# XPO, Inc.: overview

XPO · NYSE · CIK 1166003 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/xpo.md) · [Financials](/companies/xpo/financials.md) · [Filings](/companies/xpo/filings.md) · [Insiders](/companies/xpo/insiders.md)

Latest reported revenue: [$2.37bn](/filings/0001166003-26-000092.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001166003-26-000092).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,922 d](/filings/0001166003-26-000016.md) | [1,954](/filings/0001166003-26-000063.md) | [2,080](/filings/0001166003-26-000074.md) | [2,111](/filings/0001166003-26-000092.md) | [2,011 d](/filings/0001166003-26-000016.md) | [2,096](/filings/0001166003-26-000063.md) | [2,355](/filings/0001166003-26-000074.md) | [2,373](/filings/0001166003-26-000092.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [7.8% d](/filings/0001166003-26-000016.md) | [7.7%](/filings/0001166003-26-000063.md) | [9.5%](/filings/0001166003-26-000074.md) | [7.8%](/filings/0001166003-26-000092.md) | [7.1% d](/filings/0001166003-26-000016.md) | [8.3%](/filings/0001166003-26-000063.md) | [11.5%](/filings/0001166003-26-000074.md) | [12.1%](/filings/0001166003-26-000092.md) |
| Net margin | % | [3.9% d](/filings/0001166003-26-000016.md) | [3.5%](/filings/0001166003-26-000063.md) | [5.1%](/filings/0001166003-26-000074.md) | [3.9%](/filings/0001166003-26-000092.md) | [2.9% d](/filings/0001166003-26-000016.md) | [4.8%](/filings/0001166003-26-000063.md) | [6.9%](/filings/0001166003-26-000074.md) | [7.6%](/filings/0001166003-26-000092.md) |
| Diluted EPS | $ per share | not reported | [0.58](/filings/0001166003-26-000063.md) | [0.89](/filings/0001166003-26-000074.md) | [0.68](/filings/0001166003-26-000092.md) | not reported | [0.85](/filings/0001166003-26-000063.md) | [1.36](/filings/0001166003-26-000074.md) | [1.53](/filings/0001166003-26-000092.md) |
| Free cash flow | $m | [23.0 d](/filings/0001166003-26-000016.md) | [(57.0)](/filings/0001166003-26-000063.md) | [51.0 d](/filings/0001166003-26-000074.md) | [215 d](/filings/0001166003-26-000092.md) | [120 d](/filings/0001166003-26-000016.md) | [72.0](/filings/0001166003-26-000063.md) | [181 d](/filings/0001166003-26-000074.md) | [284 d](/filings/0001166003-26-000092.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [7,202](/filings/0001166003-24-000022.md) | [7,718](/filings/0001166003-25-000017.md) | [7,744](/filings/0001166003-26-000016.md) | [8,072](/filings/0001166003-26-000016.md) | [8,157](/filings/0001166003-26-000016.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [4.3%](/filings/0001166003-24-000022.md) | [4.9%](/filings/0001166003-25-000017.md) | [5.7%](/filings/0001166003-26-000016.md) | [8.2%](/filings/0001166003-26-000016.md) | [8.0%](/filings/0001166003-26-000016.md) |
| Net margin | % | [4.7%](/filings/0001166003-24-000022.md) | [8.6%](/filings/0001166003-25-000017.md) | [2.4%](/filings/0001166003-26-000016.md) | [4.8%](/filings/0001166003-26-000016.md) | [3.9%](/filings/0001166003-26-000016.md) |
| Diluted EPS | $ per share | [2.93](/filings/0001166003-24-000022.md) | [5.76](/filings/0001166003-25-000017.md) | [1.60](/filings/0001166003-26-000016.md) | [3.23](/filings/0001166003-26-000016.md) | [2.64](/filings/0001166003-26-000016.md) |
| Free cash flow | $m | [387](/filings/0001166003-22-000024.md) | [303](/filings/0001166003-25-000017.md) | [(839)](/filings/0001166003-26-000016.md) | [19.0](/filings/0001166003-26-000016.md) | [329](/filings/0001166003-26-000016.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/xpo/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-01 | [Wismans Kyle](/insiders/1987257.md) | Chief Financial Officer, Officer | Sale (S) | 750 | $175.47 | $131.6k | [Form 4](/filings/0001166003-26-000086.md) |
| 2026-10-01 | [Bates David J.](/insiders/1534267.md) | Chief Operating Officer, Officer | Sale (S) | 715 | $179.6612 | $128.5k | [Form 4](/filings/0001166003-26-000087.md) |
| 2026-10-01 | [Bates David J.](/insiders/1534267.md) | Chief Operating Officer, Officer | Sale (S) | 900 | $178.6633 | $160.8k | [Form 4](/filings/0001166003-26-000087.md) |
| 2026-10-01 | [Bates David J.](/insiders/1534267.md) | Chief Operating Officer, Officer | Sale (S) | 300 | $176.64 | $53.0k | [Form 4](/filings/0001166003-26-000087.md) |
| 2026-10-01 | [Bates David J.](/insiders/1534267.md) | Chief Operating Officer, Officer | Sale (S) | 700 | $175.7664 | $123.0k | [Form 4](/filings/0001166003-26-000087.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.99bn | 14,541,751 |  | Added +2,374,505 |
| [MFN Partners Management, LP](/funds/1732811.md) | 2026-06-30 | $2.03bn | 9,869,691 |  | Reduced −1,555,678 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $1.70bn | 8,271,824 |  | Reduced −1,316,367 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $1.20bn | 5,834,627 |  | Added +56,399 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.05bn | 5,110,681 |  | Added +50,396 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $990.4m | 4,824,387 |  | Added +77,916 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $889.3m | 4,332,153 |  | Added +727,155 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $871.8m | 4,246,740 |  | Added +663,780 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $698.6m | 3,402,819 |  | Reduced −6,273 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $623.2m | 3,035,930 |  | Reduced −1,795,684 |

## Recent filings

[All 1,255 filings](/companies/xpo/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:06 ET | [10-Q](/filings/0001166003-26-000092.md) | Quarterly report, period 2026-09-30 | 0001166003-26-000092 |
| 2026-10-29 | 06:47 ET | [8-K](/filings/0001104659-26-119829.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-119829 |
| 2026-10-29 | 06:45 ET | [8-K](/filings/0001104659-26-119828.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-119828 |
| 2026-09-03 | 16:05 ET | [8-K](/filings/0001104659-26-105055.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-105055 |
| 2026-07-30 | 16:10 ET | [10-Q](/filings/0001166003-26-000074.md) | Quarterly report, period 2026-06-30 | 0001166003-26-000074 |
| 2026-07-30 | 06:46 ET | [8-K](/filings/0001104659-26-088440.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-088440 |
| 2026-07-30 | 06:45 ET | [8-K](/filings/0001104659-26-088438.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-088438 |
| 2026-07-27 | 07:00 ET | [8-K](/filings/0001104659-26-086807.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-086807 |
| 2026-06-03 | 16:12 ET | [8-K](/filings/0001104659-26-070109.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-070109 |
| 2026-06-01 | 06:48 ET | [8-K](/filings/0001104659-26-068522.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-068522 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001166003-26-000016.md), filed Feb 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/44fd8f44-c06c-4aeb-8cd0-dae3c2964418)

## About the filer

- CIK: 1166003
- Tickers: XPO
- Exchange: NYSE
- SIC code: 4700 Transportation Services
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 17:09 ET. No prices; not investment advice.