XPO Reports Third Quarter 2026 Results
Key Highlights
- ➤Adjusted diluted EPS $1.70, up 58.9% year-over-year
- ➤Adjusted EBITDA $433 million, up 26.6% year-over-year
- ➤North American LTL adjusted operating income $293 million, up 35.0%
- ➤European Transportation operating income reached $12 million versus a $2 million loss
- ➤XPO generated $415 million operating cash flow and repurchased $150 million of stock
Expert Statements
Mario Harik, Chairman and chief executive officer of XPO
“We delivered another quarter of outstanding performance, accelerating growth in adjusted EBITDA to 27% and adjusted diluted EPS to 59% year-over-year. Our results show how effectively we’re converting more business into higher earnings through a combination of revenue growth and margin expansion.”
Mario Harik, Chairman and chief executive officer of XPO
“In North American LTL, we grew adjusted operating income by 35% year-over-year and improved our adjusted operating ratio by 260 basis points, significantly outperforming seasonality. This reflects sequential improvements in both yield and revenue per shipment, excluding fuel, alongside stronger volume growth from profitable share gains. Increasingly, we’re improving revenue quality with higher-margin freight as customers value our world-class service, including a damage claims ratio below 0.2%. And on the cost side, we’re operating more efficiently by expanding the use of AI across our network.”
Mario Harik, Chairman and chief executive officer of XPO
“Our strong performance across North America and Europe underscores the substantial opportunities we have to continue compounding our earnings growth, with further upside as freight demand recovers. Additionally, we’re accelerating our free cash flow and capital return to shareholders, enhancing long-term value.”
GREENWICH, Conn., Oct. 29, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) today announced its financial results for the third quarter 2026. The company reported diluted earnings per share of $1.53, compared with $0.68 for the same period in 2025, and adjusted diluted earnings per share of $1.70, compared with $1.07 for the same period in 2025.
Third Quarter 2026 Summary Results Three Months Ended September 30, RevenueOperating Income (Loss) ((1)) (in millions)20262025Change %20262025Change % North American Less-Than-Truckload Segment$ 1,473$ 1,25517.4%$ 284$ 20836.5% European Transportation Segment9008575.0%12(2)NM Corporate--0.0%(8)(42)-81.0% Total$ 2,373$ 2,11112.4%$ 288$ 16475.6% Adjusted Operating Income ((2))Adjusted EBITDA ((2)) (in millions)20262025Change %20262025Change % North American Less-Than-Truckload Segment$ 293$ 21735.0%$ 389$ 30826.3% European Transportation Segment229144.4%483826.3% CorporateNANANA(4)(4)0.0% Total$ NA$ NANA$ 433$ 34226.6% Net Income ((1))Diluted EPS ((1)) (in millions, except for per-share data)20262025Change %20262025Change % Total$ 181$ 82120.7%$ 1.53$ 0.68125.0% Diluted Weighted-Average Common Shares OutstandingAdjusted Diluted EPS ((2)) (in millions, except for per-share data)2026202520262025Change % Total118120$ 1.70$ 1.0758.9%
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