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GXO Logistics, Inc. (GXO) stock

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NYSE: GXO NYSE Air Freight & Logistics Next results ~November 3, 2026

C+ Fundamentals grade

GXO Logistics, Inc. is a US-listed company in the air freight & logistics industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 60% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 60% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

GXO Logistics, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds218 adding, 206 cuttingOf 61 active managers that changed their stake, 36 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter GXO Logistics files

Where GXO Logistics stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $13.6bn, up 7.6% on a year earlier, slower than 10.4% a quarter earlier. Free-cash-flow margin held at 1.3%. The diluted share count is down 2.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 2 financial-health checks. At that price, our model says the market is pricing in about 15.5% a year of cash-flow growth for five years, faster than the 11.4% a year revenue growth it has delivered.

Our model value for GXO Logistics is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

GXO Logistics, Inc.'s trailing-twelve-month revenue grew 7.6% year on year, with a free-cash-flow margin of 1.3%. Where it stands out: change in share count of -2.4% ranks 2 of 20 air freight & logistics companies we cover.

Our discounted-cash-flow model values the business at ~$38 per share in the base case (~$23–$58 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 7.6% (-2.8pp vs the prior quarter), the 5th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • High earnings multiple. The shares trade at 46 times the last 12 months' earnings, so expectations are demanding.
  • Growth easing. The growth rate is 2.8 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -2.8pp ranks 16 of 21 air freight & logistics companies we cover (median +2.4pp).
  • Short interest rising. Shares sold short rose 16% in a month to 7.6% of tradable shares.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.59 against an average estimate of $0.58: beat by 1.0%
Revenue
$3.44bn, up 4.3% on a year earlier
Share reaction
-5.9% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
organic revenue growth growth 4% to 5% (full year 2026); adjusted EBITDA $945m to $965m (full year 2026)
Next report
November 3, 2026; average EPS estimate $0.85

GXO Logistics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.7%
  • 1 week+5.7%
  • 1 month+11.9%
  • This year-1.0%
  • 1 year-7.3%
  • 5 years-47.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.6B
Operating margin
2.4%
Net margin
1.0%
EPS (TTM, diluted)
$1.13

Growth

Revenue growth
+7.6%
Change in growth rate
−2.8 pts
Share count change
−2.4%

Cash

Free cash flow (TTM)
$180M
FCF margin
1.3%
Stock pay % of revenue
0.3%

Earnings

Last results
August 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Leadership
  8. Announcement
  9. Results
  10. Guidance
  11. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

GXO Logistics, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 60% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value GXO Logistics, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.03 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$47 ~$43–$67 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$14 ~$8.9–$22 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.5 ~$8.2–$11 Left out: out of range vs price (0.18x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare GXO Logistics, Inc. with Air Freight & Logistics in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$90.83$42.69$61.16$43.50$52.64$52.12
Market value$10.5bn$5.0bn$7.3bn$5.2bn$6.1bn$6.0bn
+ Net debt (− = net cash)$628m$1.3bn$1.2bn$2.2bn$2.2bn$2.4bn
Enterprise value$11.1bn$6.3bn$8.5bn$7.4bn$8.3bn$8.5bn
Multiples
Price / sales 1.3x0.6x0.7x0.4x0.5x0.4x
Price / earnings 68.6x25.5x31.9x38.9x191.3x46.0x
Price / free cash flow 51.2x25.1x25.7x27.4x55.7x33.5x
EV / EBITDA 22.9x11.1x12.5x11.7x11.9x10.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

29 /100

Weak moat

How hard GXO Logistics's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.1% of total assets over 6 years.

  • Durability 10 / 20

    Operating margin has been a median 2.2%; its worst year was 1.7%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 6 of 6 years, at a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $3.5bn and EPS of $0.85 (range $0.83 to $0.88) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.02 +20% $13.9bn +6%
Next $3.52 +17% $14.6bn +5%

Next year's EPS estimate has moved −0.4% in 90 days, across 16 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.7% on 90 days ago. In the last 30 days, 2 analysts raised GXO Logistics, Inc.'s forecast and 4 cut it.

Consensus EPS forecast GXO Logistics, Inc., last 90 days
$3.00 $3.20 $3.40 $3.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.04 Current fiscal year, 60 days ago: $3.03 Current fiscal year, 30 days ago: $3.03 Current fiscal year, 7 days ago: $3.02 Current fiscal year, Now: $3.02 $3.02 Next fiscal year, 90 days ago: $3.53 Next fiscal year, 60 days ago: $3.54 Next fiscal year, 30 days ago: $3.54 Next fiscal year, 7 days ago: $3.54 Next fiscal year, Now: $3.52 $3.52

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.04$3.53
60 days ago $3.03$3.54
30 days ago $3.03$3.54
7 days ago $3.02$3.54
Now $3.02$3.52

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.58 $0.59 +1.0%
Mar 2026 $0.37 $0.50 +35.2%
Dec 2025 $0.83 $0.87 +4.2%
Sept 2025 $0.78 $0.79 +0.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Organic revenue growth full year 2026 4% growth to 5% growth Non-GAAP
    “Organic revenue growth 1 of 4% to 5%;” source
  • Adjusted diluted EPS full year 2026 $2.95 to $3.15 Non-GAAP Narrowed
    “Adjusted diluted EPS 1 of $2.95 to $3.15 (previously $2.90 to $3.20); and” source
  • Adjusted EBITDA full year 2026 $945m to $965m Non-GAAP Narrowed
    “Adjusted EBITDA 1 of $945 million to $965 million (previously $935 million to $975 million);” source
  • Free cash flow conversion full year 2026 30% to 40% Non-GAAP
    “Free cash flow conversion 1 of 30% to 40%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

17 analysts, Oct 2026
Buy17100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202641317
  2. Sep 202641217
  3. Aug 202641217
  4. Jul 202641217

Counts of recommendations published by analysts covering GXO Logistics, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.6%
of tradable shares
Days to cover
6.36
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.0%
of shares
Employees
150,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −7.3%

$56.21 on October 31, 2025 to $52.12

ThenNowEffect
Revenue (last 12 months) $12.7bn $13.6bn +7.6%
Net margin 0.5% 1.0% +93.3%
P/E multiple 105.8x 46.0x −56.5%
Share count 119m 116m +2.5%

Biggest factor: p/e multiple.

Last 3 years −2.9%

$53.68 on November 3, 2023 to $52.12

ThenNowEffect
Revenue (last 12 months) $9.5bn $13.6bn +44.0%
Net margin 2.1% 1.0% −54.3%
P/E multiple 32.2x 46.0x +43.1%
Share count 119m 116m +3.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
GXO−53%+43%−29%+21%−1%
Industry peers (median)−19%+16%−7%−19%−23%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
GXO33%67%58%67%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
GXO−64%−26%−34%−32%−33%
S&P 500−25%−10%−8%−19%−9%

Worst fall since July 22, 2021: 70% from November 18, 2021 to April 8, 2025. Getting back needed a 229% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$44.17 – $65.59
From 52-week high
−20.5%
vs 50-day average
+11.0%
vs 200-day average
+0.7%
Volatility (1 year)
40%
Beta vs S&P 500
1.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±5.3%
After a week
6 up, 6 down
typical move ±6.1%
After a month
3 up, 9 down
typical move ±7.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −5.9% +1.6% −7.8% −8.4%
May 5, 2026 +7.9% +2.2% +8.8% +7.3%
February 10, 2026 +8.1% −0.3% +11.6% −10.5%
November 4, 2025 −5.1% −0.8% −5.4% −5.8%
August 5, 2025 +4.2% +0.3% +6.0% +6.0%
May 7, 2025 +5.1% +1.1% +8.7% +11.7%
February 12, 2025 −15.6% +0.7% −7.2% −6.6%
November 4, 2024 −1.5% +1.0% +2.6% −13.2%
August 6, 2024 −3.9% +0.2% −4.7% −3.4%
May 7, 2024 −1.0% +0.1% +2.1% −1.1%
April 24, 2024 +0.8% −0.4% −1.7% −1.3%
February 13, 2024 −4.6% −0.5% −6.2% −12.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

GXO Logistics, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) GXO Logistics, Inc.
$9B $10B $11B $12B $13B $14B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $9.7B Revenue (TTM), FY23 Q4: $9.8B Revenue (TTM), FY24 Q1: $9.9B Revenue (TTM), FY24 Q2: $10.4B Revenue (TTM), FY24 Q3: $11B Revenue (TTM), FY24 Q4: $11.7B Revenue (TTM), FY25 Q1: $12.2B Revenue (TTM), FY25 Q2: $12.7B Revenue (TTM), FY25 Q3: $12.9B Revenue (TTM), FY25 Q4: $13.2B Revenue (TTM), FY26 Q1: $13.5B Revenue (TTM), FY26 Q2: $13.6B $13.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $9.7B
FY23 Q4 $9.8B
FY24 Q1 $9.9B
FY24 Q2 $10.4B
FY24 Q3 $11B
FY24 Q4 $11.7B
FY25 Q1 $12.2B
FY25 Q2 $12.7B
FY25 Q3 $12.9B
FY25 Q4 $13.2B
FY26 Q1 $13.5B
FY26 Q2 $13.6B
Revenue growth, TTM YoY GXO Logistics, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 9.9% Revenue growth, TTM YoY, FY23 Q4: 8.7% Revenue growth, TTM YoY, FY24 Q1: 7.3% Revenue growth, TTM YoY, FY24 Q2: 9.4% Revenue growth, TTM YoY, FY24 Q3: 14.4% Revenue growth, TTM YoY, FY24 Q4: 19.7% Revenue growth, TTM YoY, FY25 Q1: 23.4% Revenue growth, TTM YoY, FY25 Q2: 22.4% Revenue growth, TTM YoY, FY25 Q3: 16.9% Revenue growth, TTM YoY, FY25 Q4: 12.5% Revenue growth, TTM YoY, FY26 Q1: 10.4% Revenue growth, TTM YoY, FY26 Q2: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 9.9%
FY23 Q4 8.7%
FY24 Q1 7.3%
FY24 Q2 9.4%
FY24 Q3 14.4%
FY24 Q4 19.7%
FY25 Q1 23.4%
FY25 Q2 22.4%
FY25 Q3 16.9%
FY25 Q4 12.5%
FY26 Q1 10.4%
FY26 Q2 7.6%
Operating margin (TTM) GXO Logistics, Inc.
1.5% 2% 2.5% 3% 3.5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.2% Operating margin (TTM), FY23 Q4: 3.3% Operating margin (TTM), FY24 Q1: 2.4% Operating margin (TTM), FY24 Q2: 2.1% Operating margin (TTM), FY24 Q3: 1.8% Operating margin (TTM), FY24 Q4: 1.9% Operating margin (TTM), FY25 Q1: 1.6% Operating margin (TTM), FY25 Q2: 1.7% Operating margin (TTM), FY25 Q3: 2.0% Operating margin (TTM), FY25 Q4: 1.9% Operating margin (TTM), FY26 Q1: 2.5% Operating margin (TTM), FY26 Q2: 2.4% 2.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.2%
FY23 Q4 3.3%
FY24 Q1 2.4%
FY24 Q2 2.1%
FY24 Q3 1.8%
FY24 Q4 1.9%
FY25 Q1 1.6%
FY25 Q2 1.7%
FY25 Q3 2.0%
FY25 Q4 1.9%
FY26 Q1 2.5%
FY26 Q2 2.4%
FCF margin (TTM) GXO Logistics, Inc.
0% 1% 2% 3% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.7% FCF margin (TTM), FY23 Q4: 2.9% FCF margin (TTM), FY24 Q1: 3.2% FCF margin (TTM), FY24 Q2: 3.3% FCF margin (TTM), FY24 Q3: 2.3% FCF margin (TTM), FY24 Q4: 1.6% FCF margin (TTM), FY25 Q1: 1.3% FCF margin (TTM), FY25 Q2: 0.7% FCF margin (TTM), FY25 Q3: 0.6% FCF margin (TTM), FY25 Q4: 0.8% FCF margin (TTM), FY26 Q1: 0.9% FCF margin (TTM), FY26 Q2: 1.3% 1.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.7%
FY23 Q4 2.9%
FY24 Q1 3.2%
FY24 Q2 3.3%
FY24 Q3 2.3%
FY24 Q4 1.6%
FY25 Q1 1.3%
FY25 Q2 0.7%
FY25 Q3 0.6%
FY25 Q4 0.8%
FY26 Q1 0.9%
FY26 Q2 1.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 6.1 6.2 7.9 9.0 9.8 11.7 13.2 13.6
EBITDA 0.5 0.3 0.5 0.6 0.7 0.6 0.7 0.8
Operating income 0.2 0.0 0.2 0.2 0.3 0.2 0.2 0.3
Net income 0.1 −0.0 0.2 0.2 0.2 0.1 0.0 0.1
Diluted EPS $0.52 −$0.27 $1.32 $1.67 $1.92 $1.12 $0.28 $1.13
Growth (year on year)
Revenue — +1.7% +28.2% +13.3% +8.7% +19.7% +12.5% +7.6%
EBITDA — −25.0% +43.4% +17.5% +18.9% −6.8% +10.9% +21.3%
Operating income — −89.3% — — +31.4% −31.4% — —
Net income — — — — +16.2% −41.5% — —
Diluted EPS — — — — +15.0% −41.7% — —
Margins
EBITDA margin 7.4% 5.5% 6.1% 6.3% 6.9% 5.4% 5.3% 5.8%
Operating margin 2.5% 0.3% 1.9% 2.7% 3.3% 1.9% 1.9% 2.4%
Net margin 1.0% −0.5% 1.9% 2.2% 2.3% 1.1% 0.2% 1.0%
Free-cash-flow margin −1.3% 1.8% 2.6% 2.2% 2.9% 1.6% 0.8% 1.3%
Cash flow
Cash from operations 0.1 0.3 0.5 0.5 0.6 0.5 0.4 0.5
Capital spending 0.2 0.2 0.3 0.3 0.3 0.4 0.3 0.3
Free cash flow −0.1 0.1 0.2 0.2 0.3 0.2 0.1 0.2
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay −0.1 0.1 0.2 0.2 0.2 0.2 0.1 0.1
Balance sheet
Cash 0.2 0.3 0.3 0.5 0.5 0.4 0.9 0.8
Total debt 0.0 0.7 1.0 1.8 1.6 2.6 3.1 3.2
Net debt (negative = net cash) −0.2 0.3 0.6 1.3 1.2 2.2 2.2 2.4
Diluted shares 115m 115m 116m 118m 119m 120m 116m 116m
Returned to shareholders
Buybacks — — — — 0.0 0.0 0.2 0.0
Total returned — — — — 0.0 0.0 0.2 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $12.4bn
Short-term assets $3.3bnLonger-term assets $9.1bn
What it owes, and who funded it · $7.1bn
Short-term liabilities $4.1bnShareholders' equity $3.0bn
  • Short-term assets cover short-term liabilities $3.3bn of assets due within a year against $4.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $769m of cash against $2.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 82% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 39% to 82% over five years.
  • A year's operating cash flow covers at least 20% of debt $509m of operating cash flow against $2.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $328m against $132m of interest.

From GXO Logistics, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$18M
Returned to shareholders
10%
of free cash flow
Buybacks, last 3 fiscal years
$200M
Diluted share count
−2.4%
year over year
Total shareholder yield
0.3%
dividends 0.0% + buybacks 0.3% of market value
Sales & admin spending
8.5%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in air freight & logistics
Last 12 months unless stated GXO EXPD CHRW ZTO RXO FWRD Median
Revenue, last 12 months $13.6bn $12.0bn $18.2bn $6.8bn $6.5bn $2.5bn $555m
Revenue growth, last 12 months 7.6% 6.8% 10.4% 11.0% 10.1% −0.1% 6.4%
Revenue growth, 3-year average 12.9% −1.6% −0.4% — 17.1% 18.1% 2.5%
Revenue growth, latest quarter 4.3% 32.1% 29.5% — 31.7% 8.8% 15.2%
Gross margin — 30.4% — 25.0% — 51.8% 10.9%
Operating margin 2.4% 9.8% 4.9% 21.3% −0.8% −6.7% −0.8%
Operating margin, 3-year average 2.1% 9.7% 4.3% 22.7% −0.8% −21.1% 2.0%
Net margin 1.0% 7.6% 3.7% 18.5% −1.3% −11.4% 1.0%
Cash from operations / revenue 3.7% 8.1% 2.9% 24.4% −0.2% 2.8% 1.0%
Free-cash-flow margin 1.3% 7.7% 2.9% 12.0% −1.1% 1.9% 1.0%
Free-cash-flow margin, 3-year average 1.8% 7.5% 3.2% 3.7% −0.8% −0.3% 1.5%
Stock pay / revenue 0.3% 0.6% 0.5% 0.5% 0.4% 0.4% 0.5%
Change in share count −2.4% −3.7% −1.1% −2.1% 1.4% 7.2% 0.8%

Median of all 21 companies we cover in air freight & logistics. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 air freight & logistics companies
Measure Company Peer median Rank
Revenue growth Growth 7.6% 6.4% 8 of 21
Change in growth rate Growth -2.8pp +2.4pp 16 of 21
Operating margin Profitability 2.4% -0.8% 9 of 21
Net margin Profitability 1.0% 1.0% 11 of 21
Free-cash-flow margin Cash generation 1.3% 1.0% 10 of 21
Stock pay as % of revenue Cash generation 0.3% 0.5% 6 of 18
Long-term debt as % of assets Balance sheet 19.8% 16.8% 10 of 15
Change in share count Balance sheet -2.4% 0.9% 2 of 20
Days sales outstanding Balance sheet 55 days 55 days 9 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
E Commerce Omnichannel and Consumer Technology $6.4B 48.6% ▲ 19.5%
Technology and Consumer Electronics $1.6B 12.5% ▲ 6.7%
Industrial and Manufacturing $1.5B 11.6% ▲ 14.2%
Food and Beverage $1.4B 10.5% ▲ 3.8%
Consumer Packaged Goods $1.3B 9.5% ▼ 0.1%
Other $960M 7.3% ▲ 9.2%
Geography
Region Revenue Share YoY
United Kingdom $6.3B 47.8% ▲ 20.0%
United States $3.2B 24.0% ▲ 2.3%
Netherlands $1B 7.9% ▲ 12.3%
France $822M 6.2% ▲ 1.6%
Other Geographical Areas $811M 6.2% ▲ 19.1%
ES $651M 4.9% ▲ 14.0%
IT $405M 3.1% ▲ 3.6%

From GXO Logistics, Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.1B
Institutions reporting
476
Shares held vs prior quarter
▲ 5.6%
Positions opened / closed
53 / 49

Top buyers and sellers, Q2 2026: 218 institutions bought and 206 sold ; the biggest buyer was Spruce House Investment Management LLC (+2.0M shares) and the biggest seller Focus Partners Wealth (−2.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Orbis Allan Gray Ltd $681M 13.4M 11.1% 0.0%
Blackrock, Inc. $572M 11.3M 9.3% ▲ 9.2%
Spruce House Investment Management LLC $266M 5.3M 4.4% ▲ 61.5%
Vanguard Capital Management LLC $264M 5.2M 4.3% ▲ 1.1%
Dimensional Fund Advisors LP $262M 5.2M 4.3% ▲ 6.1%
Vanguard Portfolio Management LLC $249M 4.9M 4.1% ▼ 0.4%
Clearbridge Investments, LLC $239M 4.7M 3.9% ▼ 0.1%
FMR LLC $210M 4.1M 3.4% ▲ 21.8%
State Street Corp $195M 3.8M 3.2% ▲ 6.1%
River Road Asset Management, LLC $165M 3.3M 2.7% ▼ 7.9%
Khrom Capital Management LLC $145M 2.9M 2.4% ▲ 43.5%
Neuberger Berman Group LLC $120M 2.4M 2.0% ▼ 0.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not GXO Logistics, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $303,540 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $303,540 net buying
Insider Date Trade Shares Price Value
Cooper Todd C Director November 28, 2025 Buy 6,000 $50.59 $303,540

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in GXO Logistics, Inc. disclosed in the last 12 months; 4 earlier trades on record.

  • Lois Frankel(D-FL 21):Sale (full), $1,001 - $15,000, traded July 27, 2022, filed August 31, 2022
  • Lois Frankel(D-FL 21):Sale (partial), $1,001 - $15,000, traded May 25, 2022, filed June 16, 2022
  • Lois Frankel(D-FL 21):Purchase, $1,001 - $15,000, traded April 27, 2022, filed June 9, 2022

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 10, 2026
  • November 4, 2025
  • August 5, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on GXO Logistics, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

GXO Logistics, Inc. in brief

What does GXO Logistics, Inc. do?
GXO Logistics, Inc. is a US-listed company in the air freight & logistics industry. Its financial year ends in December.
What is GXO Logistics, Inc.'s stock ticker?
GXO Logistics, Inc. trades under the ticker GXO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is GXO Logistics, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, GXO Logistics, Inc. reported revenue of $13.6B, 7.6% higher than a year earlier, according to its SEC filings.
What is GXO Logistics, Inc.'s free cash flow?
GXO Logistics, Inc.'s free-cash-flow margin is 1.3% of revenue over the trailing twelve months, ranking 10 of the 21 air freight & logistics companies we cover.
Who are GXO Logistics, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Orbis Allan Gray Ltd, Blackrock, Inc. and Spruce House Investment Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is GXO Logistics, Inc. buying back stock, and does it pay a dividend?
GXO Logistics, Inc. spent $18M on share repurchases over the trailing twelve months, and its diluted share count fell 2.4% over the year.
What is GXO Logistics, Inc.'s market cap?
On November 2, 2026, GXO Logistics, Inc.'s market capitalisation was about $6B, with a price-to-earnings ratio of 46.0 and net debt of $2.4B. Market figures come from third-party market data and may be delayed.
How much debt does GXO Logistics, Inc. have?
GXO Logistics, Inc.'s debt-to-equity ratio is 82.1%, from its latest balance sheet (39.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are GXO Logistics, Inc.'s competitors?
In our Air Freight & Logistics peer group, the companies closest to GXO Logistics, Inc. are Expeditors International, C.H. Robinson, ZTO Express (cayman) Inc., RXO, Inc. and Forward AIR Corp. The side-by-side comparison below sets their revenue, margins and growth against GXO Logistics, Inc.'s.
Are insiders buying or selling GXO Logistics, Inc. stock?
Over the last 12 months, GXO Logistics, Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is GXO Logistics, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — GXO Logistics, Inc. announces its own schedule.