Income Statement GXO Logistics, Inc.

Equities

GXO

US36262G1013

Air Freight & Logistics

Market Closed - Nyse Other stock markets 04:00:02 2026-05-18 pm EDT			5-day change	1st Jan Change
47.14 ^USD	-2.16%		-7.24%	-10.45%

May. 06	GXO Logistics, Inc., Q1 2026 Earnings Call, May 06, 2026
May. 05	GXO Logistics Q1 Adjusted Earnings, Revenue Rise; 2026 EPS Outlook Updated	MT

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Published financial data: GXO LOGISTICS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.94B	8.99B	9.78B	11.71B	13.18B
Total Revenues	7.94B	8.99B	9.78B	11.71B	13.18B
Cost of Goods Sold, Total	6.64B	7.44B	8.04B	9.85B	11.19B
Gross Profit	1.3B	1.55B	1.74B	1.86B	1.99B
Selling General & Admin Expenses, Total	714M	853M	990M	1.04B	1.09B
Depreciation & Amortization - (IS)	335M	329M	361M	415M	457M
Other Operating Expenses, Total	1.05B	1.18B	1.35B	1.46B	1.54B
Operating Income	254M	368M	392M	401M	444M
Interest Expense, Total	-21M	-29M	-96M	-148M	-175M
Interest And Investment Income	-	-	10M	6M	7M
Net Interest Expenses	-21M	-29M	-86M	-142M	-168M
Currency Exchange Gains (Loss)	2M	14M	24M	42M	12M
Other Non Operating Income (Expenses)	21M	4M	2M	7M	-75M
EBT, Excl. Unusual Items	256M	357M	332M	308M	213M
Restructuring Charges	-4M	-24M	-32M	-27M	-27M
Merger & Related Restructuring Charges	-	-46M	-32M	-69M	-48M
Gain (Loss) On Sale Of Investments	-	-8M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-34M
Legal Settlements	-	-	-	-59M	-
Other Unusual Items	-99M	-15M	-2M	-7M	-
EBT, Incl. Unusual Items	153M	264M	266M	146M	104M
Income Tax Expense	-8M	64M	33M	8M	68M
Earnings From Continuing Operations	161M	200M	233M	138M	36M
Net Income to Company	161M	200M	233M	138M	36M
Minority Interest	-8M	-3M	-4M	-4M	-4M
Net Income - (IS)	153M	197M	229M	134M	32M
Net Income to Common Incl Extra Items	153M	197M	229M	134M	32M
Net Income to Common Excl. Extra Items	153M	197M	229M	134M	32M
Per Share Items
Net EPS - Basic	1.33	1.68	1.93	1.12	0.28
Basic EPS - Continuing Operations	1.33	1.68	1.93	1.12	0.28
Basic Weighted Average Shares Outstanding	115M	117M	119M	119M	116M
Net EPS - Diluted	1.32	1.67	1.92	1.12	0.28
Diluted EPS - Continuing Operations	1.32	1.67	1.92	1.12	0.28
Diluted Weighted Average Shares Outstanding	116M	118M	119M	120M	116M
Normalized Basic EPS	1.33	1.88	1.71	1.58	1.12
Normalized Diluted EPS	1.31	1.87	1.7	1.57	1.11
Supplemental Items
EBITDA	589M	697M	753M	813M	901M
EBITA	315M	436M	463M	506M	563M
EBIT	254M	368M	392M	401M	444M
EBITDAR	1.4B	1.62B	1.86B	2B	2.22B
Effective Tax Rate - (Ratio)	-5.23	24.24	12.41	5.48	65.38
Current Domestic Taxes	14M	42M	31M	-2M	8M
Current Foreign Taxes	26M	29M	43M	48M	89M
Total Current Taxes	40M	71M	74M	46M	97M
Deferred Domestic Taxes	-25M	-12M	-5M	-13M	-10M
Deferred Foreign Taxes	-23M	5M	-36M	-25M	-19M
Total Deferred Taxes	-48M	-7M	-41M	-38M	-29M
Normalized Net Income	152M	220M	204M	188M	129M
Interest on Long-Term Debt	6M	5M	5M	10M	18M
Non-Cash Pension Expense	-19M	-33M	-8M	-21M	-19M
Supplemental Operating Expense Items
Net Rental Expense, Total	812M	921M	1.1B	1.18B	1.32B
Imputed Operating Lease Interest Expense	55.27M	60.84M	204M	303M	335M
Imputed Operating Lease Depreciation	757M	860M	901M	882M	983M
Stock-Based Comp., SG&A Exp. (Total)	28M	33M	35M	39M	47M
Total Stock-Based Compensation	28M	33M	35M	39M	47M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	333M	495M	468M	413M	854M
Trading Asset Securities, Total	-	-	2M	-	-
Total Cash And Short Term Investments	333M	495M	470M	413M	854M
Accounts Receivable, Total	1.51B	1.65B	1.77B	1.84B	2.06B
Total Receivables	1.51B	1.65B	1.77B	1.84B	2.06B
Other Current Assets, Total	259M	286M	324M	392M	370M
Total Current Assets	2.1B	2.43B	2.57B	2.64B	3.29B
Gross Property Plant And Equipment	3.76B	4.48B	4.7B	5.22B	5.84B
Accumulated Depreciation	-1.13B	-1.3B	-1.54B	-1.73B	-2.13B
Net Property Plant And Equipment	2.64B	3.19B	3.15B	3.49B	3.71B
Long-term Investments	-	9M	3M	3M	-
Goodwill	2.02B	2.73B	2.89B	3.55B	3.78B
Other Intangibles, Total	257M	570M	567M	986M	909M
Accounts Receivable Long-Term	-	-	160M	196M	235M
Deferred Tax Assets Long-Term	48M	43M	74M	89M	128M
Other Long-Term Assets, Total	215M	254M	90M	313M	207M
Total Assets	7.27B	9.22B	9.51B	11.27B	12.26B
Liabilities
Accounts Payable, Total	624M	717M	709M	776M	758M
Accrued Expenses, Total	998M	995M	966M	1.27B	1.49B
Current Portion of Long-Term Debt	-	32M	1M	71M	401M
Current Portion of Leases	487M	595M	623M	686M	790M
Unearned Revenue Current, Total	-	-	210M	272M	279M
Other Current Liabilities	220M	193M	117M	113M	155M
Total Current Liabilities	2.33B	2.53B	2.63B	3.19B	3.88B
Long-Term Debt	794M	1.64B	1.53B	2.28B	2.34B
Long-Term Leases	1.52B	1.95B	1.93B	2.14B	2.32B
Unearned Revenue Non Current	-	-	115M	128M	101M
Deferred Tax Liability Non Current	71M	160M	141M	256M	224M
Other Non Current Liabilities	163M	257M	217M	239M	384M
Total Liabilities	4.88B	6.54B	6.56B	8.23B	9.25B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	2.35B	2.58B	2.6B	2.63B	2.67B
Retained Earnings	126M	323M	552M	686M	718M
Treasury Stock	-	-	-	-	-202M
Comprehensive Income and Other	-130M	-254M	-239M	-313M	-201M
Total Common Equity	2.35B	2.64B	2.91B	3B	2.98B
Minority Interest	39M	33M	34M	32M	32M
Total Equity	2.39B	2.68B	2.95B	3.04B	3.02B
Total Liabilities And Equity	7.27B	9.22B	9.51B	11.27B	12.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	115M	119M	119M	120M	115M
ECS Total Common Shares Outstanding	115M	119M	119M	119M	115M
Book Value / Share	20.5	22.28	24.46	25.13	26.05
Tangible Book Value	77M	-653M	-546M	-1.53B	-1.71B
Tangible Book Value Per Share	0.67	-5.5	-4.59	-12.82	-14.91
Total Debt	2.8B	4.22B	4.09B	5.18B	5.85B
Net Debt	2.47B	3.72B	3.62B	4.76B	5B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-60M	-38M	-53M	-153M	-160M
Debt Equivalent Oper. Leases	6.5B	7.37B	8.84B	9.48B	10.54B
Minority Interest, Total (Incl. Fin. Div)	39M	33M	34M	32M	32M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	7M	-	440M	515M	589M
Buildings, Total	326M	364M	-	-	-
Machinery, Total	1.44B	1.67B	1.82B	1.98B	2.25B
Full Time Employees	75K	89K	87K	105K	105K
Accumulated Allowance for Doubtful Accounts (Supple)	13M	12M	11M	15M	15M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	153M	197M	229M	134M	32M
Depreciation & Amortization - CF	274M	261M	290M	307M	338M
Amortization of Goodwill and Intangible Assets - (CF)	61M	68M	71M	105M	119M
Depreciation & Amortization, Total	335M	329M	361M	412M	457M
Amortization of Deferred Charges, Total - (CF)	-	-	-	3M	-
Asset Writedown & Restructuring Costs	-	-	-	-	25M
Stock-Based Compensation (CF)	28M	33M	35M	39M	47M
Other Operating Activities, Total	-64M	-21M	-14M	-33M	-15M
Change In Accounts Receivable	-243M	-71M	-17M	118M	-88M
Change In Accounts Payable	114M	45M	-3M	23M	-61M
Change in Other Net Operating Assets	132M	30M	-33M	-147M	37M
Cash from Operations	455M	542M	558M	549M	434M
Capital Expenditure	-250M	-342M	-274M	-359M	-324M
Sale of Property, Plant, and Equipment	11M	40M	18M	61M	149M
Cash Acquisitions	32M	-876M	-149M	-863M	-
Other Investing Activities, Total	-	29M	-5M	4M	-21M
Cash from Investing	-207M	-1.15B	-410M	-1.16B	-196M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	794M	917M	-	1.09B	577M
Total Debt Issued	794M	917M	-	1.09B	577M
Short Term Debt Repaid, Total	-26M	-	-	-	-
Long-Term Debt Repaid, Total	-72M	-115M	-169M	-453M	-255M
Total Debt Repaid	-98M	-115M	-169M	-453M	-255M
Repurchase of Common Stock	-	-16M	-12M	-8M	-209M
Other Financing Activities, Total	-937M	1M	-5M	7M	-2M
Cash from Financing	-241M	787M	-186M	636M	111M
Foreign Exchange Rate Adjustments	-2M	-18M	13M	-13M	23M
Net Change in Cash	5M	162M	-25M	15M	372M
Supplemental Items
Cash Interest Paid	22M	-	-	-	-
Cash Income Tax Paid (Refund)	75M	111M	84M	43M	59M
Levered Free Cash Flow	522M	128M	239M	553M	394M
Unlevered Free Cash Flow	535M	146M	299M	646M	504M
Change In Net Working Capital	-263M	104M	68M	-300M	-46M
Net Debt Issued / Repaid	696M	802M	-169M	637M	322M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.3	2.79	2.62	2.41	2.36
Return on Total Capital	3.09	3.8	3.52	3.29	3.25
Return On Equity %	6.03	7.89	8.29	4.61	1.19
Return on Common Equity	5.91	7.89	8.24	4.53	1.07
Margin Analysis
Gross Profit Margin %	16.41	17.24	17.83	15.85	15.09
SG&A Margin	8.99	9.49	10.12	8.88	8.25
EBITDA Margin %	7.42	7.75	7.7	6.94	6.84
EBITA Margin %	3.97	4.85	4.74	4.32	4.27
EBIT Margin %	3.2	4.09	4.01	3.42	3.37
Income From Continuing Operations Margin %	2.03	2.22	2.38	1.18	0.27
Net Income Margin %	1.93	2.19	2.34	1.14	0.24
Net Avail. For Common Margin %	1.93	2.19	2.34	1.14	0.24
Normalized Net Income Margin	1.91	2.45	2.08	1.61	0.98
Levered Free Cash Flow Margin	6.57	1.42	2.44	4.72	2.99
Unlevered Free Cash Flow Margin	6.73	1.62	3.06	5.51	3.82
Asset Turnover
Asset Turnover	1.15	1.09	1.04	1.13	1.12
Fixed Assets Turnover	3.28	3.09	3.08	3.53	3.66
Receivables Turnover (Average Receivables)	5.6	5.7	5.67	6.49	6.76
Short Term Liquidity
Current Ratio	0.9	0.96	0.98	0.83	0.85
Quick Ratio	0.79	0.85	0.85	0.71	0.75
Operating Cash Flow to Current Liabilities	0.2	0.21	0.21	0.17	0.11
Days Sales Outstanding (Average Receivables)	65.18	64.01	64.32	56.42	54.01
Average Days Payable Outstanding	28.57	32.88	32.39	27.58	25.02
Long Term Solvency
Total Debt/Equity	117.36	157.54	138.7	170.54	194.16
Total Debt / Total Capital	53.99	61.17	58.11	63.04	66.01
LT Debt/Equity	96.99	134.13	117.52	145.6	154.66
Long-Term Debt / Total Capital	44.62	52.08	49.23	53.82	52.58
Total Liabilities / Total Assets	67.13	70.95	69.01	73.06	75.41
EBIT / Interest Expense	12.1	12.69	4.08	2.71	2.54
EBITDA / Interest Expense	66.71	55.79	19.35	13.5	12.68
(EBITDA - Capex) / Interest Expense	54.81	44	16.5	11.07	10.83
Total Debt / EBITDA	2	2.61	2.2	2.59	2.64
Net Debt / EBITDA	1.76	2.3	1.95	2.38	2.25
Total Debt / (EBITDA - Capex)	2.44	3.31	2.58	3.16	3.09
Net Debt / (EBITDA - Capex)	2.15	2.92	2.28	2.91	2.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	28.17	13.26	8.73	19.75	12.55
Gross Profit, 1 Yr. Growth %	27	18.96	12.45	6.48	7.11
EBITDA, 1 Yr. Growth %	41.93	14.64	8.03	7.97	10.42
EBITA, 1 Yr. Growth %	105.88	30.54	6.19	9.29	10.61
EBIT, 1 Yr. Growth %	176.09	34.8	6.52	2.3	10.72
Earnings From Cont. Operations, 1 Yr. Growth %	-831.82	24.22	16.5	-40.77	-73.91
Net Income, 1 Yr. Growth %	-593.55	28.76	16.24	-41.48	-76.12
Normalized Net Income, 1 Yr. Growth %	337.41	44.82	-7.55	-7.37	-29.87
Diluted EPS Before Extra, 1 Yr. Growth %	-588.09	26.52	14.97	-41.67	-75.3
Accounts Receivable, 1 Yr. Growth %	13.39	9.29	6.1	3.49	12.42
Net Property, Plant and Equip., 1 Yr. Growth %	19.56	20.95	-1.04	10.62	6.45
Total Assets, 1 Yr. Growth %	11.04	26.79	3.12	18.5	8.84
Tangible Book Value, 1 Yr. Growth %	-83.3	-948.05	-16.39	180.59	11.42
Common Equity, 1 Yr. Growth %	-16.72	12.51	10.09	3.12	-0.67
Cash From Operations, 1 Yr. Growth %	36.64	19.12	2.95	-1.61	-20.95
Capital Expenditures, 1 Yr. Growth %	12.61	36.8	-19.88	31.02	-9.75
Levered Free Cash Flow, 1 Yr. Growth %	239.82	-76.03	119.01	131.43	-28.75
Unlevered Free Cash Flow, 1 Yr. Growth %	217.36	-73.29	104.79	115.93	-22.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.15	20.48	10.97	14.11	16.09
Gross Profit, 2 Yr. CAGR %	15.19	22.91	15.66	9.43	6.8
EBITDA, 2 Yr. CAGR %	12.18	29.6	13.07	8	9.97
EBITA, 2 Yr. CAGR %	16.77	68.81	21.24	7.73	11.24
EBIT, 2 Yr. CAGR %	23.7	100	24.23	4.39	7.53
Earnings From Cont. Operations, 2 Yr. CAGR %	40.98	201.51	20.3	-16.93	-60.69
Net Income, 2 Yr. CAGR %	59.69	152.09	22.34	-17.53	-62.62
Normalized Net Income, 2 Yr. CAGR %	55.64	151.68	15.71	-7.46	-15.83
Diluted EPS Before Extra, 2 Yr. CAGR %	59.33	148.5	20.6	-18.11	-62.04
Accounts Receivable, 2 Yr. CAGR %	15.28	11.32	8.5	4.79	7.86
Net Property, Plant and Equip., 2 Yr. CAGR %	9.44	20.25	9.41	4.63	8.52
Total Assets, 2 Yr. CAGR %	8.72	18.66	14.35	10.55	13.57
Tangible Book Value, 2 Yr. CAGR %	-43.36	19.02	166.29	53.17	76.82
Common Equity, 2 Yr. CAGR %	-4.3	-3.2	11.29	6.55	1.21
Cash From Operations, 2 Yr. CAGR %	77.14	27.58	10.74	0.64	-11.81
Capital Expenditures, 2 Yr. CAGR %	6.12	24.12	4.69	2.46	8.74
Levered Free Cash Flow, 2 Yr. CAGR %	-	-8.73	-32.31	107.98	22.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-6.92	-25.22	110.29	30.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.39	13.85	16.43	13.82	13.58
Gross Profit, 3 Yr. CAGR %	11.18	16.43	19.32	12.52	8.65
EBITDA, 3 Yr. CAGR %	11.93	14.2	21.97	11.34	8.93
EBITA, 3 Yr. CAGR %	11.05	23.58	44.64	17.12	8.89
EBIT, 3 Yr. CAGR %	16.9	30.39	62.12	16.44	6.46
Earnings From Cont. Operations, 3 Yr. CAGR %	21.39	35.16	119.61	-5.01	-43.54
Net Income, 3 Yr. CAGR %	29.78	48.63	94.76	-4.32	-45.44
Normalized Net Income, 3 Yr. CAGR %	30.27	51.94	80.25	7.44	-16.29
Diluted EPS Before Extra, 3 Yr. CAGR %	-	47.54	92.19	-5.33	-45.08
Accounts Receivable, 3 Yr. CAGR %	-	13.25	10.11	6.8	7.27
Net Property, Plant and Equip., 3 Yr. CAGR %	-	13.15	12.69	9.81	5.23
Total Assets, 3 Yr. CAGR %	-	14.44	13.23	15.72	9.97
Tangible Book Value, 3 Yr. CAGR %	-	39.6	5.8	170.97	37.75
Common Equity, 3 Yr. CAGR %	-	1	1.04	8.5	4.09
Cash From Operations, 3 Yr. CAGR %	10.74	55.19	18.78	6.46	-7.14
Capital Expenditures, 3 Yr. CAGR %	-2.53	15.49	7.27	12.82	-1.79
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	15.9	1.97	45.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	21.07	6.48	51.08
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	10.02	13.95	16.3
Gross Profit, 5 Yr. CAGR %	-	-	12.95	13.58	14.14
EBITDA, 5 Yr. CAGR %	-	-	12.39	11.68	16.77
EBITA, 5 Yr. CAGR %	-	-	15.02	16.98	29.77
EBIT, 5 Yr. CAGR %	-	-	19.78	19.29	37
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	20.95	11.24	10.35
Net Income, 5 Yr. CAGR %	-	-	26.75	17.43	0.64
Normalized Net Income, 5 Yr. CAGR %	-	-	24.24	24.61	30.02
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	16.59	0.45
Accounts Receivable, 5 Yr. CAGR %	-	-	-	10.12	9.2
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	9.66	11
Total Assets, 5 Yr. CAGR %	-	-	-	12.87	13.37
Tangible Book Value, 5 Yr. CAGR %	-	-	-	44.88	29.93
Common Equity, 5 Yr. CAGR %	-	-	-	3.19	1.11
Cash From Operations, 5 Yr. CAGR %	-	-	10.74	30.51	5.44
Capital Expenditures, 5 Yr. CAGR %	-	-	0.29	10.09	7.85
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	20.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	24.47