Xpo, Inc. (XPO)

NYSE:XPO

XPO

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XPO (XPO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.45

Last Year’s EPS

1.05

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational and financial momentum: record adjusted EBITDA, robust LTL margin expansion, meaningful productivity gains driven by AI tools, service improvements (damage claims below 0.2%), capacity investments, and improving pricing trends. Near-term headwinds include a weaker weight per shipment/revenue-per-shipment start to the year, mixed tonnage trends with April estimated down ~1 point, European and corporate contributions still modest, and exposure to fuel volatility. Management reiterated confidence in outperforming seasonality in Q2, the potential to exceed full-year OR improvement guidance, and multi-year upside driven by pricing, premium services, mix shift and continued productivity—leading to an overall constructive outlook despite some demand and cost uncertainties.

Company Guidance

Management's forward-looking guidance called for Q2 tonnage to be roughly flat year‑over‑year (April estimated ~‑1% YoY), yield ex‑fuel and revenue per shipment ex‑fuel to accelerate sequentially (Q2 yield described as "comfortable in the mid‑single‑digit range"), and continued shipments‑per‑day improvement, with the company expecting to comfortably outperform normal seasonality (historical Q1→Q2 OR improvement of 250–300 bps) and to improve year‑over‑year OR even more in Q2; for the full year they updated an adjusted effective tax rate of 23%–24% (other planning assumptions unchanged), expressed confidence in potentially beating prior full‑year OR improvement guidance of 100–150 bps and driving LTL operating ratio into the 70s over time, reiterated a target to generate "billions" of cumulative free cash flow to accelerate share repurchases and debt paydown, and said productivity should exceed the long‑term 1.5% target (Q1 was +4%, with each point of productivity ≈ $25–30M of EBITDA and Q1 incremental margin ~58%); available liquidity stood at $837M (cash $237M) after Q1 operating cash flow $183M, net capex $104M, $30M buybacks and $30M term‑loan paydown, and net leverage was ~2.3x TTM adjusted EBITDA.

Record Quarterly Profitability

Adjusted EBITDA of $319 million, up 15% year-over-year; adjusted diluted EPS $1.01, up 38% year-over-year; GAAP net income $101 million, up 46% (diluted EPS $0.85).

Strong LTL Operating Performance

North American LTL adjusted operating income rose 20% year-over-year; LTL adjusted EBITDA $290 million, up 16%; LTL adjusted EBITDA margin improved 230 basis points to 23.6%; company adjusted operating ratio (OR) 83.9%, improved 200 basis points year-over-year.

Revenue Growth

Total company revenue $2.1 billion, up 7% year-over-year; LTL revenue $1.2 billion, up 5% (driven by higher yield and fuel surcharge revenue).

Pricing Momentum

Underlying yield up ~4% year-over-year excluding fuel; management expects yield and revenue per shipment (ex fuel) to accelerate sequentially through the year and to be mid-single-digit comfortable in Q2.

Operational Improvements and Productivity

Company productivity improvement of 4% in Q1 (well above the long-term target of 1.5%), driven by AI-driven tools (pickup & delivery route optimization, load-quality tools) and reduced outsourced miles.

Service Metrics and Quality

Damage claims ratio reduced below 0.2% (record low); one of the fastest networks with large 1-day/2-day coverage contributing to market share gains and better commercial outcomes.

Capacity Investments and Fleet Modernization

Average tractor age of 3.9 years (one of the youngest fleets); manufactured >20,000 trailers since the start of the trade-down cycle; more than 30% excess store/door capacity to flex into demand recovery.

Improving Cash & Balance Sheet Metrics

Cash flow from operations $183 million; net CapEx $104 million; ended quarter with $237 million cash after $30 million share repurchase and $30 million term loan paydown; total liquidity $837 million; net leverage 2.3x TTM adjusted EBITDA (down from 2.4x).

European Growth

European transportation revenue up 11% year-over-year (ninth consecutive quarter of constant-currency growth) with adjusted EBITDA growth outperforming seasonality.

Commercial & Customer Wins

Shipments per day increased 3% year-over-year (Jan +1.2%, Feb +3%, Mar +3.8%); accelerated onboarding of local customers with >2,600 new local customers added in Q1; growth in high-margin local channel mid- to high-single digits.

XPO (XPO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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XPO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2026	2026 (Q2)	1.45 / -	1.05	―	―	―
Apr 30, 2026	2026 (Q1)	0.88 / 1.01	0.73	38.36% (+0.28)
Feb 05, 2026	2025 (Q4)	0.76 / 0.88	0.89	-1.12% (-0.01)
Oct 30, 2025	2025 (Q3)	1.02 / 1.07	1.02	4.90% (+0.05)
Jul 31, 2025	2025 (Q2)	0.99 / 1.05	1.12	-6.25% (-0.07)
Apr 30, 2025	2025 (Q1)	0.66 / 0.73	0.81	-9.88% (-0.08)
Feb 06, 2025	2024 (Q4)	0.62 / 0.89	0.77	15.58% (+0.12)
Oct 30, 2024	2024 (Q3)	0.90 / 1.02	0.88	15.91% (+0.14)
Aug 01, 2024	2024 (Q2)	1.01 / 1.12	0.71	57.75% (+0.41)
May 03, 2024	2024 (Q1)	0.67 / 0.81	0.56	44.64% (+0.25)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

XPO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$216.71	$220.13	+1.58%
Feb 05, 2026	$179.54	$185.62	+3.39%
Oct 30, 2025	$124.75	$135.97	+8.99%
Jul 31, 2025	$132.29	$120.29	-9.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.