XPO/$XPO

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About XPO

Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. We estimate LTL shipping makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

Ticker

$XPO

Sector

Mobility

Primary listing

NYSE

Employees

38,000

XPO Metrics

BasicAdvanced
$15B
45.05
$2.89
1.75
-

What the Analysts think about XPO

Analyst ratings (Buy, Hold, Sell) for XPO stock.

Bulls say / Bears say

XPO’s North American LTL segment achieved an adjusted operating ratio of 82.9% in Q2 2025, a 30 basis-point improvement year-over-year, reflecting industry-leading margin gains despite a soft freight environment (SEC Investor Presentation).
The company grew LTL yield excluding fuel by 6.1% year-over-year and reduced purchased transportation expense by 53%, driven by insourcing linehaul miles, which materially enhanced unit profitability in Q2 2025 (SEC Investor Presentation).
XPO refinanced $2 billion of term loan facilities at LIBOR+1.75%, reducing its annual interest expense by an estimated $86 million and improving financial flexibility as it targets net debt leverage of 1–2× EBITDA (XPO Press Release)
S&P Global downgraded XPO’s issuer credit rating from BB+ to BB, citing persistently weak freight market conditions expected to persist over the next 12 months and moving the outlook to stable, underscoring non-investment grade leverage risks (Equity Insider).
S&P Global noted that U.S. LTL tonnage has continued to decline through both decreasing shipments per day and lower weight per shipment, with freight volumes unlikely to recover materially until 2026, highlighting ongoing demand headwinds in XPO’s core business (Equity Insider).
The ratings agency also pointed to XPO’s $870 million acquisition of Yellow Corp.’s terminals, which left the company with approximately 30% excess capacity amid muted volumes, exacerbating elevated leverage and utilization challenges (Equity Insider)
Data summarised monthly by Lightyear AI. Last updated on 4 Sept 2025.

XPO Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

XPO Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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