Revenue: As of FY2026 Q1, the actual value is USD 2.096 B, beating the estimate of USD 2.036 B.EPS: As of FY2026 Q1, the actual value is USD 0.85.EBIT: As of FY2026 Q1, the actual value is USD 227 M.<h3>First Quarter 2026 Summary Results</h3>XPO, Inc. reported a strong start to 2026, with significant year-over-year growth in key financial metrics.<h4>Consolidated Financial Performance</h4><ul><li>Revenue: Total revenue for XPO, Inc. increased by 7.3% to $2.10 billion in Q1 2026, up from $1.95 billion in Q1 2025.</li><li>Operating Income: Operating income grew by 15.2% to $174 million in Q1 2026, compared to $151 million in Q1 2025.</li><li>Net Income: Net income saw a substantial increase of 46.4% to $101 million in Q1 2026, from $69 million in Q1 2025.</li><li>Adjusted Net Income: Adjusted net income was $121 million in Q1 2026, compared to $87 million in Q1 2025.</li><li>Adjusted EBITDA: Adjusted EBITDA increased by 14.7% to $319 million in Q1 2026, up from $278 million in Q1 2025. The adjusted EBITDA margin was 15.2% in Q1 2026, compared to 14.2% in Q1 2025.</li></ul><h4>North American Less-Than-Truckload Segment</h4><ul><li>Revenue: The segment’s revenue grew to $1.23 billion in Q1 2026, from $1.17 billion in Q1 2025. Revenue excluding fuel surcharge revenue was $1,028 million, a 3.4% increase from $994 million in Q1 2025. Fuel surcharge revenue increased by 12.9% to $201 million in Q1 2026, from $178 million in Q1 2025.</li><li>Operating Income: Operating income for this segment increased by 19.6% to $189 million in Q1 2026, compared to $158 million in Q1 2025.</li><li>Adjusted Operating Income: Adjusted operating income rose by 20.0% to $198 million in Q1 2026, from $165 million in Q1 2025.</li><li>Adjusted Operating Ratio: The adjusted operating ratio was 83.9%, reflecting a year-over-year improvement of 200 basis points.</li><li>Adjusted EBITDA: Adjusted EBITDA for the segment was $290 million, a 16.0% increase from $250 million in Q1 2025. The adjusted EBITDA margin was 23.6% in Q1 2026, compared to 21.3% in Q1 2025.</li><li>Operational Metrics:<ul><li>Yield, excluding fuel, increased by 4.0% year-over-year.</li><li>Shipments per day increased by 3.0% to 49,834.</li><li>Tonnage per day increased by 0.1% to 65,510 thousands.</li><li>The damage claims ratio was reduced to less than 0.2%.</li><li>Average weight per shipment was 1,315 pounds, a -2.8% change from 1,352 pounds in Q1 2025.</li><li>Revenue per shipment (including fuel surcharges) was $394.14, a 2.6% increase.</li><li>Revenue per shipment (excluding fuel surcharges) was $329.77, a 1.2% increase.</li><li>Gross revenue per hundredweight (including fuel surcharges) increased by 5.3% to $30.61.</li><li>Revenue per hundredweight (excluding fuel surcharges) increased by 4.0% to $25.71.</li><li>The average length of haul was 852.6 miles.</li><li>The total average load factor was 22,294, a -0.6% change.</li><li>The average age of the tractor fleet was 3.9 years.</li></ul></li></ul><h4>European Transportation Segment</h4><ul><li>Revenue: Revenue for this segment grew by 11.0% to $868 million in Q1 2026, from $782 million in Q1 2025.</li><li>Operating Income (Loss): The segment reported an operating loss of -$6 million in Q1 2026, compared to an income of $1 million in Q1 2025.</li><li>Adjusted Operating Income: Adjusted operating income remained consistent at $6 million in both Q1 2026 and Q1 2025.</li><li>Adjusted EBITDA: Adjusted EBITDA increased by 3.1% to $33 million in Q1 2026, from $32 million in Q1 2025. The adjusted EBITDA margin was 3.8% in Q1 2026, compared to 4.1% in Q1 2025.</li></ul><h4>Corporate Segment</h4><ul><li>Operating Loss: The corporate segment reported an operating loss of -$9 million in Q1 2026, consistent with Q1 2025.</li><li>Adjusted EBITDA: Adjusted EBITDA for the corporate segment was a loss of -$4 million in Q1 2026, also consistent with Q1 2025.</li></ul><h4>Cash Flow</h4><ul><li>Operating Cash Flow: XPO, Inc. generated $183 million of cash flow from operating activities in Q1 2026.</li><li>Capital Expenditures: Net capital expenditures amounted to $104 million.</li><li>Share Repurchases: The company completed $30 million of common stock repurchases.</li><li>Debt Repayments: Term loan repayments totaled $30 million.</li><li>Cash and Cash Equivalents: The company ended the quarter with $237 million in cash and cash equivalents.</li></ul><h4>Outlook</h4>Management expects to continue delivering robust incremental margins and industry-leading operating ratio improvement, with significant upside still anticipated. The company has a clear path to compounding earnings growth and accelerating free cash flow generation, which will be amplified as freight demand recovers.

XPO | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.096 B