Filing Flows › XPO (XPO) › Q3 2026 › vs Q3 2025
XPO (XPO) Q3 2026 vs Q3 2025 (year over year)
XPO's revenue rose $262M (+12%) from $2.1B in Q3 2025 to $2.4B in Q3 2026. Operating margin 12.1% against 7.8% (+4.4 pts).
XPO, Q3 2026: revenue $2.4B (+12% year over year), operating margin 12.1%, net earnings $181M, operating cash flow $415M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 12.1% | 7.8% | +4.4 pts |
| Net margin | 7.6% | 3.9% | +3.7 pts |
| Free cash flow margin | 12.0% | 10.2% | +1.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.4B | $2.1B | $262M | +12% |
| Operating profit | $288M | $164M | $124M | +76% |
| Costs & expenses | $2.1B | $1.9B | $138M | +7% |
| Pre-tax earnings | $241M | $112M | $129M | +115% |
| Other expense, net | $47.0M | $52.0M | −$5.0M | -10% |
| Net earnings | $181M | $82.0M | $99.0M | +121% |
| Income tax | $60.0M | $30.0M | $30.0M | +100% |
| Depreciation & amortization | $134M | $134M | $0 | 0% |
| Share-based compensation | $15.0M | $15.0M | $0 | 0% |
| Working capital & other | $85.0M | $140M | −$55.0M | -39% |
| Operating cash flow | $415M | $371M | $44.0M | +12% |
| Free cash flow (OCF − capex) | $284M | $215M | $69.0M | +32% |
| Capital expenditures | $131M | $156M | −$25.0M | -16% |
Questions
How much did XPO's revenue grow year over year in Q3 2026?
XPO's revenue rose $262M (+12%) from $2.1B in Q3 2025 to $2.4B in Q3 2026. Operating margin 12.1% against 7.8% (+4.4 pts).