Filing Flows › XPO (XPO) › Q3 2025
XPO (XPO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
XPO (XPO) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before. Operating margin was 7.8%, net earnings $82.0M (3.9% of revenue).
XPO, Q3 2025: revenue $2.1B (+3% year over year), operating margin 7.8%, net earnings $82.0M, operating cash flow $371M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +1% | +3% |
| Operating profit | $164M | -17% | -7% |
| Net earnings | $82.0M | -23% | -14% |
| Operating cash flow | $371M | +50% | +41% |
| Free cash flow | $215M | +322% | +57% |
What changed
Revenue was $2.1B in Q3 2025, up 3% year over year and up 1% from the previous quarter.
Operating profit was $0.16B, a 7.8% margin (down 0.8 points year over year). Operating profit fell $0.01B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 3%. Net earnings were $0.08B, down 14% year over year. The effective tax rate was 26.8%.
Operating cash flow was $0.37B (up 41% year over year), 452% 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 added $0.14B. Capital expenditures of $0.16B left free cash flow of $0.21B.
Questions
What was XPO's revenue in the third quarter 2025?
XPO (XPO) reported revenue of $2.1B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before.
Was XPO profitable in the third quarter 2025?
Operating profit was $164M (7.8% of revenue) and net earnings $82.0M.
Source: XPO 10-Q on SEC EDGAR.