XPO Q2 diluted EPS falls to $0.89 from $1.25; revenue flat at $2.08 billion
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.