XPO Q3 Revenue Rises 12.4% to $2.37 Billion as Net Income Reaches $181 Million and Adjusted EPS Jumps 58.9%
XPO announced third-quarter 2026 results on October 29 in Greenwich, Connecticut. Revenue was $2.373 billion, up 12.4% year over year. Net income rose 120.7% to $181 million, and diluted earnings per share rose 125% to $1.53.
On a non-GAAP basis, adjusted net income was $200 million and adjusted diluted EPS was $1.70, up 58.9%. Adjusted EBITDA rose 26.6% to $433 million, and operating income rose 75.6% to $288 million. XPO generated $415 million in operating cash flow in the quarter and ended it with $260 million in cash, after $123 million of net capital expenditures, $150 million of share repurchases and $100 million of term loan repayments.
By segment, North American less-than-truckload revenue grew 17.4% to $1.473 billion, with operating income of $284 million; yield excluding fuel rose 3.6%, shipments per day rose 5.8% and tonnage per day rose 5.0%, while the adjusted operating ratio improved 260 basis points year over year. European Transportation revenue rose 5.0% to $900 million and swung to operating income of $12 million.
Chairman and CEO Mario Harik said the company delivered another quarter of outstanding performance, accelerating adjusted EBITDA growth to 27% and adjusted diluted EPS growth to 59% year over year, improving revenue quality with higher-margin freight, keeping its damage claims ratio below 0.2%, and expanding technology use across its network. He said XPO is accelerating free cash flow and capital returns to shareholders.
Source: GSM · USA (original Chinese edition)
Photo: 图：一辆 XPO 零担货运牵引挂车，XPO 是北美主要零担运输公司。照片：Fkbowen 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / An XPO tractor-trailer; XPO is a leading North American less-than-truckload carrier. Photo: Fkbowen, CC BY-SA 4.0, via Wikimedia Commons.
