
| Asset Turnover | 0.280.0x | 0.260.0x | 0.250.0x | 0.260.0x | 0.260.0x | 0.250.0x | 0.250.0x | 0.260.0x |
| FCF Margin | 7.7%+5.2pp | 3.4%+6.4pp | 6.0%+4.8pp | 10.2%+3.5pp | 2.5%+1.5pp | -2.9%+5.1pp | 1.2%+41.8pp | 6.7%+1.8pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| XPO, Inc. XPO | FY2025 | $8.2B | $316.0M | 3.9% | $21.1B | 39/100 |
| Old Dominion Freight Line ODFL | FY2025 | $5.5B | $1.0B | 18.6% | $37.2B | 70/100 |
| Saia, Inc. SAIA | FY2025 | $3.2B | $255.0M | 7.9% | $9.2B | 58/100 |
| Knight-Swift Transportation Holdings Inc. KNX | FY2025 | $7.5B | $65.9M | 0.9% | $10.6B | 29/100 |
| Schneider National, Inc. SNDR | FY2025 | $5.7B | $103.6M | 1.8% | $5.7B | 51/100 |
| TFI International Inc. TFII | FY2025 | $7.9B | $310.6M | 3.9% | $9.4B | 33/100 |
Where XPO, Inc. Ranks
Frequently Asked Questions
What is XPO, Inc.'s annual revenue?
XPO, Inc. (XPO) reported $8.2B in total revenue for fiscal year 2025. This represents a 1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is XPO, Inc.'s revenue growing?
XPO, Inc. (XPO) revenue grew by 1.1% year-over-year, from $8.1B to $8.2B in fiscal year 2025.
Is XPO, Inc. profitable?
Yes, XPO, Inc. (XPO) reported a net income of $316.0M in fiscal year 2025, with a net profit margin of 3.9%.
What is XPO, Inc.'s EBITDA?
XPO, Inc. (XPO) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does XPO, Inc. have?
As of fiscal year 2025, XPO, Inc. (XPO) had $310.0M in cash and equivalents against $3.3B in long-term debt.
What is XPO, Inc.'s operating margin?
XPO, Inc. (XPO) had an operating margin of 8.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is XPO, Inc.'s net profit margin?
XPO, Inc. (XPO) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is XPO, Inc.'s return on equity (ROE)?
XPO, Inc. (XPO) has a return on equity of 17.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is XPO, Inc.'s free cash flow?
XPO, Inc. (XPO) generated $329.0M in free cash flow during fiscal year 2025. This represents a 1631.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is XPO, Inc.'s operating cash flow?
XPO, Inc. (XPO) generated $986.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are XPO, Inc.'s total assets?
XPO, Inc. (XPO) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are XPO, Inc.'s capital expenditures?
XPO, Inc. (XPO) invested $657.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is XPO, Inc.'s current ratio?
XPO, Inc. (XPO) had a current ratio of 1.05 as of fiscal year 2025, which is considered adequate.
What is XPO, Inc.'s debt-to-equity ratio?
XPO, Inc. (XPO) had a debt-to-equity ratio of 1.75 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is XPO, Inc.'s return on assets (ROA)?
XPO, Inc. (XPO) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is XPO, Inc.'s P/E ratio?
XPO, Inc. (XPO) trades at 52.3x earnings, its market capitalization divided by net income of $404.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $21.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is XPO, Inc.'s price-to-sales ratio?
XPO, Inc. (XPO) trades at 2.5x sales, its market capitalization divided by revenue of $8.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $21.1B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is XPO, Inc.'s Altman Z-Score?
XPO, Inc. (XPO) has an Altman Z-Score of 3.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is XPO, Inc.'s Piotroski F-Score?
XPO, Inc. (XPO) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are XPO, Inc.'s earnings high quality?
XPO, Inc. (XPO) has an earnings quality ratio of 3.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can XPO, Inc. cover its interest payments?
XPO, Inc. (XPO) has an interest coverage ratio of 3.00x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is XPO, Inc.?
XPO, Inc. (XPO) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.