XPO, Inc. (XPO) Financial Statements
Industry: Transportation Services
In fiscal 2025, XPO reported revenue of $8.16B, up 1.1% from $8.07B the year before. Net income was $316.0M (a 3.9% net margin), or $2.64 per diluted share. Operating margin was 8.0%. Operating activities generated $986.0M of cash, leaving $329.0M of free cash flow. At fiscal year end, XPO held $8.19B in total assets against $6.33B in total liabilities, including $310.0M of cash and equivalents.
Open the full interactive XPO financials → Quarterly statements, key ratios, valuation history and price charts.
XPO Key Stats
| Share Price | $181.15 |
|---|---|
| Market Cap | $21.38B |
| P/E Ratio | 68.6 |
| Revenue YoY Growth | +1.1% |
| 52-Week Range | $123.66 – $228.37 |
| Shares Outstanding | 117.0 million (basic, 2026 Q2) |
XPO Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $16.25B | $12.81B | $7.72B | $7.74B | $8.07B | $8.16B |
| Cost of Goods Sold | $7.85B | — | — | — | — | — |
| Gross Profit | $8.40B | — | — | — | — | — |
| Operating Income | $391.0M | $616.0M | $377.0M | $438.0M | $660.0M | $656.0M |
| Pre-Tax Income | $148.0M | $410.0M | $258.0M | $260.0M | $473.0M | $437.0M |
| Income Tax | $31.0M | $87.0M | $74.0M | $68.0M | $86.0M | $121.0M |
| Net Income | $110.0M | $336.0M | $666.0M | $189.0M | $387.0M | $316.0M |
| Diluted EPS | $0.78 | $2.93 | $5.76 | $1.60 | $3.23 | $2.64 |
XPO Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.11B | $2.01B | $2.10B | $2.35B |
| Net Income | $82.0M | $59.0M | $101.0M | $162.0M |
| Diluted EPS | $0.68 | $0.50 | $0.85 | $1.36 |
XPO Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.05B | $260.0M | $460.0M | $412.0M | $246.0M | $310.0M |
| Current Assets | $5.37B | $2.68B | $1.63B | $1.59B | $1.50B | $1.63B |
| Total Assets | $16.17B | $8.71B | $6.27B | $7.49B | $7.71B | $8.19B |
| Current Liabilities | $5.15B | $2.54B | $1.51B | $1.59B | $1.42B | $1.55B |
| Total Long-Term Debt | $5.37B | $3.51B | $2.47B | $3.33B | $3.33B | $3.25B |
| Total Liabilities | $13.46B | $7.57B | $5.26B | $6.23B | $6.11B | $6.33B |
| Shareholders' Equity | $2.71B | $1.14B | $1.01B | $1.27B | $1.60B | $1.86B |
XPO Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $885.0M | $656.0M | $824.0M | $694.0M | $808.0M | $986.0M |
| Cash From Investing | -$357.0M | -$184.0M | — | — | — | — |
| Cash From Financing | $1.14B | -$1.93B | — | — | — | — |
| Free Cash Flow | $359.0M | $343.0M | $303.0M | -$839.0M | $19.0M | $329.0M |
Figures from XPO's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full XPO financials page for every line item.
XPO Company Profile
| Ticker | XPO |
|---|---|
| Exchange | NYSE |
| Industry | Transportation Services |
| Headquarters | Greenwich, Connecticut |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001166003 |
Frequently Asked Questions
What was XPO's revenue in fiscal 2025?
XPO (XPO) reported revenue of $8.16B for fiscal 2025.
What is XPO's annual revenue history?
XPO's annual revenue by fiscal year: 2020: $16.25B; 2021: $12.81B; 2022: $7.72B; 2023: $7.74B; 2024: $8.07B; 2025: $8.16B.
What was XPO's net income in fiscal 2025?
XPO reported net income of $316.0M for fiscal 2025.
What was XPO's earnings per share (EPS) in fiscal 2025?
XPO's diluted EPS was $2.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did XPO generate in fiscal 2025?
XPO generated $329.0M of free cash flow in fiscal 2025.
What was XPO's revenue last quarter?
In its most recent reported quarter (2026 Q2), XPO reported revenue of $2.35B.
How much debt does XPO have?
XPO reported $3.25B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of XPO are outstanding?
XPO reported a weighted average of 117.0 million basic shares outstanding in 2026 Q2.
What is XPO's market cap?
Based on its latest closing price, XPO (XPO) has a market capitalization of about $21.38B.
When does XPO's fiscal year end?
XPO's fiscal year end, as registered with the SEC, is December 31.
Where is XPO headquartered?
XPO lists its business address in Greenwich, Connecticut in its SEC filings.