XPO
$186.09+3.54%
as of close, Oct 2, 2026
☾ AH $186.09 +3.54%
XPO Inc.Stock · Consumer DiscretionaryRussell 1000 0.03%Russell 3000 0.03%US Stock Market 0.03%MSCI ACWI 0.02%
XPO financial statements
The full income statement, balance sheet, and cash-flow statement for XPO Inc. (XPO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 116.4M2024-09 116.4M2024-12 117.2M2025-03 117.8M2025-06 117.8M2025-09 117.4M2025-12 117.1M2026-03 117.4M2026-06 117.1M+0.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.16B+1.1% | 8.07B+4.2% | 7.74B+0.3% | 7.72B+7.2% | 7.20B+16.8% | |
| Selling, general & administrative | — | — | — | 678M-10.3% | 756M+1.3% | |
| Restructuring | — | — | 38.0M-24.0% | 50.0M+163.2% | 19.0M-38.7% | |
| Amortization of intangibles | 58.0M+1.8% | 57.0M+5.6% | 54.0M+0.0% | 54.0M-3.6% | 56.0M+1.8% | |
| Provision for credit losses | 26.0M+23.8% | 21.0M-36.4% | 33.0M+22.2% | 27.0M+35.0% | 20.0M-35.5% | |
| Operating income | 656M-0.6% | 660M+50.7% | 438M+16.2% | 377M+20.8% | 312M+221.6% | |
| Interest expense | 219M-1.8% | 223M+32.7% | 168M+24.4% | 135M-36.0% | 211M-31.5% | |
| Other non-operating income | 6.00M-83.8% | 37.0M+146.7% | 15.0M-72.7% | 55.0M-8.3% | 60.0M+27.7% | |
| Gain (loss) on equity securities | 0.00-100.0% | 13.0M | — | — | — | |
| Pre-tax income | 437M-7.6% | 473M+81.9% | 260M+0.8% | 258M+141.1% | 107M-27.7% | |
| Income tax | 121M+40.7% | 86.0M+26.5% | 68.0M-8.1% | 74.0M+572.7% | 11.0M+120.4% | |
| 316M-18.3% | 387M+104.8% | 189M-71.6% | 666M+98.2% | 336M+205.5% | ||
| Income from continuing operations | 316M-18.3% | 387M+101.6% | 192M+4.3% | 184M+91.7% | 96.0M+187.3% | |
| Net income to non-controlling interest | — | — | — | — | 0.00+100.0% | |
| Net income to common | — | — | 189M-71.6% | 666M+98.2% | 336M+325.3% | |
| $2.64-18.3% | $3.23+101.9% | $1.60-72.2% | $5.76+96.6% | $2.93+236.8% | ||
| EPS (basic) | $2.69-19.2% | $3.33+103.0% | $1.64-71.7% | $5.79+93.6% | $2.99+243.7% | |
| Weighted-avg shares (basic) | 118M+1.7% | 116M+0.0% | 116M+0.9% | 115M+2.7% | 112M+21.7% | |
| Weighted-avg shares (diluted) | 119M-0.8% | 120M+1.7% | 118M+1.7% | 116M+1.8% | 114M+23.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.63B+8.3% | 1.50B-5.5% | 1.59B-2.3% | 1.63B-39.3% | 2.69B-50.0% | ||
| Cash & equivalents | 310M+26.0% | 246M-40.3% | 412M-10.4% | 460M+101.8% | 228M-86.8% | |
| Accounts receivable | 1.03B+5.9% | 977M+0.4% | 973M+2.0% | 954M+5.1% | 908M-46.0% | |
| Other current assets | 285M+0.7% | 283M+36.1% | 208M+4.5% | 199M-9.1% | 219M-27.7% | |
| 8.19B+6.3% | 7.71B+2.9% | 7.49B+19.5% | 6.27B-28.1% | 8.72B-46.1% | ||
| Property, plant & equipment | 3.66B+7.7% | 3.40B+10.6% | 3.08B+67.8% | 1.83B+9.4% | 1.68B-11.4% | |
| Operating lease right-of-use | 777M+6.9% | 727M+2.7% | 708M-1.5% | 719M+3.2% | 697M-17.4% | |
| Goodwill | 1.55B+5.9% | 1.46B-2.5% | 1.50B+1.8% | 1.47B-7.7% | 1.59B-3.5% | |
| Intangible assets | 311M-13.9% | 361M-14.5% | 422M+3.7% | 407M-13.4% | 470M-30.4% | |
| Deferred tax assets | 12.0M+9.1% | 11.0M-26.7% | 15.0M+275.0% | 4.00M | 0.00-100.0% | |
| Other non-current assets | 265M+4.3% | 254M+29.6% | 196M-6.2% | 209M-9.5% | 231M+23.5% | |
| Total non-current assets | 6.56B+5.8% | 6.21B+5.2% | 5.90B+27.2% | 4.64B-23.1% | 6.03B-44.2% | |
| 1.55B+9.5% | 1.42B-10.7% | 1.59B+5.5% | 1.51B-40.9% | 2.55B-50.6% | ||
| Accounts payable | 455M-4.6% | 477M-10.3% | 532M+2.1% | 521M+0.4% | 519M-39.2% | |
| Current lease liability | 166M+30.7% | 127M+5.0% | 121M+13.1% | 107M+0.0% | 107M-29.6% | |
| Other current liabilities | 113M+145.7% | 46.0M-50.5% | 93.0M+210.0% | 30.0M-48.3% | 58.0M-43.1% | |
| Finance lease liability (current) | 54.0M+3.8% | 52.0M-18.8% | 64.0M+14.3% | 56.0M-1.8% | 57.0M-3.4% | |
| Long-term debt | 3.25B-2.2% | 3.33B-0.3% | 3.33B+34.9% | 2.47B-29.6% | 3.51B-33.0% | |
| Non-current lease liability | 611M+1.3% | 603M+2.6% | 588M-3.0% | 606M+1.7% | 596M-14.4% | |
| Operating lease liability (total) | 777M+6.4% | 730M+3.0% | 709M-0.6% | 713M+1.4% | 703M-17.1% | |
| Finance lease liability (total) | 248M+18.1% | 210M-13.6% | 243M+13.6% | 214M-9.7% | 237M-6.0% | |
| Finance lease liability | 195M+23.4% | 158M-11.7% | 179M+13.3% | 158M-12.2% | 180M-6.7% | |
| Deferred tax liabilities | 482M+22.6% | 393M+16.6% | 337M+5.6% | 319M+29.1% | 247M-13.6% | |
| Other non-current liabilities | 345M+21.9% | 283M-0.7% | 285M+10.0% | 259M-4.8% | 272M-29.2% | |
| Total non-current liabilities | 4.78B+1.9% | 4.69B+1.2% | 4.64B+23.6% | 3.75B-25.5% | 5.03B-38.4% | |
| 1.86B+16.2% | 1.60B+26.5% | 1.27B+25.1% | 1.01B-11.1% | 1.14B-60.1% | ||
| Preferred stock | — | — | — | — | 0.00-100.0% | |
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 1.16B-8.9% | 1.27B-1.8% | 1.30B+4.8% | 1.24B+5.0% | 1.18B-41.0% | |
| Retained earnings | 888M+55.2% | 572M+209.2% | 185M+4725.0% | -4.00M-109.3% | 43.0M-95.0% | |
| Accumulated other comprehensive income | -187M+24.0% | -246M-13.4% | -217M+2.3% | -222M-164.3% | -84.0M+46.8% | |
| Non-controlling interest | — | — | — | — | 0.00-100.0% | |
| Total equity incl. non-controlling | — | — | — | 1.01B-11.1% | 1.14B-60.1% | |
| Total liabilities & equity | 8.19B+6.3% | 7.71B+2.9% | 7.49B+19.5% | 6.27B-28.1% | 8.72B-46.1% | |
| Common shares issued | 117M+0.0% | 117M+0.9% | 116M+0.9% | 115M+0.0% | 115M+12.7% | |
| Common shares outstanding | 117M+0.0% | 117M+0.9% | 116M+0.9% | 115M+0.0% | 115M+12.7% | |
| Shares outstanding (cover) | 117M-0.1% | 117M+1.0% | 116M+0.5% | 116M+0.6% | 115M+12.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 986M+22.0% | 808M+16.4% | 694M-15.8% | 824M+25.6% | 656M+69.1% | ||
| Depreciation & amortization | 467M+8.1% | 432M+14.9% | 376M+11.9% | 336M+2.8% | 327M-13.5% | |
| Intangible amortization | 58.0M+1.8% | 57.0M+5.6% | 54.0M+0.0% | 54.0M-3.6% | 56.0M+1.8% | |
| Share-based compensation | 77.0M-11.5% | 87.0M+11.5% | 78.0M+1.3% | 77.0M+148.4% | 31.0M-16.2% | |
| Deferred income taxes | 99.0M+73.7% | 57.0M+83.9% | 31.0M-61.3% | 80.0M+1042.9% | 7.00M+111.1% | |
| Change in receivables | 47.0M+0.0% | 47.0M+2.2% | 46.0M-54.0% | 100M-41.5% | 171M | |
| Change in payables | -22.0M-175.0% | -8.00M+83.3% | -48.0M-177.4% | 62.0M-36.7% | 98.0M+5000.0% | |
| — | — | — | — | -184M-58.6% | ||
| Capital expenditure | 657M-16.7% | 789M-48.5% | 1.53B+194.2% | 521M+93.7% | 269M+8.0% | |
| Free cash flow | 329M+1631.6% | 19.0M+102.3% | -839M-376.9% | 303M-21.7% | 387M+178.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 0.00-100.0% | 12.0M | 0.00 | 0.00 | — | |
| Proceeds from sale of PP&E | 41.0M-45.3% | 75.0M+158.6% | 29.0M-67.0% | 88.0M-32.8% | 131M | |
| Other investing activities | — | — | 0.00 | 0.00-100.0% | 3.00M+175.0% | |
| — | — | — | — | -1.93B-267.4% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 2.96B | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 125M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | 4.00M+500.0% | -1.00M+0.0% | -1.00M-133.3% | 3.00M+160.0% | -5.00M-225.0% | |
| FX effect on cash | -1.00M | 0.00-100.0% | 5.00M+127.8% | -18.0M-800.0% | -2.00M-114.3% | |
| Net change in cash | 31.0M+125.8% | -120M-135.3% | -51.0M-125.9% | 197M+111.0% | -1.79B-206.8% | |
| Interest paid | 229M+2.7% | 223M+20.5% | 185M+27.6% | 145M-42.7% | 253M-19.4% | |
| Income taxes paid | -4.00M-104.4% | 90.0M+164.7% | 34.0M-60.9% | 87.0M+11.5% | 78.0M+110.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 15.9B+3.5% | 15.4B+51.4% | 10.2B+165.0% | 3.83B-27.4% | 5.28B+25.3% | |
| P/E | 50.4×+26.8% | 39.7×-85.5% | 274.5×+6216.2% | 4.3×-72.3% | 15.7×-59.0% | |
| P/S | 2.0×+2.5% | 1.9×+43.2% | 1.3×+165.8% | 0.5×-31.7% | 0.7×+7.3% | |
| P/B | 8.6×-10.9% | 9.6×+13.2% | 8.5×+295.3% | 2.1×-53.7% | 4.6×+213.8% | |
| P/FCF | 48.4×-94.0% | 809.3× | — | 8.3×-39.1% | 13.6×-55.0% | |
| Earnings yield | 2.0%-21.1% | 2.5%+591.0% | 0.36%-98.4% | 23.0%+261.6% | 6.4%+143.7% | |
| FCF yield | 2.1%+1572.3% | 0.12% | — | 12.0%+64.1% | 7.3%+122.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: XPO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XPO filings on SEC EDGAR → Not investment advice.