| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.8K | 24.5% | 25.0% |
| Total Income | 1.8K | 24.5% | 25.0% |
| Expenditure | 1.8K | 22.0% | 24.1% |
| PBT | -8.00 | 83.7% | 20.0% |
| Net Profit | -9.00 | 75.0% | 0.0% |
| OPM | 0.06% | 2.02pp | |
| NPM | -0.51% | 2.02pp | 0.13pp |
| EPS | -0.05 | 76.2% | 0.0% |
RXO Reports Strong Second-Quarter Results Driven by Market Share Gains and Improved Profitability
06 Aug 2026 · 6 Aug, 4:07 pm
Summary
RXO announced strong second-quarter 2026 results, with revenue reaching $1.8 billion, up from $1.4 billion in the prior year's quarter. The company saw profitable volume growth across its business segments, with full truckload volume increasing by 2% year-over-year and outperforming the market. Brokerage achieved a significant 11% sequential increase in gross profit per load, driven by a higher spot mix. Complementary Services also contributed positively, with Last Mile stops growing by 3% year-over-year. Management expressed confidence in continued momentum, expecting further volume and gross profit per load growth in the third quarter.
Key Highlights
- 1
RXO reported revenue of $1.8 billion for the second quarter of 2026, an increase from $1.4 billion in the second quarter of 2025.
- 2
Full truckload volume improved each month and grew by 2% year over year in the second quarter, outperforming the market.
- 3
The company achieved an 11% sequential increase in gross profit per load, marking the highest growth rate in four years, driven by a 42% Brokerage full-truckload spot mix.
- 4
Complementary Services showed strength, with Last Mile experiencing 3% year-over-year stop growth.
- 5
RXO reported a second-quarter 2026 GAAP net loss of $9 million, with adjusted net income at $10 million compared to $7 million in the prior year.
- 6
Adjusted EBITDA for the second quarter was $40 million, up from $38 million in the second quarter of 2025.
- 7
The company expects positive Brokerage trends to continue in the third quarter, with anticipated sequential and year-over-year growth in both volume and gross profit per load.
Management Comments
Drew Wilkerson
RXO delivered strong second-quarter results, including profitable volume growth across the business. In Brokerage, we outperformed the market sooner than our previously communicated expectations, with truckload volume growth of 2 percent. We also achieved another historic sequential increase in gross profit per load, the best in four years, primarily driven by a 900-basis-point sequential increase in truckload spot mix. In Complementary Services, Last Mile gained market share and grew stops by 3 percent. Managed Transportation won approximately $100 million in additional freight under management. Importantly, we achieved these results with strong carrier vetting and cargo security practices, which were recently recognized with awards from both CargoNet and FreightWaves. We have strong momentum and anticipate that Brokerage will continue to deliver volume and gross profit-per-load growth in the third quarter. RXO is the broker of choice for spot activity, special projects and mini-bids. We’re in the early stages of a recovery. This is the part of the freight cycle where RXO’s unique algorithm drives differentiated results.
Informational and educational content only. Not investment advice.