Friday 6 November 2026 Export XPO’s income statement to Excel — free account

XPO, Inc.

XPO Industrials Trucking

XPO, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 1.05% from fiscal 2024.

Revenue: +12.4%
EPS: +124.6%
Free cash flow: +31.7%
Total debt: −6.66%

Quarter to September 2026, against a year earlier

Revenue growth 5 yrs

177.03 11.03 −5.87%

Follow XPO

Alert me

Market cap: $20.6B
P/E: 41.2×
Fwd P/E: 37.4×
Dividend yield: —
F-score: 4/9
Altman Z: 2.94
Beneish M: −2.80
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

XPO, Inc. (XPO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
North American LTL	4,832	59.24%
European Transportation	3,324	40.75%
Gross margin		100.00%
Operating margin		8.05%
Pre-tax margin		5.36%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
North American LTL	4,832 59.24%	4,899 60.69%	4,671 60.32%	4,645 60.18%	4,125 57.28%	3,546 57.49%	—	—	—	—	—	—	—	—
European Transportation	3,324 40.75%	3,173 39.31%	3,073 39.68%	3,073 39.82%	3,077 42.72%	2,622 42.51%	—	—	905 11.87%	11 0.47%	0 0.00%	—	—	—
Expedited Transportation	—	—	—	—	—	—	10,276 66.81%	9,976 68.24%	4,924 64.60%	2,140 90.81%	702 100.00%	279 100.00%	88 49.45%	77 48.51%
Contract Logistics	—	—	—	—	—	—	5,229 34.00%	4,761 32.57%	2,768 36.32%	217 9.19%	0 0.00%	0 0.00%	—	—
Freight Forwarding	—	—	—	—	—	—	—	—	—	—	—	—	65 36.79%	65 41.28%
Freight Brokerage	—	—	—	—	—	—	—	—	—	—	—	—	29 16.48%	20 12.66%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	(4) (2.45%)
Eliminations	—	—	—	—	—	—	(124) (0.81%)	(118) (0.81%)	(974) (12.78%)	—	—	—	(5) (2.72%)	—
Revenue	8,157	8,072	7,744	7,718	7,202	6,168	15,381	14,619	7,623	2,357	702	279	177	158

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
North American Intermodal Operation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Expedited Transportation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Contract Logistics	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Freight Forwarding	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Freight Brokerage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2014	FY2013	FY2012	FY2011
United States	4,726 57.94%	4,792 59.37%	4,572 59.04%	4,549 58.94%	4,036 56.04%	3,468 56.23%	10,232 59.22%	9,163 59.57%	8,758 59.91%	2,141 90.87%	628 89.42%	248 88.98%	177 100.00%
France	1,305 16.00%	1,277 15.82%	1,291 16.67%	1,328 17.21%	1,354 18.80%	1,206 19.55%	2,165 12.53%	2,006 13.04%	1,903 13.02%	0 0.00%	—	—	—
United Kingdom	1,142 14.00%	1,023 12.67%	905 11.69%	878 11.38%	879 12.20%	677 10.98%	2,070 11.98%	1,799 11.70%	1,701 11.64%	2 0.08%	—	—	—
Europe (excluding France and United Kingdom)	877 10.75%	873 10.82%	877 11.32%	867 11.23%	844 11.72%	739 11.98%	2,359 13.65%	1,930 12.55%	1,644 11.25%	—	—	—	—
North America (excluding United States)	106 1.30%	107 1.33%	99 1.28%	96 1.24%	89 1.24%	78 1.26%	341 1.97%	298 1.94%	322 2.20%	—	—	—	—
Other Geographical Areas	—	—	—	—	—	—	112 0.65%	185 1.20%	291 1.99%	4 0.17%	0 0.00%	0 0.00%	—
North America	—	—	—	—	—	—	—	—	—	132 5.60%	74 10.58%	31 11.02%	—
Asia	—	—	—	—	—	—	—	—	—	66 2.81%	0 0.00%	0 0.00%	—
Revenue	8,157	8,072	7,744	7,718	7,202	6,168	17,279	15,381	14,619	2,357	702	279	177

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average age of tractor fleet	Q3 FY2026	4.10	3.60	+13.89%
Average length of haul	Q3 FY2026	854.70	866.70	−1.38%
Average weight per shipment	Q3 FY2026	1.3K	1.3K	−0.69%
Gross revenue per hundredweight (excluding fuel surcharges)	Q3 FY2026	$26.70	$25.77	+3.61%
Gross revenue per hundredweight (including fuel surcharges)	Q3 FY2026	$34.06	$30.42	+11.97%
Pounds per day	Q3 FY2026	68.5M	65.2M	+4.99%
Revenue per shipment (excluding fuel surcharges)	Q3 FY2026	$339.12	$330.48	+2.61%
Revenue per shipment (including fuel surcharges)	Q3 FY2026	$434.37	$391.13	+11.06%
Shipments per day	Q3 FY2026	53.0K	50.1K	+5.78%
Total average load factor	Q3 FY2026	22.2K	22.4K	−1.24%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Average age of tractor fleet	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average length of haul	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average weight per shipment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross revenue per hundredweight (excluding fuel surcharges)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross revenue per hundredweight (including fuel surcharges)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pounds per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue per shipment (excluding fuel surcharges)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue per shipment (including fuel surcharges)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Shipments per day	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total average load factor	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.