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XPO 8-K Report, Financial Results (Oct 29, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 29, 2026
Period End
October 29, 2026
Security
XPO
In the record · 2016–202610-K1110-Q338-K243

XPO filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 243 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Material agreement8-K · May ’19May ’19
  3. Leadership change8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed October 29, 2026. Cited figures are marked; the original filing is the authoritative source.

XPO, Inc. (NYSE: XPO) reported third quarter 2026 results on October 29, 2026, per Exhibit 99.1 furnished with this Form 8-K.

Revenue rose to $2.37 billiona from $2.11 billion, operating income increased to $288 million from $164 million, and net income reached $181 million versus $82 million a year earlier. Diluted EPS was $1.53 compared with $0.68, and adjusted diluted EPS was $1.70 compared with $1.07, a 58.9% increase. Adjusted EBITDA was $433 million versus $342 million, a 26.6% increase.

The third quarter 2025 results included a $35 millionb charge related to environmental and product liability claims tied to a former Con-way subsidiary. North American Less-Than-Truckload (LTL) was the primary driver. Segment revenue grew 17.4% to $1.47 billion, adjusted operating income rose 35.0% to $293 million, and adjusted operating ratio improved 260 basis points to 80.1%.

Yield excluding fuel increased 3.6%, shipments per day rose 5.8%, and tonnage per day rose 5.0%. European Transportation revenue grew 5.0% to $900 millionc, with operating income of $12 million compared with a $2 million loss a year earlier. Management cited accelerating free cash flow and capital return to shareholders.

In the quarter, XPO generated $415 milliond of operating cash flow, ended with $260 million of cash and cash equivalents, and completed $123 million of net capital expenditures, $150 million of common stock repurchases and $100 million of term loan repayments. For the nine months ended September 30, 2026, diluted EPS was $3.75 and net income was $444 million, compared with $2.15 and $257 million a year earlier.

02—Key points

Key Highlights

  1. Third quarter 2026 revenue of $2.37 billion, up from $2.11 billion; operating income of $288 million versus $164 million.
  2. Diluted EPS of $1.53 versus $0.68; adjusted diluted EPS of $1.70 versus $1.07, up 58.9%.
  3. Adjusted EBITDA of $433 million, up 26.6% year over year, with adjusted EBITDA margin of 18.2% versus 16.2%.
  4. North American LTL adjusted operating ratio improved 260 basis points to 80.1%; adjusted operating income up 35.0% to $293 million.
  5. North American LTL yield excluding fuel rose 3.6%, shipments per day increased 5.8%, and tonnage per day increased 5.0%.
  6. European Transportation revenue rose 5.0% to $900 million, and its operating income turned positive at $12 million from a $2 million loss.
  7. Quarter capital returns and debt paydown: $150 million of share repurchases and $100 million of term loan repayments, with $260 million of cash at quarter end.

03—Questions

Frequently Asked Questions

  1. How did XPO perform in the third quarter of 2026?

    XPO reported revenue of $2.37 billion, up from $2.11 billion, and net income of $181 million versus $82 million. Diluted EPS was $1.53 compared with $0.68, and adjusted diluted EPS was $1.70 compared with $1.07.

  2. What drove the improvement in North American LTL?

    The segment's revenue grew 17.4% to $1.47 billion, and adjusted operating income rose 35.0% to $293 million. Management attributed the gains to sequential improvements in yield and revenue per shipment excluding fuel, stronger volume growth from share gains, and cost efficiencies, partly offset by higher fuel costs and wage inflation.

  3. Did the company generate cash and return capital to shareholders?

    XPO generated $415 million of cash flow from operating activities in the third quarter. It spent $123 million on net capital expenditures, repurchased $150 million of common stock and repaid $100 million of term loan debt, ending the quarter with $260 million of cash and cash equivalents.

  4. Were there any one-time charges affecting the prior-year comparison?

    Yes. Third quarter 2025 included a $35 million charge ($27 million after-tax, or $0.23 per share) related to environmental and product liability claims involving a former Con-way subsidiary, which depressed prior-year reported earnings.

04—Continue

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