Every material Form 8-K XPO has filed with the SEC since June 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
XPO furnished an investor presentation dated October 29, 2026, under Regulation FD, which summarizes its third quarter 2026 results and its 2026 planning assumptions. The filing shows higher revenue, profit and adjusted EPS year over year, and it reaffirms the company's full year 2026 expectations and its 2021-2027 North American LTL targets.
Q3 2026 revenue was $2.37 billion, up 12% year over year; net income was $181 million versus $82 million in Q3 2025
Diluted EPS was $1.53; adjusted diluted EPS was $1.70 versus $1.07 a year earlier, up 59%
Adjusted EBITDA was $433 million, up 26.6% from $342 million; North American LTL adjusted operating ratio was 80.1%, improved 260 basis points year over year
For full year 2026, the company expects gross capex of $500 million to $600 million and interest expense of $205 million to $215 million
XPO reported third quarter 2026 revenue of $2.37 billion, up 12.4% from $2.11 billion a year earlier, and diluted EPS of $1.53 versus $0.68. Net income rose to $181 million from $82 million, and adjusted diluted EPS reached $1.70 versus $1.07. Year-over-year gains were driven by North American LTL, where adjusted operating income rose 35% and the adjusted operating ratio improved 260 basis points.
Q3 2026 revenue $2.37 billion vs. $2.11 billion; operating income $288 million vs. $164 million
Diluted EPS $1.53 vs. $0.68; adjusted diluted EPS $1.70 vs. $1.07
North American LTL adjusted operating ratio 80.1%, a 260 basis point improvement
Q3 cash flow from operations $415 million; $150 million of common stock repurchases in the quarter
XPO reported second quarter 2026 results with revenue of $2.36 billion, up 13.2% from a year earlier, and net income of $162 million, or $1.36 per diluted share, versus $0.89 a year earlier. Adjusted diluted EPS rose to $1.70 from $1.05, and the North American LTL segment posted a record 79.9% adjusted operating ratio, though the filing contains no updated full-year guidance. Shareholders benefit from stronger profit growth, but European Transportation swung to an operating loss due to restructuring costs.
Revenue of $2.36 billion versus $2.08 billion in Q2 2025; net income of $162 million versus $106 million
Diluted EPS $1.36 (GAAP) versus $0.89; adjusted diluted EPS $1.70 versus $1.05
North American LTL adjusted operating income rose 36% to $287 million; European Transportation operating loss of $6 million versus $11 million income, mainly due to restructuring
Q2 cash flow from operations $308 million; $70 million of common stock repurchases and $70 million of term loan repayments
XPO, Inc. appointed Michael Kneeland to its board of directors effective July 27, 2026, expanding the board to eight members, seven of whom are independent. Kneeland is non-executive chairman of United Rentals and previously served as its chief executive from 2007 to 2019. The filing reports no financial results or changes to operations, so the appointment is a board governance change.
Kneeland was appointed by the board on July 24, 2026, effective July 27, 2026, and will serve until the 2027 annual meeting of stockholders.
As a non-employee director, he receives an annual cash retainer of $80,000 and an annual RSU grant currently valued at $190,000.
On July 27, 2026, he received a prorated grant of 388 RSUs that vest on January 4, 2027.
The filing states there are no related party transactions with Kneeland reportable under Item 404(a) of Regulation S-K.
XPO entered a $385 million Term B-4 loan under an amendment to its existing term loan credit agreement and a separate $500 million senior secured Term Loan A facility with Wells Fargo, both dated May 29, 2026. The company said the proceeds will be used to refinance its existing Term Loan B debt and pay transaction costs, and both facilities are secured by substantially all of its assets.
2026 Term Loan B Facility: $385 million, matures February 1, 2031, interest at Term SOFR plus 1.50% (ABR plus 0.50%), with a 0.125% reduction after November 29, 2026 if net leverage is at or below 1.21 to 1.00
Term Loan A Credit Facility: $500 million, matures May 29, 2029, with Wells Fargo Bank as administrative agent, interest at Term SOFR plus 1.25%
Maturity of the Term Loan A may spring to 91 days before the maturity of the 6.250% Senior Secured Notes due 2028, unless those notes are $350 million or less outstanding or liquidity covers them
Loans carry financial covenants, including a secured net leverage ratio of not greater than 3.00 to 1.00 and an interest coverage ratio of at least 2.00 to 1.00 before an investment-grade fall-away event
XPO, Inc. disclosed that Wendy Cassity notified the company on May 20, 2026 of her intention to resign as chief legal officer and corporate secretary, effective on or about June 18, 2026. The filing says the resignation is for personal reasons and does not name a successor or give financial terms.
Wendy Cassity notified XPO of her resignation on May 20, 2026.
Her resignation as chief legal officer and corporate secretary is effective on or about June 18, 2026.
The stated reason is personal; the filing names no successor and discloses no financial terms.
XPO reported first quarter 2026 results, with revenue of $2.10 billion, up from $1.95 billion a year earlier, and diluted EPS of $0.85 versus $0.58. Adjusted diluted EPS rose to $1.01 from $0.73, and North American LTL adjusted operating income grew 20%. The filing contains no updated financial guidance, and European Transportation posted an operating loss of $6 million.
Net income was $101 million versus $69 million; diluted EPS was $0.85 versus $0.58.
Adjusted diluted EPS was $1.01 versus $0.73; adjusted EBITDA was $319 million versus $278 million.
North American LTL revenue rose to $1.23 billion and adjusted operating ratio improved 200 basis points to 83.9%.
European Transportation posted an operating loss of $6 million versus operating income of $1 million a year earlier.
XPO reported fourth quarter 2025 revenue of $2.01 billion, up 4.7% from a year earlier, while diluted EPS fell to $0.50 from $0.63 and net income fell to $59 million from $76 million. The company cited a $23 million rise in restructuring expense tied to previously granted equity awards from the board leadership transition, and a $21 million drop in real estate gains; adjusted diluted EPS was $0.88 versus $0.89.
Q4 2025 revenue was $2.01 billion versus $1.92 billion; operating income was $143 million versus $148 million.
Diluted EPS was $0.50 versus $0.63; adjusted diluted EPS was $0.88 versus $0.89.
Full-year 2025 revenue was $8.16 billion versus $8.07 billion; full-year net income was $316 million versus $387 million and diluted EPS was $2.64 versus $3.23.
North American LTL adjusted operating ratio improved 180 basis points to 84.4%; the company reported $310 million of cash at year end.
XPO said founder Bradley S. Jacobs will step down from the Board on December 31, 2025, and move from Executive Chairman to Special Advisor until June 30, 2026, keeping his same salary and bonus during that period. Director Mario Harik, who is also CEO, will become Board Chairman effective January 1, 2026, consolidating the chairman and chief executive roles under one person.
Bradley S. Jacobs leaves the Board effective December 31, 2025
Jacobs becomes Special Advisor until June 30, 2026, keeping his same salary and bonus
Mario Harik appointed Board Chairman effective January 1, 2026; he remains CEO
XPO reported third quarter 2025 results on October 30, 2025. Revenue rose to $2.11 billion and adjusted diluted EPS rose to $1.07, but GAAP diluted EPS fell to $0.68 and net income fell to $82 million, mainly due to a $35 million charge for environmental and product liability claims tied to a former Con-way subsidiary.
Revenue was $2.11 billion, up from $2.05 billion a year earlier.
Diluted EPS was $0.68, down from $0.79; adjusted diluted EPS was $1.07, up from $1.02.
Adjusted EBITDA was $342 million, up from $333 million; North American LTL adjusted operating ratio improved 150 basis points to 82.7%.
The $35 million charge reduced third quarter diluted EPS by $0.23.
XPO reported second quarter 2025 results with revenue flat at $2.08 billion and operating income of $198 million, versus $197 million a year earlier. Net income fell 29.3% to $106 million and diluted EPS fell to $0.89 from $1.25, as the company lapped a one-time 2024 European tax benefit. Adjusted diluted EPS declined 6.3% to $1.05, which matters to shareholders because the core earnings measure fell even though revenue held steady.
Revenue was $2.08 billion, compared with $2.08 billion in Q2 2024; North American LTL revenue fell 2.5% to $1.24 billion while European Transportation rose 4.1% to $841 million
Net income was $106 million versus $150 million, and diluted EPS was $0.89 versus $1.25, reflecting the lapping of a one-time tax benefit related to the European business
Adjusted diluted EPS was $1.05 versus $1.12, and adjusted EBITDA was $340 million versus $343 million
Company generated $247 million of operating cash flow in Q2 and ended the quarter with $225 million of cash and cash equivalents
XPO reported first quarter 2025 results for the period ended March 31, 2025. Revenue fell 3.2% to $1.95 billion, mainly due to lower fuel surcharge revenue in the North American LTL segment, while GAAP diluted EPS rose to $0.58 from $0.56. Adjusted diluted EPS fell to $0.73 from $0.81, and adjusted EBITDA declined to $278 million from $288 million, so shareholders see mixed headline results.
Revenue was $1.95 billion, down from $2.02 billion a year earlier (down 3.2%).
Diluted EPS was $0.58 versus $0.56; net income was $69 million versus $67 million.
Adjusted diluted EPS was $0.73 versus $0.81 (down 9.9%); adjusted EBITDA was $278 million versus $288 million.
North American LTL adjusted operating ratio was 85.9%, a sequential improvement of 30 basis points versus the fourth quarter of 2024.
On February 26, 2025, XPO entered into a refinancing amendment that provides new term loan B facilities of up to $700 million and $400 million to repay its existing term loans, and a new $600 million revolving credit agreement with Wells Fargo that replaced its former ABL revolving credit facility. The company terminated all obligations under the former ABL facility on the same date. The new debt is secured by substantially all company and guarantor assets and carries covenants that could trigger defaults if breached.
Term loan B-2 facility of up to $700 million matures May 24, 2028
Term loan B-3 facility of up to $400 million matures February 1, 2031
New $600 million revolving credit facility, including $200 million for letters of credit, matures April 30, 2030
Former ABL credit agreement dated October 30, 2015 was terminated on February 26, 2025
XPO reported fourth-quarter and full-year 2024 results. Q4 revenue fell 1.0% to $1.92 billion, mainly on lower fuel surcharge revenue in North American LTL, while diluted EPS from continuing operations rose to $0.63 from $0.49. Full-year diluted EPS more than doubled to $3.23 from $1.62, and full-year revenue rose 4.2% to $8.07 billion, so shareholders see higher profit on softer quarterly sales.
Q4 2024 revenue was $1.92 billion, versus $1.94 billion in Q4 2023.
Q4 2024 adjusted diluted EPS was $0.89, versus $0.77; a $34 million real estate gain added $0.21 per diluted share.
Full-year 2024 adjusted diluted EPS was $3.83, versus $2.92 in 2023.
North American LTL Q4 adjusted operating income was $159 million, flat versus $160 million a year earlier.
XPO reported third quarter 2024 results on October 30, 2024, with revenue of $2.05 billion, up 3.7% from $1.98 billion, and diluted earnings from continuing operations of $0.79 per share versus $0.72. Growth came mainly from higher yield in North American LTL and volume growth in European Transportation, and adjusted diluted EPS rose to $1.02 from $0.88. Diluted EPS includes a $9 million gain, or $0.06 per share, on a past private company investment that was sold in the quarter.
Revenue $2.05 billion vs. $1.98 billion a year earlier (up 3.7%)
Diluted EPS $0.79 vs. $0.72; adjusted diluted EPS $1.02 vs. $0.88
Adjusted EBITDA $333 million vs. $278 million; North American LTL adjusted operating ratio 84.2%, 200 basis points better
Includes a $9 million gain ($0.06 per share) on the sale of a past private company investment
XPO reported second quarter 2024 revenue of $2.08 billion, up 8.5% from $1.92 billion a year earlier, and operating income of $197 million, up from $107 million. Diluted EPS from continuing operations was $1.25 versus $0.27, though that figure includes a one-time $41 million tax benefit; adjusted diluted EPS was $1.12 versus $0.71. Shareholders see higher revenue and profit in the quarter, with the North American LTL segment driving most of the gain.
Revenue $2.08 billion vs $1.92 billion; North American LTL revenue up 12.0% to $1.27 billion
Net income from continuing operations $150 million vs $31 million, including a one-time $41 million tax benefit from European legal entity reorganization
Adjusted diluted EPS $1.12 vs $0.71; adjusted EBITDA $343 million vs $244 million
North American LTL adjusted operating ratio improved 440 basis points to 83.2%
XPO, Inc. disclosed that director Jason Aiken resigned from its Board of Directors, effective June 6, 2024. The board reduced its size from nine to eight directors effective the same date. The filing does not state a reason for the resignation or name a replacement.
Jason Aiken notified XPO of his board resignation on June 3, 2024, effective June 6, 2024.
Board size reduced from nine to eight directors effective June 6, 2024.
Filing was signed June 7, 2024 by Chief Legal Officer and Corporate Secretary Wendy Cassity.
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