Filing Flows › XPO (XPO) › Q2 2026 › vs Q2 2025
XPO (XPO) Q2 2026 vs Q2 2025 (year over year)
XPO's revenue rose $275M (+13%) from $2.1B in Q2 2025 to $2.4B in Q2 2026. Operating margin 11.5% against 9.5% (+2.0 pts).
XPO, Q2 2026: revenue $2.4B (+13% year over year), operating margin 11.5%, net earnings $162M, operating cash flow $308M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.5% | 9.5% | +2.0 pts |
| Net margin | 6.9% | 5.1% | +1.8 pts |
| Free cash flow margin | 7.7% | 2.5% | +5.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.4B | $2.1B | $275M | +13% |
| Operating profit | $271M | $198M | $73.0M | +37% |
| Costs & expenses | $2.1B | $1.9B | $202M | +11% |
| Pre-tax earnings | $218M | $143M | $75.0M | +52% |
| Other expense, net | $53.0M | $55.0M | −$2.0M | -4% |
| Net earnings | $162M | $106M | $56.0M | +53% |
| Income tax | $56.0M | $37.0M | $19.0M | +51% |
| Depreciation & amortization | $134M | $131M | $3.0M | +2% |
| Share-based compensation | $17.0M | $16.0M | $1.0M | +6% |
| Working capital & other | $5.0M | $6.0M | −$1.0M | -17% |
| Operating cash flow | $308M | $247M | $61.0M | +25% |
| Free cash flow (OCF − capex) | $181M | $51.0M | $130M | +255% |
| Capital expenditures | $127M | $196M | −$69.0M | -35% |
Questions
How much did XPO's revenue grow year over year in Q2 2026?
XPO's revenue rose $275M (+13%) from $2.1B in Q2 2025 to $2.4B in Q2 2026. Operating margin 11.5% against 9.5% (+2.0 pts).