Filing Flows › XPO (XPO) › Q2 2026
XPO (XPO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
XPO (XPO) reported revenue of $2.4B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +12% from the quarter before. Operating margin was 11.5%, net earnings $162M (6.9% of revenue).
XPO, Q2 2026: revenue $2.4B (+13% year over year), operating margin 11.5%, net earnings $162M, operating cash flow $308M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +12% | +13% |
| Operating profit | $271M | +56% | +37% |
| Net earnings | $162M | +60% | +53% |
| Operating cash flow | $308M | +68% | +25% |
| Free cash flow | $181M | +151% | +255% |
What changed
Revenue was $2.4B in Q2 2026, up 13% year over year and up 12% from the previous quarter.
Operating profit was $0.27B, a 11.5% margin (up 2.0 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, above the 10% margin then. Total costs grew 11% against revenue growth of 13%. Net earnings were $0.16B, up 53% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.31B (up 25% year over year), 190% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.13B left free cash flow of $0.18B.
Questions
What was XPO's revenue in the second quarter 2026?
XPO (XPO) reported revenue of $2.4B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +12% from the quarter before.
Was XPO profitable in the second quarter 2026?
Operating profit was $271M (11.5% of revenue) and net earnings $162M.
Source: XPO 10-Q on SEC EDGAR.