XPO, Inc.
Business
XPO, Inc. is a leading provider of freight transportation services operating through two reportable segments: North American Less-Than-Truckload (LTL) and European Transportation. The company moves goods for approximately 55,000 customers across North America and Europe using proprietary technology, serving critical sectors including industrial, retail, food and beverage, and consumer goods. Services include LTL, full truckload brokerage, dedicated truckload, warehousing, managed transportation, last-mile delivery, and freight forwarding, with distribution across 592 locations in 17 countries.
Summary from 10-K filed 2026-02-05
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 | 8,157 | 8,072 | 7,744 | 7,718 | 7,202 | |
| Salaries, wages and employee benefits | 3,424 | 3,377 | 3,159 | 2,945 | 2,866 | |
| Purchased transportation | 1,662 | 1,701 | 1,760 | 1,964 | 1,934 | |
| Fuel, operating expenses and supplies | 1,571 | 1,589 | 1,623 | 1,687 | 1,492 | |
| Operating taxes and licenses | 83 | 80 | 60 | 58 | 56 | |
| Insurance and claims | 167 | 134 | 167 | 183 | 174 | |
| Gains on sales of property and equipment | −17 | −40 | −5 | −60 | −72 | |
| Depreciation and amortization expense | 521 | 490 | 432 | 392 | 385 | |
| Pre-Con-way acquisition environmental matter | 35 | 0 | 0 | — | — | |
| Legal matters | −13 | 0 | 8 | 0 | 0 | |
| Transaction and integration costs | 8 | 53 | 58 | 58 | 36 | |
| Restructuring costs | 59 | 27 | 44 | 50 | 19 | |
| Operating income | 656 | 660 | 438 | 377 | 312 | |
| Other income | −6 | −37 | −15 | −55 | −60 | |
| Debt extinguishment loss | 6 | 0 | 25 | 39 | 54 | |
| Interest expense | 219 | 223 | 168 | 135 | — | |
| Income from continuing operations before income tax provision | 437 | 473 | 260 | 258 | 107 | |
| Income tax provision | 121 | 86 | 68 | 74 | 11 | |
| Income from continuing operations | 316 | 387 | 192 | 184 | 96 | |
| Loss from discontinued operations, net of taxes | 0 | 0 | −3 | 482 | 245 | |
| Net income | 316 | 387 | 189 | 666 | 336 | |
| Basic earnings per share from continuing operations (usd per share) | 2.69 | 3.33 | 1.66 | 1.6 | 0.85 | |
| Basic loss per share from discontinued operations (usd per share) | 0 | 0 | −0.02 | 4.19 | 2.14 | |
| Basic earnings per share (usd per share) | 2.69 | 3.33 | 1.64 | 5.79 | 2.99 | |
| Diluted earnings per share from continuing operations (usd per share) | 2.64 | 3.23 | 1.62 | 1.59 | 0.83 | |
| Diluted loss per share from discontinued operations (usd per share) | 0 | 0 | −0.02 | 4.17 | 2.1 | |
| Diluted earnings per share (usd per share) | 2.64 | 3.23 | 1.6 | 5.76 | 2.93 | |
| Basic weighted-average common shares (in shares) | 118 | 116 | 116 | 115 | 112 | |
| Diluted weighted-average common shares outstanding (in shares) | 119 | 120 | 118 | 116 | 114 |
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 | 310 | 246 | 412 | 460 | 228 | |
| Accounts receivable, net of allowances of $40 and $50, respectively | 1,035 | 977 | 973 | 954 | 908 | |
| Other current assets | 285 | 283 | 208 | 199 | 219 | |
| Total current assets | 1,630 | 1,505 | 1,593 | 1,630 | 2,687 | |
| Property and equipment, net of $2,360 and $2,019 in accumulated depreciation, respectively | 3,664 | 3,402 | 3,075 | 1,832 | — | |
| Operating lease assets | 777 | 727 | 708 | 719 | 697 | |
| Goodwill | 1,547 | 1,461 | 1,498 | 1,472 | 1,594 | |
| Identifiable intangible assets, net of $580 and $499 in accumulated amortization, respectively | 311 | 361 | 422 | 407 | 470 | |
| Other long-term assets | 265 | 254 | 196 | 209 | 231 | |
| Total long-term assets | 6,564 | 6,206 | 5,899 | 4,639 | 6,030 | |
| Total assets | 8,194 | 7,712 | 7,492 | 6,269 | 8,717 | |
| Accounts payable | 455 | 477 | 532 | 521 | 519 | |
| Accrued expenses | 760 | 708 | 775 | 774 | 822 | |
| Short-term borrowings and current maturities of long-term debt | 60 | 62 | 69 | 59 | 58 | |
| Short-term operating lease liabilities | 166 | 127 | 121 | 107 | 107 | |
| Other current liabilities | 113 | 46 | 93 | 30 | 58 | |
| Total current liabilities | 1,555 | 1,420 | 1,590 | 1,507 | 2,548 | |
| Long-term debt | 3,253 | 3,325 | 3,335 | 2,473 | 3,513 | |
| Deferred tax liability | 482 | 393 | 337 | 319 | 247 | |
| Employee benefit obligations | 86 | 85 | 91 | 93 | 122 | |
| Long-term operating lease liabilities | 611 | 603 | 588 | 606 | 596 | |
| Other long-term liabilities | 345 | 283 | 285 | 259 | 272 | |
| Total long-term liabilities | 4,778 | 4,690 | 4,636 | 3,750 | 5,031 | |
| Common stock, $0.001 par value; 300 shares authorized; 117 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 1,160 | 1,274 | 1,298 | 1,238 | 1,179 | |
| Retained earnings | 888 | 572 | 185 | −4 | 43 | |
| Accumulated other comprehensive loss | −187 | −246 | −217 | −222 | −84 | |
| Total equity | 1,861 | 1,601 | 1,266 | 1,012 | 1,138 | |
| Total liabilities and equity | 8,194 | 7,712 | 7,492 | 6,269 | 8,717 |
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 |
|---|---|---|---|---|---|---|
| Stock compensation expense | 77 | 87 | 78 | 77 | 31 | |
| Accretion of debt | 10 | 11 | 11 | 16 | 18 | |
| Deferred tax expense | 99 | 57 | 31 | 80 | 7 | |
| Other | 24 | 11 | 54 | 70 | 55 | |
| Accounts receivable | −47 | −47 | −46 | −100 | −171 | |
| Other assets | −38 | −106 | −9 | −3 | 23 | |
| Accounts payable | −22 | −8 | −48 | 62 | 98 | |
| Accrued expenses and other liabilities | 62 | −33 | 4 | 42 | 20 | |
| Net cash provided by operating activities from continuing operations | 986 | 808 | 694 | 824 | 490 | |
| Payment for purchases of property and equipment | −657 | −789 | −1,533 | −521 | −269 | |
| Proceeds from sale of property and equipment | 41 | 75 | 29 | 88 | 131 | |
| Proceeds from settlement of cross currency swaps | 0 | 0 | 2 | 29 | 0 | |
| Proceeds from sale of investment | 0 | 12 | 0 | 0 | — | |
| Net cash used in investing activities from continuing operations | −616 | −702 | −1,502 | −404 | −141 | |
| Proceeds from issuance of debt | 0 | 0 | 2,962 | 0 | — | |
| Repurchase of debt | −115 | 0 | −2,117 | −1,068 | −2,769 | |
| Repayment of debt and finance leases | −73 | −82 | −71 | −61 | −80 | |
| Payment of debt issuance costs | −3 | −4 | −27 | 0 | −5 | |
| Repurchase of common stock | −125 | 0 | 0 | — | — | |
| Change in bank overdrafts | 23 | −9 | 34 | −20 | — | |
| Payment for tax withholdings for restricted shares | −50 | −129 | −19 | −27 | −28 | |
| Other | 4 | −1 | −1 | 3 | −5 | |
| Net cash provided by (used in) financing activities from continuing operations | −339 | −226 | 761 | −861 | −1,933 | |
| Operating activities of discontinued operations | 0 | 0 | −12 | 8 | 231 | |
| Investing activities of discontinued operations | 0 | 0 | 3 | 649 | −136 | |
| Financing activities of discontinued operations | 0 | 0 | 0 | −1 | −301 | |
| Net cash used in discontinued operations | 0 | 0 | −9 | 656 | −206 | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | −1 | 0 | 5 | −18 | −2 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 31 | −120 | −51 | 197 | −1,792 | |
| Cash paid for interest | 229 | 223 | 185 | 145 | 253 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is XPO, Inc.'s CIK number?
XPO, Inc.'s SEC CIK number is 0001166003 (1166003). 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 XPO, Inc.'s SEC filings?
All of XPO, 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 XPO, Inc. last report earnings?
XPO, Inc. (XPO) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-052072). This is XPO, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is XPO, Inc.'s most recent earnings 8-K?
XPO, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-052072. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View XPO, Inc.'s latest earnings 8-K →
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