Quarterly ResultMay 6, 2026, 04:26 PM
GXO Logistics Swings to Q1 Net Income of $4M; Revenue $3.3B
AI Summary
GXO Logistics, Inc. reported a significant financial turnaround in the first quarter of 2026, swinging to a net income attributable to GXO of $4 million, a substantial improvement from a net loss of $(96) million in the prior year period. Revenue for the quarter increased to $3,298 million from $2,977 million year-over-year, with basic earnings per share rising to $0.03 from a loss of $(0.81). The company also recorded an additional $21 million impairment loss related to the ongoing Wincanton Divestment.
Key Highlights
- Net income attributable to GXO was $4 million for Q1 2026, compared to a net loss of $(96) million in Q1 2025.
- Revenue increased to $3,298 million for Q1 2026, up from $2,977 million in Q1 2025.
- Basic earnings per share was $0.03 for Q1 2026, a significant improvement from $(0.81) loss in Q1 2025.
- Operating income reached $39 million for Q1 2026, compared to an operating loss of $(56) million in Q1 2025.
- Segment Adjusted EBITDA was $216 million for Q1 2026, an increase from $178 million in Q1 2025.
- An additional $21 million impairment loss was recorded in Q1 2026 related to the Wincanton Divestment.
- Net cash provided by operating activities was $31 million for Q1 2026, up from $29 million in Q1 2025.
- The company has $300 million remaining authorization under its stock repurchase plan as of March 31, 2026.
Price Impact
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