Earnings summaries and quarterly performance for XPO.
Executive leadership at XPO.
Board of directors at XPO.
Research analysts who have asked questions during XPO earnings calls.
BO
Brian Ossenbeck
JPMorgan Chase & Co.
9 questions for XPO
Also covers: ARCB, CHRW, CNI +18 more
FC
Fadi Chamoun
BMO Capital Markets
8 questions for XPO
Also covers: CAE, CNI, CP +2 more
JS
Jason Seidl
TD Cowen
8 questions for XPO
Also covers: ARCB, CHRW, CSX +17 more
JC
Jonathan Chappell
Evercore ISI
8 questions for XPO
Also covers: ASC, CHRW, CNI +20 more
JA
Jordan Alliger
Goldman Sachs
8 questions for XPO
Also covers: ARCB, CSX, FDX +13 more
Ken Hoexter
BofA Securities
8 questions for XPO
Also covers: ARCB, CHRW, CNI +21 more
SG
Scott Group
Wolfe Research
8 questions for XPO
Also covers: AAL, ALGT, ALK +35 more
Christian Wetherbee
Wells Fargo
7 questions for XPO
Also covers: ARCB, CHRW, CNI +14 more
Stephanie Moore
Jefferies
7 questions for XPO
Also covers: APG, ARCB, ARMK +30 more
RS
Ravi Shanker
Morgan Stanley
6 questions for XPO
Also covers: AAL, ALGT, ALK +27 more
RH
Richa Harnain
Deutsche Bank
5 questions for XPO
Also covers: CHRW, CSX, FDX +7 more
TW
Tom Wadewitz
UBS Group
5 questions for XPO
Also covers: ARCB, CHRW, CNI +19 more
Scott Schneeberger
Oppenheimer & Co. Inc.
4 questions for XPO
Also covers: CSV, CTAS, CTOS +12 more
Bascome Majors
Susquehanna Financial Group
3 questions for XPO
Also covers: CHRW, CNI, CSX +20 more
AR
Ariel Rosa
Citigroup
2 questions for XPO
Also covers: ARCB, CHRW, CNI +16 more
BC
Bruce Chan
Stifel Financial Corp.
2 questions for XPO
Also covers: ARCB, FDX, ODFL +1 more
Christopher Kuhn
The Benchmark Company
2 questions for XPO
Also covers: FWRD, HUBG, ODFL +1 more
CW
Chris Wetherbee
Wells Fargo & Company
2 questions for XPO
Also covers: ARCB, CNI, CP +10 more
DI
Daniel Imbro
Stephens Inc.
2 questions for XPO
Also covers: ARCB, CHRW, CNI +23 more
JB
J. Bruce Chan
Stifel
2 questions for XPO
Also covers: ARCB, CENN, CHRW +14 more
Thomas Wadewitz
UBS
2 questions for XPO
Also covers: ALK, ARCB, CHRW +20 more
Eric Morgan
Barclays
1 question for XPO
Also covers: CSX, JBHT, KNX +3 more
Joseph Lawrence Hafling
Jefferies
1 question for XPO
Also covers: FWRD, GXO, RXO +3 more
Recent press releases and 8-K filings for XPO.
XPO Reports Strong Q4 2025 Results and Provides 2026 Outlook
XPO
Earnings
Guidance Update
Share Buyback
- XPO reported strong Q4 2025 results, with company-wide Adjusted EBITDA of $312 million and adjusted diluted EPS of $0.88. Excluding real estate gains, Adjusted EBITDA increased 11% and adjusted EPS increased 18% year-over-year.
- The North American LTL segment's adjusted operating ratio improved by 180 basis points in Q4 2025, contributing to a 590 basis point LTL margin expansion since 2022.
- For 2026, XPO projects a 100-150 basis point improvement in LTL operating ratio, driven by continued above-market yield growth and cost efficiencies from AI initiatives.
- The company anticipates a meaningful acceleration in free cash flow generation in 2026, enabling increased share repurchases and debt reduction, aiming for a net leverage ratio of 1-2x.
- Strategic initiatives include expanding AI-driven route optimization to nearly half of service centers and leveraging 30% excess door capacity for future volume growth.
1 day ago
XPO Reports Strong Q4 2025 Results and Positive 2026 Outlook
XPO
Earnings
Guidance Update
Share Buyback
- XPO reported strong Q4 2025 results, with company-wide Adjusted EBITDA of $312 million and adjusted diluted EPS of $0.88, and improved its LTL adjusted operating ratio by 180 basis points year-over-year.
- For the full year 2025, the company expanded its LTL margin by 590 basis points since 2022 and grew yield excluding fuel by 6%, driven by improved customer service, market share gains, and cost efficiencies.
- The company provided a positive outlook for 2026, expecting LTL operating ratio improvement of 100-150 basis points for the full year, a meaningful increase in free cash flow generation, and plans to accelerate share repurchases and continue debt reduction.
- XPO is leveraging AI for operational efficiency, including route optimization tools, and reported January 2026 tonnage as roughly flat year-over-year, outperforming normal seasonality despite a winter storm impact.
1 day ago
XPO Reports Strong Q4 2025 Results and Provides Optimistic 2026 Outlook
XPO
Earnings
Guidance Update
Share Buyback
- XPO reported Q4 2025 Adjusted EBITDA of $312 million and Adjusted Diluted EPS of $0.88, with company-wide revenue increasing 5% year-over-year to $2 billion.
- The LTL segment improved its Adjusted Operating Ratio by 180 basis points year-over-year in Q4 2025, contributing to a 590 basis point LTL margin expansion since 2022.
- For 2026, XPO anticipates a 100-150 basis point improvement in LTL Operating Ratio for the full year, an acceleration from the previous year, even without a significant macro recovery.
- The company expects to meaningfully increase free cash flow generation in 2026, with planned gross capital expenditures of $500-$600 million, and intends to accelerate share repurchases.
- Long-term goals include achieving an LTL Operating Ratio in the low 70s and eventually in the 60s, supported by initiatives to grow local accounts to 30% and premium services to 15%+ of the business.
1 day ago
XPO Announces Fourth Quarter 2025 Results
XPO
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- XPO reported revenue of $2.01 billion, adjusted diluted EPS of $0.88, and adjusted EBITDA of $312 million for the fourth quarter of 2025.
- The North American LTL segment generated $1.17 billion in revenue and achieved an adjusted operating ratio of 84.4%, which improved by 180 basis points year-over-year.
- LTL yield, excluding fuel, increased 5.2% year-over-year in Q4 2025, and the company reduced LTL linehaul miles outsourced to third-party carriers by 560 basis points year-over-year.
- XPO targets an LTL adjusted EBITDA compound annual growth rate of 11% to 13% and an adjusted operating ratio improvement of at least 600 basis points from 2021 to 2027.
1 day ago
XPO, Inc. Reports Strong Q4 2025 Results and Provides 2026 Guidance
XPO
Earnings
Guidance Update
New Projects/Investments
- XPO, Inc. reported strong Q4 2025 financial results, with adjusted EBITDA up 11% year-over-year and adjusted diluted EPS up 18% year-over-year. The company achieved $2.01 billion in revenue, $105 million in adjusted net income, and $0.88 in adjusted diluted EPS for the quarter.
- The North American Less-Than-Truckload (LTL) segment demonstrated significant improvement in Q4 2025, with adjusted operating income increasing 14% year-over-year and an adjusted operating ratio of 84.4%, an improvement of 180 basis points year-over-year. For the full year 2025, LTL revenue reached $4.8 billion, and yield, excluding fuel, improved 6.0% year-over-year.
- For the full year 2026, XPO expects total company gross capital expenditures to be between $500 million and $600 million, interest expense between $205 million and $215 million, and an adjusted effective tax rate of 24% to 25%.
- The company has set long-term targets for its North American LTL segment from 2021 to 2027, including a revenue Compound Annual Growth Rate (CAGR) of 6% to 8% and an adjusted EBITDA CAGR of 11% to 13%, alongside an adjusted operating ratio improvement of at least 600 basis points.
1 day ago
XPO Reports Fourth Quarter 2025 Results
XPO
Earnings
Share Buyback
Board Change
- XPO reported revenue of $2.01 billion for the fourth quarter of 2025, an increase from $1.92 billion in the same period of 2024.
- Diluted earnings per share decreased to $0.50 in Q4 2025 from $0.63 in Q4 2024, while adjusted diluted earnings per share were $0.88, compared to $0.89 in Q4 2024.
- Net income for Q4 2025 was $59 million, down from $76 million in Q4 2024, partly due to a $21 million reduction in real estate gains and a $23 million increase in restructuring expense. Adjusted EBITDA increased to $312 million from $303 million year-over-year.
- The North American Less-Than-Truckload segment generated revenue of $1.17 billion and adjusted operating income of $181 million in Q4 2025, achieving an adjusted operating ratio of 84.4%.
- The company generated $226 million of cash flow from operating activities and completed $65 million in common stock repurchases during the fourth quarter of 2025.
1 day ago
XPO Announces Fourth Quarter 2025 Results
XPO
Earnings
Revenue Acceleration/Inflection
Share Buyback
- XPO announced its fourth quarter 2025 financial results, reporting an increase in total revenue and adjusted EBITDA compared to the same period in 2024, as detailed in the table below.
- Despite the revenue growth, diluted EPS and net income decreased year-over-year, while adjusted diluted EPS remained relatively stable.
- The North American Less-Than-Truckload (LTL) segment demonstrated strong performance, with increased revenue and adjusted operating income, and an improved adjusted operating ratio in Q4 2025.
- The company generated $226 million of cash flow from operating activities and executed $65 million of common stock repurchases during the fourth quarter of 2025.
| Metric | Q4 2024 | Q4 2025 |
|---|---|---|
| Revenue ($USD Millions) | 1,921 | 2,011 |
| Diluted EPS ($USD) | 0.63 | 0.50 |
| Adjusted Diluted EPS ($USD) | 0.89 | 0.88 |
| Net Income ($USD Millions) | 76 | 59 |
| Adjusted EBITDA ($USD Millions) | 303 | 312 |
| North American LTL Segment Revenue ($USD Millions) | 1,160 | 1,170 |
| North American LTL Segment Adjusted Operating Income ($USD Millions) | 159 | 181 |
| North American LTL Segment Adjusted Operating Ratio (%) | 86.2 | 84.4 |
| European Transportation Segment Revenue ($USD Millions) | 765 | 846 |
1 day ago
XPO Reports Strong Fourth-Quarter Results and Operational Momentum
XPO
Earnings
Revenue Acceleration/Inflection
Share Buyback
- XPO reported fourth-quarter revenue of $2.01 billion and adjusted EPS of $0.88, exceeding consensus estimates.
- The less-than-truckload (LTL) unit showed operational improvements, including improved yields (ex-fuel) and a better adjusted operating ratio of 84.4%, and a January tonnage surprise ended an 18-month year-over-year decline.
- The company generated $226 million in operating cash flow for the quarter, finishing the year with $310 million in cash, and completed $65 million in share repurchases and $65 million in term-loan repayments.
- XPO's European transportation segment delivered a 10.6% year-over-year revenue increase to $846 million and reported adjusted EBITDA of $32 million.
2 days ago
XPO Reports North American LTL Operating Data for October and November 2025
XPO
Demand Weakening
- XPO, Inc. reported preliminary North American Less-Than-Truckload (LTL) operating metrics for November 2025 and final metrics for October 2025 on December 1, 2025.
- For November 2025, LTL tonnage per day decreased by 5.4% compared to November 2024, attributed to a 2.2% decrease in shipments per day and a 3.2% decrease in weight per shipment.
- For October 2025, weight per day decreased by 3.8% compared to October 2024, due to a 1.4% decrease in shipments per day and a 2.4% decrease in weight per shipment.
Dec 1, 2025, 9:05 PM
XPO Reports Strong Q3 2025 Financial Results with Record LTL Profitability
XPO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- XPO reported strong Q3 2025 results, with total company adjusted EBITDA of $342 million and adjusted diluted EPS of $1.07, both exceeding expectations.
- The North American LTL segment achieved record adjusted EBITDA of $308 million and adjusted operating income of $217 million, improving its adjusted operating ratio by 150 basis points year-over-year to 82.7%.
- The company continued to drive above-market yield growth, with LTL yield excluding fuel increasing 5.9% year-over-year and 3.1% sequentially, supported by investments in network, equipment, and proprietary AI technology.
- XPO generated $371 million in cash flow from operating activities, ending the quarter with $935 million in total liquidity after repurchasing $50 million of common stock and paying down $50 million on its term loan.
- Management expects to materially outperform seasonality in Q4 2025 with approximately 250 basis points of year-over-year OR expansion and anticipates continued OR improvement and earnings growth in 2026, even without a macro recovery.
Oct 30, 2025, 12:30 PM
Quarterly earnings call transcripts for XPO.
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