XPO, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	8,068	8,072	7,744	7,718	7,202	6,168
Revenue Growth (YoY)	-0.27%	4.24%	0.34%	7.17%	16.76%	-42.25%
Cost of Revenue	6,622	6,667	6,542	6,596	6,292	4,858
Gross Profit	1,446	1,405	1,202	1,122	910	1,310
Selling, General & Admin	122	109	149	183	113	698
Other Operating Expenses	80	80	60	58	56	-
Operating Expenses	715	679	641	633	554	1,076
Operating Income	731	726	561	489	356	234
Interest Expense	-219	-223	-168	-135	-211	-308
Other Non Operating Income (Expenses)	-53	-3	-3	55	-1	-1
EBT Excluding Unusual Items	459	500	390	409	144	-75
Merger & Restructuring Charges	-36	-27	-44	-50	-19	-22
Impairment of Goodwill	-	-	-	-64	-	-
Gain (Loss) on Sale of Investments	-	13	-	-	-	-
Gain (Loss) on Sale of Assets	37	40	5	60	72	-
Legal Settlements	13	-	-8	-	-	-
Other Unusual Items	-26	-53	-83	-97	-90	-67
Pretax Income	447	473	260	258	107	-164
Income Tax Expense	115	86	68	74	11	-54
Earnings From Continuing Operations	332	387	192	184	96	-110
Earnings From Discontinued Operations	-	-	-3	482	240	217
Net Income to Company	332	387	189	666	336	107
Minority Interest in Earnings	-	-	-	-	-	3
Net Income	332	387	189	666	336	110
Preferred Dividends & Other Adjustments	-	-	-	-	-	31
Net Income to Common	332	387	189	666	336	79
Net Income Growth	-10.27%	104.76%	-71.62%	98.21%	205.45%	-73.75%
Shares Outstanding (Basic)	118	116	116	115	112	92
Shares Outstanding (Diluted)	120	120	118	116	114	92
Shares Change (YoY)	0.42%	1.70%	1.72%	1.75%	23.91%	-13.21%
EPS (Basic)	2.83	3.34	1.63	5.79	3.00	0.86
EPS (Diluted)	2.78	3.23	1.59	5.75	2.94	0.86
EPS Growth	-9.88%	102.56%	-72.25%	95.73%	241.83%	-75.94%
Free Cash Flow	232	19	-851	311	452	636
Free Cash Flow Per Share	1.93	0.16	-7.21	2.68	3.96	6.91
Gross Margin	17.92%	17.41%	15.52%	14.54%	12.63%	21.24%
Operating Margin	9.06%	8.99%	7.24%	6.34%	4.94%	3.79%
Profit Margin	4.12%	4.79%	2.44%	8.63%	4.67%	1.28%
Free Cash Flow Margin	2.88%	0.24%	-10.99%	4.03%	6.28%	10.31%
EBITDA	1,244	1,216	993	881	741	612
EBITDA Margin	15.42%	15.06%	12.82%	11.42%	10.29%	9.92%
D&A For EBITDA	513	490	432	392	385	378
EBIT	731	726	561	489	356	234
EBIT Margin	9.06%	8.99%	7.24%	6.34%	4.94%	3.79%
Effective Tax Rate	25.73%	18.18%	26.15%	28.68%	10.28%	-

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q