Filing Flows › XPO (XPO) › Q2 2025
XPO (XPO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
XPO (XPO) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), 0% from a year earlier and +6% from the quarter before. Operating margin was 9.5%, net earnings $106M (5.1% of revenue).
XPO, Q2 2025: revenue $2.1B (0% year over year), operating margin 9.5%, net earnings $106M, operating cash flow $247M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +6% | 0% |
| Operating profit | $198M | +31% | +0.5% |
| Net earnings | $106M | +54% | -29% |
| Operating cash flow | $247M | +74% | +18% |
| Free cash flow | $51.0M | — | +155% |
What changed
Revenue was $2.1B in Q2 2025, roughly flat year over year and up 6% from the previous quarter.
Operating profit was $0.20B, a 9.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 9% margin then. Total costs grew 0% against flat revenue. Net earnings were $0.11B, down 29% year over year. The effective tax rate was 25.9%.
Operating cash flow was $0.25B (up 18% year over year), 233% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.20B left free cash flow of $0.05B.
Questions
What was XPO's revenue in the second quarter 2025?
XPO (XPO) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), 0% from a year earlier and +6% from the quarter before.
Was XPO profitable in the second quarter 2025?
Operating profit was $198M (9.5% of revenue) and net earnings $106M.
Source: XPO 10-Q on SEC EDGAR.