Filing Flows › XPO (XPO) › Q1 2026
XPO (XPO) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
XPO (XPO) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +4% from the quarter before. Operating margin was 8.3%, net earnings $101M (4.8% of revenue).
XPO, Q1 2026: revenue $2.1B (+7% year over year), operating margin 8.3%, net earnings $101M, operating cash flow $183M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +4% | +7% |
| Operating profit | $174M | +22% | +15% |
| Net earnings | $101M | +71% | +46% |
| Operating cash flow | $183M | -19% | +29% |
| Free cash flow | $72.0M | -40% | — |
What changed
Revenue was $2.1B in Q1 2026, up 7% year over year and up 4% from the previous quarter.
Operating profit was $0.17B, a 8.3% margin (up 0.6 points year over year). Of the extra revenue versus Q1 2025, 16% reached operating profit, above the 8% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were $0.10B, up 46% year over year. The effective tax rate was 18.5%.
Operating cash flow was $0.18B (up 29% year over year), 181% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.11B left free cash flow of $0.07B.
Questions
What was XPO's revenue in the first quarter 2026?
XPO (XPO) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +4% from the quarter before.
Was XPO profitable in the first quarter 2026?
Operating profit was $174M (8.3% of revenue) and net earnings $101M.
Source: XPO 10-Q on SEC EDGAR.