XPO Q1 Revenue up 7.3% to $2.1B; EPS Rises 46.6%
XPO posted Q1 2026 diluted EPS of $0.85 versus $0.58 last year and adjusted EPS of $1.01, up 46.6% and 38.4% respectively. Revenue rose 7.3% to $2.10 billion, with North American LTL operating income up 19.6% and adjusted operating ratio improving 200 basis points to 83.9%.
1. Q1 Financial Results
XPO generated $2.10 billion in revenue for Q1 2026, a 7.3% increase from $1.95 billion a year ago. Net income reached $101 million, driving diluted EPS of $0.85 versus $0.58, while adjusted diluted EPS rose to $1.01 from $0.73.
2. North American LTL Segment Performance
The North American less-than-truckload division reported revenue of $1.23 billion, up 4.9%, with adjusted operating income climbing 20% to $198 million. Yield excluding fuel grew 4.0%, shipments per day rose 3.0%, and adjusted operating ratio improved by 200 basis points to 83.9%, while adjusted EBITDA reached $290 million.
3. European Segment and Cash Flow
European Transportation revenue increased 11.0% to $868 million, though operating income turned to a $6 million loss and adjusted EBITDA edged up to $33 million. The company generated $183 million in operating cash flow, held $237 million in cash, repurchased $30 million of stock and repaid $30 million of term loans.