gross profit bridgeinconsistent2020-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$8.16B
Fiscal year ended 2025-12-31Operating income
$656.00M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31XPO, Inc. (XPO) reported revenue of $8.16B and net income of $316.00M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from XPO, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Transportation Services.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.16B | $8.07B | $7.74B | $7.72B | $7.20B | $6.17B | $10.68B | $17.28B | $15.38B | $14.62B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $7.85B | $8.30B | $9.01B | $8.13B | $7.89B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $8.27B | $7.25B | $6.73B |
| Operating income | $656.00M | $660.00M | $438.00M | $377.00M | $312.00M | $97.00M | $561.00M | $704.00M | $582.00M | $464.00M |
| Net income | $316.00M | $387.00M | $189.00M | $666.00M | $336.00M | $110.00M | $419.00M | $422.00M | $340.00M | $69.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 119.00M | shares 120.00M | shares 118.00M | shares 116.00M | shares 114.00M | shares 92.00M | shares 106.00M | shares 135.00M | shares 128.00M | shares 123.00M |
| Pretax income | $437.00M | $473.00M | $260.00M | $258.00M | $107.00M | -$164.00M | $301.00M | $566.00M | $261.00M | $107.00M |
| Income tax expense | $121.00M | $86.00M | $68.00M | $74.00M | $11.00M | -$54.00M | $60.00M | $122.00M | -$99.00M | $22.00M |
| Diluted EPS | $2.64 | $3.23 | $1.60 | $5.76 | $2.93 | $0.87 | $3.57 | $2.88 | $2.45 | $0.53 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | $678.00M | $756.00M | $746.00M | $1.07B | $1.84B | $1.66B | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $1.84B | $1.66B | $1.65B |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $310.00M | $246.00M | $412.00M | $460.00M | $228.00M | $1.73B | $377.00M | $502.00M | $397.00M | $373.40M |
| Total assets | $8.19B | $7.71B | $7.49B | $6.27B | $8.72B | $16.18B | $14.13B | $12.27B | $12.60B | $11.70B |
| Current assets | $1.63B | $1.50B | $1.59B | $1.63B | $2.69B | $5.38B | $3.34B | $3.69B | $3.59B | $3.07B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $1.56B | $1.42B | $1.59B | $1.51B | $2.55B | $5.16B | $3.26B | $3.31B | $3.00B | $2.73B |
| Total equity incl. NCI | $1.86B | $1.60B | $1.27B | $1.01B | $1.14B | $2.85B | $2.90B | $3.97B | $4.01B | $3.04B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.04B | $977.00M | $973.00M | $954.00M | $908.00M | $1.68B | $2.50B | $2.60B | $2.72B | $2.31B |
| Goodwill | $1.55B | $1.46B | $1.50B | $1.47B | $1.59B | $1.65B | $2.47B | $4.47B | $4.56B | $4.33B |
| Long-term debt | $3.25B | $3.32B | $3.34B | $2.47B | $3.51B | $5.24B | $5.18B | $3.90B | $4.42B | $4.73B |
| Accounts payable | $455.00M | $477.00M | $532.00M | $521.00M | $519.00M | $854.00M | $1.16B | $1.26B | $1.25B | $1.06B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | Unavailable | Unavailable | Unavailable | Unavailable | $656.00M | $388.00M | $629.00M | $1.10B | $785.00M | $622.00M |
| Capital expenditures | $657.00M | $789.00M | $1.53B | $521.00M | $269.00M | $249.00M | $379.00M | $551.00M | $504.00M | $483.00M |
| Investing cash flow | Unavailable | Unavailable | Unavailable | Unavailable | -$184.00M | -$116.00M | -$67.00M | -$400.00M | -$386.00M | $142.00M |
| Financing cash flow | Unavailable | Unavailable | Unavailable | Unavailable | -$1.93B | $1.15B | -$201.00M | -$620.00M | -$366.00M | -$681.00M |
| Net change in cash | $31.00M | -$120.00M | -$51.00M | $197.00M | -$1.79B | $1.68B | -$127.00M | $65.00M | $49.00M | $79.00M |
| Stock-based compensation | $77.00M | $87.00M | $78.00M | $77.00M | $31.00M | $37.00M | $56.00M | $49.00M | $79.00M | $55.00M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $8.00M | $8.00M | $7.00M | $5.00M |
| Common share repurchases | $125.00M | $0 | $0 | Unavailable | Unavailable | $114.00M | $1.35B | $536.00M | $0 | $0 |
| Depreciation & amortization | $467.00M | $432.00M | $376.00M | $336.00M | $327.00M | $321.00M | $370.00M | $546.00M | $488.00M | $466.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $250.00M | $551.00M | $281.00M | $139.00M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 47.8% | 47.1% | 46.0% |
| Operating margin | 8.0% | 8.2% | 5.7% | 4.9% | 4.3% | 1.6% | 5.3% | 4.1% | 3.8% | 3.2% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 2.3% | 3.2% | 1.8% | 1.0% |
| SBC / revenue | 0.9% | 1.1% | 1.0% | 1.0% | 0.4% | 0.6% | 0.5% | 0.3% | 0.5% | 0.4% |
| Current ratio | 1.05x | 1.06x | 1.00x | 1.08x | 1.05x | 1.04x | 1.03x | 1.11x | 1.20x | 1.13x |
| Revenue YoY growth | 1.1% | 4.2% | 0.3% | 7.2% | 16.8% | -42.3% | -38.2% | 12.3% | 5.2% | Unavailable |
| Net margin | 3.9% | 4.8% | 2.4% | 8.6% | 4.7% | 1.8% | 3.9% | 2.4% | 2.2% | 0.5% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 8.1% | 9.8% | 19.8% | 6.8% | 3.7% | 4.0% | 3.5% | 3.2% | 3.3% | 3.3% |
| Long-term debt / equity | 1.75x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 27.7% | 18.2% | 26.2% | 28.7% | 10.3% | Unavailable | 19.9% | 21.6% | -37.9% | 20.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open XPO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-05View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-04-30View SEC filing
Reconciliation checks needing review
5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2019-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
cash flow reconciliationreview2021-12-31
Operating, investing and financing flows differ from the reported change in cash by 330000000, beyond tolerance 19320000.00.
cash flow reconciliationreview2020-12-31
Operating, investing and financing flows differ from the reported change in cash by 238000000, beyond tolerance 11540000.00.
cash flow reconciliationreview2019-12-31
Operating, investing and financing flows differ from the reported change in cash by 490000000, beyond tolerance 6290000.00.