Filing Flows › XPO (XPO) › Q4 2025
XPO (XPO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
XPO (XPO) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -5% from the quarter before. Operating margin was 7.1%, net earnings $59.0M (2.9% of revenue).
XPO, Q4 2025: revenue $2.0B (+5% year over year), operating margin 7.1%, net earnings $59.0M, operating cash flow $226M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -5% | +5% |
| Operating profit | $143M | -13% | -4% |
| Net earnings | $59.0M | -28% | -21% |
| Operating cash flow | $226M | -39% | +20% |
| Free cash flow | $120M | -44% | +422% |
What changed
Revenue was $2.0B in Q4 2025, up 5% year over year and down 5% from the previous quarter.
Operating profit was $0.14B, a 7.1% margin (down 0.6 points year over year). Operating profit fell $0.01B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 5%. Net earnings were $0.06B, down 21% year over year. The effective tax rate was 35.2%.
Operating cash flow was $0.23B (up 20% year over year), 383% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.11B left free cash flow of $0.12B.
Questions
What was XPO's revenue in the fourth quarter 2025?
XPO (XPO) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -5% from the quarter before.
Was XPO profitable in the fourth quarter 2025?
Operating profit was $143M (7.1% of revenue) and net earnings $59.0M.
Source: XPO 10-K on SEC EDGAR.