{"id":902642,"date":"2025-10-30T07:26:39","date_gmt":"2025-10-30T11:26:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/xpo-reports-third-quarter-2025-results\/"},"modified":"2025-10-30T07:26:39","modified_gmt":"2025-10-30T11:26:39","slug":"xpo-reports-third-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xpo-reports-third-quarter-2025-results\/","title":{"rendered":"XPO Reports Third Quarter 2025 Results"},"content":{"rendered":"
\n

GREENWICH, Conn., Oct. 30, 2025 (GLOBE NEWSWIRE) — XPO<\/a> (NYSE: XPO<\/a>) today announced its financial results for the third quarter 2025. The company reported diluted earnings per share of $0.68, compared with $0.79 for the same period in 2024, and adjusted diluted earnings per share of $1.07, compared with $1.02 for the same period in 2024.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Third Quarter 2025 Summary Results<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended September 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Revenue<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Operating Income (Loss)<\/strong>
\n
\n (1)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\n (in millions)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\nChange %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange %<\/td>\n<\/tr>\n
North American Less-Than-Truckload Segment<\/td>\n\u00a0<\/td>\n$<\/td>\n1,255<\/td>\n\u00a0<\/td>\n$<\/td>\n1,251<\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n188<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.6<\/td>\n%<\/td>\n<\/tr>\n
European Transportation Segment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n857<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n803<\/td>\n\u00a0<\/td>\n6.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n<\/tr>\n
Corporate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(42<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18<\/td>\n)<\/td>\n\u00a0<\/td>\n133.3<\/td>\n%<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n$<\/td>\n2,111<\/td>\n\u00a0<\/td>\n$<\/td>\n2,053<\/td>\n\u00a0<\/td>\n2.8<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n164<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-6.8<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Adjusted Operating Income<\/strong>
\n
\n (2)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Adjusted EBITDA<\/strong>
\n
\n (2)(3)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\n (in millions)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\nChange %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange %<\/td>\n<\/tr>\n
North American Less-Than-Truckload Segment<\/td>\n\u00a0<\/td>\n$<\/td>\n217<\/td>\n\u00a0<\/td>\n$<\/td>\n198<\/td>\n\u00a0<\/td>\n9.6<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n308<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.5<\/td>\n%<\/td>\n<\/tr>\n
European Transportation Segment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13<\/td>\n\u00a0<\/td>\n-30.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-13.6<\/td>\n%<\/td>\n<\/tr>\n
Corporate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNA<\/td>\n\u00a0<\/td>\nNA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNM<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n$<\/td>\nNA<\/td>\n\u00a0<\/td>\n$<\/td>\nNA<\/td>\n\u00a0<\/td>\nNA<\/td>\n\u00a0<\/td>\n$<\/td>\n342<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n333<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.7<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Net Income<\/strong>
\n
\n (1)(3)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n\n Diluted EPS<\/strong>
\n
\n (1)(3)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\n (in millions, except for per-share data)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\nChange %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange %<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n$<\/td>\n82<\/td>\n\u00a0<\/td>\n$<\/td>\n95<\/td>\n\u00a0<\/td>\n-13.7<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n0.68<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-13.9<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Diluted Weighted-Average Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Adjusted Diluted EPS<\/strong>
\n
\n (2)(3)<\/strong>
\n <\/sup>\n <\/td>\n<\/tr>\n
\n (in millions, except for per-share data)<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nChange %<\/td>\n<\/tr>\n
Total<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n120<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n120<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.9<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amounts may not add due to rounding.<\/td>\n<\/tr>\n
NM – Not meaningful<\/td>\n<\/tr>\n
NA – Not applicable<\/td>\n<\/tr>\n
\n (1)<\/sup>Third quarter 2025 includes a $35 million charge ($27 million after-tax or -$0.23 per share) related to environmental and product liability claims involving a former subsidiary of Con-way, which was sold prior to XPO’s acquisition of Con-way in 2015<\/td>\n<\/tr>\n
\n (2)<\/sup>See the \u201cNon-GAAP Financial Measures\u201d section of the press release<\/td>\n<\/tr>\n
\n (3)<\/sup>Third quarter 2024 includes a $9 million gain ($7 million after-tax or $0.06 per share) on a past investment in a private company that was sold in the quarter<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Mario Harik, chief executive officer of XPO, said, \u201cWe continued to exceed expectations in the third quarter, delivering adjusted EBITDA of $342 million and adjusted diluted EPS of $1.07, both up year-over-year in a soft freight environment.<\/p>\n

\u201cIn North American LTL, we grew adjusted operating income by 10% to $217 million and improved our adjusted operating ratio by 150 basis points to 82.7%, significantly outperforming seasonality. Additionally, we drove meaningful year-over-year and sequential improvements in yield, and our eleventh consecutive quarter of sequential growth in revenue per shipment, excluding fuel. A combination of profitable share gains in the local channel and AI-driven productivity improvements generated strong margin outperformance in the quarter.\u201d<\/p>\n

Harik continued, \u201cOur intense execution is resulting in record service quality and margin expansion at the trough of the cycle. We\u2019re in the early innings of realizing our long-term margin opportunity, and we expect performance to accelerate as our strategy continues to gain traction.\u201d\u00a0<\/p>\n

\n Third Quarter Highlights<\/strong>\n <\/p>\n

For the third quarter 2025, the company generated revenue of $2.11 billion, compared with $2.05 billion for the same period in 2024.\u00a0<\/p>\n

Operating income was $164 million for the third quarter, compared with $176 million for the same period in 2024. Net income was $82 million for the third quarter, compared with $95 million for the same period in 2024. The year-over-year decrease in operating income and net income reflects a $35 million charge in the Corporate segment for a legal matter related to a subsidiary owned by Con-way pre-acquisition. This is reflected in diluted earnings per share of $0.68 for the third quarter, compared with $0.79 for the same period in 2024.<\/p>\n

Adjusted net income, a non-GAAP financial measure, was $128 million for the third quarter, compared with $122 million for the same period in 2024. Adjusted diluted EPS, a non-GAAP financial measure, was $1.07 for the third quarter, compared with $1.02 for the same period in 2024.\u00a0<\/p>\n

Adjusted earnings before interest, taxes, depreciation and amortization (\u201cadjusted EBITDA\u201d), a non-GAAP financial measure, was $342 million for the third quarter, compared with $333 million for the same period in 2024.\u00a0<\/p>\n

The company generated $371 million of cash flow from operating activities in the third quarter and ended the quarter with $335 million of cash and cash equivalents on hand, after $150 million of net capital expenditures. The company repurchased $50 million of common stock and repaid $50 million of term loan financing in the third quarter.\u00a0<\/p>\n

\n Results by Business Segment<\/strong>\n <\/p>\n