10-K · February 25, 2026
GXO Logistics, a leading contract logistics provider, reported a revenue of $13.18 billion for FY 2025, representing a 13% increase from 2024, aided by the Wincanton acquisition and favorable foreign exchange impacts.…
Earnings analysis · 10-Q
GXO earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
GXO Logistics, Inc. reported strong revenue growth of 11% year-over-year in Q1 2026, totaling $3.3 billion, supported by a solid EPS of $0.50, exceeding estimates. However, the company continues to face challenges with…
Read full summary
GXO Logistics, Inc. reported strong revenue growth of 11% year-over-year in Q1 2026, totaling $3.3 billion, supported by a solid EPS of $0.50, exceeding estimates. However, the company continues to face challenges with cash flow and high debt levels, despite increasing its EBITDA and EPS guidance for the year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.5
What stood out
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Revenue Growth of 11% YoY
Revenue increased by $321 million to $3.3 billion compared to $2.977 billion in Q1 2025.
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EPS Exceeds Consensus
Diluted EPS for Q1 2026 was reported at $0.50, beating the estimate of $0.37.
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Improved EBITDA Guidance
Management increased adjusted EBITDA guidance for 2026 to a range of $935 million to $975 million, up from previous estimates.
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Lower Direct Operating Expense Percentage
Direct operating expenses as a percentage of revenue decreased to 85.1% from 85.9% year-over-year.
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Cash Position Maintained
GXO held cash and cash equivalents of $794 million as of March 31, 2026.
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Positive Cash Flow from Operations
Net cash provided by operating activities increased to $31 million from $29 million in the prior year.
What to watch
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High Debt Levels Persist
Total liabilities increased slightly to $9.191 billion from $9.247 billion compared to the previous quarter.
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Ongoing Cash Flow Challenges
Net cash used in financing activities amounted to $26 million compared to $66 million in Q1 2025.
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Competition and Pricing Pressures
Enhanced competitive landscape may impact margins, particularly as expansion efforts continue.
Management's outlook
Management anticipates adjusted EPS for 2026 to be in the range of $2.90 to $3.20, reflecting improved operational efficiencies.
Earlier filings 4
10-Q · November 6, 2025
GXO Logistics reported strong Q3 2025 results with revenue of $3.4 billion, a notable 8% increase year-over-year, driven by operational growth and favorable foreign currency movements. EPS stood at $0.79, slightly…
10-Q · August 6, 2025
GXO Logistics, Inc. reported a strong Q2 2025 with revenues increasing 16% year-over-year to $3.3 billion, driven by both organic growth and contributions from the Wincanton acquisition. However, net income declined 28%…
10-Q · May 8, 2025
GXO Logistics, Inc. reported strong revenue growth of 21% year-over-year, driven significantly by the Wincanton Acquisition, despite operating losses increasing. The company also posted a positive EPS surprise with a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.