GXO Logistics, Inc.
Business
GXO Logistics is the world's largest pure-play contract logistics provider, offering warehousing, distribution, order fulfillment, e-commerce, reverse logistics and supply chain services to over one thousand customers globally. The company operates approximately 1,043 facilities totaling 221 million square feet, staffed by approximately 154,000 team members across 26 countries. GXO serves multinational corporations across numerous verticals including omnichannel retail, technology and consumer electronics, industrial and manufacturing, food and beverage, and consumer packaged goods, primarily in North America and Europe. The company differentiates itself through proprietary technology-enabled solutions including warehouse management platforms, intelligent automation, labor and inventory management tools, and predictive analytics.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 13,178 | 11,709 | 9,778 | 8,993 | 7,940 | |
| Direct operating expense | 11,190 | 9,853 | 8,035 | 7,443 | 6,637 | |
| Selling, general and administrative expense | 1,106 | 1,061 | 998 | 886 | 714 | |
| Depreciation and amortization expense | 457 | 415 | 361 | 329 | 335 | |
| Transaction and integration costs | 54 | 76 | 34 | 61 | 99 | |
| Restructuring costs and other | 27 | 25 | 25 | 32 | 4 | |
| Regulatory Matter and Legal Fees | 65 | 59 | 0 | — | — | |
| Net loss on divestiture of business | 34 | 2 | 7 | — | — | |
| Operating income | 245 | 218 | 318 | 242 | 151 | |
| Other income (expense), net | −8 | 31 | 1 | 51 | — | |
| Interest expense, net | −133 | −103 | −53 | −29 | — | |
| Income before income taxes | 104 | 146 | 266 | 264 | 153 | |
| Income tax expense | −68 | −8 | −33 | −64 | 8 | |
| Net income | 36 | 138 | 233 | 200 | 161 | |
| Net income attributable to Noncontrolling Interests (NCI) | −4 | −4 | −4 | −3 | −8 | |
| Net income attributable to GXO | 32 | 134 | 229 | 197 | 153 | |
| Basic (in dollars per share) | 0.28 | 1.12 | 1.93 | 1.68 | 1.33 | |
| Diluted (in dollars per share) | 0.28 | 1.12 | 1.92 | 1.67 | 1.32 | |
| Basic (in shares) | 116 | 119 | 119 | 117 | 115 | |
| Diluted (in shares) | 116 | 120 | 119 | 118 | 116 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 854 | 413 | 468 | 495 | 333 | |
| Accounts receivable, net of allowance of $15 and $15 | 2,028 | 1,799 | 1,753 | 1,647 | 1,507 | |
| Other current assets | 406 | 429 | 347 | 286 | 259 | |
| Total current assets | 3,288 | 2,641 | 2,568 | 2,428 | 2,099 | |
| Property and equipment, net of accumulated depreciation of $2,126 and $1,732 | 1,151 | 1,160 | 953 | 960 | 863 | |
| Operating lease assets | 2,563 | 2,329 | 2,201 | 2,227 | 1,772 | |
| Goodwill | 3,781 | 3,549 | 2,891 | 2,728 | 2,017 | |
| Intangible assets, net of accumulated amortization of $781 and $618 | 909 | 986 | 567 | 570 | 257 | |
| Other long-term assets | 570 | 601 | 327 | 306 | 263 | |
| Total long-term assets | 8,974 | 8,625 | 6,939 | 6,791 | 5,172 | |
| Total assets | 12,262 | 11,266 | 9,507 | 9,219 | 7,271 | |
| Accounts payable | 758 | 776 | 709 | 717 | 624 | |
| Accrued expenses | 1,492 | 1,271 | 966 | 995 | 998 | |
| Current debt | 446 | 110 | 27 | 67 | 34 | |
| Current operating lease liabilities | 745 | 647 | 597 | 560 | 453 | |
| Other current liabilities | 434 | 385 | 327 | 193 | 220 | |
| Total current liabilities | 3,875 | 3,189 | 2,626 | 2,532 | 2,329 | |
| Long-term debt | 2,619 | 2,521 | 1,620 | 1,739 | 927 | |
| Long-term operating lease liabilities | 2,044 | 1,898 | 1,842 | 1,853 | 1,391 | |
| Other long-term liabilities | 709 | 623 | 473 | 417 | 234 | |
| Total long-term liabilities | 5,372 | 5,042 | 3,935 | 4,009 | 2,552 | |
| Commitments and Contingencies (Note 18) | — | — | — | — | — | |
| Common Stock, $0.01 par value per share; 300,000 shares authorized, 119,868 and 119,496 shares issued and 114,512 and 119,496 shares outstanding, respectively | 1 | 1 | 1 | 1 | 1 | |
| Treasury stock, at cost; 5,356 and 0 shares, respectively | −202 | 0 | — | — | — | |
| Preferred Stock, $0.01 par value per share; 10,000 shares authorized, 0 issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Additional Paid-In Capital (APIC) | 2,667 | 2,629 | 2,598 | 2,575 | 2,354 | |
| Retained earnings | 718 | 686 | 552 | 323 | 126 | |
| Accumulated Other Comprehensive Income (Loss) (AOCIL) | −201 | −313 | −239 | −254 | −130 | |
| Total stockholders equity before NCI | 2,983 | 3,003 | 2,912 | 2,645 | 2,351 | |
| NCI | 32 | 32 | 34 | 33 | 39 | |
| Total equity | 3,015 | 3,035 | 2,946 | 2,678 | 2,390 | |
| Total liabilities and equity | 12,262 | 11,266 | 9,507 | 9,219 | 7,271 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Goodwill and intangibles write-down loss held for sale | 25 | 0 | 0 | — | — | |
| Stock-based compensation expense | 47 | 39 | 35 | 33 | 28 | |
| Deferred tax benefit | −29 | −38 | −41 | −7 | −48 | |
| Other | 10 | 1 | 23 | −17 | −24 | |
| Accounts receivable | −88 | 118 | −17 | −71 | −243 | |
| Other assets | 21 | −54 | 28 | 24 | −57 | |
| Accounts payable | −61 | 23 | −3 | 45 | 114 | |
| Accrued expenses and other liabilities | 16 | −93 | −61 | 6 | 189 | |
| Net cash provided by operating activities | 434 | 549 | 558 | 542 | 455 | |
| Capital expenditures | −324 | −359 | −274 | −342 | −250 | |
| Proceeds from sale of property and equipment | 149 | 61 | 18 | 40 | 11 | |
| Acquisition of business, net of cash acquired | 0 | −863 | −149 | −876 | 32 | |
| Net investment hedges settlement | −24 | 4 | −3 | 21 | 0 | |
| Other | 3 | 0 | −2 | 8 | 0 | |
| Net cash used in investing activities | −196 | −1,157 | −410 | −1,149 | −207 | |
| Common stock repurchased | −200 | 0 | 0 | — | — | |
| Proceeds from long-term debt, net of issuance discount | 577 | 1,096 | 0 | — | — | |
| Payments for debt issue costs | −2 | −9 | 0 | — | — | |
| Net borrowings under revolving credit facilities | −25 | −122 | −18 | — | — | |
| Repayments of debt | −180 | −286 | −122 | −82 | −47 | |
| Repayments of finance lease obligations | −50 | −45 | −29 | −33 | −25 | |
| Taxes paid related to net share settlement of equity awards | −9 | −8 | −12 | −16 | −1 | |
| Other | 0 | 10 | −5 | 1 | −34 | |
| Net cash provided by (used in) financing activities | 111 | 636 | −186 | 787 | −241 | |
| Effect of exchange rates on cash and cash equivalents | 23 | −13 | 13 | −18 | −2 | |
| Net increase (decrease) in cash, restricted cash and cash equivalents | 372 | 15 | −25 | 162 | 5 | |
| Cash paid for interest, net | 128 | 97 | 57 | 34 | 22 | |
| Cash paid for income taxes, net | 59 | 43 | 84 | 111 | 75 | |
| Excise tax liability related to stock repurchases | 2 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is GXO Logistics, Inc.'s CIK number?
GXO Logistics, Inc.'s SEC CIK number is 0001852244 (1852244). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find GXO Logistics, Inc.'s SEC filings?
All of GXO Logistics, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did GXO Logistics, Inc. last report earnings?
GXO Logistics, Inc. (GXO) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001852244-26-000008). This is GXO Logistics, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is GXO Logistics, Inc.'s most recent earnings 8-K?
GXO Logistics, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001852244-26-000008. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View GXO Logistics, Inc.'s latest earnings 8-K →
Look up any company's CIK number →