Filing Flows › Industrials › RXO (RXO)
RXO (RXO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · RXO (RXO) Q3 2026 earnings results →
Q3 2026 Revenue up 32% year over year to $1.9B · 0¢ of every $1 of revenue kept as net profit · operating margin 0.9%
RXO made $1.9B in Q3 2026 (+32% Y/Y). Operating margin 0.9%, net earnings $3.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.9B in Q3 2026, up 32% year over year and up 5% from the previous quarter.
Operating profit was $0.02B, a 0.9% margin (up 1.4 points year over year). Total costs grew 30% against revenue growth of 32%. The fastest-growing cost line was Cost of revenue (+35%). Net earnings were $3.0M. The effective tax rate was 50.0%.
Operating cash flow was $0.03B (up 9% year over year), 833% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.01B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $1.9B | +32% | 0.9% | $3.0M | $25.0M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.8B | +25% | 0.1% | −$9.0M | −$40.0M |
| Q1 2026 | 10-Q | May 7, 2026 | $1.4B | -0.6% | -2.0% | −$36.0M | −$7.0M |
| Q4 2025 | 10-K | Feb 9, 2026 | $1.5B | -12% | -2.9% | −$46.0M | $7.0M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $1.4B | +37% | -0.5% | −$14.0M | $23.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $1.4B | +53% | 0.0% | −$9.0M | $23.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $1.4B | +57% | -2.1% | −$31.0M | −$2.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About RXO
RXO, Inc. (“RXO”, the “Company” or “we”) is a brokered transportation platform defined by cutting-edge technology and an asset-light business model. The largest component is our core truck brokerage business. Our operations also include asset-light managed transportation and last mile services, which complement our truck brokerage business. Our truck brokerage business has a history of generating robust free cash flow conversion and a high return on invested capital. Shippers create demand for our service, and we place their freight with qualified independent carriers using our technology. We price our service on either a contract or a spot basis.
In its own words, from its 10-K, filed Feb 9, 2026.
RXO against its Transportation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +32% against the peers' median +12%. Operating margin: 0.9% against the peers' median 12.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RXO RXO | Q3 2026 | $1.9B | +32% | 0.9% |
| BKNG Booking Holdings | Q3 2026 | $8.9B | -1% | 38.4% |
| EXPE Expedia Group | Q3 2026 | $4.9B | +12% | 26.9% |
| GXO GXO Logistics | Q3 2026 | $3.6B | +6% | 2.7% |
| XPO XPO | Q3 2026 | $2.4B | +12% | 12.1% |
| GMRS GMR Solutions | Q2 2026 | $1.5B | +3% | 3.8% |
| GBTG Global Business Travel Group | Q2 2026 | $870M | +38% | 2.8% |
| GATX Gatx | Q3 2026 | $598M | +36% | 32.2% |
| LIND Lindblad Expeditions Holdings | Q3 2026 | $269M | +12% | 15.9% |
Source: RXO 10-Q on SEC EDGAR · CIK 1929561 · Transportation Services
13F: who owns RXO and who is buying
More on RXO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results