XPO, Inc. (XPO)
NYSE: XPO · Real-Time Price · USD
197.74
+0.90 (0.46%)
At close: Aug 21, 2026, 4:00 PM EDT
197.80
+0.06 (0.03%)
After-hours: Aug 21, 2026, 7:56 PM EDT
XPO, Inc. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 404 | 316 | 387 | 189 | 666 | 336 |
Depreciation & Amortization | 532 | 521 | 490 | 432 | 392 | 385 |
Loss (Gain) From Sale of Assets | -22 | -17 | -40 | -5 | -60 | -72 |
Asset Writedown & Restructuring Costs | - | - | - | - | 64 | - |
Stock-Based Compensation | 76 | 77 | 87 | 78 | 77 | 31 |
Other Operating Activities | 153 | 134 | 78 | 99 | -316 | -160 |
Change in Accounts Receivable | -185 | -47 | -47 | -46 | -100 | -171 |
Change in Accounts Payable | 29 | -22 | -8 | -48 | 62 | 98 |
Change in Other Net Operating Assets | 101 | 24 | -139 | -5 | 39 | 43 |
Operating Cash Flow | 1,088 | 986 | 808 | 682 | 832 | 721 |
Operating Cash Flow Growth | 29.22% | 22.03% | 18.48% | -18.03% | 15.39% | -18.53% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -500 | -657 | -789 | -1,533 | -521 | -269 |
Sale of Property, Plant & Equipment | 62 | 41 | 75 | 29 | 88 | 131 |
Investment in Securities | - | - | 12 | - | - | - |
Other Investing Activities | -4 | - | - | 5 | 678 | -139 |
Investing Cash Flow | -442 | -616 | -702 | -1,499 | 245 | -277 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 23 | - | 34 | 275 | - |
Long-Term Debt Issued | - | - | - | 2,962 | - | - |
Total Debt Issued | 912 | 23 | - | 2,996 | 275 | - |
Short-Term Debt Repaid | - | - | -9 | - | -295 | - |
Long-Term Debt Repaid | - | -188 | -82 | -2,188 | -1,129 | -3,073 |
Total Debt Repaid | -1,176 | -188 | -91 | -2,188 | -1,424 | -3,073 |
Net Debt Issued (Repaid) | -264 | -165 | -91 | 808 | -1,149 | -3,073 |
Issuance of Common Stock | - | - | - | - | - | 384 |
Repurchase of Common Stock | -305 | -175 | -129 | -19 | -27 | -28 |
Other Financing Activities | 4 | 1 | -6 | -28 | 314 | 483 |
Financing Cash Flow | -565 | -339 | -226 | 761 | -862 | -2,234 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -2 | -1 | - | 5 | -18 | -2 |
Miscellaneous Cash Flow Adjustments | 1 | 1 | - | - | - | - |
Net Cash Flow | 80 | 31 | -120 | -51 | 197 | -1,792 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 588 | 329 | 19 | -851 | 311 | 452 |
Free Cash Flow Growth | 281.82% | 1631.58% | - | - | -31.20% | -28.93% |
Free Cash Flow Margin | 6.86% | 4.03% | 0.24% | -10.99% | 4.03% | 6.28% |
Free Cash Flow Per Share | 4.94 | 2.77 | 0.16 | -7.21 | 2.68 | 3.96 |
Levered Free Cash Flow | 473.75 | 266.5 | -108.63 | -753.38 | 408.25 | 124.63 |
Unlevered Free Cash Flow | 605.63 | 403.38 | 30.75 | -648.38 | 492.63 | 256.5 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 221 | 229 | 223 | 185 | 145 | 253 |
Cash Income Tax Paid | - | -4 | 90 | 34 | 87 | 78 |
Change in Working Capital | -55 | -45 | -194 | -99 | 1 | -30 |