XPO, Inc. income statement
In fiscal 2025, XPO, Inc. reported revenue of $8.16bn, up 1.1% on the year before, operating income of $656m (a 8.0% margin) and net income of $316m, or $2.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.1 | 0.2 | 0.2 | 0.3 | 0.7 | 2.4 | 7.6 | 14.6 | 15.4 | 17.3 | 10.7 | 6.2 | 7.2 | 7.7 | 7.7 | 8.1 | 8.2 | 8.8 |
| Cost of revenue | — | — | — | — | — | — | — | 7.9 | 8.1 | 9.0 | 8.3 | 7.9 | — | — | — | — | — | — |
| Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | — | — | 6.7 | 7.2 | 8.3 | 2.4 | −1.7 | — | — | — | — | — | — |
| Selling, general and administrative | — | — | — | 0.0 | 0.0 | 0.1 | — | — | 1.7 | 1.8 | 1.1 | 0.7 | 0.8 | 0.7 | — | — | — | — |
| General and administrative | 0.0 | 0.0 | 0.0 | — | — | — | 1.1 | 1.7 | — | — | — | — | — | — | — | — | — | — |
| Operating income | 0.0 | 0.0 | 0.0 | −0.0 | −0.1 | −0.0 | −0.0 | 0.5 | 0.6 | 0.7 | 0.6 | 0.1 | 0.3 | 0.4 | 0.4 | 0.7 | 0.7 | 0.9 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.4 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Income before tax | 0.0 | 0.0 | 0.0 | −0.0 | −0.1 | −0.1 | −0.3 | 0.1 | 0.3 | 0.6 | 0.3 | −0.2 | 0.1 | 0.3 | 0.3 | 0.5 | 0.4 | 0.7 |
| Income tax | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | −0.0 | −0.1 | 0.0 | −0.1 | 0.1 | 0.1 | −0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
| Net income | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | −0.1 | −0.2 | 0.1 | 0.3 | 0.4 | 0.4 | 0.1 | 0.3 | 0.7 | 0.2 | 0.4 | 0.3 | 0.5 |
| Diluted EPS | $0.10 | $0.29 | −$2.71 | −$1.49 | −$2.26 | −$2.00 | −$2.65 | $0.53 | $2.45 | $2.88 | $3.57 | $0.87 | $2.93 | $5.76 | $1.60 | $3.23 | $2.64 | $4.26 |
| Diluted shares (average) | 16m | 17m | 16m | 16m | 23m | 54m | 93m | 123m | 128m | 135m | 106m | 92m | 114m | 116m | 118m | 120m | 119m | 118m |
| EBITDA | 0.0 | 0.0 | 0.0 | −0.0 | −0.0 | −0.0 | 0.2 | 0.9 | 1.1 | 1.3 | 0.9 | 0.4 | 0.6 | 0.7 | 0.8 | 1.1 | 1.1 | 1.4 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,922 | 1,954 | 2,080 | 2,111 | 2,011 | 2,096 | 2,355 | 2,373 |
| Operating income | 149 | 151 | 198 | 164 | 143 | 174 | 271 | 288 |
| Interest expense | 53 | 56 | 56 | 54 | 53 | 53 | 51 | 50 |
| Income before tax | 101 | 91 | 143 | 112 | 91 | 124 | 218 | 240 |
| Income tax | 26 | 22 | 37 | 30 | 32 | 23 | 56 | 60 |
| Net income | 75 | 69 | 106 | 82 | 59 | 101 | 162 | 181 |
| Diluted EPS | $0.63 | $0.58 | $0.89 | $0.68 | $0.49 | $0.85 | $1.36 | $1.53 |
| EBITDA | 216 | 274 | 329 | 298 | 222 | 305 | 405 | 422 |
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