Filing Flows › GXO Logistics (GXO) › Q1 2026
GXO Logistics (GXO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
GXO Logistics (GXO) reported revenue of $3.3B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -6% from the quarter before. Operating margin was 1.2%, net earnings $5.0M (0.2% of revenue).
GXO Logistics, Q1 2026: revenue $3.3B (+11% year over year), operating margin 1.2%, net earnings $5.0M, operating cash flow $31.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | -6% | +11% |
| Operating profit | $39.0M | -59% | — |
| Net earnings | $5.0M | -88% | — |
| Operating cash flow | $31.0M | -82% | +7% |
What changed
Revenue was $3.3B in Q1 2026, up 11% year over year and down 6% from the previous quarter. E-Commerce, Omnichannel and Consumer Technology was the largest line at 47% of revenue. E-Commerce, Omnichannel and Consumer Technology added $0.14B year over year (up 10%), 43% of the total change.
Operating profit was $0.04B, a 1.2% margin (up 3.1 points year over year). Total costs grew 7% against revenue growth of 11%. The fastest-growing cost line was SG&A (+13%). Net earnings were $4.0M. The effective tax rate was 70.6%.
Operating cash flow was $0.03B (up 7% year over year), 620% of net income including minority interests. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was GXO Logistics' revenue in the first quarter 2026?
GXO Logistics (GXO) reported revenue of $3.3B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -6% from the quarter before.
Was GXO Logistics profitable in the first quarter 2026?
Operating profit was $39.0M (1.2% of revenue) and net earnings $5.0M.
Source: GXO Logistics 10-Q on SEC EDGAR.