XPO
XPO, Inc.148.15
+1.47+1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guides FY26 OR to +100-150bps
Q&A provided FY2026 LTL OR guidance of 100-150 basis points improvement assuming flat tonnage and no macro recovery, with upside from recent ISM strength. January tonnage landed flat year-over-year excluding storm impact—better than seasonal—fueled by industrial demand plus share gains in local accounts (now 25% of revenue, targeting 30%) and verticals like grocery (shipments tripled) and healthcare. AI productivity targets low single-digits across linehaul ($16M/point), P&D ($9M/point), and dock ($4M/point). Excess doors enable 15-20% volume absorption; incremental margins top 40% in upcycle. OR improves Q1 sequentially. Management stayed bullish on self-driven levers. Investors eye volume sustainability.
Key Stats
Market Cap
17.45BP/E (TTM)
53.10Basic EPS (TTM)
2.79Dividend Yield
0%Recent Filings
8-K
XPO LTL tonnage flat Jan
XPO disclosed final January 2026 North American LTL metrics, showing flat tonnage per day versus January 2025 from 1.2% higher shipments per day offset by 1.2% lighter weight per shipment. February preliminary figures edged up 0.2% in tonnage per day, driven by 3.0% more shipments despite 2.8% lower weight. Actuals may vary. Risks include freight market volatility.
10-K
FY2025 results
XPO's FY2025 revenue edged up 1.1% to $8.2B, with North American LTL down 1.4% to $4.8B on 6.2% lower pounds per day, yet yield soared 6.0% to $25.39 per hundredweight from service gains. Adjusted EBITDA held steady at $1.3B, as LTL margins expanded to 23.6% via insourcing linehaul—Q4 outsourced miles fell to 5.1%—and productivity boosts, offsetting tonnage weakness. North American LTL drove results, adding 1,200 tractors to hit 3.7-year average age. Q4 accelerated yield and efficiency. Cash from operations hit $986M; $125M share buybacks deployed. European divestiture authorized. Freight recessions cut volumes.
8-K
Q4 EBITDA up 11% YoY
XPO released its Q4 2025 investor presentation on February 5, 2026, highlighting adjusted EBITDA up 11% YoY to $312 million and LTL adjusted operating ratio improving 180 bps to 84.4%. North American LTL revenue hit $1.17 billion with yield excluding fuel up 5.2% YoY. LTL crushes margins. Company guides 2026 capex at $500-600 million amid freight risks.
8-K
XPO Q4 revenue +4.7%, adj EBITDA +3%
XPO reported Q4 revenue up 4.7% to $2.01B, with adjusted EBITDA rising 3.0% to $312M despite lower real estate gains. North American LTL drove gains, boosting adjusted operating income 13.8% to $181M and trimming adjusted operating ratio to 84.4%. Europe grew revenue 10.6%. Restructuring costs jumped.
8-K
Jacobs steps down, Harik named Chairman
XPO announced Bradley S. Jacobs stepping down from the Board and Executive Chairman role on December 31, 2025, transitioning to Special Advisor until June 30, 2026, with unchanged salary and bonus. Director Mario Harik, also CEO, steps up as Chairman effective January 1, 2026. Leadership consolidates smoothly. No disruptions disclosed.
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