XPO, Inc.

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 31, 2025

XPO$188.21+0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions, except per share data)	2025	2024	2025	2024
Revenue	$2,080	$2,079	$4,034	$4,097
Salaries, wages and employee benefits	871	854	1,703	1,688
Purchased transportation	426	436	826	874
Fuel, operating expenses and supplies	384	402	777	814
Operating taxes and licenses	21	21	40	40
Insurance and claims	40	33	75	71
Gains on sales of property and equipment	(1)	(4)	(3)	(5)
Depreciation and amortization expense	131	122	254	239
Legal matter	(2)	—	(13)	—
Transaction and integration costs	3	12	6	26
Restructuring costs	8	6	20	14
Operating income	198	197	349	335
Other income	(2)	(6)	(3)	(16)
Debt extinguishment loss	—	—	5	—
Interest expense	56	56	112	114
Income before income tax provision (benefit)	143	147	234	237
Income tax provision (benefit)	37	(3)	59	20
Net income	$106	$150	$175	$217
Earnings per share data
Basic earnings per share	$0.90	$1.29	$1.49	$1.87
Diluted earnings per share	$0.89	$1.25	$1.47	$1.81
Weighted-average common shares outstanding
Basic weighted-average common shares outstanding	118	116	118	116
Diluted weighted-average common shares outstanding	119	120	119	120

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.