How XPO makes money

Period

FY2025

How does XPO make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

XPO Inc. · FY2025 · year ended 2025-12-31

Revenue$8.2BGross profit$8.2B · 100%Cost of revenue$0 · 0%Operating income$656M · 8%Operating expenses$7.5B · 92%Other opex$7.5B · 92%Pre-tax income$437M · 5%Other expense$219M · 3%Net income$316M · 4%Income tax$121M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.