XPO, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, XPO, Inc. reported net income of $316.00M on revenue of $8.16B. Operating cash flow was $986.00M and capital expenditures were $657.00M, leaving $329.00M of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.62B | $15.38B | $17.28B | $10.68B | $6.17B | $7.20B | $7.72B | $7.74B | $8.07B | $8.16B |
| Operating income | $464.00M | $582.00M | $704.00M | $561.00M | $97.00M | $312.00M | $377.00M | $438.00M | $660.00M | $656.00M |
| Net income | $69.00M | $340.00M | $422.00M | $419.00M | $110.00M | $336.00M | $666.00M | $189.00M | $387.00M | $316.00M |
| Diluted EPS | $0.53 | $2.45 | $2.88 | $3.57 | $0.87 | $2.93 | $5.76 | $1.60 | $3.23 | $2.64 |
| Operating cash flow | $622.00M | $785.00M | $1.10B | $629.00M | $388.00M | $656.00M | $824.00M | $694.00M | $808.00M | $986.00M |
| Capital expenditures | $483.00M | $504.00M | $551.00M | $379.00M | $249.00M | $269.00M | $521.00M | $1.53B | $789.00M | $657.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 8.0% | 3.9% |
| Dec 2024 | — | 8.2% | 4.8% |
| Dec 2023 | — | 5.7% | 2.4% |
| Dec 2022 | — | 4.9% | 8.6% |
| Dec 2021 | — | 4.3% | 4.7% |
Source: SEC EDGAR XBRL company facts for CIK 1166003 (raw data). Most recent filing in this dataset: 10-Q filed Oct 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.