XPO · XPO, Inc. · Financials
5 customers — 11% of revenue (2025)
“In our North American LTL segment, in 2025, our top five customers combined accounted for less than 11% of revenue”
5 customers — 8% of revenue (2025)
“Globally, in 2025, our top five customers combined accounted for approximately 8% of revenue”
One customer — 4% of revenue (2025)
“with the largest customer accounting for approximately 4% of revenue”
One customer — 3% of revenue (2025)
“with the largest customer accounting for less than 3% of revenue”
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $8.84B | $8.16B | $8.07B | $7.74B | $7.72B | $7.2BG | $6.17B | $10.68B | $17.28B | $15.38B | $14.62B | $7.62B | $2.36B | $702.3M | $278.6M | $177.08M | $157.99M | $100.14M | |
| — | — | — | — | — | — | $7.85B | $8.3B | $9.01B | $8.13B | $7.89B | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | -$1.68Bd | $2.38Bd | $8.27Bd | $7.25Bd | $6.73Bd | — | — | $123.51M | $40.83M | $29.78M | $27.4M | $16.74M | |
| — | — | — | — | — | — | -27.3%d | 22.26%d | 47.84%d | 47.13%d | 46.05%d | — | — | 17.59% | 14.65% | 16.82% | 17.34% | 16.72% | |
| — | — | — | — | — | — | — | — | $1.84B | $1.66B | $1.65B | $1.11B | $422.5M | $169.5M | $68.8M | $28.05M | $18.95M | $13.57M | |
| — | — | — | — | $678M | $756M | $746M | $1.07B | $1.84B | $1.66B | — | — | $62.5M | $14.1M | $1.3M | — | — | — | |
| — | $58M | $57M | $54M | $54M | $56M | $55M | $96M | $159M | $164M | $174M | $160.8M | $62.5M | $14.1M | $1.3M | $500K | — | — | |
| $478M | $467M | $432M | $376M | $336M | $327M | $321M | $370M | $546M | $488M | $466M | $203M | $35.8M | $6.7M | $1.4M | $700K | $1.37M | $1.19M | |
| — | — | — | $38M | $50M | $19M | $31M | $49M | $21M | $34M | $27.5M | $56.9M | $11.4M | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | $16.58B | $14.8B | $14.16B | $7.65B | $2.4B | $754.6M | $306.6M | — | — | — | |
| — | — | — | — | — | — | — | $15.83B | $16.58B | $14.8B | — | — | — | — | — | — | — | — | |
| $1.78B | $1.57B | $1.59B | $1.62B | $1.69B | $1.49B | $5.84B | $5.68B | $5.73B | $5.01B | $4.62B | — | — | — | — | — | — | — | |
| $876M | $656M | $660M | $438M | $377M | $312M | $97M | $561M | $704M | $582M | $464M | -$28.6M | -$40.9M | -$52.3M | -$28M | $1.72M | $8.45M | $3.17M | |
| — | 8.04% | 8.18% | 5.66% | 4.88% | 4.33% | 1.57% | 5.25% | 4.07% | 3.78% | 3.17% | -0.38% | -1.74% | -7.45% | -10.05% | 0.97% | 5.35% | 3.17% | |
| $1.35B | $1.12B | $1.09B | $814M | $713M | $639M | $418M | $931M | $1.25B | $1.07B | $930M | $174.4M | -$5.1M | -$45.6M | -$26.6M | $2.42M | $9.81M | $4.36M | |
| $207M | $219M | $223M | $168M | $135M | $211M | $308M | $268M | $217M | $284M | $361M | $216.7M | $48M | $18.2M | $3.2M | $191K | $205K | $105K | |
| $11M | $6M | $37M | $15M | $55M | $60M | $47M | $23M | $109M | $57M | $34M | $7.6M | -$400K | -$500K | -$300K | -$56K | — | — | |
| $673M | $437M | $473M | $260M | $258M | $107M | -$164M | $301M | $566M | $261M | $107M | -$282.5M | -$89.7M | -$71M | -$31.5M | $1.48M | $8.1M | $3.02M | |
| $171M | $121M | $86M | $68M | $74M | $11M | -$54M | $60M | $122M | -$99M | $22M | -$90.9M | -$26.1M | -$22.5M | -$11.2M | $718K | $3.21M | $1.33M | |
| $503M | $316M | $387M | $189M | $666M | $336M | $110M | $419M | $422M | $340M | $69M | -$191.1M | -$63.6M | -$48.5M | -$20.3M | $759K | $4.89M | $1.71M | |
| — | 3.87% | 4.79% | 2.44% | 8.63% | 4.67% | 1.78% | 3.92% | 2.44% | 2.21% | 0.47% | -2.51% | -2.7% | -6.91% | -7.29% | 0.43% | 3.09% | 1.7% | |
| — | — | — | — | — | $0 | -$3M | $0 | $22M | $20M | $16M | -$500K | $0 | $0 | — | — | — | — | |
| — | — | — | $189M | $666M | $336M | $79M | $379M | $390M | $312M | $63M | -$245.9M | -$107.4M | -$51.5M | -$23.3M | -$44.58M | $4.89M | $1.71M | |
| $519M | $375M | $359M | $194M | $526M | $284M | $97M | $428M | $252M | $563M | -$53M | -$263.4M | -$63.6M | -$48.5M | — | — | — | — | |
| USD/shares | $4.31 | $2.69 | $3.33 | $1.64 | $5.79 | $2.99 | $0.87 | $3.95 | $1.85 | $1.58 | $0.33 | -$1.54 | -$1.16 | -$1.32 | -$0.87 | -$3.15 | $0.36 | $0.12 |
| USD/shares | $4.23 | $2.64 | $3.23 | $1.60 | $5.76G | $2.93G | $0.87 | $3.57 | $1.68 | $1.43 | $0.31 | -$1.54 | -$1.16 | -$1.32 | -$0.87 | -$3.15 | $0.34 | $0.12 |
| shares | — | 118M | 116M | 116M | 115M | 112M | 92M | 96M | 211.31M | 197.57M | 188.98M | 159.43M | 92.08M | 39.09M | 26.96M | 14.17M | 13.85M | 13.76M |
| shares | — | 119M | 120M | 118M | 116M | 114M | 92M | 106M | 231.93M | 219.9M | 211.31M | 159.43M | 92.08M | 39.17M | 26.97M | 14.17M | 14.22M | 13.82M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2016–FY2025: $2.12B in buybacks, $28M in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2026-09-30 | USD 170,000,000 | 10-Q filed 2026-10-29 |
| Debt and lease obligations | 2026-09-30 | USD 3,207,000,000 | 10-Q filed 2026-10-29 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Noncurrent operating lease liabilities | 2026-09-30 | USD 627,000,000 | 10-Q filed 2026-10-29 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 7 similar-size Trucking companies (of 17 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| North American LTL | $4,832,000,000 | $4,899,000,000 | $4,671,000,000 | $4,645,000,000 | $4,125,000,000 | $3,546,000,000 | $3,791,000,000 | $11,343,000,000 |
| European Transportation | $3,324,000,000 | $3,173,000,000 | $3,073,000,000 | $3,073,000,000 | $3,077,000,000 | $2,622,000,000 | — | — |
| Brokerage and Other Services | — | — | — | — | $8,907,000,000 | $6,800,000,000 | $7,041,000,000 | — |
| Contract Logistics | — | — | — | — | — | $6,182,000,000 | $6,093,000,000 | $6,065,000,000 |
| Expedited Transportation | — | — | — | — | — | $10,199,000,000 | $10,687,000,000 | $11,343,000,000 |
| North American Intermodal Operation | — | — | — | — | $1,200,000,000 | — | — | — |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $4,726,000,000 | $4,792,000,000 | $4,572,000,000 | $4,549,000,000 | $4,036,000,000 | $3,468,000,000 | $7,453,000,000 | $10,232,000,000 |
| France | $1,305,000,000 | $1,277,000,000 | $1,291,000,000 | $1,328,000,000 | $1,354,000,000 | $1,206,000,000 | $1,358,000,000 | $2,165,000,000 |
| United Kingdom | $1,142,000,000 | $1,023,000,000 | $905,000,000 | $878,000,000 | $879,000,000 | $677,000,000 | $760,000,000 | $2,070,000,000 |
| Europe Excluding France and United Kingdom | $877,000,000 | $873,000,000 | $877,000,000 | $867,000,000 | $844,000,000 | $739,000,000 | $805,000,000 | $2,359,000,000 |
| North America Excluding United States | $106,000,000 | $107,000,000 | $99,000,000 | $96,000,000 | $89,000,000 | $78,000,000 | $285,000,000 | $341,000,000 |
| Europe | — | — | — | — | — | — | $2,923,000,000 | — |
| North America | — | — | — | — | — | — | $7,939,000,000 | — |
| Other Geographical Areas | — | — | — | — | — | — | $20,000,000 | $112,000,000 |
By Product & Service (USD)
| Component | FY2020 | FY2019 | FY2018 |
|---|---|---|---|
| Less Than Truckload | $4,450,000,000 | $4,815,000,000 | $4,839,000,000 |
| Freight Brokerage and Truckload | $4,373,000,000 | $4,383,000,000 | $4,784,000,000 |
| Last Mile | $908,000,000 | $873,000,000 | $1,065,000,000 |
| Managed Transportation | $344,000,000 | $496,000,000 | $462,000,000 |
| Global Forwarding | $300,000,000 | $299,000,000 | $338,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|
| North American Intermodal Operation | $53,000,000 | — | — | — | — |
| Contract Logistics | — | $140,000,000 | $241,000,000 | $216,000,000 | $202,000,000 |
| Expedited Transportation | — | $507,000,000 | $752,000,000 | $646,000,000 | $547,000,000 |
Operating Margin by Segment (%)
| Component | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|
| Contract Logistics | — | 2.3% | 4% | 3.6% |
| Expedited Transportation | — | 5% | 7% | 5.7% |
| North American Intermodal Operation | 4.4% | — | — | — |