--- title: "XPO | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.096 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/284750705.md" datetime: "2026-04-30T10:52:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284750705.md) - [en](https://longbridge.com/en/news/284750705.md) - [zh-HK](https://longbridge.com/zh-HK/news/284750705.md) --- # XPO | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 2.096 B 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. ### First Quarter 2026 Summary Results XPO, Inc. reported a strong start to 2026, with significant year-over-year growth in key financial metrics. #### Consolidated Financial Performance - **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. - **Operating Income**: Operating income grew by 15.2% to $174 million in Q1 2026, compared to $151 million in Q1 2025. - **Net Income**: Net income saw a substantial increase of 46.4% to $101 million in Q1 2026, from $69 million in Q1 2025. - **Adjusted Net Income**: Adjusted net income was $121 million in Q1 2026, compared to $87 million in Q1 2025. - **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. #### North American Less-Than-Truckload Segment - **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. - **Operating Income**: Operating income for this segment increased by 19.6% to $189 million in Q1 2026, compared to $158 million in Q1 2025. - **Adjusted Operating Income**: Adjusted operating income rose by 20.0% to $198 million in Q1 2026, from $165 million in Q1 2025. - **Adjusted Operating Ratio**: The adjusted operating ratio was 83.9%, reflecting a year-over-year improvement of 200 basis points. - **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. - **Operational Metrics**: - Yield, excluding fuel, increased by 4.0% year-over-year. - Shipments per day increased by 3.0% to 49,834. - Tonnage per day increased by 0.1% to 65,510 thousands. - The damage claims ratio was reduced to less than 0.2%. - Average weight per shipment was 1,315 pounds, a -2.8% change from 1,352 pounds in Q1 2025. - Revenue per shipment (including fuel surcharges) was $394.14, a 2.6% increase. - Revenue per shipment (excluding fuel surcharges) was $329.77, a 1.2% increase. - Gross revenue per hundredweight (including fuel surcharges) increased by 5.3% to $30.61. - Revenue per hundredweight (excluding fuel surcharges) increased by 4.0% to $25.71. - The average length of haul was 852.6 miles. - The total average load factor was 22,294, a -0.6% change. - The average age of the tractor fleet was 3.9 years. #### European Transportation Segment - **Revenue**: Revenue for this segment grew by 11.0% to $868 million in Q1 2026, from $782 million in Q1 2025. - **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. - **Adjusted Operating Income**: Adjusted operating income remained consistent at $6 million in both Q1 2026 and Q1 2025. - **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. #### Corporate Segment - **Operating Loss**: The corporate segment reported an operating loss of -$9 million in Q1 2026, consistent with Q1 2025. - **Adjusted EBITDA**: Adjusted EBITDA for the corporate segment was a loss of -$4 million in Q1 2026, also consistent with Q1 2025. #### Cash Flow - **Operating Cash Flow**: XPO, Inc. generated $183 million of cash flow from operating activities in Q1 2026. - **Capital Expenditures**: Net capital expenditures amounted to $104 million. - **Share Repurchases**: The company completed $30 million of common stock repurchases. - **Debt Repayments**: Term loan repayments totaled $30 million. - **Cash and Cash Equivalents**: The company ended the quarter with $237 million in cash and cash equivalents. #### Outlook 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. ### Related Stocks - [XPO.US](https://longbridge.com/en/quote/XPO.US.md) ## Related News & Research - [XPO CEO Says Demand Recovery Will Amplify Returns From Here](https://longbridge.com/en/news/284817219.md) - [XPO Highlights Strong Q1 2026 LTL Margin Expansion](https://longbridge.com/en/news/284760069.md) - [Viridien: 2026 first-quarter results | CGG Stock News](https://longbridge.com/en/news/285234459.md) - [Palo Alto Networks to Announce Fiscal Third Quarter 2026 Financial Results on Tuesday, June 2, 2026 | PANW Stock News](https://longbridge.com/en/news/284897633.md) - [Bpce reports Q1 2026 results](https://longbridge.com/en/news/285238271.md)