XPO, Inc. Reports 13.2% Revenue Growth to $2.355 Billion in Q2 2026

XPO, Inc. reported a significant increase in financial performance for the second quarter of 2026, with consolidated revenue reaching $2.355 billion, a 13.2% increase from $2.080 billion in the same quarter of 2025. For the first half of 2026, revenue totaled $4.451 billion, up 10.3% from $4.034 billion year-over-year. The company attributed this growth to higher revenue in both its North American Less-Than-Truckload (LTL) and European Transportation segments, as well as increased fuel surcharge revenue. Net income for the second quarter was $162 million, compared to $106 million in the prior year, resulting in basic earnings per share of $1.38, up from $0.90.

In terms of operational metrics, XPO's North American LTL segment saw revenue increase by 15.2% to $1.428 billion in the second quarter, while the European Transportation segment reported a 10.2% rise to $927 million. The company also noted improvements in key performance indicators, including a 2.8% increase in shipments per day and a 4.4% rise in gross revenue per hundredweight, excluding fuel surcharges. The total employee count stood at approximately 38,000, serving around 55,000 customers across 586 locations in 17 countries.

Strategically, XPO has been active in restructuring and optimizing its operations, particularly in its European Transportation segment, which has incurred restructuring costs of $22 million in the second quarter of 2026, compared to $8 million in the same period last year. The company has also engaged in share repurchase activities, buying back 341,000 shares for $70 million in the second quarter, with a remaining authorization of $525 million for future repurchases.

The company’s balance sheet reflects total assets of $8.333 billion as of June 30, 2026, up from $8.194 billion at the end of 2025. Total liabilities decreased to $6.371 billion from $6.333 billion, while stockholders' equity increased to $1.962 billion from $1.861 billion. XPO's liquidity position remains strong, with $298 million in cash and cash equivalents and approximately $600 million available under its revolving credit facility, providing a solid foundation for future growth initiatives.

Looking ahead, XPO anticipates continued growth driven by its proprietary technology and operational efficiencies. The company is focused on leveraging its AI-driven capabilities to enhance service quality and profitability, particularly as market conditions improve. The ongoing restructuring efforts are expected to optimize resource allocation and improve overall efficiency, positioning XPO favorably in the competitive freight transportation landscape.